Great Monaco Road Show successes in Japan

Photo: CD
Photo: CD

Monaco’s Tourism and Conventions Office (DTC), and hotel partners Fairmont Monte Carlo and SBM, have enjoyed excellent road shows in Tokyo and Osaka. The visit also marked the opening of the new representative office in Japan and more than a hundred tourism professionals and journalists were invited to the various events organised for Monaco by the Candlewick Company.

Two expert figures from the Principality took part in the debates, gastronomic journalist Takanori Nakamura and Yumiko Itakura, a journalist for Elle magazine and a well-known blogger in Japan.

Through their testimonials guests were able to discover the Principality in a new and rejuvenated light.

A first dinner was organised in Tokyo at the Benoit restaurant of Alain Ducasse in the presence of lifestyle media such as GQ, Leon, Brutus, Le Figaro, Katei Gaho and Harper’s Bazaar: Guillaume Rose for the Tourism Department, Koji Ito for Fairmont and Hiro Ito for the SBM were able to answer the questions put to them by journalists.

Numerous articles were published immediately and a survey carried out by the DTC following the visit showed that the Japanese remain very interested in Monaco as a destination and its many advantages, especially the luxurious environment, security and quality of service.

Guillaume Rose also presented the latest Monegasque novelties at a lunch for high society of Osaka, gathered as part of the Monaco-Japan Friendship Club.

 

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Ban on Fontvieille fishing

Photo: Department of the Environment
Photo: Department of the Environment

Keen amateur fisherman in Monaco will have to take their rods elsewhere following the government’s introduction of a prohibition on fishing on the Fontvieille breakwater.

The ban will last until April 2018. The one-year interdiction will allow the authorities to develop and publish new regulations for recreational fishing.

Fishermen have caused considerable pollution in recent years, including broken fishing lines that have created problems for underwater flora and fauna.

The one-year moratorium pending the publication of new rules will also help the harbour’s marine life to recover.

 

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MonacoTech launches website, startups invited to submit applications

IMG_7124MonacoTech launched its website Monday at midnight from which applicants can submit their business projects for either the Incubator or Accelerator program. The site –  www.monacotech.mc – in both English and French, is the entry platform for startups seeking support.

Headed by Fabrice Marquet, MonacoTech has been created by the Monaco government, in partnership with Monaco Telecom and French entrepreneur Xavier Niel. It has multiple objectives: to support innovative projects in business creation in Monaco; to create successful companies; to diversify the Principality’s economic activities by positioning itself as a credible and radiant innovation capital and to generate indirect economic spin-offs. In the long term, the role of MonacoTech is to perpetuate new companies and integrate them into the local economic fabric.

Local and international projects in any field related to technology, in fintech, healthtech, smart city, connected objects, and so on, will be studied by a jury of professionals. As previously announced, MonacoTech will have space totalling 820m2, which can accommodate up to 20 startups, that is to say about sixty seats, with a semi-public part and co-working space, from a cost of €150 to €300 per month. Startups will benefit from support in terms of advice, follow-up, support and financing during the initial stages of their creation. The premises are scheduled to open in the autumn of 2017.

Speaking at the CleanEquity conference in March, Minster of Economy Jean Castellini said, “Together, we will try to make Monaco a base of start-ups in the telecom industry but I would want the cleantech nuggets of tomorrow to be born, raised and incubated in the Principality, as well as healthtech and fintech.”

 

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Mbappe brings home consolation goal

Kylian Mbappe
Kylian Mbappe scores team’s 150th this season in all competitions.
Kylian Mbappe scores team’s 150th this season in all competitions. Photo: Facebook AS Monaco

Much as expected, Juventus defeated AS Monaco in the second leg of the Champions League semi-finals in Turin on Tuesday, with a 2-1 home win. The 4-1 aggregate victory put the Italian side into its second Champions League final in three seasons.

The odds were stacked against Monaco even before the game began. Juventus had won all previous 11 knockout ties against French opponents, while Monaco had never won in Italy.

Mario Mandzukic shot in the host’s first goal after an earlier header was saved by Danijel Subasic, but Dani Alves doubled the lead on Tuesday with a fast volley after the Monaco goalkeeper punched a clearance.

Monaco’s consolation prize was a goal from youngster Kylian Mbappe in the second half from a cross from Joao Moutinho. Mbappe’s goal was his team’s 150th this season in all competitions. Only Real Madrid (158) and Barcelona (160) have scored more from all the teams in the five big European leagues.

Juventus, who have not won this competition since 1996 and lost 3-1 to Barcelona in the 2015 final, will face either Real Madrid or Atletico Madrid in Cardiff on June 3. Despite not winning the competition since 1996, no team has reached the Champions League final on more occasions than Juventus – six – level with AC Milan.

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FEDEM reports on loans and grants to businesses

business-loan

The latest edition of Monaco Business News, published by FEDEM, the Monaco Federation of Employers, has as its main theme the topic of government aid to businesses.

As an example, a loan for new companies is reserved for Monegasques and spouses of Monegasques, provided that the activity concerned constitutes their only professional activity.

This form of help, established by Article 1 of Ministerial Decree No. 2004-261, is approved or not by a Commission chaired by the Minister of Finance and Economy. Funds can be used for rent and towards contributions to the Sickness Insurance Fund for Independent Workers (CAMTI) and the Self-Employed Pension Fund for Independent Workers (CARTI).

The beneficiary may also obtain an installation aid loan of up to €100,000 (and 80 percent of the value of the investment) for a maximum of ten years at a non-revisable rate equal to the 3-month EURIBOR rate at the date of the written request for the loan plus 0.75 points. A one-year grace period may also be granted. Objective of the loan: to assist in the fitting out and layout of the premises, the acquisition of the necessary furniture and equipment, the building up of the stock, and also the purchase of a right to a lease.

This loan can be prepaid without penalty at any time, with three months’ notice. However, it will have to be repaid immediately if the sums allocated are partially or otherwise used for other purposes if the beneficiary is in arrears for three instalments, if the business ceases or is sold.

Other grants and loans are available to Monaco-registered companies without the requirement of Monegasque citizenship, including grants towards projects that involve the use of solar energy and other renewable energy sources. Despite its title, Monaco Business News is available only in French.

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Peace and Sport celebrates first 10 years with special stamp

3a35b5cc-e8f0-45bb-97fb-ccb33b667459

To help celebrate its 10th anniversary, Peace and Sport, the politically neutral organisation that promotes peace through sport, has just issued a commemorative stamp with an emblem of peace.

Over the past decade, Peace and Sport, under the patronage of His Serene Highness Prince Albert, has played a pioneering role in promoting sporting values. The Monaco Association has been able to achieve many of the social objectives it has set itself, including programmes to build peace, reconciliation, the reduction of poverty, the development of education, and an improvement in public health in various projects around the world.

Joël Bouzou, President of Peace and Sport, said: “Peace and Sport is proud of the release of the commemorative stamp which illustrates the 10 years of the commitment of the Principality of Monaco to promote the values of sport as a tool for social change.”

The Stamp Office of the Principality will print 50,000 copies of the commemorative stamp at a price of €0.85. The Peace and Sport Memorial Stamp is now available at the Stamp Office, the Stamp and Mint Museum, the Post Office, stamp outlets in Monaco, and the Museum of the Post Office and the Carre d’Encre in France in Paris.

In addition, twenty “first day envelopes” will be on sale during the 10th edition of the International Peace and Sport Forum, to be held from December 6 to 8 in Monaco. The funds raised will be used to support Peace and Sport projects in the field and sports initiatives around the world.

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