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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No shuttle service this year
The long-awaited Nice to Cap d’Ail boat shuttle service that is set to provide crucial transport for cross-border workers has been delayed, again.
Unite Monaco to bridge gap to new UAE markets
Unite Monaco is bringing together serious heavy-hitters this July at the YCM to open business leads with the Middle East, give access to new markets and raise capital.
New call out to Monegasque entrepreneurs
Monaco Boost has put out its second call for applications, seeking Monegasque entrepreneurs to take advantage of the incubator’s workspaces and networking opportunities.
Pandemic halves SBM revenue in 2020/21 fiscal year
Monaco’s largest employer, SBM, has reported revenues of €336.9 million compared to €618.8 million the previous year, amid a major restructuring and cost-saving plan.
MonacoTech signs partnership with Canadian accelerator
MonacoTech has announced its third partnership with an international incubator, this time with ACET in Canada.
Whistleblower being extradited back to Monaco
Jonathan Taylor, the oil industry whistleblower who himself was then accused of bribery and corruption, is being extradited back to Monaco after 10 months in Croatia.
