Monaco’s economy experienced a challenging start to 2024, as turnover dropped by 7.4%, but the job market remained resilient, even seeing growth, particularly in the hospitality and catering industries.
With a turnover up +6% compared to the 2022/2023 financial year, the Société des Bains de Mer (SBM) and its subsidiaries have generated an increased profit of €1.4 million for the 2023/2024 financial year (73.6 million euros compared to 72.2 million euros).