Monaco welcomes new ambassadors from Turkey, Germany, Malta and the EU

Four diplomats from Turkey, Germany, Malta and the European Union have been formally installed in their new roles as Ambassadors to the Principality of Monaco following a meeting with Prince Albert II. 

On 11th April, Monaco’s sovereign met with the four new representatives, who presented him with their official Letters of Credence.  

Then it was on to the Hôtel Hermitage for a traditional luncheon with Marie-Catherine Caruso-Ravera, Monaco’s Director of Diplomatic and Consular Relations. Caruso-Ravera was standing in for Isabelle Berro-Amadeï, the Principality’s Minister of Foreign Affairs and Cooperation, who typically hosts these kinds of events.  

MEET THE AMBASSADORS 

The EU’s new Ambassador to Monaco is Christina Kokkinakis of Austria. She joined the Austrian diplomatic service in 1995 and has served in various positions, primarily in multilateral diplomacy as well as within the European Service for External Action. Since 2023, she has been a Permanent Representative of the European Union to UNESCO and the OECD.

Turkey’s Yunus Demirer (far right in picture) began his diplomatic career at the nation’s Ministry of Foreign Affairs. He has held numerous positions within the ministry, both domestically and abroad, including postings to Baghdad with NATO, Bucharest, Washington, Beirut and Strasbourg. In September last year, he was appointed as the Ambassador of Turkey to France. 

Germany’s new Ambassador to the Principality is Stephan Steinlein (second from left), who worked at the German Ministry of Foreign Affairs in Bonn and Warsaw before becoming Director of the Federal Chancellery in 2003. During his long career, he has worked as State Secretary to the Federal Foreign Office in Berlin and Diplomatic Advisor to the International Committee of the Red Cross in Geneva. Last summer, he was formally appointed as Ambassador of the Federal Republic of Germany to France.  

Alberto di Luca, Malta’s new representative, began his career in the private sector before ascending to the Chamber of Deputies in Rome from 1994 to 2006. At a diplomatic level, he was Ambassador Extraordinary and Plenipotentiary of the Sovereign Military Order of Malta to the Republic of Serbia between 2010 to 2023 and is currently the Permanent Representative of the Sovereign Military Order of Malta to the Assembly of Parliamentarians of the Mediterranean. 

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Photo credit: Manuel Vitali / Monaco Communications Department

Chiappori sworn in as new finance minister

Pierre-André Chiappori has been officially sworn in as the new Minister of Finance and Economy by Prince Albert II.

While Pierre-André Chiappori technically assumed his position on 18th March 2024, the official swearing in ceremony at the Prince’s Palace took place on Friday 12th April.

The Palace announced on Wednesday 13th March that Prince Albert II had appointed Pierre-André Chiappori to the prominent role of Minister of Finance and the Economy. He succeeds Marco Piccinini who filled the role temporarily in September 2023 when Jean Castellini stepped down after more than a decade on the job.

Prince Albert and Finance Minister Pierre-André Chiappori. Photo credit: Michel Alesi, Prince’s Palace

Pierre-André Chiappori has a Ph.D in economics from the Université Paris I Panthéon-Sorbonne. He has taught in France at Paris 1, EHESS, École Polytechnique, and ENSAE, before joining the University of Chicago as professor of economics. He is a member of the European Economic Association, was elected to the Academy of Moral and Political Sciences in 2017, and received the insignia of Knight of the Order of Merit in 2023.

In the Principality, Pierre-André Chiappori has chaired the Scientific Council of the Monegasque Institute of Statistics and Economic Studies (IMSEE) since 2011 as well as the International Advisory Board of the International University of Monaco.

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Photo credit: Michael Alesi, Prince’s Palace

 

Greek Stefanos Tsitsipas claims third Rolex Monte-Carlo Masters title

Stefanos Tsitsipas secured his third Monte-Carlo title in a commanding fashion on Sunday, defeating Casper Ruud 6-1, 6-4 in the final match of the Rolex Monte-Carlo Masters. The victory marks his third title in four years in his adopted home town.

Known for his stellar performances on the Monte-Carlo courts, Tsitsipas delivered yet another impressive display, captivating the audience on Court Rainier III. With a combination of powerful forehand shots and strategic court movement, he kept Ruud on the defensive throughout the match.

Tsitsipas joins an elite group of players, including Rafael Nadal, Bjorn Borg, Thomas Muster, and Ilie Nastase, as the fifth player to claim three or more Monte-Carlo titles. Following his triumph, Tsitsipas thanked his family, friends, and team for their support. 

“I had to go out there and show my tennis as I promised every single one of them [my team] I will make the most out of it,” Tsitsipas said. “I am glad I presented on court and showed some ruthless tennis. From the beginning to the end my play was cohesive and I was able to blend in a lot of different shots.”

Despite arriving at the tournament with a relatively modest record for the year, Tsitsipas showcased his prowess on the clay courts by defeating top-ranked opponents like Alexander Zverev and Jannik Sinner. His victory over Ruud marked the first time since 2018 that he secured three wins against Top 10 players in a single event.

In the final showdown, Tsitsipas dominated with his aggressive playstyle, breaking Ruud’s serve early in the match and maintaining control throughout. Despite Ruud’s efforts to mount a comeback in the second set, Tsitsipas remained resilient, ultimately sealing the win with a combination of skillful shots and unwavering determination.

With an impeccable performance, Tsitsipas saved all eight break points he faced and capitalised on four of his own break opportunities, solidifying his status as a dominant force on the Monte-Carlo stage.

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Main photo: AFP – VALERY HACHE

 

 

Blue Ducks: A mission to bring yacht crews’ mental health to the fore

Working as a crew member on a yacht can offer adventure, travel and a career with boundless opportunities, but the long hours and the need to maintain impeccable standards while living a long way from home can be demanding and, for some, lead to struggles with mental health. That’s where Blue Ducks Fundraising comes in. 

Blue Ducks Fundraising, a philanthropic company launched by three former yacht crew, is seeking to raise awareness on mental health in the yachting industry and provide financial support to the ISWAN Yacht Crew Helpline, which provides essential advice and support to crew in need.  

To achieve these goals, Tony Stout of YACHTNEEDS and Ed and Jessica Dunnett of Onshore Cellars, the Riviera-based co-founders of the Blue Ducks movement, are combining their expertise as ex-crew and now business owners in affiliated sectors of the industry.

They’ve created a line of Blue Ducks branded merchandise, from blue stress ducks featuring the ISWAN helpline number to hoodies, t-shirts, aprons and tote bags with phrases such as ‘Let’s Give a Duck’ and ‘I Give a Duck’, to help generate funds for their chosen partners. They’re also leading a global call to action to inspire other workers in the industry to get on board and spread their message.  

“Yachting offers so many opportunities to crew, both those who are new to the industry and those with years of experience, but it’s a high-stakes and high-pressure environment. As former crew members, we understand the unique challenges faced by crew,” says Jessica Dunnett. “Our goal is to foster a culture of support and awareness among yachties, as well as among management companies and owners. We envision a future where mental health is openly discussed and where support systems are the norm. Every crew member deserves to feel understood and valued.”

According to an industry-wide survey organised by the Blue Ducks team in early 2024, 62% of crew say they are not aware of any policies or practices to address mental health issues while almost three quarters would like access to dedicated support and resources. 

“Essentially, the superyacht industry needs to take urgent action,” says Dunnett. “We want Blue Ducks to be a catalyst for change and to help steer the industry towards a future where better mental health practices and awareness are standard.” 

On 3rd May, at the Villa Djunah in Antibes Juan-les-Pins, the trio will host their inaugural charity event in support of the ISWAN network and the Welfare of Yacht Crew project. The evening will feature a charity auction, gourmet accoutrements and a selection of fine wines and cocktails suitable for any luxury yacht’s menu. Tickets cost €100 and can be purchased here

Further information on the ISWAN helpline can be found here.  

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Photo source: Bobby Stevenson, Unsplash

Podcast: the journey to creating a successful luxury company with Matteo Atti

In this, our final podcast with luxury brand expert Matteo Atti, we explore some of the key questions you should be asking if yourself if you plan on creating a successful luxury business. 

Click on the play button below to listen to the full podcast…

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Feeding the future: Monaco networking event spotlights cellular agriculture

Monaco is unique a hotspot for discussions on innovation and technology, with many networking events organised to connect investors and startups. One recent networking event focused on cellular agriculture, a method of food production through scientific processes.

Cellular agriculture is an industry that uses biotechnology to produce meat and other food products from cells. According to experts in the field, with the population expected to grow to ten billion by 2060, cellular agriculture provides a solution to meet the increasing demand for food while being sustainable and ethical. 

Considering the increasing relevance of cellular agriculture due to overpopulation, an event was organised by Mountain Consulting at the Columbus Hotel on Thursday 4th April, bringing experts in the field together with investors. 

Among the participants were three leading companies within the cellular agriculture industry: Agronomics – a prominent London-listed VC firm, Onego Bio – innovating with animal-free egg white protein through fermentation, and Meatly – a pet food provider developing sustainable, cultivated meat from a single chicken egg cell.

“Real game-changer”

There are also vertical farms that show potential in the industry, however, “you cannot feed the population on leafy greens,” remarked Anthony Chow, co-founder of Agronomics. “This makes cellular agriculture the real game-changer, as the meat and other produce have the same sensory profile and flavour as the real conventional proteins.” 

Maija Itkonen, CEO and co-founder of Onego Bio, backed up the sentiment, saying “A benefit of cellular agriculture is that it is respectful and still profitable.”

Navigating the future of cellular agriculture

As it is a relatively new concept, cellular agriculture must undergo its challenges in facing regulatory hurdles, although progress is being made in countries like Singapore, the US, India, and Australia. “What happens in the food industry is on a scale that is quite hard to contemplate, so we are going to need a lot more scale to become more competitive with conventional agriculture,” Chow revealed. 

Another challenge is price, considering alternative proteins are not yet cost-competitive with conventional agriculture.

Regarding the future of cellular agriculture, Chow forecasts an accelerated adoption because sustainable food production will be necessary in feeding the growing global population. “Once we navigate through these challenges, we’ll see a rapid expansion in just a few years,” concluded Chow.

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