Business & Finance
Average private sector salary in Monaco reaches €5,195 a month
Monaco’s average private sector salary rose to €5,195 a month in 2025, up 5.4% on the previous year, with finance the top-paying sector and a persistent gender gap at senior levels.
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Shop re-openings for Christmas far from certain
Despite the current lockdown showing some positive results, French Industry Minister Agnes Pannier-Runacher says a blanket re-opening of stores in time for the holiday rush is not a foregone...
MEB’s e-mission to Russia
The Monaco Economic Board hosted its first ever economic e-mission with Russian entrepreneurs this month, paving the way for future business opportunities with the country.
"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.
