Cross-border Transport Planning: Catalonia has launched an €867,000 tender for a feasibility study of a new 20-kilometre tram corridor linking La Seu d’Urgell and Andorra, with the €250 million project expected to be assessed over the next year and designed to run separately from roads, include at least five stops, and explore a cycling route plus a branch to Andorra–La Seu d’Urgell Airport. Corporate Growth Watch: Spanish drinks group Damm says it is targeting US$4.6B revenue by 2030, after reporting €2.01B revenue in 2025, and it highlights international expansion plus major manufacturing upgrades, including work that already covers Spain, Andorra, Gibraltar and Portugal via Nestea. Andorra in the Spotlight (Sports & Business): PokerStars Open Malaga’s main event saw Andorra’s Jose Vallas finish third in a €1,100 event with a record-sized field and prize pool, underlining how small markets can still show up on big financial stages. Policy & Costs (Carbon): A new Europe-wide look at carbon taxes notes that while some countries collect broadly, others—like Andorra—face collection efficiency issues due to exemptions and reduced rates, keeping the debate over climate-linked costs very much alive. Regional Finance Risk: Bosnia’s “grey list” return is expected to raise transaction controls and payment delays, adding business costs and complicating trade—an indirect reminder for Andorra-linked cross-border commerce to watch counterpart risk.