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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Helping students navigate a path to success
For 11 years, the Commission for the Integration of Graduates has been helping students prepare for and enter the workforce. So, how did 2020 shape up?
Monaco Boost making progress
Monaco Boost is now on its way to becoming a reality, with the allocation of space within the incubator to Monegasque entrepreneurs.
Subsidy offered to green leaning businesses
The government is offering a grant of up to €6,000 for businesses who undertake upgrades using eco-friendly materials, in support of the environment and the economic recovery plan.
Monaco and Israel join forces to support innovation
MonacoTech and Israeli firm Capsula TAU are collaborating to support start-ups and accelerate their development, creating business opportunities between the two countries.
Life after the Covid crisis
The National Council has presented to the government its health crisis exit strategy, saying Monaco should be a role model in how it emerges from this unprecedented situation.
Monaco Telecom signs tower purchase deal
Monaco Telecom and Phoenix Tower International have signed an agreement for the purchase of over 800 wireless towers across Malta and Cyprus, boosting the company's 5G and fibre capabilities.
