Business & Finance
Brought to you by: Monaco Life
The Monaco Economic Board (MEB) made its first foray into Portugal last week, looking to sign on potential business partners and investors.
The Embassy of Monaco in Portugal and PwC Portugal teamed up on 8th January to gather together top business leaders from Monaco, Portugal and South America, primarily Brazil, at the Blue Economy Conference in Lisbon.
The MEB was able to present the Principality’s many assets and advantages to a large crowd of entrepreneurs and decision makers from family offices to highlight why Monaco is the place to be. MEB member Pieter Abts shared his success story of setting up a family business in the Principality nearly a decade ago, encouraging others to follow suit.
This initial contact has opened the doors for successive meetings, ideally cementing new relationships and creating new opportunities for Monaco businesses in Portugal, as well as opening doors for business to come to the Principality from there.
This is the first trip they have organised since their success in South Korea in December.
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”.
Monaco’s self-employed entrepreneurs will have access to a minimum monthly income as part of the government’s new economic measures, effective immediately.
The Prince’s government has announced another raft of economic measures to support employees impacted by the Covid-19 crisis.