Business & Finance
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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.
China's Chimelong Group has participated as a partner in the Monte-Carlo International Circus Festival for the first time ever, deepening the friendship between China and Monaco.
More than 350 economic players came together for the first MEB Members Meeting of the year, during which a full calendar of events for 2020 was unveiled.
Company news will pick up pace this week, with fourth-quarter earnings being published for more than 800 companies. That said, key macro data and economic news will also remain on investors’ watch list.
The Monegasque Department of Labour is taking its commitment to the Extended Monaco programme to the next level with a restructured system for employees and job seekers.