Business & Finance
Monaco’s 2024 finances soar with €193 million surplus and record revenues
The big story this year? A major leap in corporate income tax, which shot up by nearly 44%, adding more than €100 million to the state’s coffers.
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No end to soaring food prices in 2023
The alarming rises in the price of food and basic household items have prompted the French government to commission a special report. The causes for the increases are clear, but the solution is not.
Monaco examines new ways to draw in next generation of hospitality staff
After a record year for the industry, the post-pandemic challenge for Monaco’s hospitality sector has moved from economic recovery to finding the next generation of staff for its hotels and...
Behind the scenes of the Grimaldi Forum expansion
The Grimaldi Forum has revealed at a business tourism event in Barcelona a video preview of how the future building will look when it is double the size.
Iconic British shop on Riviera closes due to Brexit
Geoffrey’s of London and its wholesale branch, French UK Provisions, are to close their doors permanently after more than 30 years of trading. The cause? The “knock-on effort of Brexit” and...
EU bans import of products linked to deforestation
The European Union has reached a ground-breaking agreement to significantly reduce its role in global deforestation, greenhouse gas emissions and biodiversity loss via a ban on all imports of...
Monaco National Council agrees on concrete reforms to legal system
Monaco’s National Council has hurried in a series of new laws that will bring the Principality’s judicial processes up to date and in line with France, including mental health support for...
