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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Commerce figures down in early 2020
The latest figures from IMSEE show that business was slightly down in both the retail and automotive repair sectors in February ahead of the coronavirus lockdown.
CMB initiates campaign for Princess Grace Hospital
The Compagnie Monégasque de Banque (CMB) has set up a fund-raising campaign to benefit the Princess Grace Hospital Centre of Monaco.
Strict legal requirements for Monaco's construction sites
Following news that construction has resumed at Monaco’s Larvotto beach development, the government has written into law strict safety measures to be employed at all construction sites across the...
Additional support for businesses
The government has bolstered some of the support systems it introduced recently for businesses in the Principality.
Barclays unveils aid for coronavirus relief
Banking giant Barclays has announced the launch of a £100 million package in an effort to help those most affected by the Covid-19 epidemic.
Monaco Telecom acquisition complete
The Maltese Communication Authority has approved a €250 million corporate contract between Monaco Telecom and Malta’s leading telecommunications company, Vodaphone Malta.
