Monaco 2014
Yearbook 2014 Monaco. In May, Prince Albert and his wife Charlene announced that they were expecting children. In December, twins Gabriella and Jacques were born. Monaco population in 2020 is estimated at 39,253. According...
Tagged: Monaco
Monaco, a tiny principality on the French Riviera, is a constitutional monarchy governed by the Grimaldi family since the 13th century. The political landscape is characterized by a hereditary monarchy, with Prince Albert II as the head of state and a Council of Government responsible for executive functions. Monaco does not have political parties in the traditional sense, and its political system is marked by a combination of princely rule, elected representation, and citizen participation. The country is renowned for its glamorous image, luxury lifestyle, and as a tax haven. With no income tax for residents, Monaco has attracted high-net-worth individuals and businesses. The economy is predominantly driven by tourism, real estate, and finance, while the iconic Casino de Monte-Carlo and events like the Monaco Grand Prix contribute to its international allure. The principality actively engages in international relations and is a member of various organizations, emphasizing its commitment to environmental sustainability and cultural heritage. As Monaco continues to balance economic prosperity with the preservation of its natural beauty and cultural identity, the principality remains a unique entity in the global landscape, epitomizing luxury and exclusivity.