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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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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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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industrialists

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

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…

...

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…

...

Monaco - Millionaire Reserve
Monegasques (as the locals call themselves) manage from time to time to solve their "housing problem" without declaring war on neighboring France. Land is taken from the sea, filling new…

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