The art of appeasing guests
In Monaco, even everyday life is like an eternal holiday. A tiny rocky piece of land at the junction of the Cote d'Azur and the Italian Riviera as a powerful…

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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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Rest for socialites
The quintessence of civilization. If you give each country the tourist characteristics of “one line”, then Monaco is a respectable vacation of a secular type. In the principality there are…

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financiers

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

Three days in Monaco (part 1)
A helicopter came in from the sea to land, and a young gentleman in glasses with red glasses and a light suitcase made of red leather shouted into my ear,…

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The best museum of Monaco (part 2)
After the death of Albert I, the museum went dead, because the sea was not at all interested in the new owner of the rock of Monaco. Inflation, which swept…

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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…

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