Weather
25 ° C
25°C
18°C
Sunny Intervals
Breaking News

1 Covid case 23 Sep, 3 hospitalised, 2 in ICU, 15 home monitored, 3,234 recoveries, 35 deaths, 36 incidence rate, 77% eligible population vaccinated

Boosting business relations with small states

Boosting business relations with small states

By Staff Writer - June 4, 2019

The Monaco Economic Board has participated in the first Small States Business Forum in Becici. The event was attended by HSH Prince Albert II and organised on the sidelines of the 18th Small States of Europe games held in Montenegro.

Surrounding HSH Prince Albert II and Montenegro’s Economy Minister, directors of the Chambers of Commerce of the five countries attending the event. Left to right: Monaco, Montenegro, Andorra, Liechtenstein and San Marino. © Gouvernement Princier de Monaco

They are both coastal nations, enjoying a mild climate and mountainous interior. But these are not the only similarities between Monaco and Montenegro. Business links also exist between the two countries: in 2013 Montenegro’s Chamber of Commerce and the MEB signed an agreement, then in 2017 Monaco hosted a delegation of Montenegrin entrepreneurs.

Opening the Business Forum on Wednesday 29th May, Prince Albert highlighted synergies between the different states and their respective economies.

For Montenegro, its Economy Minister Dragica Sekulić took the opportunity to outline her country’s advantages, followed by Chamber of Commerce President Vlastimir Golubović who stressed Montenegrin areas of expertise.

Each country then had the chance to present their strengths and business opportunities, including innovation projects. As well as Monaco and Montenegro, representatives from Andorra, Liechtenstein and San Marino took the floor before the forum ended on a constructive round table discussion.

As for the MEB, its Executive Director General Guillaume Rose, and Monaco Invest Director Justin Highman, spoke about the economy and the MonacoTech centre of excellence, with emphasis on the  Extended Monaco – Smart Principality programme.

Several agreements were signed in the presence of Prince Albert, including a cooperation agreement with MEB counterparts in the Small States Chambers of Commerce and the Montenegro Chamber of Commerce, before Interior Minister Patrice Cellario signed a Double Taxation Treaty with Montenegro.

Participating countries can now move forward to develop closer ties with the Principality.

The next forum will be in two years’ time in Andorra.

shares
SHARE
Previous articleTerre and Métamorphoses: an exhibit by Philippe Pastor
Next articleAS Monaco Legends win against Greek 2004 European Champions

daily

September 24, 2021 | Local News

Monaco’s gastronomic adventures continue

Stephanie Horsman

Divine food and beautiful locations with amazing chefs over seven weeks is the hallmark of SBM’s latest culinary event, taking place from the end of September through to mid-January.

0
September 24, 2021 | Local News

Red and Whites unveil new organic garden

Stephanie Horsman

To kick off European Sustainable Development Week, AS Monaco is presenting its new organic vegetable garden intended to help the team boost performance.

0
September 24, 2021 | Local News

Call-out for Waste Reduction Week

Stephanie Horsman

A call for participation has been put out for those who would like to make a difference during this year’s European Waste Reduction Week under the theme ‘Circular Communities’.

0
September 23, 2021 | Local News

Monaco GP cut by a day

Stephanie Horsman

Formula 1 CEO Stefano Domenicali dropped a mini-bomb this week when he revealed on CNN that the Monaco GP will now take place over three days instead of four.

0