Business & Finance
What Monaco’s record-breaking GDP per employee really says about its economy
Monaco’s economy generated €152,277 per employee in 2024. But behind the headline figure is a story of sector strength, talent concentration, and a business model built for high-value productivity.
Read more
€280 million to cover Monaco’s workers
The Prince’s government has announced another raft of economic measures to support employees impacted by the Covid-19 crisis.
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.
