Business & Finance
Olivier Wenden appointed Director of Prince Albert II’s Cabinet
Prince Albert II has appointed Olivier Wenden as the new Director of the Prince’s Cabinet, one of the most senior positions in Monaco’s government structure.
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"Regulation is not the enemy of business"
Close to 100 key economic players were reminded of Monaco’s strict rules on money laundering and the financing of terrorism and corruption at a recent high-level meeting.
Strong GDP growth
Monaco’s GDP saw a rise in 2019 to €6.63 billion compared to €6.09 billion the previous year, exhibiting a strong 7.5% growth in volume, adjusted for inflation.
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.
