Monaco Times

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Saturday, Jun 20, 2026
Monaco Times

Monaco Grand Prix Delivers Record Economic Impact Across Hospitality and Luxury Sectors

Following Mercedes driver Andrea Kimi Antonelli's victory in the eighty-third Monaco Grand Prix, hotels, yacht charters and luxury retailers reported unprecedented revenues, underlining the event's status as a premier gathering place for ultra-high-net-worth individuals.
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Monaco and French Authorities Expand Cross-Border Circular Economy Initiatives

The Monaco government and regional French partners have launched community repair and recycling programs as part of broader efforts to promote sustainability and reduce waste th...

John Paulson Chooses Monaco for High-Profile Wedding Celebration Next Year

American hedge fund manager John Paulson has announced plans to hold his wedding in Monaco next year, reinforcing the principality's reputation as a preferred destination for ma...

Princess Grace Dance Academy Holds Annual Gala at Monte Carlo Opera House

The Princess Grace Dance Academy has concluded its annual gala at the Salle Garnier, presenting graduating performers before an audience of international arts patrons, luxury br...

Prince Albert II Foundation Marks Larvotto Art Festival Anniversary With Environmental Fundraising Auction

The Promenade du Larvotto is hosting the tenth anniversary of its live art festival, where works created by seventeen international artists will be auctioned to support environm...

Mercedes Drops Appeal Over George Russell's Monaco Grand Prix Penalty

Mercedes-Benz has withdrawn its challenge to the governing body's ruling on George Russell's pit-lane speeding penalty at last month's Monaco Grand Prix, concluding that further...

Demand for Monaco Grand Prix Superyacht Berths Drives Early Sellout of Port Hercule Moorings

Luxury yacht brokerages report that prime berths in Port Hercule are effectively fully booked for the 2027 Monaco Grand Prix as affluent clients increasingly secure long-term ma...

Luxury Brands Expand Monte Carlo Presence Through Long-Term Retail Lease Agreements

Major luxury groups are increasing their retail footprints in Monte Carlo and the Carré d'Or district, encouraged by strong spending forecasts and Monaco's status as a premier s...

Monaco National Council Advances Commercial Lease Reforms for Retail and Business Tenants

Lawmakers are finalizing legislation to reshape the legal framework for commercial leases, seeking to balance the needs of international luxury brands with the interests of Mona...

Monaco Banks Tighten Due Diligence Rules for Ultra-High-Net-Worth Clients

Private banks and wealth managers in Monaco are overhauling client onboarding procedures to comply with strengthened regulations aimed at aligning the principality's anti-money ...

Monaco Continues to Attract Global Wealth Migration Amid Rising Taxes and Geopolitical Uncertainty Elsewhere

New global wealth assessments indicate Monaco remains a leading destination for relocating family offices and high-net-worth individuals seeking stability as tax burdens and geo...

Monaco Financial Regulator Imposes €800,000 Fine Over Anti-Money Laundering Compliance Failures

Monaco's financial watchdog has levied an €800,000 penalty against a local corporate service provider for deficiencies in anti-money laundering and counter-terrorist financing c...

Monaco Property Prices Stay Near Record Highs as Ultra-Wealthy Buyers Chase Limited Supply

International real estate consultancies expect Monaco's ultra-prime housing market to remain at historically elevated valuations this year, with severe land constraints and pers...
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