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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New Ambassadors welcomed
It’s been a month of diplomatic accreditations, with several ambassadors officially presenting their credentials in Monaco and internationally.
Half year balance sheet takes stock of crisis
The crisis brought about by Covid-19 cost the Principality €900 million in profits for the first half of the year, the latest report from IMSEE has revealed.
New Italian Ambassador
Giulio Alaimo has presented his credentials as the new Ambassador of Italy to Prince Albert.
Business climate continues to decline
The latest survey by IMSEE has revealed that the business climate continued to weaken in July, though retail trade and the auto commerce and repair sectors saw slight improvements.
Oleg Petrov elected to LFP Board
AS Monaco’s Vice-President and CEO has been elected as the newest Board of Directors Member for the League of Football Professionals.
Gérald Mathieu takes up new position
Barclays announced on Tuesday that it has appointed Gérald Mathieu as Head of Private Bank Europe, Monaco and Switzerland, with immediate effect.
