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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Brexit and VAT explained for Monegasque companies
When the UK officially left the European Union on 1st January 2021, the concept of intra-community transactions between Monaco and the UK, which are exempt of VAT, ended.
CSM signs finance deal with coral molecule maker
The CSM has become the first public entity to take an interest in a private company, signing a financial deal with startup Coraliotech for its work applying coral molecules to human health.
Government launches Monaco Boost incubator
Monaco’s entrepreneurial eco-system has received a major “boost” thanks to the opening of another government funded start-up incubator capable of supporting 108 businesses.
Overcoming gender bias in financial system
New research from Barclays Private Bank shows that the next generation of HNW women are set to change family and banking dynamics as their share of global wealth steadily increases.
Restaurant closures amid police blitz
A major control by authorities in Monaco has found that a third of the cafés and restaurants were in breach of strict health controls, while four were shut down for repeated offences.
Government steps in to negotiations
Government Ministers Jean Castellini and Didier Gamerdinger have met the inter-union representatives of the SBM to discuss the company's overall restructuring plan.
