Business & Finance
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The government has bolstered some of the support systems it introduced recently for businesses in the Principality.
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.
The Maltese Communication Authority has approved a €250 million corporate contract between Monaco Telecom and Malta’s leading telecommunications company, Vodaphone Malta.
Monaco is reopening the Larvotto construction site to workers, saying the beach project is “essential for the development of the Principality”.
Venturi has unveiled its new model to compete in the third season of the FIA Formula E, which starts on October 9 in Hong Kong. The innovative electric racing car team, led by Monaco’s Gildo Pallanca Pastor, will have a chance to showcase the new car at a pre-season outing at Donington, the UK circuit.
Visually, the car has a new front aileron, but more importantly it has a lighter power train and an optimised gearbox. A long-term partnership with the German equipment supplier ZF was also announced. “We are very proud to have reached an agreement with the company that built its international reputation in the most prestigious championships, Formula 1, endurance, rally,” Gildo Pastor said. “This partnership will allow our team to continue to increase its capabilities.”
The 2016-2017 season includes twelve races with Monaco (13 May) and Paris (20 May), among them.