Business & Finance
Monaco GDP surpasses €10 billion for first time
Monaco’s GDP rose to €10.28 billion in 2024, a record-breaking year driven by strong gains in financial, scientific and retail sectors, according to the latest figures published by IMSEE in November.
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Sophie Thevenoux heads new Financial Activities Supervisory Authority
Sophie Thevenoux has been appointed head of the newly formed Monaco Financial Activities Supervisory Authority (AMSF).
LVMH announces record revenue of more than €86 billion in 2023
CEO Bernard Arnault says the massive 13% year-on-year rise in revenue is down to the luxury goods group’s “ability to spark desire despite a year affected by economic and geopolitical...
New limits set for France’s wage garnishment system
The system that allows French creditors to seize a portion of a debtor’s wage until the balance is paid in full has been adjusted in 2024. Here are the new pay brackets and limits.
Tourist tax on Airbnbs in the south of France generated almost €40m in revenue in 2023
Over €13 million was collected in the Alpes-Maritimes alone, adding to a vast national pot of ‘taxe de séjour’ contributions generated by Airbnbs that reached more than €187 million for...
Electricity bills set to soar by almost 10% in France
Amid the storm of rising electricity bills, which will go up by nearly 10% in France come February, the French government has offered advice to households on how they can reduce their outgoings.
Robert Laure named new President of AMAF
Following in the steps of Etienne Franzi, who served as President of the AMAF for 25 years, is banking veteran Robert Laure.
