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

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

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

Gambling in Monte Carlo gets a breath of fresh air.

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

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

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

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

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 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.