Business & Finance
Marriott hotel in Cap d’Ail sold to Swiss investment firm Achernar Assets
The Riviera Marriott Hotel La Porte de Monaco in Cap d’Ail has been sold by Schroders Capital to Swiss-based Achernar Assets in a deal reportedly worth €85 million.
Read more
Monaco’s graduates obtain “exceptional results”
The high school students of the Principality have gotten their Baccalauréat results and the numbers show another excellent year with 98.45% of students passing their exams.
Monaco’s economy claws back from global pandemic
After a deficit of €103.2 million in 2020, the Principality’s public finances are once again in the black, with the 2021 fiscal year showing a revenue surplus of around €8 million, largely...
King Philippe welcomes new Ambassador to Belgium
Monaco has sent Frédéric Labarrere to Belgium where King Philippe accepted his letters of credence for his new role as ambassador to the country.
Palais Honoria gaining more apartments and height
The Monaco Municipal Council has approved the addition of 12 more apartments to the Honoria Palace, currently under construction.
SBM completes online gambling transfer for hefty profit
Société des Bains de Mer has confirmed the sale of its 47% stake in Betclic Everest Group, a French online gambling company, in a deal that garners €710 million profit for Monaco’s largest...
“Biggest millionaire migration to come next year”
The UAE is set to overtake the US in attracting the largest number of emigrating millionaires in 2022, according to a new report, though Monaco still remains a very attractive option.
