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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Barclays Monaco: an active commitment to children
On September 28 at 2pm at the Cardio-Thoracic Centre of Monaco (CTCM), Francesco Grosoli, General Manager – Wealth & Investment Management EMEA and Monaco joined by Robin Reynolds,...
Monaco property buyer younger and non-European, says report
The typical buyer profile of Monaco homes is in flux, skewing younger, and leaning toward non-Europeans, according to a recent report by Knight Frank. Buyers from China, the Middle East, and Russia...
Monaco’s cross-border tax agreement approved
The European Council has approved the conclusion of an agreement with Monaco that will improve tax compliance by private savers, according to a press release from the Council. The agreement will...
Pound takes a dive, expats feel the hit
The dramatic fall in the value of the British pound, which started just after the Brexit vote on June 23 and picked up speed over recent days – plunging to a 31-year low against the USD in Asian...
Ireland blacklisted as tax haven
Ireland has been added to a ”blacklist“ of tax havens by the Department of Federal Revenue of Brazil just weeks after the European Commission ordered Apple to repay €13 billion in back taxes to...
Reassurance from reinsurance at the Fairmont
Reinsurance firms meeting in Monaco this week at the 60th edition of Les Rendez-vous de Septembre believe that premiums will more or less stabilise in 2016 after five years of decline. The $600...
