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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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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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 →

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Monaco. History and culture of Monaco

The history of Monaco is largely the story of the Grimaldi family, which owns these lands. In 1918, an agreement was concluded between Monaco and France, according to which, after the complete disappearance of the Grimaldi dynasty, Monaco will become an autonomous region of France. The modern territory of Monaco was inhabited back in the Stone Age. According to legend, during the Roman era one young Corsican named Devot was executed, her body was placed in a boat and sent to Africa. The boat got off course and ran aground off the coast of Monaco, where the state was founded in honor of this girl. The first large-scale construction began here during the Genoese dynasty of the Gibellins, which ruled Monaco in the 13th century. But on January 8, 1297, the first representative of the Grimaldi clan crept into the Gibellin fortress, attacking them from the rear, and thereby ensured careless living for their descendants over the next 700 years. Continue reading

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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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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The Country Grace Kelly Created
On April 19, 1956, Hollywood actress Grace Kelly married Rainier III, Prince of Monaco. This date was the beginning of the heyday of the principality. After the marriage of Prince…

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