August / September 2007

Blessed with a sunny and mild climate and an enviable position on the shores of the blue Mediterranean, Monaco’s principal business is tourism. Last year was one of its most successful years, with Société des Bains de Mer reporting an increase of 28% in the hotel sector; a turnover of €396.7M, an increase of 12% over 2005/06; and an incredible 79% increase over the previous year’s net total in the group’s financial operations. This is great news …