- The Economy
Extension of the CTTR to 31 March 2021 : "A Powerful Indication of the State's Commitment to Safeguarding Employment"07 October 2020 Press release
At a Press briefing a day after the announcement by the Minister of State at a public session of the National Council of the extension of the CTTR (Strengthened Provisions for Total Temporary Layof...Read more of Extension of the CTTR to 31 March 2021 : "A Powerful Indication of the State's Commitment to Safeguarding Employment"
02 October 2020 News flash
The first meeting of the commission established by Article 2 of Act No. 1.491, dated 23 June 2020, on token offerings was held at the Ministry of State on Wednesday 30 September. It was attended by...Read more of Using blockchain technology to finance the economy
Overview of Tourism in the Principality : The Results for the Summer Season are "Less Gloomy than Expected"25 September 2020 Press release
At the time of the review of tourism results for the summer season, which was presented to the Press today, the Director of Monaco Tourist and Convention Authority, GuyAntognelli, gave a mixed anal...Read more of Overview of Tourism in the Principality : The Results for the Summer Season are "Less Gloomy than Expected"
24 September 2020 Press release
Olivier Ortiz was appointed a member of the Board of Auditors by SovereignOrdinance No. 8 250 of 11 September 2020, as a successor to Bertrand Schwerer, who has resigned. Following his appointment,...Read more of Olivier Ortiz, a New Member of the Board of Auditors
Monegasque Economy Bulletin - From Lockdown to the Lifting of Lockdown - The "Expected Economic Underperformance" in the Second Quarter22 September 2020 Press release
On Monday 21 September, the Monegasque Institute of Statistics and Economic Studies (IMSEE), presented the Principality's Economy Bulletin* to the Press.Accompanied by Government Ministers Didier G...Read more of Monegasque Economy Bulletin - From Lockdown to the Lifting of Lockdown - The "Expected Economic Underperformance" in the Second Quarter
17 September 2020 Press release
The fifteenth meeting of the COVID-19 Joint Monitoring Committee was held on Wednesday 16 September 2020 at the Ministry of State. This meeting was the first for the Minister of State, Pierre Darto...Read more of COVID-19: Fifteenth Meeting of the Joint Monitoring Committee
13 September 2020 Press release
Pour se conformer aux pratiques adoptées par l’Organisation Mondiale de la Santé et les pays voisins en la matière, le bilan journalier fera désormais uniquement état des personnes résidentes touch...Read more of Covid-19 : deux nouveaux cas positifs et trois guérisons ce dimanche 13 septembre
11 September 2020 Press release
Mercredi 9 septembre, en présence de S.A.S le Prince Albert II, le Gouvernement Princier a détaillé le volet numérique de son plan de relance, mis en œuvre à travers le programme Extended Monaco.«...Read more of Monaco dévoile son plan de relance ambitieux porté par le numérique
10 September 2020 Press release
This morning, at a Press conference, the Minister of State, H.E. Mr. Pierre Dartout, accompanied by Government Ministers Didier Gamerdinger and Jean Castellini, announced the economic recovery plan...Read more of "A Targeted, Pragmatic and Flexible €75 Million Recovery Plan"
Trade Observatory: rapid introduction of specific measures to promote local consumption and support traders and restaurants29 July 2020 News flash
The Trade Observatory met for the first time since lockdown was lifted on Wednesday 29 July 2020, under the chairmanship of Jean Castellini, Minister of Finance and Economy.The meeting provided an...Read more of Trade Observatory: rapid introduction of specific measures to promote local consumption and support traders and restaurants
- A country focused on success
- Sustainable development at the economy’s core
- Analysis and statistics: tools for innovation
- Leisure and Business Tourism: developing attractiveness
- A major stakeholder in the Northern Mediterranean labour market
- Money laundering and terrorist financing: An ongoing fight against illicit activities
An economic development model meeting the challenges of the 21st century
The relevance of the brave and visionary choices made by its Princes throughout its history have made of Monaco a stable sovereign State envied by many, enjoying uninterrupted growth and healthy finances.
The Sovereign Prince has clearly addressed this question by drawing up a proactive roadmap for the Government to promote the Principality's attractiveness, while setting a reasonable strategy for growth for the country.
By establishing a proactive road map to be followed by the Prince's Government to increase the Principality’s attractiveness, the Sovereign Prince has clearly overcome these challenges, guiding the country on a path of sustainable growth.
A country focused on success
All of the country's energy has been mobilised to preserve the growth of its economy, to create new sources of growth and to preserve the exemplary nature of the Monegasque model.
The Prince's Government actively contributes to expand the Monegasque economy by establishing development targets in line with its forward-looking vision for the country. It thus promotes the creation of new businesses and the arrival of new residents. The Government is continuing to simplify procedures, and has set up bodies dedicated to assisting entrepreneurs in relocating and developing their businesses. Click here to find out more
Sustainable development at the economy’s core
The growth of the Monegasque economy does not only meet quantitative goals. The work performed by the Prince's Government aims at including its growth model in a virtuous circle of sustainable development, in line with the vision expressed by H.S.H. the Sovereign Prince for the responsible growth of the country. Click here to find out more
Analysis and statistics: tools for innovation
The Prince's Government wishes to offer all economic and social stakeholders forward planning tools to assist in decision-making. This will enable them to progress more confidently with long-term aims. Although this is a difficult period, it should nevertheless be conducive to inventiveness and harnessing higher performance. Click here to find out more
Leisure and Business Tourism: developing attractiveness
The Principality is a source of attractiveness in itself. Its location, its quality of life, the excellence of its infrastructures, and the multitude of cultural and sporting events that take place throughout the year make it a dream destination for tourists, both for leisure and for business.
To maintain and strengthen these advantages, the Prince's Government has made it a priority to conduct an innovative policy for leisure and business tourism. Click here to find out more
A major stakeholder in the Northern Mediterranean labour market
Monaco is not an isolated territory, cut off from the rest of the world. As a fast-developing sovereign nation, the Principality's economy forms part of the Mediterranean economic basin that extends from the Italian Riviera to the French Cote d'Azur. Every day, thousands of professionals come to work in Monaco, in an exchange that is mutually beneficial to all the countries involved. People of 120 nationalities from all continents bolster the Monegasque economy with their experience and expertise.
By facilitating business development, the Prince's Government strives to maintain Monaco’s central position as a major economic and social stakeholder in the Northern Mediterranean labour market. Click here to find out more
Money laundering and terrorist financing: An ongoing fight against illicit activities
Since the first anti-money laundering law of 1993, Monaco has continued to pursue an active policy with regard to the fight against money laundering and terrorist financing. This commitment is steadfast at both the national and international levels.
To oversee the implementation of these measures, the Principality has created a financial investigation unit (CRF), the Service d’Information et de Contrôle sur les Circuits Financiers (SICCFIN).
The actions of the Monaco Government contribute to the development and the modernisation of Monaco as a financial centre by focussing on best practices and standards of regulation and control, in terms of combatting money laundering and terrorist financing. Click here to find out more .