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Topic: Economy of Monaco


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In the News (Tue 1 Dec 09)

  
  Economy - Monaco - Europe
The principal occupations in Monaco are connected with the tourist trade, the economic foundation of the state.
The economy of Monaco relies heavily on migrant labor, mainly from France and Italy.
Monaco’s principal unit of currency is the French franc, consisting of 100 centimes (7.12 francs equal U.S.$1; 2000 average).
www.countriesquest.com /europe/monaco/economy.htm   (119 words)

  
 Monaco Hotel - Guide of Hotels in Monaco, France.   (Site not responding. Last check: 2007-11-07)
Monaco has a 16th-century palace, a 19th-century cathedral in the Byzantine style, and a noted oceanographic museum, founded in 1910 by Prince Albert I. Auto racing is popular, and Monaco is home to both the Monte Carlo Rally and the Monaco Grand Prix.
In accordance with the 1962 constitution, Monaco is governed by the ruling prince, who is assisted by a minister of state (traditionally French), a cabinet (the Council of the Crown), and the National Council, which is elected by universal suffrage every five years.
Monaco was under Spanish protection from 1542 to 1641, under French protection from 1641 to 1793, annexed to France in 1793, and under Sardinian protection from 1815 to 1861.
www.hotels-france-travel.com /ville/monaco/monaco-hotel.htm   (681 words)

  
  Monaco - Encyclopedia, History, Geography and Biography   (Site not responding. Last check: 2007-11-07)
Monaco is the most densely populated country in the world and the world's second-smallest independent country with a population of just 32,410 and an area of 1.95 square kilometers (481.9 acres).
Monaco derives its name from the nearby Greek colony of Phocaeans, Marseille, in the 6th century BC, which referred to the Ligurians as Monoikos, from the Greek Μόνοικος — μόνος + οίκος, "single house", which bears the sense of a people either settled in a "single habitation" or of "living apart" from others.
Prince Albert II of Monaco formally became the ruler of Monaco on 12 July 2005, in a celebration that began with a solemn Mass at the cathedral where his father was buried three months before, after a reign of 56 years.
www.arikah.com /encyclopedia/Monaco   (2030 words)

  
 Monaco (12/06)
Monaco is divided into four sections: Monaco-Ville, the old city on a rocky promontory extending into the Mediterranean; La Condamine, the section along the port; Monte-Carlo, the principal residential and resort area; and Fontvieille, a newly constructed area reclaimed from the sea.
Monaco does not publish the figures for unemployment, but in 1998 the rate was estimated to be at 3.1%.
The Principality of Monaco is a sovereign and independent state, linked closely to France by the Treaty of July 1918, which was formally noted in Article 436 of the Treaty of Versailles of 1919.
www.state.gov /r/pa/ei/bgn/3397.htm   (2112 words)

  
 Monaco: Economy
The Principality of Monaco today has a diversified industry and yet it is perfectly integrated into its setting and its environment.
It was after the Second World War that Monaco launched itself, at first timidly and then more boldly, into the adventure of industry which was, in addition, encouraged with determination by H.S.H. Prince Rainier III whose reign began in 1949.
The Monégasque economy is characterized by the energetic nature of the economic policy of the Public Authorities combined with the dynamism of private enterprises.
www3.monaco.mc /monaco/info/economy.html   (1545 words)

  
 Economy of Monaco - Wikipedia, the free encyclopedia
This is an overview of the economy of Monaco.
Monaco, situated on the French coast of the Mediterranean Sea, is a popular resort, attracting tourists to its casino and pleasant climate.
Monaco is noted for its activity in the field of marine sciences.
en.wikipedia.org /wiki/Economy_of_Monaco   (511 words)

  
 Monaco   (Site not responding. Last check: 2007-11-07)
The Principality of Monaco is one of the smallest sovereign entities in the world with a population of 31,000.
Leaving industry apart, the economy is underpinned by the number of wealthy tax exiles in residence.
Allegations that Monaco is a haven for money laundering have prompted the establishment of a body with the specific task of pursuing ‘dirty money’ and the body works closely with its French counterpart.
www.treasury.boi.ie /country/MONACO.HTM   (531 words)

  
 Monaco - HighBeam Encyclopedia   (Site not responding. Last check: 2007-11-07)
Monaco's beautiful location, natural harbor, exceptionally mild climate, and gambling tables in Monte Carlo make it one of the best-known resorts of the Riviera.
In accordance with the 1962 constitution, Monaco is governed by the ruling monarch, who is assisted by a minister of state (selected by the monarch from three candidates nominated by France), a cabinet (the Council of the Crown), and the National Council, which is elected by universal suffrage every five years.
The districts of Menton and Roquebrune (long part of Monaco) were incorporated (1848) into Sardinia, which in turn ceded them to France in 1860.
www.encyclopedia.com /doc/1E1-monaco.html   (933 words)

  
 Monaco
In accordance with the 1962 constitution, Monaco is governed by the ruling prince (or princess), who is assisted by a minister of state (selected by the prince from three candidates nominated by France), a cabinet (the Council of the Crown), and the National Council, which is elected by universal suffrage every five years.
The Principality of Monaco or Monaco (French: Principauté de Monaco or Monaco; Monegasque: Munegu or Principatu de Munegu) is a city state and the second-smallest country in the world, wedged in between the Mediterranean Sea and France along the French Riviera or Côte d'Azur (The Blue Coast).
Monaco has been ruled by the House of Grimaldi since 1297, when François Grimaldi seized the fortress protecting the famous rock while dressed up as a Franciscan monk; the only exception to this was from 1789 to 1814, when Monaco was under French control.
www.visiteuropeonline.com /cities/monaco.htm   (2589 words)

  
 Monaco History | iExplore.com
This Machiavellian approach – indeed, Machiavelli himself was in Monaco in the early 16th century to sign a treaty on behalf of Florence – paid dividends in 1612 when Honoré II was granted the title of prince by the French crown.
Monaco attracts many extremely wealthy individuals as residents, by virtue of its pleasant climate, reputation and environment as well as the absence of income or inheritance tax and lack of financial reporting requirements.
Monaco is one of seven which, by the deadline in April 2002, had failed to do so: future developments rely on the actions of Monaco’s ruling Grimaldi family (itself implicated in a major fraud inquiry) and the attitude of the French government.
www.iexplore.com /dmap/Monaco/History   (823 words)

  
 boys clothing: European royalty--Monaco
Monaco is a fairy tale like principality located along the south of France on the " Côte d' Azur " near Nices The principality one of the smallest states in Europe.
Monaco is a rocky peninsula jutting into the blue Mediterranean, Monaco-Ville is the seat of Monaco’s government.
Monaco was also a signatory of several multilateral treaties such as the Paris Convention of 1883, the Berne Convention of 1886 and the Madrid Arrangement of 1891.
histclo.com /royal/mon/royal-mon.htm   (2886 words)

  
 Economy - Monaco - (Legal500.com)
Since the 1950s, Monaco's economy has diversified, firstly as a tax haven for the super-rich, latterly as a financial centre with particular strength in private banking - there are currently some 70 banks active in Monaco, with a banking turnover in excess of US$1.5bn.
Monaco is now subject to the EU Savings Directive which requires a 15% witholding tax on interest paid to EU nations from one July 2005.
The impact of increased regulation on Monaco's banking and investment sector remains to be seen although personal tax rates remain low and seem to guarantee a steady flow of high-net-worth exiles to one of the world's most secure, convenient and glamorous locations.
www.icclaw.com /lfe/edit/mo5.htm   (363 words)

  
 MapZones.com : Monaco Economy   (Site not responding. Last check: 2007-11-07)
The principal occupations in Monaco are connected with the tourist trade, the economic foundation of the state.
The economy of Monaco relies heavily on migrant labor, mainly from France and Italy.
Monaco’s principal unit of currency is the French franc, consisting of 100 centimes.
www.mapzones.com /world/europe/monaco/economyindex.php   (327 words)

  
 Economy Of Monaco | Europe Travel
Monaco, located on the Mediterranean coast, has an economy primarily geared toward finance, commerce, and tourism.
Monaco is noted for its activity in the field of marine sciences.
Monaco is a country that thrives on spectacle and glitz.
europe-chronicle.com /general-info/652/economy-of-monaco   (571 words)

  
 Monaco - Principality of Monaco - Principauté de Monaco - French Riviera Travel and Tourism
Founded in 1215 as a colony of Genoa, Monaco has been ruled by the House of Grimaldi since 1297, when François Grimaldi, known as "Malizia" seized Monaco's fortress in response to the exile imposed upon the Guelfs.
For seven centuries the Grimaldi family has presided over the Principality of Monaco, the only exception to this was from 1789 to 1814, when Monaco was under French control.
MONACO Online is a privately funded service and is not directly connected to the Government of Monaco.
www.nationsonline.org /oneworld/monaco.htm   (680 words)

  
 Monaco Has a System of Low Taxation Which Attracts Wealth to the Area   (Site not responding. Last check: 2007-11-07)
Monaco has a system of taxes these days, but in comparison to the rest of the world, Monegasques have very few taxes to pay their government.
The fact is that Monaco’s system of taxation, in combination with its status among the European elite, and as a destination resort for millions of tourists annually, has made it attractive for foreign investors and wealthy retirees who need an inexpensive—and beautiful-- place to bankroll their wealth.
Monaco is still often marketed by businesses as a tax haven, an investment destination, a wise place for foreigners to set up shop.
www.montecarlowinners.com /monte-carlo-economy.shtml   (413 words)

  
 Monaco Monte-Carlo - Presentation
Monaco's exceptional location, between mountain and sea, its gardens, its athletic and cultural events...all qualities which make it the ideal destination for a romantic vacation or an unforgettable conference.
Although not always recognized and sometimes misunderstood, Monaco's economy is in fact very dynamic and oriented towards the future.
In 1997, Monaco is dressed up to the nines for the 700th anniversary of the Grimaldi Family Dynasty.
www.monte-carlo.mc /index-monaco_montecarlo-en.html   (202 words)

  
 Monaco   (Site not responding. Last check: 2007-11-07)
Monaco is located in western Europe, bordering the Mediterranean Sea, in southern France near the border with Italy.
Monaco is served by cable into the French communications system.
Monaco, situated on the French Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate.
www.offshore-world.com /country/monaco/monaco1.htm   (150 words)

  
 Monaco Economy and Finance :: I love Monte Carlo
The most developed branch of Monaco's economy and one of its main sources of income is tourism.
Monaco does not encourage the settlement of offshore business; the tax regime favors strictly local activities.
Exports and imports: Monaco has full customs integration with France, thus participating in the EU market system although not a EU member.
www.ilovemontecarlo.com /learn/monaco-economy-finance.html   (368 words)

  
 Monaco: History, Geography, Government, and Culture — Infoplease.com
Monaco has a tourist business that attracts as many as 1.5 million visitors a year and is famous for its beaches and casinos, especially world-famous Monte Carlo.
Monaco: History - History Probably settled by Phoenicians in ancient times, Monaco was annexed by Marseilles and...
Monaco: Economy - Economy Monaco has a customs union with France, and its currency is interchangeable with the...
www.infoplease.com /ipa/A0107792.html   (587 words)

  
 Economy Of Monaco   (Site not responding. Last check: 2007-11-07)
Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate.
If you would like to use this flag of Monaco or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
If you would like to use this map of Monaco or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
www.appliedlanguage.com /country_guides/monaco_country_economy.shtml   (426 words)

  
 Monaco
Background: Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino.
Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center.
Economy overview: Monaco, situated on the French Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate.
www.paulnoll.com /Locations/visiting-Monaco.html   (292 words)

  
 Monaco Economy - overview - Economy   (Site not responding. Last check: 2007-11-07)
Economy - overview: Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate.
Definition: This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization.
It also characterizes major economic events and policy changes in the most recent 12 months and may include a statement about one or two key future macroeconomic trends.
www.indexmundi.com /monaco/economy_overview.html   (196 words)

  
 Monaco (04/05)
GDP: Monaco does not publish economic figures such as gross domestic product, though estimates placed GDP at $870 million in 1999.
In 2001, Monaco's population was estimated at 32,020, with an estimated average growth rate of 0.46%.
In 2004, Monaco renegotiated its treaty with France.
www.state.gov /outofdate/bgn/m/47512.htm   (1533 words)

  
 Monaco - Wikipedia, the free encyclopedia
The Congress of Vienna designated Monaco as a protectorate of the Kingdom of Sardinia from 1815 until 1860 when the Treaty of Turin ceded to France the surrounding county of Nice (as well as Savoy).
Monaco has ten state-operated schools, including seven nursery and primary schools, one secondary school (Collège Charles III), one lycée that provides general and technological training (Lycée Albert 1er, which compares favorably to those in neighboring southern France), and one lycée that provides vocational and hotel training.
Monaco has no army or air force, but has a small coast guard consisting of 3 small patrol boats armed with small cannons.
en.wikipedia.org /wiki/Monaco   (2154 words)

  
 economy
The small area of Monaco's national territory leads to the setting of industrial premises in buildings which rise to thirteen floors.
Finally, real estate activity plays an important role in the economy, justifying research and determining the directions taken in the field of city planning.
For more information, please visit the official website of Monaco's Economic Development Chamber.
www.monaco-consulate.com /about_economy.htm   (671 words)

  
 Monaco Economy
Monaco does not publish the figures for unemployment, but in 1998 the rate was estimated to be at 3.1%.
Currency: Monaco, along with France and the other 11 members of the European Monetary Union (EMU), adopted the euro as its official currency on January 1, 2002.
As in other EMU states, Euros minted in Monaco have special Monegasque features on one side of the coin.
www.traveldocs.com /mc/economy.htm   (285 words)

  
 Monaco
Seventy-four countries have consulates general, consulates, or honorary consulates in or accredited to Monaco.
The United States does not have a diplomatic mission located in Monaco.
The U.S. Consul General in Marseille, France, under the authority of the U.S. Ambassador to France, is formally accredited to Monaco.
www.factmonster.com /country/profiles/monaco.html   (1318 words)

  
 Monaco
Monaco's exceptional location, between mountain and sea, its gardens, its athletic and cultural events...all qualities which make it the ideal destination for a romantic vacation or an unforgettable conference.
Prenez un rocher à l’extrême est de la Provence, une ville en bordure de méditerranée et vous arrivez en terre de séduction, Monaco lieu de villégiature recherché mais aussi pôle économique et industriel en pleine croissance.
En 2005, suite au décès du Prince Rainier III après 56 ans de règne, c'est le Prince Albert II de Monaco, son fils, qui lui succède.
www.monte-carlo.mc   (351 words)

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