Business & Finance
Monaco’s GDP doubles in a decade: which industries are fuelling the Principality’s growth?
Monaco’s economy has almost doubled in size over the past decade, with GDP soaring from €4.94 billion in 2013 to €9.24 billion in 2023, according to the latest IMSEE data. This rapid growth, in stark contrast to slower recoveries across Europe, positions the Principality as an economic powerhouse driven by high-value industries.
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Monte-Carlo Beach rewarded for green initiatives
Monte-Carlo Beach has take out the Special Prize in the Green category of the Hotel & Lodge Awards, recognition of the establishment’s dedicated commitment to sustainability.
End of CTTR, EPCP and Carlo support coming soon
As the impact of the pandemic on Monaco recedes, the government has set a date for an end to its financial support for employers and workers as well as remote working.
Private sector employment rebound
A new report by IMSEE shows that the number of active private sector employees rose by over 2,000 in 2021 compared with the previous year, marking a return to pre-pandemic levels.
Goldman Sachs now offers crypto options “over the counter”
New York-based Goldman Sachs has made its first over the counter crypto options trade, marking its increase in digital asset holdings to investors.
MEB makes strides at Dubai International Yacht Show
The Monaco Economic Board had a grand showing at the Dubai International Boat Show alongside other yachting players to promote Monaco’s advantages and explore new trade opportunities.
Monaco’s economic rebound of 2021
A Q4 report by IMSEE shows that Monaco’s revenue, excluding financial and insurance activities, exceeded €16 billion in 2021 for the first time ever, while the average property price per square...
