- The Economy
11 December 2018 News flash
MonacoTech, a start-up programme created by the Monegasque State in partnership with Monaco Telecom and Xavier Niel and officially inaugurated by H.S.H. the Sovereign Prince, is now an integral par...Read more of MonacoTech Celebrates its First Year of Existence
07 December 2018 News flash
Today, the Minister of State received the members of the Commission for the Control of Financial Activities (CCAF) for a working lunch.The CCAF was established by Act No. 1.338 of 7 September 2007...Read more of The Minister of State Receives Representatives of the CCAF
07 December 2018 News flash
The 57th Plenary Meeting of the MONEYVAL Committee, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (AML/CFT), took place from 3 to 7 Dec...Read more of MONEYVAL Committee of the Council of Europe – An Enlarged Monegasque Delegation
04 December 2018 News flash
The Eco Club of Monaco's 7th Trophy Awards Ceremony was held on Monday at the GrimaldiForum. The event was organised by the Monaco Economic Board (MEB), in partnership with the Nice-Matin Group.The...Read more of The Eco Club of Monaco's 7th Trophy Awards Ceremony
29 November 2018 Press release
After 27 years at the Economic and Social Council, including six terms as President, André Garino did not wish to be reappointed to this position.During this period, André Garino was able to unify...Read more of Caroline Rougaignon-Vernin is Appointed President of the Economic and Social Council
14 November 2018 News flash
Yesterday, the 6th Monaco Business, an event for companies from Monaco and the Côte d'Azur, took place. It was opened by Jean Castellini, Minister of Finance and Economy, representing H.E.the Minis...Read more of Monaco Business – Enterprise Day
07 November 2018 News flash
The Strategic Council for Attractiveness held its plenary meeting on Tuesday 6 November at the Oceanographic Museum.Opening the meeting, the Minister of State said, “In a country which draws a sign...Read more of Strategic Council for Attractiveness plenary meeting
Monaco Takes Part in the 10th Conference of the Parties of the CETS Convention No. 198 of the Council of Europe - Strasbourg - 30 and 31 October 201807 November 2018 News flash
On 30 and 31 October, the 10th Plenary Assembly of the Convention of the Parties (COP) to the CETS No. 198 on Laundering, Search, Seizure and Confiscation of the Proceeds from Crime and on the Fina...Read more of Monaco Takes Part in the 10th Conference of the Parties of the CETS Convention No. 198 of the Council of Europe - Strasbourg - 30 and 31 October 2018
Information and awareness morning on national money laundering and terrorist financing risk assessment in the Principality of Monaco15 October 2018 Press release
On 12 October, an information and awareness morning was held to address the challenges Monaco faces during its second national money laundering and terrorist financing risk assessment, organised by...Read more of Information and awareness morning on national money laundering and terrorist financing risk assessment in the Principality of Monaco
08 October 2018 News flash
The Monaco Tourist and Convention Authority’s representative office in the United States this year won three business tourism awards for the excellence of services offered by the destination.Reader...Read more of Tourist and Convention Authority’s US representative office wins 3 awards
- 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 .