Business & Finance
Brought to you by: Monaco Life
The Global Compact on Refugees turned two this year and Monaco joined other signatories to review strategies and plans for the future in aid of displaced persons and host countries around the world.
Photo of Isabelle Rosabrunetto, Director General of the Department of External Relations and Cooperation, source Monaco Government, DR
Monte-Carlo overtook Larvotto as the most expensive district to buy property last year, at €60,000 sqm. The annual property report also shows that 417 resale apartments fetched over €2 billion.
The position of Secretary General in the Prince’s government, left open by the retirement of Robert Colle, is being filled by the current Deputy Secretary General, Marc Vassallo.
During his annual address to the press, National Council President Stéphane Valeri was optimistic for 2022, saying "there are reasons to hope that we can get back to a quasi-normal life.”
Businesses that are suffering an economic loss under the fifth wave of the pandemic will once again receive assistance from the government.
In the rarefied world of luxury yachts, the Monaco Yacht Show (MYS), this year running from September 28 to October 1, is a must-visit event, both for its glamorous setting as well as for the huge numbers of yachts you can view, admire and buy. It’s a place where both amateur enthusiasts and industry figures can discover the latest trends in naval architecture, technological advances and the newest gadgets and accessories, in a reflection of a high-powered industry that, perhaps more than any other, is driven by the potent purchasing power of its wealthy clientele.
Some 34,000 participants from around the world will take part in this year’s MYS, with 40 new yachts set to debut in their world premier. Throughout the entire event you can expect to see 125 super yachts, 104 motor yachts and 17 sailing yachts on show, collectively valued at an astonishing €3 billion.
This year, 400 VIP guests are flocking to the show’s opening gala on 27 September, where the third edition of the Monaco Yacht Show Awards will take place. There will also be the highly exclusive Monaco Yacht Summit, where an audience of 50 will gather to take part in thematic workshops that discuss today’s super yacht.
Finally, as well as an exhibition space that occupies an area totalling 20,000 square metres in size, the 2016 MYS will also see the unveiling of a new exhibition space, the Car Deck, dedicated to a carefully curated selection of luxury vehicles that will be available for test drives and purchasing. (Source: artsandcollections.com)