Step aside for Mont Charles de Monaco

Most of the fashion houses packed their bags at the end of Paris Fashion Week last Friday, but one company stayed on.

SBM takes a dive

Monte Carlo SBM has reported its financial results shrank by 57% during 2008/09.

CMB sets up in Switzerland

Compagnie Monegasque de Banque (CMB) has opened a branch in Switzerland.

Open air casinos

Gambling in Monte Carlo gets a breath of fresh air.

Welcome to Envoy Capital

The Canadian merchant banking organisation Envoy Capital Group has chosen Monaco for its European base.

Satisfaction for Sofamo Biotherm workers

A satisfactory redundancy package has finally been offered to the factory workers of Sofamo Biotherm.

Monte Carlo SBM signs agreement with IBM

The Monaco hotel and casino company SBM has big plans to improve its IT systems.

SBM win battle in war on domain squatter

The World Intellectual Property Organization ordered that the internet domain to be transferred to Monaco's Societe des Bains de Mer.

In the news this week...

Land reclamation, Mecaplast, National Council session, economic agreement with Luxembourg

Land reclamation

The big news story this week was the suspension of the project to reclaim land from the sea. In a press conference on Wednesday morning, the government confirmed that further environmental studies would be made in 2009 to ensure there'd be no negative effects on the marine eco system. In addition, the Minister of State said it made good sense to delay the project in the current economic climate.

Monte Carlo SBM makes an online bet

Monte Carlo SBM is hoping to extend its casino business into the virtual world of online gambling by taking a 50% stake in Mangas Capital Gaming (MCG). The Monegasque company, whose image is synonymous with the luxury and glamour of Monte Carlo, has been eager to start developing its brand on the Internet. However, this has proved difficult, primarily because of French gaming regulations.

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