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…

Continue reading →

Albert's active life
In 1988, Prince Albert was appointed President of the Organizing Committee of the Monte Carlo Television Festival, held annually in the Principality in February, to which hundreds of television experts…

Continue reading →

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…

Continue reading →

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

Your home next door to presidents and princes
Monte Carlo, Nice, Cannes ... Sandy beaches and golf courses, fashionable resorts and princely palaces, palm trees and valleys with vineyards - all this excites the imagination and attracts many…

...

Sardinian protectorate
An agreement between Monaco and Sardinian King Victor Emmanuel I was signed at Stupinigi on November 8, 1817. It was much less favorable for the principality than the treaty with…

...

Monaco Cathedral
Cathedral of Monaco - the main cathedral of the Principality of Monaco was built of white stone, brought from La Turbi. The cathedral stands on the site of an older…

...