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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Supporting a circular economy this Christmas
Carlo, the app that rewards buyers for local purchases, will be again offering gift vouchers to employers who wish to give their workers an end of year treat this holiday season.
Monaco start-up secures €3.7 million in funding
Monaco start-up YouStock has reached a major milestone with three major new investors, giving them the capital to expand not only in France, but also internationally.
Government unveils outline of 2022 budget
Minister of State Pierre Dartout has presented the Principality’s 2022 primitive budget, citing a positive balance and a “clear improvement” in the overall economic situation.
Francesco Grosoli: "We need to reverse the classic paradigm"
We talk to Francesco Grosoli, CEO of CMB Monaco, about the bank’s ambitious transformation plan and catering to the new generation of HNWIs.
New EU rules to strengthen banks' resilience
The European Commission on Wednesday adopted a review of EU banking rules, marking the final step in the implementation of the Basel III agreement.
New businesses to liven Larvotto district
The new commerce selected for the Larvotto complex have been revealed, and they include an Italian restaurant, a decoration store and a gym.
