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Aemilio: datas for Monaco’s energy transition

Aemilio, a “Data-Driven” engineering company that develops software solutions for the finance, environment and e-mobility sectors and supports the development of Cleantech start-ups in Monaco. Wealth Moanco had already gave the floor to Eric Prada, founder of Aemilio, for the digital technologies it offers and more particularly for its software solution, MILHA, serving as a […]

Annabelle Jaeger-Seydoux

The Mission for the Energy Transition in Monaco

The Principality is committed to halving its greenhouse gas (GHG) emissions by 2030 compared to 1990 to reach carbon neutrality by 2050. To achieve this target, the Prince’s Government is relentlessly accelerating its energy transition. Annabelle Jaeger-Seydoux, Director of the Energy Transition Mission takes stock of the actions carried out in the Principality. “Putting the […]

SICCFIN

AML /FTC-C : 2nd National Risk Assessment

Thursday November 12, 2020, at the initiative of Michel Hunault, Director of the department for the Information and Control on Financial Circuits (SICCFIN), with the assistance of Phoenix Consulting, was held a morning meeting to take stock of the progress of the process of the 2nd National Risk Assesment in the Principality (ENR2) in terms […]

red and white flags

Monaco’s GDP

The Monegasque Institute of Statistics (IMSEE) published its report on Monegasque GDP for 2019. After the drop in 2017 (-3.5%), and the rebound in 2018 (+ 6.0%), the Principality’s GDP continued to grow in 2019 and reached 6.63 billion euros(compared to 6.09 billion in 2018), an increase of 7,5 % in volume, adjusted for inflation […]

Jean Castellini

Budget 2021 : Monaco Preserves its Economic and Social Model

The Monegasque economy is also going through an unprecedented period. The Covid-19 crisis continues to weigh on its local businesses and its employment, which requires a rapid review of the Monegasque model of attractiveness and economic recovery. Indeed, as no one can envisage a short-term recovery of the tourism sector, and events that usually abound […]

gold-colored Bitcoin

Monaco : AML / CFT-C & Crypto in 2019

SICCFIN, the national authority in charge of the fight against money laundering, the financing of terrorism and corruption (LCB / FT-C) publishes its 2019 activity report and unveils its new “Crypto assets, blockchain, ICO” department. In accordance with the provisions of Bill No. 1.362 of August 3, 2009, amended, strengthening the system for combating money […]

HAFNIA TOTAL

TOTAL / HAFNIA : Liquified Natural Gas Powered Vessels

Hafnia, one of the world’s leading oil product tanker owners and operators, with a net asset value in excess of USD 1bn, located in Monaco since early 2020, and TOTAL major energy player, agreed on the delivery of two new vessels equipped with Liquified Natural Gas (LNG). Hafnia provides transportation of oil and oil products […]

teal and pink artwork

STO in Monaco: The Transformation of the Investment Market.

The tokenization of financial assets: everyone is talking about it, but what is the process of this dematerialization of financial instruments and the market prospects for the Principality of Monaco? ADVANTAGES OF TOKENIZATION Already today, when an investor buys stocks from a bank broker, for example, those securities are stored and processed by back office […]

rare Monaco shield, struck by Honoré II in 1655

Is numismatics a safe haven?

The exceptional auction of rare coins and medals, organized by MDC Monaco, is an opportunity to wonder if numismatics would not be a safe haven. The numismatic value of a gold coin must be distinguished from the safe haven; however, in crisis times, it is the only asset to gain value when all others lose […]

Monaco Invests in Renewable Energies

Monaco Renewable Energies’s first wind-power investment To support Monaco’s transition to a carbon-free society by 2050, the Prince’s Government and the Société Monégasque de l’Electricité et du Gaz (SMEG) combined their skills 3 years ago by creating the company Monaco Renewable Energies (M.E.R.) with the objective for Monaco to have 100% green electricity production capacities […]