Watch Prince Albert’s 2018 New Year’s message
Day: 1 January 2018
Strong wind gusts expected, becoming stronger in Monaco this week
On New Year’s Day, the Prince’s Government issued a high wind warning for the start of the week. According to Météo-France, late afternoon gusts of up to 60 km/h on Monday afternoon are set to reach 70 km/h between 4 am and 7 am on Tuesday. The high winds are likely to abate somewhat by Tuesday lunchtime.
According to the most recent information from France’s weather agency, the very windy conditions are likely to repeat on Wednesday afternoon. Although the wind is forecast at 30 km/h, gusts are anticipated of up to 85 km/h between 1 and 7 pm.
The Government recommends taking the necessary precautions to avoid the accidental fall of objects or materials, particularly on balconies. It also recommends “the utmost vigilance when going out to sea, especially with small boats, or walking near the shore”.
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Hong Kong property ‘chasing’ Monte Carlo
Hong Kong’s home prices have risen sharply over the last year, with a 13.1 percent increase over the 12 months to December 31, according to the Rating and Valuation Department. The city’s apartments are now the second-most expensive in the world, after Monaco.
One million US dollars will buy 200 square feet of prime property in Hong Kong, a little less than 20 square metres, while the figure for Monaco is 152 square feet (some 15 square metres).
International estate agency Knight Frank ranks New York in third place, where the same figure will buy 270 square feet of prime property, and London fourth, providing 320 square feet.
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Monaco Minister of Finance: Non-residents and the exchange of financial information
Gustavia Yacht Club distributes €190,000 of IRMA relief fund
Within days of IRMA unleashing her anger across St Barts on September 5, 2017, Gustavia Yacht Club stepped up to provide much needed financial help to those who had been hardest hit by the Category 5 hurricane.
The Club’s Commodore, Sir Stelios Haji-Ioannou, had asked the Club’s bankers in Monaco (CFM Indosuez) to set up a special ring-fenced sub-account in the name of the Club with the designation “St Barts – Hurricane IRMA disaster relief fund”.
The Stelios Philanthropic Foundation was the first one to donate, a generous €100,000, to the disaster relief fund and 45 Club members and friends of the island soon after contributed to the cause.
In total, €189,718 was raised during the IRMA appeal, with €190,485 being dispersed to fund 18 “worthy causes” by decision of the Executive Committee of the Club (Sir Stelios with Ken Griggs and Gustavo Riccobon) and under the watchful eye of the full Board of Directors.
Donations raised helped to fund a new fire truck for the Association Amicale des Sapeurs Pompiers, helped to help rebuild the Ecole Ste Marie and College St Barthelemy, paid for emergency equipment and materials distributed to population, to support the horses on the island via the association Galop des Iles, paid for Rehabilitation of Public gardens by the Rotary Club, bought musical instruments for Saint Barthelemy Harmony, assisted various associations and clubs (Association des Jeunes-Surf Club, St Barth Handicap Association, Athleticism Association and Saint Barth Tennis Club), made a donation the Saint Marteens Yacht Club and various owners whose homes were destroyed or damaged, and, paid for Christmas parties for children and families.
“We are delighted to report that the island is well underway towards making a full recovery from IRMA and we would like to wish everyone a happy and prosperous 2018!” the Club’s Commodore wrote to Gustavia Yacht Club members.
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Inaugural St Barts-St Kitts sailing yacht race this February