A report from Bloomberg warns that we'll soon be seeing a shortage of Champagne due to increasing demand from the UK, USA and Japan. High demand and low supply will inevitably lead to higher prices, which is probably a good thing for the producers. But according to the article, the Comite Interprofessionnel du Vin de Champagne (CIVC) is intending to extend the Champagne region in order to increase output over the next few years.
Most of us start thinking about our summer holidays when Christmas and New Year finish and the January blues kick in. Here in Monaco, we plan for a little luxury with the Monte Carlo Travel Market (MCTM), now in its 4th year. The exhibition will take place in the Grimaldi Forum from 11 to 13 January and is a high class networking event. Luxury lifestyles and prestigious travel are on show for the specially invited elite individuals and buyers.
This week the official Monaco Government website reported that Prince Albert II visited one of the new housing construction sites in the Condamine area of Monaco. The building is being carried out on reclaimed railway track and the most recent project is scheduled to provide 87 units for the local Monegasques. Due to the limited size of Monaco, land is at a premium, and so wherever buildings can be constructed, they are.
According to a report on the Express Travelworld website, representatives from Monaco Government Tourist Office and Convention Authority and the Societe des Bains de Mer have visited India to promote the Principality as a luxury destination, especially for what's called MICE tourism (meetings, incentives, conferences and events).
The first CleanEquity conference will be held in Le Sporting d'Hiver congress centre, right in the heart of Monte Carlo, on February 20 and 21 in 2008. The conference is being organized by Innovator Capital and aims to present new environmental technologies to potential investors.
For a few years, I used to research open source Content Management Systems annually. Two years ago I stopped because I finally settled upon Drupal. It's gone from strength to strength ever since and I now use it for most of my sites.
The largest shareholder of British bank Northern Rock is a Monaco based hedge fund called SRM Global. With shares of just over 9%, SRM is supporting a proposal by Olivant, a rival to Richard Branson's Virgin Money consortium, whose bid has been favourably viewed in the UK. SRM feels that the struggling bank has been undervalued by Virgin, which wants 55% equity in return for paying back 10 million GB pounds to the Bank of England immediately.
Here's a handy decision tree to help you determine the factual content of a statement. It's on the internet, so it must be true...
The Hotel Metropole in Monte Carlo has won an award for Commitment to Quality from the Leading Hotels of the World organization. Hotels are visited anonymously and the Metropole scored the highest marks for a European hotel. This is a great achievement for one of our Monaco businesses, and well deserved. I occasionally meet friends in the hotel bar and the service is always attentive and professional.
The BBC news website has just published its updated profile of Monaco.