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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Interview: MonacoTech Director Lionel Galfré
Monaco Life talks to the director of the Principality’s business incubator about the importance of nurturing start-ups and what it means for Monaco.
Emergency unemployment benefits extended
The Monegasque government has announced it will be extending Reinforced Total Temporary Unemployment (CTTR) pay-outs until next spring in an effort to ease financial concers through the winter season.
Catherine Fautrier speaks about new life in Madrid
Catherine Fautrier’s career has taken her from China to Australia, and now to Madrid to serve as Monaco’s new Ambassador to Spain.
Bonus offered for home renovations
The Monegasque government is encouraging owners and tenants to give their homes a make-over by offering a “renovation bonus” as part of the State’s plan for economic recovery.
Which nations are tempting HNWIs through tax relief and Golden Visas?
Italy has seen an influx of high-net-worth individuals (HNWIs) from around the globe, keen to take advantage of a recently introduced tax policy providing income tax relief.
1st quarter results show 74% loss in turnover
The health crisis is thwarting the recovery efforts of Monaco’s largest employer, SBM, which saw profits plummet this summer ahead of a “very difficult” winter.
