Business & Finance
Monaco’s €660 million yachting boom outpaces wider economy
New figures show the considerable economic weight of yachting in Monaco, with growth driven particularly by yacht brokerage, specialist technical services and an expanding network of businesses supporting the international superyacht industry.
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Annabelle Jaeger-Seydoux appointed new director of MonacoTech
Annabelle Jaeger-Seydoux takes over as director of MonacoTech, succeeding Chloé Boscagli to lead the Principality's startup incubator.
The €5.2 billion industry Monaco doesn’t talk about
Wholesale trade generated €5.2bn in Monaco in 2025, over a quarter of the non-financial economy and its largest sector by revenue, proving more resilient than the wider economy despite a 3.1% dip.
Superyacht sales surge to €4 billion ahead of Monaco Yacht Show
The most valuable yacht sold during the period was Feadship’s 100.7-metre Moonrise, which had an asking price of €325 million when the transaction was completed in under six months.
Laurent Puons departs Monaco Mediax as Amparo Di Fede takes the helm
Monaco Mediax, the company behind the Monte-Carlo Television Festival and Sportel, has appointed Amparo Di Fede as General Director following the departure of Laurent Puons.
Prince Albert appoints Chloé Boscagli as Cabinet adviser
Chloé Boscagli, who has led Monaco's incubator MonacoTech, will join the Cabinet of Prince Albert II as an Adviser from 1st September, after a career spanning law, SBM and the Principality's...
Monaco and Mauritius forge diplomatic ties, united by the ocean
Monaco and Mauritius have established diplomatic relations, signed at the UN in New York. The two small states share a focus on the ocean, Mauritius governing one of the world's largest maritime...
