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 legendary king of the opera Monte Carlo (part 2)
The opera premiered on February 24, 1910 and was greeted with delight. There is no place in this article to analyze this work of Massenet. For us, one thing is…

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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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Older sister (part 1)

Among the inhabitants of the Principality of Monaco, a legend is known about how the distant ancestor of Grimaldi rejected the harassment of a certain lady who turned out to be a sorceress. In revenge, she cursed the whole family, prophesying that there would be no happy marriages in this family. Be that as it may, of the current generation of the princely family, only the 46-year-old Princess Caroline was lucky in her personal life – and even then on the third attempt, when she married the Prince of Hanover. Ernst-Augustus, a native of the old family, the owner of magnificent castles in the north of Germany, is the godfather and grand-nephew of the Queen of England, as well as cousin of Queen Sofia of Spain and the Greek king Constantine. It was precisely such a party for daughters that Princess Grace dreamed of – the former Hollywood star Grace Kelly. Continue reading

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 most famous mile in the world
The Principality of Monaco is just 1.95 km2 and it is without a doubt the most famous square mile on the planet. Situated on the shores of the Mediterranean Sea,…

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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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Roses in memory of a beloved
On January 27, 304, a ship was thrown onto a rocky seashore, on it was the body of the young Christian martyr Devot - as the legend says. A white…

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