Business & Finance
Monaco’s SBM reports strong half-year earnings, boosted by hospitality and real estate
Monaco’s state-linked hospitality and gaming group, Société des Bains de Mer (SBM), has posted robust earnings for the first half of its 2025/2026 financial year, with revenue climbing 10% year-on-year to €542.5 million.
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Government steps in to negotiations
Government Ministers Jean Castellini and Didier Gamerdinger have met the inter-union representatives of the SBM to discuss the company's overall restructuring plan.
Monaco-Luxembourg cooperation
Cryptocurrencies and blockchain were among the topics discussed between Monegasque financial representatives and those in Luxembourg last week, ahead of a MOU signing.
Money laundering tops National Council agenda
The National Council spent Wednesday discussing Bill No. 1008 and a report compiled by Thomas Brezzo concerning money laundering, terrorism financing and corruption.
Using sustainability to regain ground
Faced with a 63% “free fall” in hotel revenue, Monaco’s Tourism and Congress Department plans to reconquer the market by placing sustainability at the heart of its global strategy.
MEB business awards
The 9th Eco Club Trophies have been awarded to local businesses that have “adapted to an unprecedented context by demonstrating resilience and creativity”.
IMSEE: Turnover down €1.2 billion
New third quarter figures show that an uptick in activity over July and August was not enough to improve Monaco’s economic situation, with almost all sectors showing significant losses.
