Brought to you by: Monaco Life
While January saw a slight decrease in prices in France, down 0.1 percent, inflation for the whole of 2017 was 1.4 percent.
Largely on this basis, a number of prices increased on February 1, including the cost of petrol and diesel at the pump, electricity (up 0.8 percent) and TER train tickets.
TER fares will increase 3.5 percent, which will affect “occasional travellers” who make up 59 percent of traffic and 86 percent of revenue according to by Philippe Tabarot, Vice-President of SNCF Regional Transport.
Locally, motorway toll prices have been increased by 1.34 percent for all types of vehicles, but the Escota network is below the national average for franchised highways, which comes in at 1.65 percent.
While some routes remain the same rates – Nice-Les Adrets at €4.4 – others will see a slight increase, including Nice-Aix (€17.50 to €17.60) and Menton-Cagnes (€4.60 to €4.70).
“This increase is due to the application of the annual inflation rate and to match the increase in public royalties that we pay,” a spokesperson of Vinci Autoroutes, the major concession operator in Europe who manages the Escota network, told local French-language daily Nice Matin.
IMSEE’s report on the business climate of Monaco in June shows a certain stabilisation despite overall low levels of trade.
The International Contemporary Art Fair coming up in late August will be the first major cultural event to be held since the beginning of the health crisis.
Barclays has appointed Jean-Christophe Gerard as CEO, Barclays Private Bank with immediate effect, subject to regulatory approval.
Since 20th July, the Department of Urban Amenities has been offering a free shuttle service for residents living around the Grand Ida construction site.