Andorra-EU Business Climate: Andorra’s long-running push for deeper EU integration is still stuck in politics: an association agreement signed in 2024 would align the principality with parts of the EU single market, but Brussels has held back full financial services access over concerns about oversight of Andorra’s finance sector. Tech & Telecom: Kenmei, backed by Telefónica, MasOrange and Andorra Telecom and partnering with Microsoft, is building intent-based agentic AI for autonomous network operations—aiming to move from rule-based human-in-the-loop processes toward higher autonomy with strict engineer supervision. Cross-border Payments for SMEs: Statrys launched local account capabilities in five European markets for Hong Kong SMEs, letting firms route payments via local networks (UK, Germany, Luxembourg, Denmark and Liechtenstein), with Andorra excluded from the euro IBAN setup. Sports Business in Andorra: The UCI Mountain Bike World Cup in Andorra (Pal Arinsal) delivered a first elite men’s win for USA’s Bjorn Riley, underlining the principality’s growing role as a high-altitude events hub. Visa Rules Affect Mobility: Germany confirmed a 2026 visa-free list of 62 countries outside EU/Schengen for up to 90 days (including Andorra), while the UK made Electronic Travel Authorisation mandatory for visa-free visitors from 85 nations—both moves that can shift travel demand for businesses. Corporate Watch: Spain-based Zamora Company (Licor 43 owner) reported 2025 net sales down 2% to €255m, citing a tougher global spirits environment.