Nature of monaco
Monaco is located on the southern periphery of the maritime Alps composed of limestone. The climate is Mediterranean with moderately warm winters (average January temperature + 8-10 ° С) and…

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Monaco Yacht Club
The principality's interest in sailing regattas has a long history. Indeed, back in 1886, the “Regatta Committee” was created, which, with the assistance of the Society of Sea Baths, organized…

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Older sister (part 2)
After the death of her husband, the princess closed up: she almost abandoned onerous secular duties and spent most of her time with her children in her village estate in…

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development

About the tax-free system and the construction boom

For the first time, the principality seriously thought about the possibility of a financial catastrophe in the twenties, when the decline of the gaming industry sharply reduced the income of the dwarf state.

Jules Richard – as it turned out, a connoisseur of the local economy – willingly undertook to talk about how the principality managed to get out of a difficult situation.

We sat at the table of a small cafe on the promenade of Monte Carlo. My interlocutor sipped a beer from a tall glass and began like this:

– The prescription drug was found in a law containing two articles: the first one said that Monegasques living in France are subject to the tax system of France, not Monaco; the second article said that the French living in Monaco are subject to the laws of taxation of the principality and do not pay taxes to France. Continue reading

Principality before the Second World War
The principality, which was reduced in size and deprived of resources, was in an extremely difficult financial and economic situation. Raising taxes further was impossible. Back in the 1850s, the…

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Court of Honor
The Honorary Courtyard is considered the former central part of the 13th century fortress. He took on his true architectural appearance during the reign of Honor II. His successor, Prince…

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Monte Carlo Country Club
In April 1892, Prince Charles III adopted the project for the construction of earthen tennis courts proposed by Count Bertor. Arriving in the principality in 1863, accompanied by Francois Blanc,…

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The memory of a trip to Monaco (part 2)
Extraordinary beauty - like this, in ordinary words I express my admiration and joy to the places that have opened up for me. I also remember the photo session near…

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