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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Economic relief proposals for businesses during lockdown
The government is releasing a purse of €50 million as a counter-guarantee from the state requested by company owners who fear for their survival during the Covid-19 lockdown period.
The power of intelligence
We are at the start of a new technological age, which is being driven by the increasing power and cognification of artificial intelligence (AI), a powerful technology that has the potential to...
Compensation for childcare during the crisis
As school closures force parents to stay home to mind their children, the government has set out to explain how families will be compensated for these unplanned work stoppages.
Monaco declares €50 million economic package
The Monaco Government has announced that it will release €50 million to counteract the impact of the Covid-19 crisis.
Economic impact spreading faster than Covid-19
As Italy goes into lockdown and tourism businesses enter a tail-spin, there are calls for governments to put as much effort into halting the economic impact of Covid-19 as treating the health crisis.
Port Palace hotel under new ownership
French property investor The Madar Group has just bought the Port Palace from Lofti Maktouf. Their plan is to update the hotel to meet the expectations of today’s savvy young clientele.
