Companies

Monaco motors on electricity

Electric vehicles are quietly gaining space on the road.

Monte Carlo SBM's shareholder meeting

Shareholders met at the end of September to review the 2008-09 results.

Monacair bought by SkyGroup

Monaco helicopter company bought by French.

Founded by the Casiraghi family and based in Monaco, Monacair hasn't had its own fleet for a couple of years. The helicopter company's main business is in charter flights and ground services, but Gilbert Schweitzer, the CEO of new owners SkyGroup Holding has promised to rebuild the fleet, increase the workforce and attract VIP customers.

Step aside for Mont Charles de Monaco

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

SBM takes a dive

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

CMB sets up in Switzerland

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

Open air casinos

Gambling in Monte Carlo gets a breath of fresh air.

Monte Carlo SBM opened its first open air casino in April this year. It's a sort of mini-casino attached to the Cafe de Paris, with about 100 slot machines. The 800 000 euros investment will pay for itself by helping to turn around declining attendance in SBM's casinos. Due to the combined effects of the global economic downturn and last November's introduction of the smoking ban in Monaco there's been a 13% drop in the number of visitors.

Welcome to Envoy Capital

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

Satisfaction for Sofamo Biotherm workers

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

Monte Carlo SBM signs agreement with IBM

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

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