Business & Finance
Brought to you by: Monaco Life
The Monaco Economic Board has braved the cold to take its member companies to Novosibirsk, the heart of Russia’s ‘Silicon Valley’.
Taking advantage of a Monte-Carlo Ballets tour in the capital of Siberia, MEB teams specialising in sectors as varied as finance, high technology and business consultancy met their Siberian counterparts in a series of meetings from 18th to 21st February.
The first day of the trip was devoted to Akademgorodok, a city that has become the heart of Soviet and then Russian scientific research since the start of the Cold War, and which today has embraced start-ups. During a visit to the most awarded business incubator in Russia, AcademPark, the first links were formed with Russian high-tech start-ups which had not yet considered Monaco in their business plans.
Meanwhile, an Economic Forum dedicated to Monaco-Siberia exchanges, organised with the Novosibirsk Regional Chamber of Commerce and Industry, was held. During the forum, the economies of both regions were presented as well as the various activities of the MEB members, ahead of the signing of a formal long-term agreement between the two chambers of commerce.
Finally, a performance by the Ballets de Monte-Carlo served as an opportunity for members to invite their professional contacts and strengthen relations, in “another demonstration of the perfect synergy between the main cultural and economic players in Monaco, especially when they are abroad,” according to the MEB.
Top photo: Signing of the memorandum of understanding between Chambers of Commerce, courtesy MEB
Despite a 46% drop in turnover for the 2020/21 financial year, SBM Monte-Carlo has revealed an exciting new expansion plan for the famed Café de Paris in the Casino Square.
French Scientist Jean-Pierre Petit has told MEB members that the world economy has held up surprisingly well despite the health crisis, giving hope to Monegasque investors.
CFM Indosuez has inaugurated an innovative solidarity finance offer with the Oceanographic Institute with a donation of €130,000, 30% of which comes from investors fees.
Entries are now open for the MDO Monte-Carlo Prize, an international award for outstanding companies in terms of innovation, technology, design and sustainability.
The Permasteelisa Group, the contractor key to rebuilding 7 World Trade Centre, announced plans on April 25 to expand to new territories: in Monaco, Greece, Cyprus, Turkey and the Balkans…
Some 150 representatives from construction, architecture, sales, hospitality, healthcare, and the financial and banking sectors, gathered at the Monco Yacht Club on Monday, where the Permasteelisa Group, a world leader in the fields of engineering, project management, manufacturing and installation of architectural envelopes, with a turnover of around €1.5 billion, presented its operations and divisions.
“We are excited to create business in new markets,” said newly-appointed CEO Riccardo Mollo. “As a company specialised in engineering, we see technology as a tool to further strengthen our leading position in the world and to help improve the quality of our cities by reducing the carbon footprint on the environment.”
Konstantinos Tsouvelekakis, the company’s official representative in Monaco, Greece, Cyprus, Turkey and the Balkans, added, “We wanted to announce this great news to Monaco, which is a dynamic, international economic centre. Permasteelisa is the undisputed No. 1 in its industry and at the initiative of many of the most iconic projects in the world, both on external and internal constructions.”
Founded in 1973, the Permasteelisa Group has a network of over 50 companies in 30 countries employing 7,000.