Business & Finance
Brought to you by: Monaco Life
Italian authorities have evacuated a migrant camp on the Italian border near Ventimiglia and taken its residents to a formal reception centre as numbers of African migrants continue to rise in the summer months, when sea crossings from North Africa are less dangerous.
The Sant’Antonio church had offered refuge to many migrants from sub-Saharan Africa. Maurizio Marmo, of the local branch of Caritas, an organisation linked to the Catholic Church, told French daily Le Figaro: “Between 31 May and mid-July, we welcomed 5,000 migrants here.”
For many residents of the Côte d’Azur, Ventimiglia is best known for its cheaper prices and Friday market, which attracts thousands of French visitors. But for many thousands of desperate refugees, Ventimiglia has become a stopping point on their way to France, and for many, to the ultimate goal of a better life in the UK.
Monaco’s private sector saw a 2.9% rise last year in workers holding full time contracts over the year before.
SBM has closed all of its hotels in Monaco except the Hôtel de Paris and the Monte-Carlo Bay Hotel & Resort, accommodating long-term guests and those who are unable to return home.
Monaco’s Minister of State Serge Telle has revealed that a €1,000 bonus will be paid to all public service officials and agents who have been fully mobilised during the coronavirus crisis.
Companies in the Principality who wish to apply for Reinforced Total Temporary Unemployment (CTTR) for their employees can now carry out the procedures online.
The number of unemployed fell by 74,000 in France, down 0.3 points compared to the first quarter to 9.9%, according to the Insee statistical institute.
The unemployment rate finally fell below the 10% mark that the deeply unpopular President Francois Hollande has been targeting. The unemployment rate continues the decline it began in the third quarter of 2015. In one year, the unemployment rate has fallen by 0.5 points.
All ages have benefited from this improvement, but this is even more pronounced among young people (-0.4 points on a quarter), an age group particularly affected by short contracts. However, the fall in the number of jobless is unlikely to work to the benefit of the President’s poll ratings, with 88 percent of voters disapproving of his performance at the start of July.