Andorra is the European microstate, the name of which means wasteland. The Principality of Andorra was founded in 805. In 1934 a Russian emigre declared himself Boris I, King of Andorra, but later he was arrested. The first government was established in 1982. Andorra is a constitutional monarchy with the President of France and the Bishop of Urgell, as co-princes. It is not a member of European Union, but Andorra is a full member of the United Nations (UN), the Organization for Security and Co-operation in Europe (OSCE). Andorra has been a popular resort (mainly a skiing one) since the end of the twentieth century. Thanks to the development primarily of the banking sector, as well as a low tax burden and a small number of customs duties, Andorra has acquired the status of a prosperous center of international business.
Euro (EUR) (AD, phone code +376)
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