Business & Finance

Latest news

2021 budget goes into the red

For the first time since 2015, Monaco’s budget will be in deficit to the tune of €114.5 million. However, spending will continue in key areas in the Principality. 

New Managing Director of Fairmont

Fairmont Hotels and Resorts has announced the appointment of Pierre-Louis Renou as their new Managing Director of the Fairmont Monte-Carlo.

Transferring wealth between the generations

New research from Barclays Private Bank shows that building trust between generations will shape the success of wealth transfer among HNW families over the coming years.

MEB and Nice strengthen partnership

The Monaco Economic Board and Nice CCI have signed a partnership agreement that “translated into concrete actions” at the recent Monaco Business Expo.

CleanEquity: Capitalising on the energy transition

According to experts, now is the time for entrepreneurs and investors to take advantage of the energy transition and jump on board the EU's ambition to be a global leader.

Less hours, same pay under proposed new labour law

Employees in Monaco will be able to have their hours reduced while maintaining full financial support from the State in the government’s latest bid to avoid layoffs due to the Covid crisis.