Business & Finance
Monaco strikes €150 million land swap deal to unlock new housing in Larvotto and Jardin Exotique
The Monaco Government and National Council have taken decisive, collaborative steps to ease the Principality’s housing crunch, exchanging prime public land in Larvotto for the opportunity to build up to 90 new state apartments in Jardin Exotique.
Read more
SBM reveals ambitious hotel renovations after 6% revenue surge
On the back of a very successful 2023/2024 fiscal year and a 6% increase in revenue, Société des Bains de Mer (SBM) President Delegate Stéphane Valeri has revealed plans to renovate two of...
Monaco establishes diplomatic relations with Micronesian nation of Nauru
The two ocean-loving nations of Monaco and Nauru, the world’s smallest official republic, have formally established diplomatic relations following a meeting at the United Nations headquarters in...
France overhauls unemployment benefits to curb spiralling budget deficit
Under the new scheme, compensation will be limited to a maximum of 15 months, down from 18, and people will have to have worked at least eight of the previous 20 months to qualify, instead of six of...
SBM workers strike during Grand Prix weekend
Monaco’s biggest employer, Société des Bains de Mer (SBM), and the government have both condemned a workers strike among SBM cashiers during the Monaco Grand Prix, pointing out that the workers...
France sets July deadline for property ownership declarations
The deadline for the 'déclaration d'occupation' has been set for 1st July, but only for property owners needing to make a change to their 2023 information.
Revenues in Monaco’s manufacturing sector reach almost €1 billion
Monaco's manufacturing and industrial sectors are recovering well from the pandemic years, but revenues are still down on the figures recorded a decade ago.
