Business & Finance
Prince Albert II receives Council of Europe Secretary General ahead of Monaco’s historic presidency
Prince Albert II has received Council of Europe Secretary General Alain Berset at the Prince’s Palace, ahead of Monaco assuming the presidency of the Committee of Ministers for the first time since joining the organisation in 2004.
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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.
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.
