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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Monaco marine transporter reports better year
Monaco-based Scorpio Bulkers has announced its financial results for 2016, showing a much-reduced loss compared to the previous year. For the year ended December 31, 2016, the shipping...
Monaco Minister of Finance: Non-residents and the exchange of financial information
At a meeting with the press on Friday, December 16, Finance Minister Jean Castellini, reiterated Monaco’s commitment to implement the automatic exchange of financial account information in time to...
CFM Indosuez Wealth Management sells fraction of Monaco business
UPDATED 4:30 pm: CFM Indosuez Wealth Management has sold a fraction of its business in the Principality of Monaco, namely clients resident in African countries, to Compagnie Monégasque de Banque...
Bringing together innovators and investors in Monaco
Lightbridge Corporation, a US nuclear fuel technology firm, will be one of the presenting companies at CleanEquity® Monaco 2017 on March 9 and 10 at the Fairmont Monte Carlo. CleanEquity® Monaco is...
Tougher new rules for tax advisers
The UK’s tax collectors have new powers from January 1 to “name and shame” professional advisers who enable tax evasion. Advisers will be liable for fines of up to 100 percent of the tax...
Monaco still top of the prop
The latest Knight Frank Prime Global Cities Index has reconfirmed Monaco as having the most expensive real estate worldwide. The top-end agency reports that $1 million (€954,000) buys only 17...
