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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Gently-used luxury handbag seller arriving in Monaco
Sellier Knightsbridge has announced the upcoming opening of a Monaco location, a first for the luxe pre-loved retailer outside of the UK.
Free use of public spaces to continue
The government is allowing shops and restaurants to expand their services on to terraces free of charge through the month of September to help boost summer trade.
CTTR scheme extended, under new conditions
Reinforced Temporary Total Unemployment has been extended in the Principality until 30th September to assist in recovery during the summer season.
MEB resumes economic missions in show of "recovery and optimism"
After a quiet pandemic year, the Monaco Economic Board and its members have hit the road again, this time heading to Florence, Italy for an economic mission.
Remote working a permanent option for CMB staff
Local private bank CMB Monaco has announced that it will continue to allow its employees to work from home even as Covid restrictions are being lifted.
Marking 15 years of diplomatic relations between Monaco and Russia
The government of Monaco has sent a message to Russia acknowledging 15 years of diplomatic relations and committing to further strengthen ties in the years ahead.
