Business & Finance
Brought to you by: Monaco Life
The global fitness industry is worth roughly €100 billion a year, an enormous sector which was effectively shut down last month as fitness studios and gyms closed their doors amid the coronavirus pandemic.
While the crisis has been catastrophic for the physical fitness industry, it has provided the digital fitness industry with fertile ground to penetrate the market and establish itself as a long-term major player.
One such digital fitness device is Activ5, developed right here in the Principality by Dr. Kostadin Yanev and the team at Shibuya Productions.
Monaco Life spoke to MYS Director Gaëlle Tallarida to understand more behind the organisation of Europe’s largest, most prestigious yachting event during these unprecedented times.
Reactions to FEDEM’s request to annul a bill protecting employees from dismissal during the health crisis have come swift and hard from trade unions, the National Council and the Prince’s Government.
The European Commission has issued a new, and somewhat controversial, European budgetary proposal that includes a recovery fund to help coronavirus-battered economies rebound in the coming months and years.
The Principality’s employer’s union, the Federation of Monegasque Enterprises, has formally requested the government scrap a ban on dismissals and the obligation to allow employees to telework.