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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National Council debates regulation of crypto
The last legislative session of 2021 was opened with the amendment to the Financial Activities Act of 2007, with a heavy focus on crypto currencies.
“Migrants are real agents of social change”
Cultural diplomat Prince Nereides Antonio Giamundo de Bourbon has inaugurated a new initiative called the NDB Opera project, a humanitarian endeavour aimed at educating and employing immigrants.
Local yacht broker sells one yacht every two days in 2021
Northrop and Johnson has broken its own record by selling 141 yachts so far this year, an average of one every other day, an exceptional feat in the current climate.
Monaco tourism targeting Middle Eastern travellers
A new campaign by the Tourism Department is aiming to attract more travellers from the Middle East, highlighting the Principality’s five-star accommodations as well as the overall glamorous...
Monaco venture capital funds new MedTech project
Med Claims Compliance Corporation has secured $5.7 million in Series A funding for their AI platform, Remit One, from healthcare venture capital funds and investors, including three from Monaco.
Laurent Anselmi appointed chief of staff in cabinet shakeup
Monaco’s Minister of External Relations and Cooperation Laurent Anselmi has been selected as Prince Albert’s new chief of staff as part of a total overhaul of his inner cabinet.
