- The Economy
22 April 2020 Press release
Following a vote by the National Council on the first amended budget for 2020 yesterday evening, Minister of Finance and Economy Jean Castellini spoke to the press about the “exceptional and histor...Read more of Record deficit of €477.3 million to keep national economy afloat
23 March 2020 Press release
Companies in the Principality who wish to seek authorisation to make use of the strengthened provisions for total temporary layoff (CTTR) for their employees can now submit their requests online.Us...Read more of Strengthened provisions for total temporary layoff: procedure now available online
20 March 2020 Press release
The Prince’s Government presented some additional economic support measures at the National Council yesterday evening. The Prince’s Government’s approach to this issue seeks to be pragmatic, respon...Read more of CORONAVIRUS: Prince’s Government presents additional measures to support national economy
10 February 2020 News flash
A delegation from SICCFIN took part in the Egmont Group Working Group meetings session, held in Mauritius from 27 to 30 January 2020.The delegation played an active part in the various aspects of w...Read more of A Delegation from SICCFIN Takes Part in the Egmont Group Working Groups
16 December 2019 Press release
The fleet of electric taxis, which was implemented last July and whose services ended in late October, was a great success.Thus, Jean Castellini, Minister of Finance and Economy, was able to announ...Read more of Fleet of Electric Taxis - Very Encouraging Results
Preparations for the Vote on the Preliminary Budget - The Minister of State Addresses the Press “For the 9th consecutive year, our budget is in sur...06 December 2019 Press release
On Friday 6 December, a breakfast meeting was held at the residence of the Ministry of State with the Monegasque Press, H.E. Mr Serge Telle, Minister of State, and Jean Castellini, Minister of Fina...Read more of Preparations for the Vote on the Preliminary Budget - The Minister of State Addresses the Press “For the 9th consecutive year, our budget is in sur...
02 December 2019 Press release
The second plenary session of the Trade Observatory to be held this year took place on Friday 29 November 2019, under the chairmanship of Jean Castellini, Minister of Finance and Economy.Led by Lau...Read more of Trade Observatory: rapid introduction of concrete measures
13 November 2019 Press release
The awards ceremony for the 2019 Monaco-Matin Eco Club Trophies took place on Tuesday evening at the Grimaldi Forum, organised by the Monaco Economic Board (MEB), in partnership with the Nice-Matin...Read more of Monaco-Matin Eco Club Trophies - The Monegasque Economy Takes Pole Position
12 November 2019 Press release
The Monegasque Institute of Statistics and Economic Studies (IMSEE) recently published the 2018 GDP Report.Following a slowdown in the pace of Monegasque growth (from +9.6% in 2013 to +3.5% in 2016...Read more of IMSEE publishes 2018 GDP Report
07 November 2019 News flash
At an institutional seminar on the financial markets around a hundred professionals from all over the world, Minister of Finance and Economy Jean Castellini today gave a presentation on the Princip...Read more of Jean Castellini speaks at Central Banks Seminar
- 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 .