Business & Finance
Brought to you by: Monaco Life
The Monaco Economic Board has met with Serge Pierryves, Director of the Economic Development Department, and his colleagues to strengthen collaborations and learn more about the role of each group.
In its mission to find investors for Monaco, the MEB has a responsibility to “perfectly master the formalities and processes of business creation in Monaco,” according to a press statement released by the group on Friday. “While the Welcome Office, which reports to the DEE, is the MEB’s main point of contact, it is also important to strengthen links with other services which are in contact with new arrivals.”
As a result, the MEB is strengthening its relationships with various departments in the Principality who are responsible for all aspects of business development, in particular financial aid such as grants and funds like EUREKA, and the acquisition of holdings by the State on innovative projects created in the Principality.
The meeting between the MEB and the Direction de l’Expansion Économique (DEE) was also an opportunity for the two to discuss the experiences of businesses during the health crisis and subsequent consequences. According to the MEB, it was “a rich dialogue which made it possible to appreciate the solidity of the Monegasque economy and to design tools to promote the revival of the Principality and its capacity for resilience.”
For Guillaume Rose, Executive Director General of MEB, “it is essential that the MEB teams know the different administrative entities which are in contact with the economic actors of Monaco, their role but also the people behind them, in order to help and orient our members if necessary. It is also a knowledge base for promoting an administration which is modernising for the benefit of businesses in the Principality.”
One of the world’s top forecasters, Christophe Barraud, has told an audience of Monaco entrepreneurs what he predicts the global economic recovery will look like in 2021.
The first quarter of 2021 was marked by the pandemic in Monaco, but not to the extent of the previous year, according to IMSEE’s latest report.
The MEB and the Italian Chamber of Commerce in Nice have signed an agreement that will provide members with new local and international opportunities as the recovery takes off.
AS Monaco has announced that it is the first club in League 1 to partner with Sokin, a FinTech service that’s already well established in the Premier League.