AGP Executive Report
Last update: 7 hours agoBusiness Support: Monaco’s Economic Board has been renamed the Monaco Chamber of Commerce, sharpening its focus on company support, international expansion and networking. It says it facilitated more than 1,500 business connections in 2025. Property: A proposed law would give the Government greater powers to oversee sales and redevelopment on the Rock, aiming to curb speculation and protect homes and local shops. Public Policy: Debate on Monaco’s revised budget was suspended after a clash over housing and jobs for Monegasque citizens. Banking: The National Council approved a 30-day deadline for banks to respond to account applications, giving applicants a route to seek government intervention if a bank stays silent. Wealth Migration: Billionaire property investor David Reuben has moved from Britain to Monaco, amid wider reports of wealthy residents leaving the UK over tax changes. Sport and Finance: AS Monaco Basket has entered insolvency proceedings and paused operations, with liabilities reported at €27.8 million; the club hopes to restructure and relaunch.
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