The latest edition of Monaco Business News, published by FEDEM, the Monaco Federation of Employers, has as its main theme the topic of government aid to businesses.
As an example, a loan for new companies is reserved for Monegasques and spouses of Monegasques, provided that the activity concerned constitutes their only professional activity.
This form of help, established by Article 1 of Ministerial Decree No. 2004-261, is approved or not by a Commission chaired by the Minister of Finance and Economy. Funds can be used for rent and towards contributions to the Sickness Insurance Fund for Independent Workers (CAMTI) and the Self-Employed Pension Fund for Independent Workers (CARTI).
The beneficiary may also obtain an installation aid loan of up to €100,000 (and 80 percent of the value of the investment) for a maximum of ten years at a non-revisable rate equal to the 3-month EURIBOR rate at the date of the written request for the loan plus 0.75 points. A one-year grace period may also be granted. Objective of the loan: to assist in the fitting out and layout of the premises, the acquisition of the necessary furniture and equipment, the building up of the stock, and also the purchase of a right to a lease.
This loan can be prepaid without penalty at any time, with three months’ notice. However, it will have to be repaid immediately if the sums allocated are partially or otherwise used for other purposes if the beneficiary is in arrears for three instalments, if the business ceases or is sold.
Other grants and loans are available to Monaco-registered companies without the requirement of Monegasque citizenship, including grants towards projects that involve the use of solar energy and other renewable energy sources. Despite its title, Monaco Business News is available only in French.
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Ambassadors of Canadian gastronomy Daniel Vézina and his son Raphaël will be on hand to share their passion for great food and recipes with the students from the Monte-Carlo Technical and Hotel School from Tuesday, March 14 to Friday, March 17, during a week of Canadian Gastronomy.
This event is being organised in partnership with the Consulate of Canada in Monaco, represented by Mr Marc Devito, Honorary Consul of Canada in Monaco, in close collaboration with the Canadian Club of Monaco, chaired by Ms France Rioux, with the support of Ms Isabelle Bonnal , Director of National Education, Youth and Sports and Mr Jean-Marc Deoriti-Castellini, Principal of the Technical and Hospitality High School of Monaco.
This second part of the celebrations of the 150th anniversary of the Canadian Confederation highlights the affinities between Canada and Monaco, both of which are cosmopolitan cultures, open and with gourmet taste. The Canadian Gastronomy week is a close rapprochement between the Consulate of Canada in Monaco, working hand in hand with the Canadian Club of Monaco, and Monegasque institutions to pay tribute to one of the partner countries of the Principality.
Two gourmet meals at Restaurant Le Cordon d'Or (7 Allée Lazare Sauvaigo) offer the opportunity to meet the two chefs and to taste the dishes behind their reputations, all enhanced by exceptional French wines.
Seating is limited for both lunch Wednesday, March 15 at 12 pm (€75/per person) and the Gala dinner on Friday March 17 at 7:30 pm (€100/per person), and reservations are required with Nicole Dionne: ndionne22@gmail.com or 06 07 93 68 81.
