ECONOMY

Summary: Monaco’s economy continues to grow, with a 5% increase in GDP in 2023 and key sectors such as scientific and technical activities, administrative services, and financial activities playing a central role in wealth creation. Full Story: Monaco’s economy continues to demonstrate strong growth, with the Gross Domestic Product (GDP) increasing for the third consecutive […]

Summary: Monaco’s economy demonstrates steady growth with a five percent increase in GDP in 2023. Full Story: Monaco’s economy experienced steady growth in 2023, with a five percent increase in GDP, according to the latest report from IMSEE. This marks the third consecutive year of solid expansion for the Principality, with the Gross Domestic Product

Summary: Monaco’s 2025 preliminary budget reveals increased spending and key infrastructure investments. Full Story: Monaco has released its 2025 preliminary budget, which will be reviewed by the National Council in December. The budget includes anticipated revenues of 2.098 billion euros and expenditures of 2.187 billion euros. This marks a 2.6 percent increase in revenue and

Summary: Monaco’s National Council is advocating for a new law to ensure that everyone has the right to open and maintain a bank account in the country. Full Story: Monaco’s National Council members are pushing for a new law that would guarantee the right for all individuals and businesses to open and maintain bank accounts

Summary: Monaco Parkings is encouraging or even obliging employees to transfer their subscriptions to the underutilized Salines parking lot in order to fill it up. Full Story: Monaco Parkings is currently working to convince over 1,000 employees to transfer their parking subscriptions to the underutilized Salines parking lot, which has 1,790 spaces. While the officials

Summary: Mixed economic performance in Monaco for the first half of the year: turnover falls, employment grows in the accommodation and catering sectors. Full Story: Monaco’s economy experienced a mixed performance in the first half of the year, with a 7.4 percent decrease in turnover. However, employment in the accommodation and catering sectors continued to

Summary: Three people charged in Monaco in connection with a large-scale scam involving Monégasque license plates. Full Story: Three people have been charged in Monaco as part of a large-scale scam involving Monégasque license plates. The Monaco public prosecutor’s office has announced the indictment of these individuals, who are suspected of being involved in a

Summary: Monaco and neighboring municipalities take action in response to the crisis in railway transportation. Full Story: Monaco and its neighboring municipalities are taking action against the crisis in rail transportation. Céline Caron-Dagioni, the Minister of Infrastructure, Environment, and Urban Planning of the Principality of Monaco, along with Jean-Pierre, is leading the initiative. The goal

Summary: A family was convicted of laundering money after depositing €15,000 to €18,000 in small bills into slot machines at a casino in Monaco. Full Story: A family has been convicted of money laundering after depositing €15,000 to €18,000 in small denominations into slot machines at a casino in Monaco. The suspicious behavior and the

Summary: A retired couple living in Monaco lost their life savings of 436,000 euros due to a fake online bank. Full Story: A retired couple from Monaco has lost their life savings of 436,000 euros after falling victim to an online banking scam. The retiree, hoping to make a secure investment, deposited their savings into