Business & Finance
Brought to you by: Monaco Life
The last legislative session of 2021 was opened with the amendment to the Financial Activities Act of 2007, with a heavy focus on crypto currencies and for the Financial Activities Control Commission to gain membership to the International Organisation of Securities Commissions.
Photo of José Badia by National Council of Monaco
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.