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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Cyclist Chris Froome joins Board of Factor Bikes
Monaco-based professional cyclist Chris Froome has joined with Point King Capital and Skip Capital to invest in Factor Bikes, and has signed on to the company’s Board of Directors.
SBM donates fountain coins to Fight AIDS Monaco
The Société des Bains de Mer has handed over 115kg of coins collected in four fountains at the Carré d'Or to Fight Aids Monaco, equalling about €3,500 for the Princess Stephanie-led charity.
European Commission hands €289 million to Lithuania
The European Commission has given €289 million to Lithuania in pre-financing to kick-start investment and reform measures in the country as part of a major EU pandemic recovery plan.
Spain receives its share of EU RRF funding
Spain is among the first countries to receive its share of a €723.8 billion pandemic recovery fund, taking control of €9 billion in pre-financing.
Princess’ Foundation details 2020 achievements in annual report
Despite the pandemic and all the restrictions that it brought, the Princess Charlene of Monaco Foundation was able to move forward with several key projects on water safety and Covid prevention.
Italy next to receive first tranche of EU funding
As part of its pandemic-recovery plan, the European Commission has given Italy €24.9 billion in pre-financing, money that will go towards the country’s green and digital transitions.
