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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Iqoniq secures €100m in new funding
Monaco-based startup Iqoniq has entered into a €100 million funding agreement to develop and expand its new sports fan engagement platform.
Talks to “limit social damage” at SBM Offshore
A restructuring plan by Single Buoy Moorings Offshore (SBM Offshore) in June has raised fears amongst employees that jobs will be cut. Talks are now underway between staff representatives and...
Stimulus measures to jumpstart construction sector
In an effort to support the construction sector, the Prince’s government has adopted stimulus measures to partially compensate for the delays caused by the closure of sites.
Borrowing jumps by 44% in 2nd quarter
Global buyers have borrowed €3.4bn to fund their luxury property purchases so far this year, according to new research from Enness Global.
YCM partners with YPI
The Yacht Club of Monaco has announced a partnership with Yachting Partners International as part of its `Monaco: capital of yachting’ project.
CMB named best private bank in Monaco
Compagnie Monégasque de Banque (CMB) has been given the top spot for Best Private Bank in Monaco for the third year running by World Finance.
