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France To Crack Down On Skiers This Holiday
Monaco News

France To Crack Down On Skiers This Holiday


French prime minister Castex has announced on BFM-TV this morning that from December 15, travel will be authorized throughout the country but random checks will take place for anyone trying to cross the border. He also confirmed a curfew…


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Confinement Is Not Over Says PM, New Rules For Sport, Ski Stations Open But Not For Skiing

Confinement Is Not Over Says PM, New Rules For Sport, Ski Stations Open But Not For Skiing


At a press conference Thursday, prime minister Jean Castex expanded on several points regarding the easing of confiement set out by president Macron on Tuesday. “It is premature to talk about deconfinement,” he said. He confirmed…


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Macron Reveals Confinement Easing, Vaccination Will Not Be Mandatory

Macron Reveals Confinement Easing, Vaccination Will Not Be Mandatory


Four weeks after he ordered France back into lockdown, president Emmanuel Macron made a second address to the nation on Tuesday at 8 p.m. to evaluate the pandemic and announce the first of a “progressive” 3-stage deconfinement to…


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More from Monaco News


Ambitious Plans To Make Monaco A Digital Technology Leader

Ambitious Plans To Make Monaco A Digital Technology Leader

Monaco is many things. It is the world’s most expensive prime residential market. It boasts the most prestigious F1 Grand Prix in the world. And now, it hopes to become a leader in digital technology, all thanks to an ambitious project…


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A Virtual Eye For Art

A Virtual Eye For Art

Article first published in Forbes Monaco September/October 2020 issue. Damien Simonelli, Director of Opera Gallery Monaco, discusses the future of art. How is Covid-19 impacting the art world and how is contemporary art changing in the…


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Confinement In France Continues As Is For Another Two Weeks

Confinement In France Continues As Is For Another Two Weeks

At 6 p.m. Thursday, French prime minister Jean Castex updated the public on regarding the Covid situation since confinement began on October 30. While the strategy of this confinement is different than the first version and seems to have…


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90 Fines Issued For Not Wearing A Mask In Monaco

90 Fines Issued For Not Wearing A Mask In Monaco

Confirmed Covid cases in Monaco have slightly calmed down, with only three reported Sunday and four on Monday, compared to 29 on Saturday and 24 on Friday. At a press conference this afternoon, minister of state Pierre Dartout took stock…


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Pitch Perfect

Pitch Perfect

Article first published in Forbes Monaco September/October 2020 issue. PR pros Valentina and Silvia Cangiano supply the narrative for luxury brands in Monaco. Storytelling comes naturally to the Cangiano sisters. Their grandmother, the…


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Two New Covid Units At CHPG, Some New Restrictions

Two New Covid Units At CHPG, Some New Restrictions

As the number of Covid cases in Monaco continues to hover around 15 a day, the Princess Grace Hospital Center (CHPG) has created two units dedicated to the care of Covid patients. This reinforcement will allow CHPG staff to cope with an increase…


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Monaco Keen 'To Avoid Confinement At All Costs,' Curfew Continues

Monaco Keen 'To Avoid Confinement At All Costs,' Curfew Continues

As the number of daily Covid cases in Monaco have peaked this week (18 people alone on Thursday), rumors have been rampant about the country entering a “light” or full confinement in the coming days. The government has just released…


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Minister of Economy Jean Castellini. Photo: Michael Alesi/DC

Monaco’s 2021 Preliminary Budget Reveals €114.5 Million Deficit

Minister of Finance and the Economy Jean Castellini has revealed a draft of Monaco’s 2021 budget, which the National Council will vote on next month. For the first time since 2015, the preliminary budget shows a deficit of €114.5…


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Curfew, Closures And Other Changes In Monaco

Curfew, Closures And Other Changes In Monaco

Monaco confirmed eight cases of Covid today for a total of 74 over the past week. Sunday marks the beginning of Monaco’s strict month-long curfew from 8 p.m. to 6 a.m. A few exceptions include for professional, medical or family…


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No Lockdown For Monaco, Curfew From Saturday

No Lockdown For Monaco, Curfew From Saturday

In a 3-minute speech at 8 p.m., Prince Albert addressed the nation regarding the current Covid pandemic, stating that Monaco will reinforce health protocol to stop the virus from spreading. From midnight November 1 a one-month curfew will…


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What Does France’s Second Lockdown Look Like?

What Does France’s Second Lockdown Look Like?

Prime minister Jean Castex has robotically rolled out the conditions of France’s second confinement, which starts at midnight Thursday, October 29, and runs until Tuesday, December 1.   Before making the announcement, he addressed…


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The Attestation Is Back! France Heads Into 7-Week Lockdown

The Attestation Is Back! France Heads Into 7-Week Lockdown

As the sobering news that France recorded nearly 70,000 Covid cases over the past two days sunk in, French president Emmanuel Macron informed the nation that a 7-week countrywide lockdown would begin from Thursday, October 29 at midnight. The…


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If Macron Announces Second Lockdown Today, Will Monaco Follow?

If Macron Announces Second Lockdown Today, Will Monaco Follow?

French president Emmanuel Macron is scheduled to address the nation Wednesday at 8 p.m. regarding stricter measures to combat the spread of Covid. Despite the president’s tweet in August “To overcome the health crisis, we must learn…


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CleanEquity Monaco 202 Winners.

“We Must Face Global Challenges Together,” Says Prince Albert At CleanEquity Monaco

Every March since 2008, CleanEquity Monaco, the world’s most transformative cleantech event, has taken place in the Principality. The invitation-only event has raised more than $1.7 billion (€1.41 billion) by 300 attending companies.…


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Conseil National de Monaco Stephane Valeri

Monaco National Council President Tests Positive For Covid, Country Sees A Spike In Cases

On Monday, the National Council confirmed that president Stéphane Valeri, has tested positive for Covid. Despite having few symptoms, Valeri, who was elected to lead the assembly in 2018, underwent a PCR test. His condition is stable…


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Monaco prime minister Pierre Dartoux

Curfew “Not Justified” In Monaco, Says Prime Minister

In a televised address at 7 p.m. on Friday, Monaco prime minister Pierre Dartoux said that while the country is experiencing a second wave of coronavirus that “is less worrying than elsewhere,” the situation “remains serious.”…


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French prime ministre Jean Castex

Here We Go Again: Alpes-Maritimes Heads Into 6-Week Curfew. Is Monaco Next?

UPDATE: For the first time France has recorded 41,622 new Covid cases over the past 24 hours. Monaco confirmed eight cases although the government says it will not introduce a curfew. Further details expected Friday. This afternoon French…


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Monaco Resident Fined For Registering Russian’s €260,000 Lamborghini

Monaco Resident Fined For Registering Russian’s €260,000 Lamborghini

As Monaco authorities continue to crackdown on residents fronting addresses for non-residents, a Dane has been given a €5,000 fine with a three-month suspended sentence for registering a foreigner’s vehicle in the Principality. A…


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Monaco Opens Third Port With Longest Concession In The Mediterranean

Monaco Opens Third Port With Longest Concession In The Mediterranean

After three years, and despite Covid-related delays, the Société Monégasque Internationale Portuaire (SMIP) opened the Cala del Forte marina in Ventimiglia last Thursday. It was an historic and highly symbolic moment as…


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EU Announces Guidelines For Travel To Ensure Free Movement During Covid

EU Announces Guidelines For Travel To Ensure Free Movement During Covid

Following a meeting in Luxembourg on Tuesday, envoys for the 27 European Union member states have decided upon a series of travel guidelines as a second wave of Covid crashes across the continent. “The Covid-19 pandemic has disrupted…


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SBM Group CEO Jean-Luc Biamonti

As SBM’s Q2 2020 Turnover Plummets 74%, Group Is Forced To Make Job Cuts For First Time In 150 Years

When Guy Antognelli, director of tourism and congress, revealed on September 24 that occupancy rates of hotels in Monaco were down this summer compared to last—-39% in July and -23.5% in August—he stated, “While the numbers…


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SNCF And Bus Services Stop From Monaco As Storm Warnings Intensify Friday

SNCF And Bus Services Stop From Monaco As Storm Warnings Intensify Friday

UPDATE: Nice-Côte-d'Azur airport is operating normally Saturday morning after closing last night due to deteriorating weather conditions. SNCF trains will resume from midday, while bus lines have already resumed service. Nice-Côte-d’Azur…


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Monaco-Milan Train Service To End 2021

Monaco-Milan Train Service To End 2021

Thello rail, a wholly owned subsidiary of Trenitalia, is reportedly set to axe its Milan-Marseille service via Monaco in 2021. The CFDT union said in a statement that Thello “is preparing to cease the so-called day train activity created…


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‘Don’t Stand So Close To Me’ Singer Honored At Prince’s Gala, And In Other Monaco News: Eco Yachting, Tourism, Art, Electric Cars And Covid

‘Don’t Stand So Close To Me’ Singer Honored At Prince’s Gala, And In Other Monaco News: Eco Yachting, Tourism, Art, Electric Cars And Covid

On Thursday, September 24, Prince Albert ad Princess Charlene hit the blue carpet welcoming Helen Mirren, Kate Beckinsale and Andy Garcia, the Masters of Ceremonies at the 2020 Monte-Carlo Gala for Planetary Health. In the days of Covid, limited…


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Bringing Home The Bacon Collection

Bringing Home The Bacon Collection

Article first published in Forbes Monaco June/July 2020 issue. Majid Boustany's secret cultural gem in Monaco. It was what the French call un coup de foudre - an electrifying jolt that compels you to follow a sudden attraction, wherever…


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Hotel Metropole Monte-Carlo

Hotel Metropole Monte-Carlo Wins World’s 'Most Unique Guest Experience'

The Hotel Metropole Monte-Carlo, owned by billionaire brothers Fadi and Majid Boustany, has been named Best Hotel Service in Monaco, Best Luxury Hotel in Monaco, Best Romantic Hotel in Monaco and Most Unique Guest Experience in the World at…


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Prince Albert’s Planetary Health Week Tees Off With Golf Day

Prince Albert’s Planetary Health Week Tees Off With Golf Day

The Monaco Yacht Show should have been bedecking Port Hercules with 125 glistening yachts and 580 exhibitors this week. Instead, due to its cancellation from Covid, various Monegasque entities have joined forces to organize a 3-day conference…


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Monaco Port

Monaco’s Turnover Drops 13% In Q2 But €165M Deficit Budget Is “Better Than Expected,” Minister Says

Monaco’s Institute for Statistics and Economic Studies (IMSEE) released today its latest Economic Bulletin for the months of April to June 2020, figures that reflect a period of confinement and partial resumption of activities. Director…


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Monaco Parents Petition For Right To Decide Whether Students Should Wear Masks

Monaco Parents Petition For Right To Decide Whether Students Should Wear Masks

Students from the age of six attending schools in Monaco have been wearing masks in the classroom since the new school year started on September 7.  Reacting to the controversy, in an online petition titled “Libre choix…


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Pascal Camia

The Man Holding All The Disposable Cards

Article first published in Forbes Monaco June/July 2020 issue. What should have been a record-breaking month for SBM turned out to be the biggest loss in turnover in the company’s 157-year history due to the Covid lockdown. Now the Group…


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Partial Lane Closures Sunday For Bike Day, New Carpooling Service In Monaco

Partial Lane Closures Sunday For Bike Day, New Carpooling Service In Monaco

In an exclusive interview in the current September/October issue of Forbes Monaco, Prince Albert talks about the country’s objective “to reduce the current car traffic by 20% by 2030” and how eco-mobility is “starting…


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Berit Legrand with Prince Albert

Monaco Resident Tackles Billion Dollar Cost Of Marine Plastic Pollution

In its 2019 report “The Price Tag Of Plastic Pollution,” Deloitte estimated the annual cost of marine plastic pollution—some 80% of which is tied to land-based sources like bottles, bags and plastic packaging—between…


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A Real Name Changer

A Real Name Changer

Article first published in Forbes Monaco June/July 2020 issue. Kory Tarpenning has spent his entire life setting the bar higher, literally. The former U.S. Olympic pole vaulter is now redefining luxury franchising in Monaco with mega brands…


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Why Princess Charlene’s Foundation Is A Win For Monaco

Why Princess Charlene’s Foundation Is A Win For Monaco

On Sunday morning, standing outside the Yacht Club where the official finish line of the 24-hour Calvi-Monaco Water Bike Challenge was awaiting the arrival of Princess Charlene and her victorious Team Serenity, I was reminded of what makes…


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Compagnie Monégasque de Banque CEO Francesco Grosoli 

CMB Looks “Ahead”

Today CMB officially reinvented its corporate identity with its “Banking Ahead” campaign—and the rebranding comes complete with a name change. Compagnie Monegasque de Banque has been legally renamed CMB Monaco to appeal to…


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Princess Charlene and Connor McGergor  PHoto © Olivier Huitel

And They're Off! Princess Charlene’s Epic 180k Water Bike Challenge For Charity Is Under Way

At approximately 1 p.m. Saturday, Princess Charlene’s Calvi-Monaco Water Bike Challenge set off from the port of Calvi on Corsica’s northwest coast. The former Olympic swimmer will be pedaling on a water bike as part of a 180-kilometer…


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Masks Mandatory In 18 Towns In The Alpes-Maritimes From 8 a.m.

Masks Mandatory In 18 Towns In The Alpes-Maritimes From 8 a.m.

The prefecture of the Alpes-Maritimes has issued a decree making it mandatory for anyone over the age of 11 to wear a mask from 8 a.m. to 1 a.m. in 18 of the department’s most populated municipalities. Failure to comply could lead…


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Minister of economy and finance Jean Castellini, minister of state Pierre Dartout and minsiter of social affairs and health Didier Gamerdinger

Monaco Announces €75M Color-Coded Stimulus Plan: Which Color Are You?

Over the past week, 23 people (including 4 today), have tested positive for coronavirus in the Principality. With Monaco's economy struggling after a quasi-touristy Covid summer, minister of state Pierre Dartout unveiled the government’s…


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Art Basel And UBS Survey: Why Millennial Collectors Are The Future

Art Basel And UBS Survey: Why Millennial Collectors Are The Future

Art Basel and UBS have just published a High Net Worth survey The Impact of Covid-19 on the Gallery Sector, a study of how the Covid pandemic has effected 795 galleries operating in the Modern and Contemporary gallery sector, representing…


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Caroli Immo Could Waive €141M Payout From State

Caroli Immo Could Waive €141M Payout From State

Following the Monaco Supreme Court ruling on June 25 in favor of Caroli Immo in its case against the State, Prince Albert announced today that he has commissioned his government to find common ground with the realtor in exchange for his waiving…


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Monaco Port Hercules Yacht Club Forbes Monaco

The Price Of MegaYacht Confinement: Lady Tina Quarantined In Monaco Port

Maneuvering in and out of Port Hercules in Monaco has been complicated this past week with the 90-megayacht, Lionheart, anchored near the digue after two crewmen tested positive for Covid.  Owner, Lady Tina Green, who…


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Is It Mandatory To Quarantine When Returning To Monaco?

Is It Mandatory To Quarantine When Returning To Monaco?

In recent weeks, the U.K. and Switzerland have classified Monaco as a “risk area” and consequently added it to a list of quarantine countries. But are Monaco residents required to self-quarantine after returning from a trip to the…


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Flavio Briatore Hospitalized With Covid, Cipriani Monaco Closes Temporarily

Flavio Briatore Hospitalized With Covid, Cipriani Monaco Closes Temporarily

As Monaco confirmed six residents have tested positive for coronavirus on Tuesday, it was reported ex-Formula One Renault boss, Flavio Briatore, was hospitalized in Milan after contracting Covid-19. According to the Italian magazine L'Espresso,…


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Cote d'Azur Added To Germany Quarantine List, Nudists In France Must Wear Masks

Cote d'Azur Added To Germany Quarantine List, Nudists In France Must Wear Masks

Last night, Germany classified Provence-Alpes-Côte-d’Azur and Paris/Île-de-France as “risk areas,” where they see an “increased risk of infection” of the virus. Monaco was not added to the list. Warning…


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Coronavirus School Classroom

This Week In Monaco: Coronavirus Reporting, Sass Closes, Swiss Quarantine, And Back To School

As of Saturday, August 22, Monaco has decided to align its reporting of coronavirus cases with that of the World Health Organization and neighboring countries in the region. From now on, all confirmed Covid cases in the government’s daily…


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Emirates Airlines at Nice-Côte-d'Azur aiport. Photo: Eric Salard.

Emirates To Fly All 143 Destinations By Summer 2021, But Global Passenger Traffic Won’t Resume Until 2024 Says IATA

On Thursday, Emirates Airlines COO Adel Al-Rheda told CNBC that the state carrier expects to resume flights to all 143 “network destinations” by next summer. “We can easily say, by summer (2021), we’ll be serving…


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Alpes-Maritimes Likely “High-Risk” By Weekend, Schools Reopening And Tour de France Still A Go

Alpes-Maritimes Likely “High-Risk” By Weekend, Schools Reopening And Tour de France Still A Go

While Covid cases in Monaco have leveled off the past few days, only two new confirmed infections since Saturday, Public Health France has reported today that the Alpes-Maritimes department is expected to reach and cross the threshold…


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Monaco And France Added To U.K. Quarantine List From Saturday

Monaco And France Added To U.K. Quarantine List From Saturday

At midnight Thursday, U.K. Transport Secretary Grant Shapps confirmed that people traveling to the U.K. from France and Monaco will be “forced” into a two-week quarantine from Saturday, August 15. The measure, which kicks in from…


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Masks Now Mandatory In Some Outdoor Spots In Monaco, Covid Alert Level Rises In Alpes-Maritimes

Masks Now Mandatory In Some Outdoor Spots In Monaco, Covid Alert Level Rises In Alpes-Maritimes

As five new Covid cases have been confirmed in Monaco Tuesday, the government has announced extended Covid measures concerning the wearing of masks in public spaces outdoors. From Wednesday, August 12, wearing a mask is now obligatory…


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Minister of State Serge Telle and Minister of Interior Patrice Cellario

Minister Of State Extends Financial Support To Monaco Workforce

According to Monaco’s official statistics office, IMSEE, the country counted 53,454 employees in March 2020. This figure is 3% less than 2018, due to the lack of recruitment for industry events, like the Grand Prix, and seasonal summer…


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Passengers From Nice Quarantined In Oslo As France Becomes A Red Zone

Passengers From Nice Quarantined In Oslo As France Becomes A Red Zone

The Norwegian ministry has announced that 158 passengers on a Nice-Oslo flight must undergo a 10-day quarantine after arriving in Norway one minute past midnight on Saturday, the day when Norway officially classified France as a Covid “red…


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Lewis Hamilton and Valtteri Bottas Mercedes-AMG Petronas

F1’s Hamilton And Bottas Discuss Mental Health With UBS

UBS reported a net profit of $1.23 billion for the second quarter of 2020, down 11% from the same period last year ($1.4 billion) but still higher than the $973 million analysts expected. The investment bank, which is home to half the world's…


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Nice mayor Christian Estrosi with French prime minister Jean Castex in Nice on July 25, 2020.

Outdoor Mask Wearing Becomes Mandatory In Nice Other Cities Across France

UPDATE August 6: The Alpes-Maritimes prefect has issued a decree making it mandatory to wear a mask in eight municipalities in the department, including Nice and Vence. Anyone over the age of 11 in breach will face a fine of €135. Biot:…


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A Summer Without Jimmy’z In Monaco As Health Minister Hopes For Covid Vaccine

A Summer Without Jimmy’z In Monaco As Health Minister Hopes For Covid Vaccine

The good news is that the Monaco government hopes to have a coronavirus vaccine for residents and Monegasques for the first quarter of 2021. The bad news is that Jimmyz, and all other nightclubs in the Principality, aren’t likely to reopen…


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First Lessons Of The Crisis

First Lessons Of The Crisis

The coronavirus pandemic was an eye opener for everyone. As an unprecedented attack on our social order, our economy and our government, this unknown threat pushed each one of us, individually and collectively, to take unusual decisions.…


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A “Real Citrus Explosion” As Monaco Gin Officially Launches

A “Real Citrus Explosion” As Monaco Gin Officially Launches

According to market researcher Pulsar, London is the official gin capital of the world with 1.3 billion Gin & Tonics served in 2018. No wonder that La Distillerie de Monaco’s first batch of the spirit sold out in mere weeks after…


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Augustin de Romanet, Chairman and CEO Groupe ADP

Paris Airport Traffic Won’t Return To Normal Before 2024, Says CEO

In a press release Monday, Augustin de Romanet, Chairman and CEO of the international airport operator Groupe ADP, stated, “This is the first time in 50 years that air traffic has experienced a downturn this abrupt and it is established…


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SBM Offshore To Axe 180 Jobs In Monaco, Discussions Remain ‘Confidential’

SBM Offshore To Axe 180 Jobs In Monaco, Discussions Remain ‘Confidential’

For the thousand or so employees at SBM Offshore in Fontvieille, it has been a waiting game since the company announced on June 24 that it would axe 180 jobs in Monaco. Citing Covid-19 as “a catalyst” to restructuring, the…


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Crisis, What Crisis?

Crisis, What Crisis?

For the CEO of Barclays Monaco it is business as usual — even during a health pandemic. Within a year of his appointment as CEO of Barclays Monaco, Jean-Christophe Gerard was faced with more than just managing assets. When Monaco…


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PEE PAL

PEE PAL

Monaco entrepreneur launches ‘spray and walk away’ campaign to combat dog urine on the streets. Years before “eco-” was added to the Oxford English Dictionary in 2008, Monaco resident Margaret Hepburn…


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Princess Charlene Puts Up A Good Fight Against Conor McGregor For Charity

Princess Charlene Puts Up A Good Fight Against Conor McGregor For Charity

It was only five days ago that the 24-hour Calvi-Monaco Water Bike Challenge was announced, pitting two teams of four internationally famous athletes, including Princess Charlene, against each other as they ride hydrobikes over a distance of…


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Coronavirus test Monaco

Covid Testing Now In Monaco From €20 Per Patient

From July 15, anyone wanting to be tested for coronavirus in Monaco can do so at their own expense. Some 36,000 Monegasques, residents and employees in the Principality have volunteered since May 19 for the mass rapid TROD screening campaign…


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Monaco U.S. Celebrity Golf Teams Up With Local Artist At Castelroc

Monaco U.S. Celebrity Golf Teams Up With Local Artist At Castelroc

The recent cancellation of the Monaco Yacht Show in September seemed like the grand finale to the Year Without Events. The list of Covid Casualties is extensive, from the Rolex Monte-Carlo Tennis to the Monaco Grand Prix. The Monaco U.S.…


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Russian billionaire and president of AS Monaco Dmitry Rybolovlev.

Monaco Court Throws Out Case Of Russian Billionaire And Swiss Art Dealer

On Wednesday, the Court of Revision in Monaco dismissed the Bouvier Affair, five years after Russian oligarch Dmitri Rybolovlev filed a complaint for fraud and money laundering against the Swiss art dealer Yves Bouvier. The country’s…


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MonacoTech

MonacoTech Hails Electric Air Taxi In New Round Of Startups

MonacoTech, the government incubator partnered in 2017 with Xavier Niel, founder of Free mobile and No. 253 on Forbes Billionaires list, has just announced the latest five startups to join their accelerator program. On June 30, a jury of seven…


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HSBC France To Cut Jobs 38%, EU Predicts French Economy To Plunge 10.6%

HSBC France To Cut Jobs 38%, EU Predicts French Economy To Plunge 10.6%

HSBC France has just announced that it would cut 38% of global banking and markets jobs in France by the end of 2021. This means 255 of 678 jobs will be axed on a voluntary basis but, according to the HSBC’s FO union website, there would…


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L'Orange Verte restaurant Monaco

Power Lunch: L’Orange Verte

Article first published in Forbes Monaco June/July 2020 issue. When life throws you a green orange. This time last year, I was double fisting dessert at La Vigie. In one hand, a mini-cone of homemade chocolate ice cream dripping down my…


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Family Tests Positive For Covid In Monaco

Family Tests Positive For Covid In Monaco

Three members of a family living in Monaco have tested positive for coronavirus. According to the government on Thursday, July 2, this includes a sixth grade student from Charles III who was infected after a family member returned…


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Monaco On Post-Covid Economy, Cryptocurrency, PayPal—And Larvotto Beach Reopens Saturday

Monaco On Post-Covid Economy, Cryptocurrency, PayPal—And Larvotto Beach Reopens Saturday

In the current edition of Forbes Monaco, minister of state Serge Telle pens a special op-ed on “Lessons Learned From Covid” in which he talks about how the country is working on reviving the country’s dynamism that…


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Sleepwalking Through Covid-19: Time To Wake Up Civil Liberty

Sleepwalking Through Covid-19: Time To Wake Up Civil Liberty

On March 17 in Monaco, we were suddenly forced to accept restrictions of basic freedoms. Previously unimaginable, the liberty of leaving the house, going to a café or running a business was quashed as the worst public health emergency…


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Monaco Yacht Show

Monaco Yacht Show Postponed Until September 2021

In the year of Covid-19, the 30th anniversary of the Monaco Yacht Show (MYS) this September had already been downgraded from a prestigious mega-market show to a “low-density, not-for-profit, support event in Monaco.” Now, with much…


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Caroli Immo Wins €150M In Case Against State Of Monaco

Caroli Immo Wins €150M In Case Against State Of Monaco

Caroli Immo has been awarded €150 million in its case against the State of Monaco for the Esplanade des Pêcheurs project. The record-breaking payout came Thursday, June 25, after the Supreme Court ruled in favor of Antonio Caroli’s…


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Alan Walsh Gallery Monaco

New Art Gallery In Monaco Celebrates Formula One In Color

Monaco's newest art gallery promises to “bring art to brighten the world.” At the official launch party Thursday of the Alan Walsh Gallery on rue Grimaldi, the British artist tells Forbes Monaco, “After coming…


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Men’s World No 1 Tennis Player Tests Positive For Coronavirus

Men’s World No 1 Tennis Player Tests Positive For Coronavirus

Monaco resident, Novak Djokovic, has tested positive for Covid-19, the Serbian said in a statement today, despite showing no symptoms. “I am extremely sorry for each individual case of infection. I hope that it will not complicate anyone’s…


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Another New Coronavirus Case Monday In Monaco

Another New Coronavirus Case Monday In Monaco

For the second consecutive day, Monaco health authorities have reported a new case of coronavirus, bringing the total number of confirmed cases on Monday to 101. Tennis player Grigor Dimitrov, a Monaco resident who had just returned from a…


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Tennis Star Tests Positive For Coronavirus As Monaco Reports 100th Case

Tennis Star Tests Positive For Coronavirus As Monaco Reports 100th Case

On Sunday, Monaco's 100th case of coronavirus was confirmed. Although the person was not identified by the health authorities, tennis star Grigor Dimitrov posted on Instagram “I tested positive back in Monaco for Covid-19” around…


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Covid Dropouts: How CFM Indosuez Wealth Management And AMADE Are Keeping Students Connected

Covid Dropouts: How CFM Indosuez Wealth Management And AMADE Are Keeping Students Connected

In an interview with RTL radio last month, French education minister Jean-Michel Blanquer said blankly that the “consequences of not going to school are much more serious” than the 70 reported coronavirus cases amongst 40,000 students.…


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More Support For Economic Recovery In Monaco

More Support For Economic Recovery In Monaco

As of July 1, 2020, the government will launch a new Policy to Support Economic Recovery for businesses impacted by the health crisis. This new loan system, backed by the Monegasque Guarantee Fund, and in agreement with the Monegasque Association…


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35,000 People Tested In Monaco For Coronavirus, Results Published

35,000 People Tested In Monaco For Coronavirus, Results Published

On May 19, the government launched its Covid-19 serological screening campaign, which was made available for free to the 90,000 people that make up Monaco’s population and workforce. The drive ended on Saturday with nearly 35,000 people…


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A ‘Summer Unlike Any Other’ As France Lifts Restrictions And Opens Borders Monday

A ‘Summer Unlike Any Other’ As France Lifts Restrictions And Opens Borders Monday

In a televised address Sunday night, French president Emmanuel Macron said he was “accelerating plans” to ease the country’s coronavirus lockdown. “As soon as tomorrow, we will be able to turn the page on this first…


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UBS Sea Beyond The Blue

UBS Makes Impact With ‘Sea Beyond The Blue' As Monaco Shipping Brothers Partner With Optimus Foundation

It was no coincidence that as the UN kicked off World Ocean Week on June 8, UBS launched “Sea Beyond The Blue,” a guide on the oceans for philanthropists and changemakers. Oceans provide more than half of the oxygen we breathe,…


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Fabrice Marquet Monaco

The Business Model

After launching the country’s first incubator and accelerator program three years ago, serialpreneur Fabrice Marquet has branched out with Monaco Foundry, partnering with startups for the long run. After only two months, the outfit already…


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David Shilling

Millionaire Milliner Is Out Of This World—Almost

Hatmaker to the stars, David Shilling is about to become one of the first civilians in history to see the sun rise and set every 90 minutes, making Monaco the 19th nation to send an astronaut to space. Last summer, to mark the 50th anniversary…


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Felipe Massa Princess Charlene Foundation Virtual 24 Hours of Le Mans. Photo: ROKIT Venturi Racing

Massa Races At First Virtual Le Mans This Weekend To Help Princess Charlene Raise Money For Covid Vaccine

It was around this time last year, on June 15, when Princess Charlene brought the crowd of 250,000 to their feet as she waved the tricolor French flag to start the beginning of the 24 Hours of Le Mans, the epic “Grand Prix of Endurance…


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Coronavirus ‘Under Control' In France But Nice Airport T1 Won't Reopen Until March 2021

Coronavirus ‘Under Control' In France But Nice Airport T1 Won't Reopen Until March 2021

François Delfraissy of France’s scientific committee announced this morning that the Covid-19 pandemic in the country is now “under control.” This follows an appeal from the European Commission asking EU member states…


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New Head At Barclays Monaco

New Head At Barclays Monaco

On Friday, June 5, Olivier Franceschelli was appointed Head of Private Banking at Barclays Monaco. “Olivier’s arrival marks the next chapter of our almost 100-year history in the Principality, where we continue to bring the…


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How To Order Safely Off Menu In Monaco

How To Order Safely Off Menu In Monaco

Apart from the occasional mask wearer, you’d never know from a glance of Place du Casino or the Port that restaurant terraces had just reopened on June 2 after two and a half months of coronavirus lockdown. “People are definitely…


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March Chagall

History In The Making

Article first published in Forbes Monaco June/July 2020 issue. Opera Gallery Monaco reopens with a Modern and Contemporary Art exhibit, a narration of the greatest names from the past to the present. The year 2020 has given us much to…


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Blue Coast Brewing Company

Blue Coast Brewery Gets Crafty Post Lockdown

The idea to open a high-quality artisanal brewery in Monaco came to Natasha Frost-Savio and her husband Roberto Savio during a trip to the U.S. a few years back. The couple discovered the American craft beer market, which according to the Brewers…


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Monaco Most Expensive Property Per Square Meter

Monaco Remains World's Most Expensive Property, Says Savills

In its annual Monaco property report, Savills announced today that Monaco remains the most expensive prime residential market in the world with an average price per square meter now at €48,150. Of the country’s eight neighborhoods,…


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Coronavirus Serological Testing Monaco Finger Prick

43% Monaco Residents Tested For Coronavirus, Work Force Screenings From Tuesday

The government launched its Covid-19 serological screening campaign two weeks ago, allowing 90,000 people that make up Monaco’s population and workforce to be tested for free. Over the first phase of the resident-focused testing, 43%…


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Kate Powers StarsnBars

Reach For The Stars’n’Bars: Monaco’s Favorite Family Restaurant Reopens Tomorrow

UPDATE: As part of World Environment Day tomorrow, residents looking to dispose of small appliances and household waste can do so at Stars’n’Bars tomorrow from 10 a.m. to 5:30 p.m. Small appliances, cables, bulbs, neon lights,…


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Edouard Philippe French Prime Minister

France Enters Phase 2: “Freedom Will Become The Rule, Bans The Exception,” Says Prime Minister

As the French labor ministry reported today a 22.6% surge in unemployment over the last month making 4.5 million people in the country now jobless, prime minister Edouard Philippe unveiled phase 2 of deconfinement, which includes the reopening…


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French Economy Set To Shrink 20% Q2, Air France Reduces Flights By 40%

French Economy Set To Shrink 20% Q2, Air France Reduces Flights By 40%

On Wednesday, France’s official statistics agency, INSEE, announced the country’s economy is set to contract 20% in the second quarter from the previous three months. The virus-struck French economy officially fell into recession…


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CMB Raises €470,955 For Monaco Hospital

CMB Raises €470,955 For Monaco Hospital

Last month, in the middle of the Covid-19 lockdown, Compagnie Monégasque de Banque (CMB) launched a donation drive in support of Princess Grace Hospital Center (CHPG), appealing to both residents and non-residents. Over five weeks CMB,…


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Charles Leclerc Forbes Monaco

Leclerc To Drive Monaco Grand Prix Circuit Sunday, Attention Road Closures

It’s been a tough year for Formula One fans with the first nine races of the season, including Monaco, being cancelled due to the coronavirus pandemic. F1 is looking to start the season behind closed doors with the Austrian GP on July…


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Monaco Minister of Finance and Economy Jean Castellini and Minister of Social Affairs and Health Didier Gamerdinger

Monaco To Reopen Restaurants, Bars, Beaches, Casinos June 2, But Nightclubs, Gyms And Cinemas Will Have To Wait

Wednesday afternoon at the Ministry of State, the government provided details of Phase 3 of Monaco’s “Stop And Go” deconfinement strategy. Restaurants, bars, museums and casinos have all been given the green light…


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Coronavirus And Consular Services: What's Open For Americans in Monaco and France

Coronavirus And Consular Services: What's Open For Americans in Monaco and France

The March 17 Covid-19 lockdown in France impacted the U.S. Embassy in Paris and Consulate in Marseille much like other non-essential businesses. Offices transitioned primarily to staff working from home, though consular sections in both Paris…


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Monaco Starts Mass Coronavirus Testing Tuesday, First Schedule Released

Monaco Starts Mass Coronavirus Testing Tuesday, First Schedule Released

As part of its plan to test all 90,000 residents and employees in the Principality, the government has released the first schedule for coronavirus testing, which starts Tuesday, May 19. Families, both Monegasques and residents, with last names…


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First Weekend After Lockdown: What You Can Do In France

First Weekend After Lockdown: What You Can Do In France

Beaches Open Saturday Beaches in 13 municipalities in the Alpes-Maritimes will reopen from Saturday, May 16 but specific "dynamic" rules will apply. Swimming is permitted, and so is individual non-motorized water sports like SUP,…


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Free Covid-19 Testing In Monaco For Residents And Employees

Free Covid-19 Testing In Monaco For Residents And Employees

From next week, a Covid-19 serological screening campaign will kick off for the 90,000 people that make up Monaco’s population and workforce. The testing is completely free, paid for by the State, and on a volunteer basis. Each household…


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On The Rock: Monaco Gin Sells Out In First Run

On The Rock: Monaco Gin Sells Out In First Run

Philip Culazzo first made a splash in Monaco when he opened l’Orangerie, the country’s only distillery, just over three years ago. He started with a 100% made-in-Monaco liqueur using some of the Principality’s 600 bitter orange…


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Lifting of Lockdown In France Explained

Lifting of Lockdown In France Explained

Today, on France's 53rd day of confinement, prime minister Edouard Philippe confirmed details of easing lockdown measures on May 11. In his discourse, the French prime minister emphasized that May 11 represents a progressive start…


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Scrubs4Heroes Takes Couture in Monaco to U.K. Hospitals

Scrubs4Heroes Takes Couture in Monaco to U.K. Hospitals

Monaco resident Isabell Kristensen has dressed some pretty fancy people, from Nicole Kidman to Kate Winslet, and from Cher to Dame Bassey. Remember Shirley’s Goldfinger gown at the 2013 Oscars? It was the Danish designer who hand sewed…


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As Lockdown Ends, Monaco Heads To The Balcony One Last Time

As Lockdown Ends, Monaco Heads To The Balcony One Last Time

Well Monaco, you’ve done it. After 49 days of confinement, from tomorrow, you are free to roam outside your home for as long as you wish and without purpose. Seems like it was just yesterday when we had a collective meltdown with the…


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Monaco Minister of State Serge Telle

Monaco’s ‘Stop And Go’ Lockdown Exit Strategy: ‘Residents Can Move Freely’ From May 4

Monaco reported no new coronavirus cases Tuesday. Of the 95 confirmed cases, 50 have now recovered completely and only 24 are being supervised under the Home Patient Monitoring Center. Four people have died, although only one was a Monaco resident.…


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French Prime Minister Edouard Philippe

Lockdown Lowdown In France: What To Expect From May 11

UPDATE:  NO MORE ATTESTATIONS. Attestations to leave home will no longer be necessary from May 11. But "travel more than 100 km from home" will be prohibited, except for "compelling reasons, family or professional."…


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TedXMonteCarloSalon virtual session

TedXMonteCarloSalon Is Back Wednesday With 'Monaco And The Economy'

It’s on everyone’s mind: the economy. Tonight at 7 p.m. on Monaco Info, minister of state Serge Telle, alongside his peers, including minister of finance and economy, Jean Castellini, will be detailing Monaco’s first phase…


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Amazon France

Amazon Loses Appeal, Deliveries Remain Limited During Covid-19 Pandemic

A French court rejected an appeal from U.S. online retailer Amazon against a ruling that limits what it can deliver during the coronavirus crisis. Amazon must restrict deliveries in France to IT products, health items, food and pet food, the…


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Coronavirus France Emmanuel Macron

Masks To Be “Recommended” Not Mandatory In France, Stores Could Reopen May 11

President Macron held a marathon videoconference today with 22 mayors from across France, including Christian Estrosi in Nice and David Lisnard in Cannes. Addressing life post-lockdown from May 11, the president assured that “a national…


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Coronavirus Masks Monaco

France Passes Coronavirus Peak, Mask Distribution Around Monaco

Yesterday, Jérôme Salomon, the director of the French public health authority, said the coronavirus has passed its peak in France, although Paris remains a hotspot. Salomon, a French infectious diseases physician, also stated that…


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Deliveries Forbes Monaco

No New Coronavirus Cases, No Amazon Deliveries

For the third consecutive day, health authorities have confirmed that there are no new cases of coronarvirus in Monaco. Only one case has been reported in the last 8 days. Of the 94 cases, 23 have now fully recovered. 7 are in hospital, 3 of…


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Coronavirus Monaco

Distribution Of Free Masks For Monaco Residents From Friday

As Monaco announced the fourth consecutive day with no new Covid-19 reported cases, Didier Gamerdinger, minister for social affairs and health, addressed the issue of masks, screening tests and digital tracing in Monaco. From tomorrow,…


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Amazon To Shut French Warehouses April 16-20

Amazon To Shut French Warehouses April 16-20

According to an internal document seen by Reuters, American e-tailer giant Amazon will close six fulfillment centers in France from tomorrow until Monday, April 20. This follows a ruling Tuesday from the French courts in Nanterre stating…


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Emmanuel Macron France

Macron Deals Economy Further Blow By Extending Confinement Until May 11

In his third prime-time televised address to the nation, President Emmanuel Macron announced Monday, April 13, that the confinement period in France would be extended until May 11. Outlining his confinement exit strategy, the president said…


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CMB Bank Monaco

CMB Launches Fund-Raising Campaign In Favour Of Princess Grace Hospital Center

The Compagnie Monégasque de Banque has taken the initiative, in agreement with the Princess Grace Hospital Centre, to start collecting donations, helping the Monegasque community to participate in the drive for national solidarity. …


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Isabel Kristensen and Princess Margarita

Belles Of The Ball

Designers Isabell Kristensen and Princess Margarita steal the show. Monaco’s only couture designer, Isabell Kristensen, and Princess Margarita, member of the Dutch Royal family, hit the runway together for the Dutch Real…


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Ian Sosso

Head Of The Class

As the EU plans to launch a $3.9 billion fund for Valley of Death startups from 2021, Ian Sosso has just returned from Brussels where he led a workshop advising the European Commission on how to turn intellectual property developed by universities…


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Coronavirus Monaco

Two New Cases In Monaco, Clinical Trials, Exit Strategy And Coronabonds

On Tuesday, April 7, two more tests in Monaco were confirmed Covid-19 positive bringing the total number of cases to 79. On a positive note, four people have now completely recovered. Nine remain in hospital, with four in intensive care, and,…


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coronavirus Monaco

Second Patient Dies From Coronavirus In Monaco

UPDATE: On Sunday, April 5, seven more cases of coronavirus were confirmed in Monaco, bringing the total to 73. In a statement today, Prince Albert said, “Let us keep the spirit of unity and solidarity flowing with courage and patience.…


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Coronavirus Monaco

Four New Coronavirus Cases In Monaco Friday, Testing And Other Updates

Four more Covid-19 cases were confirmed in Monaco on Friday, April 3. That’s 64 people now infected, with 60 active cases as a third patient has made a full recovery. One patient, an octogenarian, who was not a resident of Monaco,…


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Roger Moore

Bond Will Be Back

A global virus epidemic may have spoiled Bond’s premiere plans for April, but it can’t stop the world’s ultimate spy from hitting the big screen this fall. Call it a case of remarkable foreshadowing. Or simply one filmmaker’s destiny,…


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Jerome Solamito

The Brew Master

Jerome Solamito is part of a new generation of Monegasques who believes in the commodity market. And he is betting big on coffee. Back in 2018, Monegasque Jerome Solamito, along with a few friends, cofounded Jorgensen Foods, a pure-play…


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Chantier Monaco

Larvotto Construction To Resume

Marie-Pierre Gramaglia, minister of public works, the environment and urban development, has just announced the €2 billion Larvotto land extension site will reopen. “This project is essential for the development of the Principality,”…


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Prince Albert

Prince Albert Gets Clean Bill Of Health After Coronavirus

Prince Albert is no longer in quarantine after he was confirmed to have coronavirus on March 19. A press release stated that the Sovereign’s doctors have given him a clean bill of health and that he will soon reunite with his family. Like…


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Sir Jim Ratcliffe

Ratcliffe To The Rescue: Monaco Resident To Make Million Bottles Of Hand Sanitizer in France

The British chemical company INEOS, the chemical company founded by Monaco resident Sir Jim Ratcliffe, released a statement today saying it will build a third hand sanitizer plant in France in 10 days to help with a European shortage. “It…


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Monaco doctor

47 Patients Supervised Under Covid-19 'Home Patient Monitoring Center' In Monaco

As of yesterday, Monaco counted 33 confirmed cases of coronvirus. The first case, a twentysomething male diagnosed on February 28, has fully recovered, making the number of active cases as 32 . On Tuesday, March 24, minister of social affairs…


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Benoîte de Sevelinges head of Princess Grace Hospital Center CHPG

Rapid Coronavirus Testing Coming Soon, Says Monaco Hospital Director

Benoîte de Sevelinges, head of Princess Grace Hospital Center (CHPG), has released a statement regarding the unprecedented Covid-19 health crisis facing Monaco’s hospital. In a press release, the 38-year-old director states…


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Pharmacy Monaco

What’s The Deal With Hydroxychloroquine?

As the number of confirmed coronavirus cases in Monaco continue to rise, currently at 33, including one recovery, the National Council has asked the government to authorize doctors in the Principality to prescribe hydroxychloroquine to…


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Two More Test Positive For Coronavirus, National Council Pushes For Hydroxychloroquine

Two More Test Positive For Coronavirus, National Council Pushes For Hydroxychloroquine

As Monaco enters its second week of lockdown, two more coronavirus cases were reported today, bringing the total confirmed cases since February 28 to 33. From Friday, March 20, to Wednesday, March 25 cases in the Principality spiked 61.2%. …


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Prince Albert

Prince Albert On Road To Recovery

The Palace continues to update the population on Prince Albert’s health. Having been confirmed to have coronavirus a week ago, the Prince continues his road to recovery, overseen with daily visits from his doctor and specialists…


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Sales Ammunition USA

Forget Toilet Paper, Americans Stockpiling Guns And Ammunition

According to the online retailer Ammo.com, sales over the past month of ammunition in the United States have been “massive.” "While people have stockpiled toilet paper, hand sanitizer, and pantry essentials, they've also…


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Serge Telle minister of state Monaco

€1,000 Bonus For Monaco Public Service Workers

Serge Telle, minister of state, told Monaco-Matin in an interview on Wednesday afternoon that Prince Albert has asked for an exceptional bonus to be paid to public service workes who have been involved in the unprecedented coronavirus…


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Monaco

When Billionaires Social Distance

As my father was an epidemiologist and renowned professor of infectious diseases, I cannot help but to bring some sense of context in the midst of the COVID-19 epidemic and its consequences on the world economy. According to the Centers…


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Prince Albert II of Monaco

'Greatest Crisis Since World War II," says Prince Albert

Prince Albert has responded to a letter addressed to him from the National Council of Monaco. The open letter, signed unanimously and sent at noon, called for the government and the National Council to work in collaboration to overcome the…


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Monaco Streets To Be Disinfected

Monaco Streets And Elevators To Be Disinfected

As of Monday 5 a.m., Monaco’s sanitation company (Société Monégasque d'Assainissement, or SMA), began disinfecting public spaces in Monaco, including sidewalks and elevators. The minster of public works, the environment…


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Monaco Telecom

Monaco Telecom Offers Free Channels

Forget Netflix and chll, from this morning, Monaco Telecom is offering customers free access to its boutique package of 28 entertainment channels. All customers with a Monaco Telecom TV box will also have free access to 5 channels…


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Zeljko Franulovic

Net Loss

The coronavirus has brought no love to the Rolex Monte-Carlo Masters, as director Zeljko Franulovic is forced to cancel next month’s tournament. On a typical mid-April day at the Monte-Carlo Country Club, a boisterous outdoor…


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Monaco Port

What Monaco Wants

Unfathomable that we’ve produced 6 issues since our launch at the Yacht Club in November 2018 when we unveiled our first Forbes Monaco cover, which honored Shanu S.P. Hinduja, whose family ranks as the 65th richest in the…


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Port Monaco

Getting Your Monegasque License

A new law came into effect in July 31, 2019, making it mandatory for newcomers holding a foreigh driving license to apply for a Monegasque license (€80) within a year of acquiring residency in Monaco. After this 12-month period,…


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Port Monaco

Size Matters in Monaco

We have entered a new era of luxury. The gigayacht. A recent ranking by Bloomberg of countries with the most superyachts within two miles of their coastlines between April 15 and April 18 2019 revealed that the U.S. topped the list with…


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One Monte Carlo SBM Monaco

Being Unique

There are few surprises on this year’s most valuable brands list (see p. 13) as five of the top companies have long been the kings of capitalism. They have perfected the art of strategizing to attract and hold on to customers. Over…


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Monaco Grand Prix 2019

Monaco Grand Prix: It’s In Our Genes

Motor racing is a lifelong passion of mine. Coming from a country that has produced many racecar drivers, some iconic, I guess this passion developed naturally. I can recall as early as my teens, back in 1974, how exciting it was…


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Chinese President Prince Albert Monaco

A Milestone For Monaco

The first ever visit to Monaco by a Chinese head of state on March 24 was historic, marking the deepened political trust and unique cooperation between the two countries since diplomatic ties began in 1934. The images of President Xi Jinping’s…


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Forbes Monaco first issue cover Hinduja

Progress Checker: Then Vs. Now

The idea for a Monaco edition of Forbes came into play around the time the iconic title celebrated its centennial in September 2017. In his editorial “The First 100 Years,” Steve Forbes, Chairman and Editor-in-Chief…


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Publishers Luiz F. Costa Macambira and  Pierre-Antoine Racine

A Blueprint to Living the “Forbes Life”

EACH OF US has a wildly different idea of what makes Monaco unequivocally magical, but, whatever your expectations, it’s pretty near impossible not to fall in love with this tiny Principality. Whether it’s watching one of the…


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