Business & Finance
Monaco’s SBM eyes global luxury empire following LVMH playbook
The Principality’s largest private employer is pursuing a global strategy inspired by LVMH’s Bernard Arnault, with projects spanning Courchevel, Dubai and Saudi Arabia set to boost Monaco’s coffers.
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Additional support for businesses
The government has bolstered some of the support systems it introduced recently for businesses in the Principality.
Barclays unveils aid for coronavirus relief
Banking giant Barclays has announced the launch of a £100 million package in an effort to help those most affected by the Covid-19 epidemic.
Monaco Telecom acquisition complete
The Maltese Communication Authority has approved a €250 million corporate contract between Monaco Telecom and Malta’s leading telecommunications company, Vodaphone Malta.
Back to business at Larvotto construction site
Monaco is reopening the Larvotto construction site to workers, saying the beach project is “essential for the development of the Principality”.
Request for Extraordinary Minimum Income
Monaco’s self-employed entrepreneurs will have access to a minimum monthly income as part of the government’s new economic measures, effective immediately.
€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.
