AGP Executive Report
Last update: 2 hours agoHospitality Expansion: Monaco-based MayaBay is joining Petra Group’s planned $750 million portfolio of Georgian resorts, showing how the Principality’s hospitality brands can help build confidence in emerging destinations. Yachting: Yacht Club de Monaco member Boris Herrmann has begun the Route du Rhum aboard Malizia 4, the new IMOCA’s first major solo race and a high-profile test for the yacht and its design team. Trade Rules: A recent clarification that Monaco is not a customs third country matters for businesses moving goods across borders. Business Climate: Monaco has pledged further reforms after leaving the FATF grey list, while a higher hospitality pay floor is being introduced amid union calls for stronger minimum-wage protections.
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