Living in Monaco
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Mr Jean CASTELLINI, Minister of Economy and Finance, offers a review of 2021 and the first quarter of 2022, covering the COVID crisis, the Expo in Dubai and the conflict between Russia and Ukraine, among other things... Monaco’s financial sector is holding up and striving determinedly to be a responsible industry.
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On 9th November last, the Monaco Association of Financial Activities (AMAF) launched the new annual edition of its magazine Monaco For Finance, a tool to promote the attractiveness of the financial centre.
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As part of the Extended Monaco programme, the Prince’s Government is continuing the digital transformation of its administrative services, with the aim of simplifying formalities for residents of the Principality and foreigners wishing to move to Monaco. The strategy for welcoming new residents is a key plank of the new policy adopted by the Prince’s Government to enhance the Principality’s attractiveness.
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During the 257th meeting of the AMAF Bureau on May 24, Mr. Etienne FRANZI, President of the AMAF, welcomed Mr. Frédéric GENTA, Interministerial Delegate for Attractiveness and Digital Transition.
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The Principality's attractiveness is an essential condition for its development. The challenge is to know how to meet the expectations of residents, investors, companies, employees and
and tourists. Thus, it concerns all the themes of government action.
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While Monaco has long-been an attractive financial centre, particularly for family capital, to hold onto this position requires it to evolve to become more sustainable.
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SICCFIN Director Michel Hunault is also Chair of the MONEYVAL Delegation, which is responsible for the Principality’s National Risk Assessment (NRA 2).
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National Risk Assessment (NRA), teleworking, bill on unfair dismissals, the National Council has had a very busy year, as its President, Mr Stéphane VALERI, confirms.
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Frédéric Genta, Country Chief Digital Officer for the Principality of Monaco, is transforming the country into a high-performance smart city. Digital technology is now a significant contributor to Monaco’s attractiveness.
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Brought up on science fiction, we have often pitted man against machine, but in the world of finance, it is by working together that they produce the best outcomes.
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While 2021 was also hit by the pandemic, Monaco continues to steer a course towards innovative governance while protecting the financial industry and the dynamic nature of the wider Monegasque economy. Interview with Mr Jean Castellini, Minister of Finance and Economy.
