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 receives three new ambassadors
The Principality has welcomed three new ambassadors from Iran, Latvia and Honduras.
Gérald Mathieu named CEO Barclays Monaco
Barclays Monaco has announced that Gérald Mathieu will relocate to the Principality to take on the role of CEO while continuing to lead Barclays Private Bank, Europe and Middle East.
Reinsurance convention cancelled for 2nd year
The world’s longest running reinsurance convention, the Rendez-Vous de Septembre, has been cancelled for the second year in a row due to pandemic fears.
Spotlight on successful women in business
Every March, International Women's Day shines a light on the challenges facing half of humanity, and this year the MEB wanted to give the floor to local female leaders.
Monaco holds top spot for real estate
Monaco remains the most expensive place on earth to buy property despite the Covid crisis, with an average price of €47,600 per square metre in 2020.
New partnership a boost for incubator and economy
Monaco Foundry has secured the investment of an historic Monegasque family, giving the business accelerator more chance to “empower the next generation and break the status quo”.
