2008 promises to be an exciting year for the Societe des Bains de Mer et du Cercle des Etrangers, commonly and confusingly referred to here in Monaco as SBM. Confusingly, because there's another company based in the Principality called Single Buoy Moorings, also referred to as SBM. Perhaps this was one of the reasons for the recent branding exercise carried out by the company, resulting in their new name Monte-Carlo SBM.

One of the leading Canadian satellite technology companies has opened an office in Monaco. Norsat International say in their press release that they hope to use the base to enter markets in Southern Europe, the Middle East and North Africa.