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 enters into tax treaty with UAE
Monaco has signed a bilateral tax agreement with the UAE to prevent tax evasion and eliminate double income tax, an historic moment that was witnessed by the Princes of both States.
AMF President talks crypto currency
The President of the French Financial Markets Authority has told a luncheon debate in Monaco that crypto currencies and other digital assets should be regulated at the national level.
MEB presents Monaco labour market’s strong points
Monaco has seen a 60% growth in its tech sector over the past decade, it was revealed at a recent MEB event where the Principality’s employment opportunities were laid out.
CFM Indosuez donates €50,000 for students in need
CFM Indosuez Wealth Management has renewed its support for the charity AMADE with a donation to support two education projects for young people from modest backgrounds.
GDP per employee was €106,719 in 2020
Monaco’s GDP fell by a significant 11.8% last year as Covid took its grip on the Principality, according to a new report by statistics group IMSEE.
Simplifying customs in a post-Brexit world
A new customs office has been inaugurated on Port Hercule and Franzosini Monaco has become the first to be granted customs clearance declarant permission in Monaco.
