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…

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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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Monaco Hotels
Wealth and diversity are two characteristic features of the hotel sector of the principality. Old palaces are witnesses of a magnificent past and incomparable luxury. Speaking as a symbol of…

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France

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 authorities decided to improve the matter by opening a casino, but the gambling house of the French businessman Duran was soon closed due to lack of transport connections and lack of competitiveness. The businessman Lefebvre, who bought the company, also failed to fix the matter.

After several attempts to revive trade, Charles III and his mother Carolina decided to organize a company called the “Sea Bathing Society”. Continue reading

Monaco Hotels
Wealth and diversity are two characteristic features of the hotel sector of the principality. Old palaces are witnesses of a magnificent past and incomparable luxury. Speaking as a symbol of…

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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…

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Monte Carlo Golf Club
This club is located in France, on Mount Mont-Agel 900 meters above sea level; its site includes 18 holes on 71, with a total length of 5,667 m. It is…

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