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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Euro zone producer prices beat expectations
Euro zone producer prices rose in June on a monthly basis slightly more than expected, ending their falling trend started in February.
A&K appoint Michael Wale as new CEO
Geoffrey Kent and Manfredi Lefebvre d’Ovidio have named Michael Wale as the new President and CEO of the Abercrombie & Kent Group.
Update on local businesses
The first Retail Trade Observatory meeting has been held since lockdown to discuss government actions to jumpstart business and what local merchants are doing to make Monaco an attractive retail...
MV Agusta launches customisation store in Monaco
MV Agusta and champion Italian motorcycle racer Virginio Ferrari have launched the Monaco Design Studio, specialising in the design of unique, one-off models.
Outdoor heater ban
France plans to ban heaters used by restaurants and cafes on outdoor terraces from early next year, as it accelerates a shift to a low-carbon economy.
Government in talks with Monacair
Struggling Monegasque company Monacair has met with the government to discuss future plans.
