The Princess Grace Academy stood out during the finale of the International Competition for Young Dancers at the prestigious Prix de Lausanne, with three students taking out prizes.
Of the 70 dancers and 20 finalists who took part in the competition oon 5th February, three students from the school involved with the Ballets de Monte-Carlo stood out. Young American Darrion Sellman won the Oak Foundation Gold Medal and Scholarship, while Frenchman Dorian Plasse won the Coromandel Foundation grant and the Contemporary Prize. The scholarships will give these young talents the opportunity to choose the Company they will join, among the prestigious partner institutions of the Prix de Lausanne.
A third student of the Princess Grace Academy, Italian Luca Branca, stood out with his version of ‘Les ombres du temps’, interpreted by Yo Nakajima from the same school, and won one of two Young Creation Awards. His original creation will be added to the contemporary repertoire of the Prix de Lausanne 2023.
Each year, a partner school or company is invited to present a piece during the Prix de Lausanne, and this year, it was the Princess Grace Academy’s turn to show off its know-how. 10 students performed ‘Back on Track 61’ by Jean-Christophe Maillot.
The Covid-19 pandemic presented the world with unprecedented challenges to nearly every aspect of life. Throughout the past two years, we’ve witnessed the dynamics of society halt, twist, and transform; economies plummet, rise and equalize; and the personal lives of billions metamorphosize beyond our wildest imaginations. Within the context of the luxury brokerage and travel market, Covid-19 continues to represent unconventional hurdles, yet also unique opportunities – particularly for luxury yacht sales and charters.
As the virus continued to show no signs of submission or weakness in 2019, governments globally took their own unique approach to maintain life as they knew it while adapting to the uncertainties of a novel virus. Consequently, international travel restrictions increased and domestic requirements and health guidelines saw a shift in fluidity and intensity. As a result, work, education, retail and even healthcare began to shift into the digital realm, bringing forth feelings of constriction, claustrophobia, anxiety and discomfort across the globe.
Hence, the real estate market experienced a boom. People’s residential consumerism began to shift and change. Some ultra-high net worth individuals sought shelter away from being cooped up in the cities. In essence, people were looking for ways to help manage the new aspects of life presented by the impending impact of the virus.
Given that need, yacht brokerages around the globe mobilized and began implementing ways in which people could adhere to the law at hand while setting sights on new terrains, or waterways, without sacrificing their health. Luckily, luxury yachts present the perfect alternative to being confined at home. They offer an escape. Whether you’re looking to purchase a superyacht for a multitude of adventures, or take a yacht charter to an unfamiliar place, luxury yachts are appealing across the board during a time when the “near future” seems as unpredictable as the past two years were.
With that being said, 2021 was truly a remarkable year, and an impressively successful year specifically in the luxury yacht brokerage sector for purchase, sale, charter and virtually every aspect of the business.
The genesis
When the pandemic hit in 2019, the yachting sector was at the beginning of its shift. For the entire marine industry, business slowed in March – selling 25 yachts despite impending market turbulence. However, as the year continued, yacht sales began to increase throughout the year – rising to 64 closings in May and 59 in December. This matched the overarching trend of society at the time, having initially experienced discomfort and turbulence at the virus’s start yet demonstrating adaptation and resilience about the physical restrictions at hand.
Northrop & Johnson’s Blue Moon
The Fall
Despite this success, the year 2020 brought forth entirely new challenges. The conclusion and recovery of Covid-19 seemed more distant than ever, and the wellbeing of citizens was seemingly insecure.
During this time, yacht brokerages far and wide worked hard to support their employees and maintain their services wherever possible. However, despite the determination, the economic decline was breaching all aspects of the business. Industry-wide, the average for yachts sold in 2020 was 35.42 closings per month, the most significant success occurring in December with 59 yachts sold.
The yacht brokerage industry is adaptable. It was inclined to bounce back, getting clients on the water aboard the luxury yachts perfectly fitted for them.
Shifting gears
In December, brokerage firms recognised the shift in momentum, pushing their sights to the promises of a new year and hitting the ground running – a trial that certainly paid off. On average, yacht brokerage listed 48.25 yachts per broker across the top 12 firms and maintained an average inventory value of €381,189,160 across the top 20 firms.
“Northrop & Johnson enjoyed a banner year in 2021,” says Northrop & Johnson’s European Director Patrick Coote. “We sold 141 yachts in total in 2021, with 66 of those yachts larger than 24 meters. Furthermore, we managed to sell the most CA listings of any yacht brokerage in 2021, 41 in total. And this was 41% more CA listings than any other brokerage in the world.” Coote continues. “Furthermore, Northrop & Johnson was able to sell these yachts faster than ever before, ensuring some of the shortest times on the market we’ve seen in recent history.”
The average number of luxury yachts listed per brokerage firm in 2021 was 59, with a maximum of 75 yachts for a total value of $792,485,094 and a minimum of 16 yachts for a total value of $49,885,560.
“Northrop & Johnson had 73 yachts larger than 24 metres listed for sale in 2021 for a total value of €638,797,299, one of the top two highest values of any sales fleet,” explains Coote. “Our clients entrusted us with their prized possessions and we do not take that responsibility lightly. When selling a yacht, our focus is solely on the client. Ensuring a timely sale at the best price is the number one priority.”
When breaking down these impressive statistics, it’s important to note what was hot in the 2021 yacht market. This year’s sales included yachts from 34 different builders, with total sales of 47 Sanlorenzo yachts being sold. The year’s top three builders listed were Sanlorenzo with an impressive 47 yachts, Sunseeker with 39 yachts, and Benetti with 37 yachts. These yachts are known for branding the market with the modern ‘sleek and sexy’ look considered highly desirable for today’s owners and charterers.
It’s also interesting to note length variance regarding the types of yachts sold in 2021. For yachts 29.9 meters and under, 271 yachts were sold, 39.9 metres and under, 246 yachts were sold, 49.9 metres and under, 126 yachts were sold, 64.9 metres and under, 50 yachts were sold, and for yachts 65 meters and over, 25 yachts were sold.
This data suggests that yacht appeal across the ranges has increased overall. However, the appeal of smaller, more personal yachts has taken a firm hold. This makes sense given the fluidity of Covid-19 restrictions, for both activities and personal interaction. With limited party numbers, minimal spaces allowed for the congregation, and consequently less public activity available, smaller sailing, motor and sportfishing yachts are becoming popularised to ensure on-water activities with adherence to local law. Albeit yachts larger than 100’ remain highly desirable.
Northrop & Johnson’s Solo 1
Major success
Despite economic and market barriers, the yachting industry flourished in 2021, paralleled only by a few years prior. When compared to the past five years specifically, the 2021 luxury yacht brokerage industry skyrocketed and transcended sales from previous successes: having sold 61 yachts in March, 56 yachts in April, 81 yachts in May, 90 yachts in June, 47 yachts in September, 49 yachts in October, 59 yachts in November and 82 yachts in December. In total, 718 yachts were sold across the top 12 firms, with an average of 59.83 yachts sold per month. This number is striking, given that the previous averages were 35 yachts sold per month in 2020 and 41 yachts sold per month in 2019.
“One of our proudest achievements at Northrop & Johnson in 2021 was the growth and successes in our European offices,” says Coote. “I am thrilled to say we are the fastest-growing brokerage in Europe and our extraordinary teams in our Monaco, Antibes, Palma and Barcelona offices rose to the challenges they faced.”
After the low of 425 yachts sold in 2020 with the economic decline and the previously highest number of 583 yachts sold in 2017, 2021’s industry success of 718 yachts is even more relevant. In parallel, Bloomberg analysis reported that asubtle correlation of two shifts within the U.S. economy and the luxury yacht market supports the notion that as the economy improves, so does the luxury yacht brokerage market, despite Covid-19 limitations. As such, it can be concluded that luxury yachts pose an appealing alternative to residency, vacation, and wellness during the Covid-19 pandemic.
“Looking ahead, there is more success on the horizon in 2022,” predicts Coote. “The trajectory is decidedly up and there seems to be no evidence of the market slowing in the sales and charter sectors. We are already reporting 50% of the 2021 charter booked for summer 2022. As people become more comfortable navigating our collective ‘new normal’ they are making plans and taking the trips they had long put off. As such, the charter market is likely to see high demand this summer, so the advice is to book early. In a similar vein on the sales side of the business, now is the time for sellers to put their yachts on the market and for buyers, if you see something you like, make that offer as its likely to move fast.”
Monaco’s very own manga series, Blitz, is set to launch its sixth volume in just two years, finding huge success with an unlikely topic and putting author Cédric Biscay firmly on the map.
In a short 24 months, manga Blitz has gone from risky endeavour to bona fide hit.
The series, which combines the worlds of manga and chess, is the first manga produced between Monaco, France and Japan and has sold 50,000 copies to date in France alone.
The success is such that at Blitz’s recent focus week at Dubai World Expo, they were joined by Maxime Vachier-Lagrave, the current Blitz World Champion, and Sophie Milliet, European champ and six-time French champion. During this visit, the author disclosed a bit of insider news about the upcoming edition, a boon for fans gasping to see the next instalment.
“I have just returned from the Dubai World Expo,” Biscay said, “where I was able to see the installations dedicated to Blitz in the Monaco Pavilion. It was really great to play chess with the visitors and participate in such a great international event. I would like to take this opportunity to also announce that two great personalities from outside the world of chess will appear in Volume Six.”
The new story will be released on 25th February and follows the main characters to Kyoto, where they are involved in a national tournament. Some characters will reveal their true colours, and the main antagonist becomes clearer.
Blitz has gone from simple manga to sensation and even boasts an app, produced by Shibuya Productions, the manga’s publishers, which allows players to compete in matches with other fans or against the computer.
Blitz is special in that it also has world famous chess champion Gary Kasparov on board to help keep the chess match scenes relevant and true-to-life. Adding thrilling chess play to manga excitement, Volume Six is sure to become an instant success when it hits the shelves later this month.
Romain Goiran, owner of Ambitious Monte-Carlo, spoke to Monaco Life about boxing through the pandemic, supporting fighters in Cameroon, and reviving the Fight AIDS Cup with sports enthusiast Louis Ducruet.
The stories of Goiran’s multiple ventures are at best punctuated by, at worst, defined by struggle and hardship. The Covid-19 pandemic in particular posed its own set of seemingly insurmountable problems, forcing a complete re-conception of the Ambitious business model, and throwing his Fight Aids Cup project in doubt.
The Fight Aids Cup did, however, go ahead, and Ambitious has adapted and persevered. Ambitious is under the stewardship of its highly-motivated manager Goiran, looking to become a larger player on the global stage whilst seeking to bring a new boxing culture to the Principality.
Crises as opportunities
No phrase sums up Goiran’s reaction to adversity quite like this one: “The best projects come to the fore in times of crisis.” Whilst others were forced to scale-down operations, Goiran was doing the opposite.
Alongside his work for Ambitious, Goiran juggles a range of other responsibilities, most notably his work with Louis Ducruet, Prince Albert’s nephew and the son of Princess Stéphanie of Monaco, which recently yielded the latest instalment of the Fight Aids Cup in the Principality. The aim of their collaboration is simple, as Gorian tells us: “With him, we do the maximum to find projects to bring to Monaco.”
The match itself, which sees Prince Albert II’s Barbagiuans face off against Princess Stephanie’s Cirque FC, existed long-before it became popularised in its current format. “It was a tradition that was an amateur affair at the Stade Didier Deschamps, without press or anything like that. A proper family affair.”
Goiran and Ducruet are responsible for changing that, bringing it to the Stade Louis II and turning it into a mediatised, charitable event for the first time in 2020. Following the cancellation of the event in 2021, the sanitary context in 2022 made the realisation of the second installation questionable once again. “We were told three weeks before that we wouldn’t be able to do it.”
Not only did the event go ahead as planned in January, it was even improved upon. “We told ourselves that the first year was good, but that we could do better. Better is what you saw this year, with an event in two halves, the gala dinner on the one side, the match on the other, as well as welcoming bigger players, bigger stars.”
Marie and Louis Ducruet, Princess Stephanie, Prince Albert and Camille Gotlieb at the Fight AIDS Cup 2022, photo by Eric Mathon – Michael Alesi / Prince’s Palace, Government Communication Department
Boxing through the pandemic
Goiran’s collaborative project with Ducruet isn’t the Monegasque businessman’s only success story of the pandemic. His Ambitious Monte-Carlo business, which he runs with his associate Jean Marc Toesca, has also faced a difficult set of challenges.
In its infancy, Ambitious created networks around sportspeople, the sheer wealth of sports stars and events in and around the Principality bringing in an elite clientele. “A year ago, we had a quarter of AS Monaco professional players,” says Goiran. “We create teams around footballers. We find them an osteopath, a kinesiotherapist, a boxing teacher, a yoga teacher, a dance teacher, a tai chi teacher. That was the business model at Ambitious, before having boxers.”
The business has since diversified its activities. As Goiran succinctly puts it, “Ambitious is an organisation for boxers to support boxing. It isn’t for us, it’s for the boxers.” When the pandemic hit in 2020, Ambitious struggled to continue to fulfil its function. Social distancing and sparring sessions, or indeed fights themselves, don’t exactly go hand in hand.
Although training became feasible after the first lockdown, the lack of prospects for events, and the fragile economic situation of boxers and boxing itself left Ambitious and Goiran in a precarious position. His entrepreneurship, his drive to make the project work and a disused family tennis court in La Turbie would come in handy. “Ambitious is a sporting support service, but we said, in order to survive, we have to be more than that. So, we created our own training camp in La Turbie. We took a tennis court from my family that was never used, we added a military tent and put in a ring. So, we created a boxing camp, which allowed boxers to continue to train.”
Although the training camp in La Turbie facilitated the boxers’ preparation for bouts, the fact remained that there weren’t many fights out there. During the toughest times of the pandemic, the threat to boxers’ careers became an existential one. “If you have an economy that is solid, even in times of crisis, then things can still happen. But the boxing environment in France is ridiculous. The boxers themselves are the ones who have to organise their own galas, it is them who pay. They call their family, their friends for financing. It is them who create their own financial base upon which to fight.”
Larger fighters at Ambitious, like Cameroonian-French boxer Hassan N’Dam, could ride out this difficult period, but others had to look for alternative means of income. “We encouraged the younger boxers to find work, because they simply didn’t have a choice, and we helped them to do that through our partners.”
Monaco and boxing: A more exclusive clientele
Goiran recognised the importance of organising an event, and this was realised during last July’s ‘Chill out on the bay’ event at Villa Calvi. It provided a lifeline for the fight-deprived boxers of Ambitious, with tickets for the high-level event selling for €500. Not only that, it has also inspired Goiran to bring similar events to Monaco. “The Villa Calvi event was a great model that we can replicate in Monaco 100%,” he says.
Goiran sees the potential to go smaller, even more exclusive, as he announced an exciting plan to bring boxing to the skyline of the Principality. “We have visited the rooftops here and we want to propose a project to do small boxing matches, very private, for 15 people, three fights. That is something that we’ll do, we know it’s doable.” This project could soon see the light of day, as he added, “We’ve already found a few places with partners.”
His confidence in this project is unwavering, referencing an already blossoming sports scene in the Principality as well as the successful fights hosted by the Monte-Carlo Casino. “In Monaco everything works, this place is amazing. You have a lot of sports, a lot of different people and nationalities, so of course it can work.”
Ambitious trophy belts
A global mindset
His ambition for Ambitious isn’t confined to the border that separates the Principality from France. He is already well accustomed to making flights to and from Manchester, where he visits the business’ footballing clients who have made the switch from the Riviera to the UK.
He has now set his sights further afield on the west African country of Cameroon, where his work in collaboration with Ambitious boxer N’Dam aims to serve both a social and sporting purpose.
“What Hassan (N’Dam) explained to us is that there are a lot of good fighters in Cameroon, but they are very poor, so to get a chance to achieve their dream, they have to come to France, but they do so without any money,” Goiran explains. “They sleep outside, they struggle to eat, they don’t have official documentation. So, with some partners in France, we can give money and organise events in Cameroon to fund these top fighters, who could become world champions.”
As Goiran says, Cameroon is a country “rich in great fighters”, the aim of Ambitious’ latest project is therefore to give them the means to shine on a global stage, without constraints. “A boxer should think only about boxing, not about what he has to do to pay for his ticket to get to France, to Italy or elsewhere, about what he will do in terms of accommodation, in terms of food. If this guy really has great boxing potential, he deserves to have partners at his level of boxing.”
Be it through his work with Ducruet or through Ambitious, Goiran’s contribution to Monaco’s sports scene is unequivocal. Pivotal to that success is a fighting spirit, an unerring belief, that he could overcome whatever struggle presents itself, and persevere to make his mark on Monaco’s rich sporting landscape. “You will always have difficulties, there’s always something between yourself and the objective. If it’s easy, it’s a trap.”
In the laboratories of the Scientific Centre of Monaco on Quai Albert 1er, a group of researchers are studying paediatric cancer. In another section, scientists study cnidarians, otherwise known as corals, medusae and anemones. Extraordinarily, the two have managed to come together to combine their research and potentially unlock the mystery of how and why brain cancers emerge in children.
Dr Vincent Picco is the head of the paediatric cancer research team at the Scientific Centre of Monaco (CSM). In a sun-filled lab with large windows that capture the post-card images of Port Hercule and Monte-Carlo, white-coat researchers work methodically with test tubes. Dr Picco tells me the purpose behind his team’s work.
“The causes of cancer in children are extremely different from adults, because kids have not been smoking and drinking most of their lives, for example,” says Dr Picco. “Our main hypothesis is that during embryogenesis, certain cells that should become neurons or cells that make up the brain remain abnormally locked in an embryonic state.”
The survival rate for paediatric cancers has doubled over the past 30 years, says Dr Picco encouragingly, but not because the treatment has been particularly innovative.
“The chemotherapies used have been around for ever,” he explains. “It is the way they are being used that has improved to increase the survival rate of the patients. But while survival has improved, it has come with very debilitating consequences. One of our main goals is to develop therapies that are more specific towards paediatric cancers, to reduce these secondary effects of treatment and give a better quality of life to the patients, during and after treatment.
“If we understand how and why a cancer emerges, we might be able to design a therapy that is best suited to that cancer.”
Head of the paediatric cancer research team Dr Vincent Picco
In another section of the Scientific Centre, I am introduced to Dr François Seneca, a senior scientist working with cnidarians. He shows me inside a tiny room with a very small fish tank filled with little anemone.
“Here in the lab, we study the innate immune response of aiptasia sea anemone,” he explains. “We are using this species because its genome has been sequenced and it gives us extra information that we can use to study in detail what genes are expressed or regulated during certain conditions, so how the animal defends itself when it’s attacked by a pathogen. The pathogen in this case is vibrio parahaemolyticus, a bacteria that is found in the ocean and, when ingested by humans, causes gastrointestinal illness, more commonly known as seafood poisoning.”
Amidst the complicated scientific terms, I ask how these little ocean-dwelling creatures could possibly help unlock the story behind childhood cancer.
“The really interesting question that we want to address here at the CSM is, ‘What are the mechanisms in corals and anemones that prevent the animal from catching disease’,” he says. “We don’t see tumours developing out of the blue on coral tissues so we think there must be some mechanisms that prevent that from happening. If we can get our head around that, then we can potentially help the biomedical field.”
An aiptasia sea anemone
Cnidarians are indeed fascinating little creatures. Some have a lifespan of around 4,000 years, longer than any other animal that lives in the ocean. When a cnidarian gets damaged, it can regenerate a body part, making them practically immortal. Dr Seneca says he can cut a single sea anemone into a number of pieces, and each will continue to grow and thrive.
“These animals have been through a huge amount of stress due to different environmental changes throughout their lives – excessive energy from sunlight, pollutants, etc., and yet they are still able to survive,” says Dr Seneca.
“We think of coral as being fragile because of what’s happening with climate change and what you see in the news about the Great Barrier Reef in Australia. But at the same time, there’s an inherent resilience in corals. They have been on earth and evolving for over 500 million years. They have the tools, the solutions, to propagate and survive if you give them the chance.”
Dr François Seneca, photo by Monaco Life
Dr François Seneca, a Monegasque native, began his research career in Australia with a PHD at James Cook University. It was the first lab in the world to apply new sequencing technology to corals.
“What happened when we started sequencing more and more species of coral is that we discovered how rich they were with gene families and how similar they were from classical models like mice, rats and dogs, all the way to humans,” says Dr Seneca. “Then we discovered that there were genes in corals and anemones that we couldn’t find in classical models. It was incredible, because it had the potential to fill the gaps and present new information to the big picture.”
What also makes cnidarians an exciting research species, says cancer specialist Dr Vincent Picco, is their simple nervous system that is composed of a network of neurons as opposed to a vertebrae nervous system, as in humans. Scientists actually believe that it was probably within this cnidarian group or closely-related ancestory that the nervous system first evolved.
“The simplicity of the animal is very important,” says Dr Picco. “Our aim is to try to simulate paediatric brain cancer in a very simple animal to be able to understand why and how it happens in humans.”
A researcher works in the paediatric cancer laboratory of the CSM, by Monaco Life
Thanks to innovative sequencing technology, a growing number of laboratories around the world are now starting to use cnidarians to better understand vertebrae, or human biology.
“What we know today is that humans are incredibly complex, and this complexity is what makes us who we are, but it is also tricky to completely understand,” adds Dr Seneca. “So, by looking at an animal that is simpler and has genes that are similar to humans, it can help us decipher that complexity that we see in humans, knowing which genes were there at the time of our ancestors, and diversified and built that complexity that we see today.”
Botanists and chemists have long prospected in tropical forests and other terrestrial ecosystems for unusual substances to meet human needs. But the world’s oceans, which may contain as many as two million as yet undiscovered species, have remained largely untapped.
Using the innate immunity of cnidarians to understand the emergence and treatment of cancer is a growing field. Some cnidarian toxins have already been used for the design of immunotoxins to treat the disease.
“I think that all answers are in nature,” says Dr Seneca. “In the field of biomimicry, if we really want to make huge discoveries and apply them quickly, we have to go back to the solutions that nature itself has created.”
CSM coral and fish tanks, by Monaco Life
The problem, however, is imitating these solutions on a large scale.
“The potentional in terms of bioactive molecules in the ocean is extremely high because of the diversity of the animals and lifeforms,” says Dr Picco. “The problem is that it is extremely difficult to isolate the compounds from these kinds of animals. Even if the compound is active against cancer, it is extremely difficult to synthesise that compound.”
Dr Picco points to a company called Coral Biome in Marseille that isolated a compound called palytoxin in a particular soft coral, an extremely poisonous substance that is 1,000,000 times more toxic to cancer cells than to healthy cells. Research shows that it is highly effective at targeting in vitro liquid cancers like leukaemia, or solid cancers including brain, lung, prostate and breast cancers.
“But it was not possible to synthesise this compound,” explains Dr Picco. “In order to drive that compound to the clinics they would have to cultivate corals at a large scale and extract it from the animals, and these steps made the project impossible in the end. So, despite a very promising effect of the compound against cancer, they could not reach an industrial and clinical level.”
The paediatric cancer team at the CSM are not at that stage in their research. First, they want to answer the fundamental question of how and why brain cancers develop in children. “We hope to follow that with more pre-clinical, advanced studies based on the basic research and models that we are developing here in the lab, building on the extremely original way we are inducing cancers to model.”
The CSM teams shared their exciting research project at the 15th Monegasque Biennial of Oncology (Biennale Monegasque de Cancerlogie), co-organised by the Scientific Centre of Monaco (CSM) and the Princess Grace Hospital Centre in late January. It was an opportunity for 1,200 professors, doctors, researchers and students to share knowledge and create collaborations with the aim of fighting the leading cause of death for men, and the second cause of death for women.
In the seaside laboratories of the CSM, in the tiny Principality of Monaco, researchers have forged their own alliance, combining two very different fields – anemone gene sequencing and paediatric brain tumours – that will hopefully one day change the lives of these young patients, and help prove that the answers to the modern medical world can indeed be found within the sea.
The government has introduced new air mobility regulation designed to safeguard Monaco’s airspace and the population while boosting the use of unmanned craft like drones in the Principality.
In June 2019, Monaco’s Civil Aviation Department, supported by Air Space Drone, a company that provides the FlySafe digital platform, and MC-Clic, a Monegasque company specialising in the design of drones and aerial photography, inaugurated a new low altitude airspace management system. The Principality therefore became the first country in the world to deploy a specific program relating to drones and other unmanned aircraft.
In order for air mobility to progress, however, safety must be addressed, so Monaco has now introduced a new regulatory framework that aims to ensure better management of its airspace while adjusting national regulations to the technological developments observed in the aeronautics sector.
Professional drone companies will now be able to apply for an annual permit giving them access to Monaco airspace. They must still obtain prior authorisation for each flight though.
Meanwhile, technical and safety equipment are compulsory in an effort to improve the visibility of drones. The craft must, among other things, be equipped with a parachute to limit risks on the ground and better protect the population against an accidental fall.
Authorised drones must also be equipped with a signaling device compatible with the FlySafe platform, which allows for their identification as well as the monitoring of flights on Monegasque territory.
The new regulations became effective on Sunday 6th February when Ministerial Order No. 2021-532 was published in the Journal de Monaco.
