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-Luxembourg cooperation
Cryptocurrencies and blockchain were among the topics discussed between Monegasque financial representatives and those in Luxembourg last week, ahead of a MOU signing.
Money laundering tops National Council agenda
The National Council spent Wednesday discussing Bill No. 1008 and a report compiled by Thomas Brezzo concerning money laundering, terrorism financing and corruption.
Using sustainability to regain ground
Faced with a 63% “free fall” in hotel revenue, Monaco’s Tourism and Congress Department plans to reconquer the market by placing sustainability at the heart of its global strategy.
MEB business awards
The 9th Eco Club Trophies have been awarded to local businesses that have “adapted to an unprecedented context by demonstrating resilience and creativity”.
IMSEE: Turnover down €1.2 billion
New third quarter figures show that an uptick in activity over July and August was not enough to improve Monaco’s economic situation, with almost all sectors showing significant losses.
Interview: Flying high with Thierry Boutsen
From racing the world’s fastest cars to selling the planet’s most expensive private airplanes, Thierry Boutsen has always been a man on a mission.
