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9 new cases of Covid-19 were confirmed in Monaco on Friday, bringing the total to 42, including 1 who is now cured

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March 26, 2020 | Business & Finance

Only two hotels remain open

Written by: Cassandra Tanti

SBM has closed all of its hotels in Monaco except the Hôtel de Paris and the Monte-Carlo Bay Hotel & Resort, accommodating long-term guests and those who are unable to return home....

March 27, 2020 | Business & Finance

Salaried employees up 2.9% in 2019

Written by: Stephanie Horsman

Monaco’s private sector saw a 2.9% rise last year in workers holding full time contracts over the year before....

March 18, 2020 | Business & Finance

Monaco shuts down 13 construction sites

Written by: Cassandra Tanti

The government will be closing down all of its construction projects and road works by the weekend, however preparation works for the Monaco Grand Prix will continue.  ...

Business & Finance Daily

March 27, 2020 | Business & Finance

Salaried employees up 2.9% in 2019

Written by: Stephanie Horsman

Monaco’s private sector saw a 2.9% rise last year in workers holding full time contracts over the year before....

March 26, 2020 | Business & Finance

Only two hotels remain open

Written by: Cassandra Tanti

SBM has closed all of its hotels in Monaco except the Hôtel de Paris and the Monte-Carlo Bay Hotel & Resort, accommodating long-term guests and those who are unable to return home....

March 26, 2020 | Business & Finance

Cash bonus for those on the front line

Written by: Stephanie Horsman

Monaco’s Minister of State Serge Telle has revealed that a €1,000 bonus will be paid to all public service officials and agents who have been fully mobilised during the coronavirus crisis....

March 23, 2020 | Business & Finance

Digital applications for CTTR

Written by: Cassandra Tanti

Companies in the Principality who wish to apply for Reinforced Total Temporary Unemployment (CTTR) for their employees can now carry out the procedures online....

March 21, 2020 | Business & Finance

Monaco boosts recovery package

Written by: Cassandra Tanti

The Prince’s Government has presented additional economic support measures to the National Council for approval, saying it is listening to Monaco's business people....

March 18, 2020 | Business & Finance

Monaco shuts down 13 construction sites

Written by: Cassandra Tanti

The government will be closing down all of its construction projects and road works by the weekend, however preparation works for the Monaco Grand Prix will continue.  ...

March 18, 2020 | Business & Finance

Only workers to justify movement in Monaco

Written by: Cassandra Tanti

Monaco is not applying the same strict movement controls as France, however workers are now required to carry with them ‘professional justification’ forms....

Written by: Stephanie Horsman

The government is releasing a purse of €50 million as a counter-guarantee from the state requested by company owners who fear for their survival during the Covid-19 lockdown period....

March 17, 2020 | Business & Finance

Compensation for childcare during the crisis

Written by: Stephanie Horsman

As school closures force parents to stay home to mind their children, the government has set out to explain how families will be compensated for these unplanned work stoppages....

March 16, 2020 | Business & Finance

Monaco declares €50 million economic package

Written by: Cassandra Tanti

The Monaco Government has announced that it will release €50 million to counteract the impact of the Covid-19 crisis....

March 10, 2020 | Business & Finance

Economic impact spreading faster than Covid-19

Written by: Cassandra Tanti

As Italy goes into lockdown and tourism businesses enter a tail-spin, there are calls for governments to put as much effort into halting the economic impact of Covid-19 as treating the health crisis....

March 10, 2020 | Business & Finance

Port Palace hotel under new ownership

Written by: Stephanie Horsman

French property investor The Madar Group has just bought the Port Palace from Lofti Maktouf. Their plan is to update the hotel to meet the expectations of today’s savvy young clientele....

March 9, 2020 | Business & Finance

Markets weekly

Written by: Barclays

After Super Tuesday last week showed former vice president Joe Biden resurrecting his campaign and halting Bernie Sander’s progress, this Tuesday sees a flurry of state primaries and caucuses. ...

Written by: Staff Writer

Euromoney has announced Barclays Private Bank as the best private bank in Monaco for ESG/Impact Investing, according to its 2020 Private Banking and Wealth Management Survey....

Written by: Stephanie Horsman

Monaco’s trade professionals and government officials gathered together at the Welcome Office earlier this week to prepare for the launch of the 2020 Monaco Sunday Experience....

March 4, 2020 | Business & Finance

Decrypting the uncertainties of the world economy

Written by: Cassandra Tanti

Entrepreneurs in Monaco have heard that, while the current coronavirus epidemic is having immediate consequences, there are many other factors to consider when planning for the future....

Written by: Stephanie Horsman

A new report by real estate brokerage firms Douglas Elliman and Frank Knight reveals that Monaco is still the world’s most expensive city, where US$1 million gets buyers only 162 square feet of prop...

March 3, 2020 | Business & Finance

Digital documents have equal status

Written by: Stephanie Horsman

Since December 2019, digital and paper documents have had the same legal value under a new law. The government is now using this law to entice businesses and stimulate economic activity....

March 2, 2020 | Business & Finance

Monaco takes 20% stake Cap d’Ail Port

Written by: Stephanie Horsman

Monaco has acquired 20% of the capital of the Société du Port de Cap d’Ail, putting the country in a position to be part of the management of the harbour and it’s infrastructure in coming years....

March 2, 2020 | Business & Finance

Markets weekly

Written by: Barclays

The 34% of delegates up for grabs in the Democrat candidacy race on 'Super Tuesday' will be the main focus for investors this week. ...

February 27, 2020 | Business & Finance

Interview: Cédric Biscay, CEO Shibuya Productions

Written by: Cassandra Tanti

Cédric Biscay has just crossed off one of the top items on his bucket list: publish his own manga. He also managed to break three Guinness World Records without even trying....

February 27, 2020 | Business & Finance

Pictet opens Monaco branch

Written by: Stephanie Horsman

The Pictet Group has announced the opening of a banking branch in Monaco aimed at serving private wealth management clients living in the Principality....

February 26, 2020 | Business & Finance

Bitsa adds altcoin Monero to portfolio

Written by: Stephanie Horsman

The new Monaco-based cryptocurrency start-up Bitsa has expanded its prepaid debit card with the privacy-focused altcoin Monero (XMR)....

February 26, 2020 | Business & Finance

Interview: Anastasios Economou

Written by: Cassandra Tanti

This July, Anastasios (Tassos) Economou will take over as chairman of YPO, a global community of chief executives driven by the belief that the world needs better leaders....

February 25, 2020 | Business & Finance

Markets weekly

Written by: Barclays

As financial markets approach the end of February, the growth seen in the final three months of 2019 (Q4) takes centre stage....

February 24, 2020 | Business & Finance

The MEB’s mission to Novosibirsk

Written by: Cassandra Tanti

The Monaco Economic Board has braved the cold to take its member companies to Novosibirsk, the heart of Russia’s 'Silicon Valley'....

February 17, 2020 | Business & Finance

Markets weekly

Written by: Barclays

This week’s key macroeconomic data for the main developed economies start on Tuesday with the UK’s December unemployment figures....

February 15, 2020 | Business & Finance

Hôtel de Paris earns 5th star

Written by: Stephanie Horsman

The Hôtel de Paris Monte-Carlo has received a 5th star, the highest level, in the international rankings of the esteemed Forbes Travel Guide 2020....

February 14, 2020 | Business & Finance

ASM welcomes new additions

Written by: Cassandra Tanti

AS Monaco has announced the arrival of Markus Breglec and Tyson Henly as Chief Marketing Officer and Chief Commercial Officer respectively....

February 13, 2020 | Business & Finance

Moët Hennessy goes ‘green’

Written by: Stephanie Horsman

Moët Hennessy has just announced they will be shifting to organic and sustainable practices, going so far as creating a ‘University of Living Soils’....

February 10, 2020 | Business & Finance

Markets weekly

Written by: Barclays

The financial markets’ focus this week will remain divided between economic fundamentals and the uncertainty around the coronavirus outbreak. On the data front, the week is due to be relatively quie...

February 6, 2020 | Business & Finance

Ukraine oligarch buys €200m villa

Written by: Cassandra Tanti

Ukraine’s richest man Rinat Akhmetov has been revealed as the mystery buyer of a historic €200 million villa in Saint Jean Cap Ferrat....

February 5, 2020 | Business & Finance

Planning for family succession

Written by: Mark Estcourt

Mark Estcourt talks about the importance of families and their professional advisors to remain focused on planning for succession. ...

February 5, 2020 | Business & Finance

Monte-Carlo Casino receives two awards

Written by: Cassandra Tanti

The Monte-Carlo Casino has retained its position as the world’s leading gaming venue, taking out ‘Casino of the Year 2020’ and ‘Best Gaming Operator UK & Europe 2020’ by ICE London....

February 4, 2020 | Business & Finance

Electric car brand Venturi celebrates 20th year

Written by: Stephanie Horsman

Twenty years ago, when Gildo Pastor first acquired the French firm Venturi and made the decision to switch to building electric cars, no one thought he’d succeed. Boy, were they wrong....

February 3, 2020 | Business & Finance

2019 real estate trends

Written by: Stephanie Horsman

Despite a shortage of new properties, €2.8 billion worth of real-estate transactions took place in Monaco in 2019, with three-bedroom resale apartments doubling in value, according to IMSEE....

February 3, 2020 | Business & Finance

Markets weekly

Written by: Barclays

Survey data on the health of leading economies kicks off the week, with the final January purchasing managers’ index (PMI) readings from China, the eurozone, the UK and the US....

January 29, 2020 | Business & Finance

MEB in Mexico

Written by: Cassandra Tanti

The Monaco Economic Board (MEB) has been establishing business links in Mexico City, as partners of the Monaco Private Label event....

January 29, 2020 | Business & Finance

Interview: Fabrice Marquet

Written by: Cassandra Tanti

Fabrice Marquet talks to Monaco Life about developing the Principality’s first ever business incubator MonacoTech and moving on to his next venture, Monaco Foundry....

January 28, 2020 | Business & Finance

Clean Equity team announces two new collaborators

Written by: Stephanie Horsman

The sustainable technology innovation forum, Clean Equity Monaco 2020, will kick off its 13th edition at the Fairmont Monte-Carlo Hotel with some new faces as well as continued commitment from old par...

January 27, 2020 | Business & Finance

Markets weekly

Written by: Barclays

After a busy two weeks of quarterly corporate earnings data, this week has some key economic data points to watch out for....

January 24, 2020 | Business & Finance

Chimelong debuts as circus festival’s strategic partner

Written by: Cassandra Tanti

China's Chimelong Group has participated as a partner in the Monte-Carlo International Circus Festival for the first time ever, deepening the friendship between China and Monaco. ...

January 22, 2020 | Business & Finance

Casino Square to be renovated by Easter

Written by: Stephanie Horsman

Work has begun on renewing Casino Square and SBM President Jean-Luc Biamonti has stressed that, while the move is necessary to improve security, the glamorous look of Monaco’s most famous square wil...

January 22, 2020 | Business & Finance

Interview: Evgeny Denisenko

Written by: Cassandra Tanti

Monaco Life talks to Evgeny Denisenko about his new family office Apolis and the explosion of the private credit market....

January 22, 2020 | Business & Finance

MEB reveals rich program for 2020

Written by: Cassandra Tanti

More than 350 economic players came together for the first MEB Members Meeting of the year, during which a full calendar of events for 2020 was unveiled....

January 17, 2020 | Business & Finance

Markets weekly

Written by: Barclays

Company news will pick up pace this week, with fourth-quarter earnings being published for more than 800 companies. That said, key macro data and economic news will also remain on investors’ watch l...

January 14, 2020 | Business & Finance

Department of Labour expands e-services

Written by: Stephanie Horsman

The Monegasque Department of Labour is taking its commitment to the Extended Monaco programme to the next level with a restructured system for employees and job seekers....

January 14, 2020 | Business & Finance

Interview: Hervé Ordioni 

Written by: Cassandra Tanti

The CEO of Edmond de Rothschild Monaco talks about how the marketplace has changed since Prince Albert II took the throne....

January 12, 2020 | Business & Finance

MEB success in Portugal

Written by: Stephanie Horsman

The Monaco Economic Board (MEB) made its first foray into Portugal last week, looking to sign on potential business partners and investors....

January 10, 2020 | Business & Finance

Stephane Valeri reviews 2019, looks ahead to 2020

Written by: Stephanie Horsman

Monaco’s National Council President Stéphane Valeri has had his first meeting of the year with the press and took the opportunity to review the successes of 2019 and to present upcoming plans for 2...

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The Monte-Carlo Casino has retained its position as the world’s leading gaming venue, taking out ‘Casino of the Year 2020’ and ‘Best Gaming Operator UK & Europe 2020’ by ICE London.... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews https://monacolife.net/monte-carlo-casino-receives-two-awards/ ...

Two new digitalised sporting and training grounds have been unveiled in Monaco, providing free, easy to use exercise facilities for all ages in the Principality. The new MonaMove sports station and Parkour ground were officially inaugurated on Thursday 12th December by Counselor for Equipment, Environment and Town Planning Marie-Pierre Gramaglia, Chief Digital Officer Frédéric Genta, and former French international rugby player Sébastien Chabal. "These two new accessible and free spaces illustrate the development of sport for all in the city and will contribute to improving quality of life in a fun, free and connected way,” said Marie-Pierre Gramaglia. Sébastien Chabal's company Vivaciti has created the technology that allows users to connect to the MonaMove equipment via a mobile app. Through the placement of sensors on each apparatus, people will be able to measure their physical activity in real time and personalise their training with the exercise and thematic programs designed by Sébastien Chabal, including muscle strengthening, posture and stretching. ...... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews https://monacolife.net/new-digital-fitness-ground-is-free-for-all/ ...

Restoration works at the Prince’s Palace have unveiled hidden Genoese frescoes dating from the 16th century, prompting a major research project.... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews https://monacolife.net/forgotten-renaissance-frescoes-uncovered-in-palace/ ...

Dubbed ‘Suite Eleven’, the Monte-Carlo Bay Hotel & Resort has revealed that it will debut its new ultimate luxury “retreat” in April of this year.... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews https://monacolife.net/monte-carlo-bay-penthouse-goes-super-luxe/ ...

Prince Albert and Princess Charlene of Monaco have welcomed the Principality’s new Archbishop during an official ordination on Sunday at the Cathedral of Monaco.... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews https://monacolife.net/archbishop-david-is/ ...

Opinion: My homeland is burning, here’s how the world is responding Australia always seemed untouchable, immune to the problems of the world. But now I watch in horror and disbelief as monstrous fires consume the very heart and soul of my homeland – its bush, its native wildlife, and its heroes.... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #australia #australianbushfires #bushfiresaustralia #saveaustralia #victoriabushfires #nswfires #monaconews https://monacolife.net/opinion-my-homeland-is-burning-heres-how-the-world-is-responding/ ...

Palace welcomes children for Christmas Monaco’s youngest citizens have been treated like little princes and princesses at the annual kids Christmas bash at the Palace, a tradition started by Princes Grace more than 50 years ago... #Christmasinmonaco #MonacoLifenews #monaconews #monacopalace #PrinceAlbert #princesscharlene #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews #hshprincealbertii https://monacolife.net/palace-welcomes-children-for-christmas/ ...

Academy Award nominated actress Uma Thurman will present HSH Prince Albert with a Lifetime Achievement Award at the upcoming Hollywood for the Global Ocean Gala.... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews #monaco #monacolife #monaconews #montecarlo #newsmonaco #PrinceAlbert #PrinceAlbertfoundation #PrinceAlbertIIofmonaco https://monacolife.net/hollywood-rallies-behind-prince-albert/ ...

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An incredible 12-month time lapse video showing the creation of Monaco’s mammoth land extension project has just been released.... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews https://monacolife.net/new-video-shows-the-makings-of-land-extension/ ...

HSH Prince Albert II, Princess Charlene and the twins were front and centre at the Saint Dévote celebrations held earlier this week, with Prince Jacques and Princess Gabriella sporting fashionable sunnies and charming the crowds.... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews https://monacolife.net/the-princely-family-celebrates-saint-devote/ ...

The International Circus Festival is in town! #monaco #monacolife #monacolife_ #monaconews #internationalcircusfestival #montecarlocircusfestival #bigtop # monacoevents ...

Work has begun on renewing Casino Square and SBM President Jean-Luc Biamonti has stressed that, while the move is necessary to improve security, the glamorous look of Monaco’s most famous square will be maintained.... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews https://monacolife.net/casino-square-to-be-renovated-by-easter/ ...

As part of Saint Patrick’s Day celebrations, the Philharmonic Orchestra of Monte Carlo will be staging a special concert in homage to the late Princess Grace.... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews https://monacolife.net/princess-grace-concert/ ...

The architecturally exciting new home of the International University of Monaco has been officially inaugurated by H.S.H. Prince Albert II and National Council President Stéphane Valeri. After the traditional cutting of a red ribbon and the unveiling of an inaugural plaque, participants visited the 2,000 m² site, which encompasses ultra-modern and intelligently connected classrooms, meeting rooms and study spaces. Director General of the University Jean-Philippe Muller thanked Prince Albert for his support since the IUM was established in 1986. The University also acknowledged that assistance of the Department of the Interior when the idea of the IUM leaving its premises at the Stade Louis II arose almost two years ago. According to a statement from the IUM, the size of the new Stella campus will allow the university to reach its growth objective, which is 800 students within a few years, up from the current 650 students today. Jean-Philippe Muller said he is also very optimistic about the future of the IUM in the district of Condamine, saying he hoped "that the next 33 years at Stella will be as fruitful as the 33 past years at Stade Louis II." The next goal for IUM is to obtain, from 2020, the prestigious AACSB accreditation that would allow it to join the ranks of the 796 best international business schools. Top photo: accompanying H.S.H. Prince Albert II from left to right are Stéphane Valéri, president of the Conseil National, Dr Jean-Philippe Muller, General Director of IUM, and Patrice Cellario, Conseiller de Gouvernement pour l’Intérieur. Copyright: Prince's Palace, Gaëtan Luci. #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews https://monacolife.net/the-ium-inaugurates-its-new-premises/ ...

Prince Albert has established a monitoring committee to manage the Covid-19 crisis in Monaco after a call by the National Council for a collaborative approach.... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews https://monacolife.net/council-and-government-join-forces/ ...

Monaco is pushing for France and Italy to increase their train services for workers travelling in to and out of Monaco each day.... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews #monaco #monaconews #trainsFrenchriviera #trainsmonaco #transportmonaco #traveltomonaco https://monacolife.net/boosting-train-services-to-monaco/ ...

Prince calls for environmental action in NYE address HSH Prince Albert II has pleaded for everyone to do their part to protect the Earth and the environment in his annual New Year’s Eve address to the people of Monaco.... #monacolife_ #monacotrendy #monacolife #monacocelebrity #monacofood #monacosports #monacoluxury #monaconews https://monacolife.net/prince-calls-for-environmental-action-in-nye-address/ ...