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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Monaco mourns death of former Chairman of Board of Auditors
The government of Monaco has announced the passing of one of their own with the death of James Charrier, former Chairman of the Monaco Board of Auditors from 2004 to 2016.
Monaco strengthens legislative arsenal against financial crime
The National Council has passed two bills to combat financial crime in Monaco. Among them, a widening of the scope of justice to confiscate capital and sanction fraudulent virtual currency transfers.
Work from home extended
The government has announced an extension of the remote working mandate in both public and private sectors until 4th March, thus prolonging the rule for two additional weeks.
2021 property report: market rebounds but still down
Monte-Carlo overtook Larvotto as the most expensive district to buy property last year, at €60,000 sqm. The annual property report also shows that 417 resale apartments fetched over €2 billion.
Marc Vassallo stepping in as new Secretary General
The position of Secretary General in the Prince’s government, left open by the retirement of Robert Colle, is being filled by the current Deputy Secretary General, Marc Vassallo.
National Council looks to a positive 2022
During his annual address to the press, National Council President Stéphane Valeri was optimistic for 2022, saying "there are reasons to hope that we can get back to a quasi-normal life.”
