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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Catherine Fautrier speaks about new life in Madrid
Catherine Fautrier’s career has taken her from China to Australia, and now to Madrid to serve as Monaco’s new Ambassador to Spain.
Bonus offered for home renovations
The Monegasque government is encouraging owners and tenants to give their homes a make-over by offering a “renovation bonus” as part of the State’s plan for economic recovery.
Which nations are tempting HNWIs through tax relief and Golden Visas?
Italy has seen an influx of high-net-worth individuals (HNWIs) from around the globe, keen to take advantage of a recently introduced tax policy providing income tax relief.
1st quarter results show 74% loss in turnover
The health crisis is thwarting the recovery efforts of Monaco’s largest employer, SBM, which saw profits plummet this summer ahead of a “very difficult” winter.
Tourism in Monaco “less gloomy” than predicted
The summer tourist season was better than expected thanks to the loyalty of French, Swiss and Italian visitors, according to the latest figures by the Tourism and Congress Department.
Inside Monaco's major development sites
Minister of State Pierre Dartout has toured the main construction sites of the Principality, taking stock of the major developments that are currently under way.
