Business & Finance
Bernard Arnault acquires legendary Cap Estel in Èze for €200 million
Bernard Arnault, CEO of LVMH, has acquired the legendary Cap Estel in Èze through his holding company Groupe Agache, in a deal worth an estimated €200 million.
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New division to help businesses
The government has created a ‘Covid-19 Businesses Unit’ to help companies affected by the health crisis, as well as a general information web page in English for citizens of the Principality.
Trader's union wants blanket rental relief
The president of Monaco’s Trader’s Union is calling on the government to step in amid complaints that private owners are not offering rental relief for small businesses in the Principality.
Salaried employees up 2.9% in 2019
Monaco’s private sector saw a 2.9% rise last year in workers holding full time contracts over the year before.
Only two hotels remain open
SBM has closed all of its hotels in Monaco except the Hôtel de Paris and the Monte-Carlo Bay Hotel & Resort, accommodating long-term guests and those who are unable to return home.
Cash bonus for those on the front line
Monaco’s Minister of State Serge Telle has revealed that a €1,000 bonus will be paid to all public service officials and agents who have been fully mobilised during the coronavirus crisis.
Digital applications for CTTR
Companies in the Principality who wish to apply for Reinforced Total Temporary Unemployment (CTTR) for their employees can now carry out the procedures online.
