Articles

2019 01 14 Laure Robert CMB

The strong growth in Responsible Investment and Sustainable Development in recent years comes in response to investors rising to meet the challenge of the future. The Criteria Environmental, Social and Governance (ESG) are the pillars of ethical investment. At the Compagnie Monégasque de Banque (CMB), this reality has been a part of our work for a long time.

2019 01 Mercadal DelasallesFrançoise Mercadal-Delasalles is General Manager of the Crédit du Nord group. After being a director in the Budget Department of the Ministry of Economy and Finance for ten years, this young woman and ENA graduate became Deputy Secretary General of the Caisse des Dépôts, then Director of Resources and Innovation in the Société Générale group. The national digital board member is passionate about innovation. We met her in Monaco.

2019 01 07 Prost Dumont

The start-up financing journey exists in a complex ecosystem, one which involves numerous and sometimes very different players, which often lack any connection.

2019 01 03 Laurent Anselmi

AMAF (Association Monégasque des Activités Financières – Monegasque Association of Financial Activities) welcomed Mr Laurent Anselmi, Director of Judicial Services, for a lunch conference on financial crime on 6 November.

2018 12 31 financements europeens

Monaco currently has two coexisting government programmes to offer financing to companies that develop innovative projects: * the Monegasque Fund for Innovation * the Monegasque “EUREKA” fund.

2018 12 24 innovation

Monaco is a land of innovation. It is the very essence of development and economic stability in the Principality. For more than 150 years, Monaco has made a series of bold and innovative decisions demonstrating its incredible spirit of enterprise and constant ability to reinvent its economic model. Monaco as we know it today was founded in 1861 after the loss of 90% of its territory. Faced with this critical situation for the Principality, Charles III decided to entrust François Blanc with the creation of the Casino of Monte-Carlo in 1863 and design a unique economic model to ensure steady development for the state and the population. Since that time, the successive Princes have continued to develop Monaco by keeping its economy in step with the major international movements and allowing it to prosper - scientific research (Albert I), tourism and sport (Louis II), property and the banking industry (Rainier III). In line with this tradition, His Serene Highness Prince Albert II outlined his vision for Monaco in his investiture speech. The future of Monaco is based on three elements: attracting talented individuals and investors, training for young people abroad, and a culture of risk taking. His vision is particularly relevant because for the past 20 years and since the arrival of the internet, the established patterns have been turned upside down.

2018 12 20 cema mff

By creating the Club of Monegasque Entrepreneurs in Africa (CEMA) in 2014, the founding members were firstly paying tribute to their enduring links with the continent, their mutual ‘genes’. Their objective is to strengthen these links and to exchange experiences, information and good business practices . More broadly, this thought and action initiative of Monaco-based entrepreneurs in Africa fosters the organisation of bilateral events around prominent African personalities who will share their vision of tomorrow’s Africa.

2018 12 13 imseeToday, the Monegasque Institute of Statistics and Economic Studies (IMSEE) published the Gross Domestic Product (GDP) results. For the year 2017, this amounted to EUR 5.68 billion compared to 5.85 billion in 2016. Monaco's GDP declined by -3.5% (in volume terms, adjusted for inflation - see Table 1)*, mainly due to two sectors, construction and other service activities, the same sectors that produced the growth in 2016.

2018 12 19 confidentialite donnees

Just another crisis or one scandal too many for Facebook? Having already been accused of spreading fake news, the world’s biggest social network will struggle to escape from the media storm that has been battering it since mid-March without making any concessions. The revelations surrounding Cambridge Analytica’s siphoning off of its users’ data and the fact that it may have been used as part of Donald Trump’s online campaign have taken a heavy toll on the stock’s share price.

2018 12 14 conference surete publiqueOn Wednesday 5 December 2018, the Police Department, in partnership with the Monaco Association for Financial Activities (AMAF), held a conference and debate at the Auditorium of Monaco's Vocational and Catering School (Lycée Technique et Hôtelier) on issues related to security in the Principality of Monaco.

2018 12 12 monaco luxembourg

Monaco Minister of State Serge Telle and Luxembourg Prime Minister Xavier Bettel signed a declaration of intent launching constructive dialogue between the two governments on digital issues. The declaration is the culmination of discussions between teams from Luxembourg’s Government IT Centre (CTIE) and the Office of Monaco’s Country Chief Digital Officer, Frédéric Genta.

2018 12 10 ministre etat ccaf

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 on financial activities. It is an independent administrative authority that is responsible for supervising the financial activities of the Monegasque financial sector.

2018 12 10 smc

There is abundant literature about banks’ contribution to startups in MonacoTech’s sphere of influence, but the reverse is rarely true. And yet, the creation of a home-grown Monegasque incubator allows financial establishments on the market, particularly those that support companies and innovation, to establish close relations with a trusted intermediary between them and the innovative companies.

2018 12 Jean Philippe MullerIUM, the International University of Monaco - an INSEEC group partner - draws its strength from the cultural diversity and dynamism of Monaco. 75 different nationalities are represented by its student body and teaching staff. Among the five specialisations taught at the university - finance, luxury industry, international management, marketing and sports management - finance holds a special place. As its director, Jean-Philippe Muller, explains:

2018 12 richelieu

In December 2017, Société Générale de Banque au Liban bought out several KBL European Private Bankers subsidiaries. In July 2018, Banque Richelieu France (formerly BL Richelieu Private Bank), Banque Richelieu Monaco (formerly KBL Monaco Private Bankers) and Richelieu Gestion (formerly KBL Richelieu Gestion) formed a new group named La Compagnie Financière Richelieu. Philippe de Fontaine Vive, former Vice-President of the European Investment Bank, became its Managing Director. Meet him.

2018 12 ecosoc rougaignonAfter 27 years at the Economic and Social Council, including six terms as President, André Garino did not wish to be reappointed to this position.