MEB Annual General Meeting: report on 2016 & prospects for 2017
Monaco Economic Board (MEB) held its Annual General Meeting on Thursday 16 March attended by over 200 people from the 470 member companies and key players in the Principality. The 2016 report and programme for 2017 were submitted to the meeting and approved. As it is every three years, the Steering Committee was elected. At the end of the AGM, Minister of State HE Mr Serge Telle reiterated the government’s strong support for actions undertaken by the MEB.
2016: 50 actions targeting new investors and supporting growth of Monaco companies
As part of its mission to seek and support foreign investors, the Monaco Invest team was involved in targeted actions, often in partnership with other institutions, both in the Principality and abroad. This has led to more than 30 applications being logged from potential investors who meet Monaco’s needs. Agreements were also signed this year with foreign business organisations which have a base in the Principality (Italy and Brazil).
Meanwhile, thanks to its many partners, Monaco Chamber of Commerce ramped up its activities to support Monaco companies. Locally, these included the ever-popular Members Rendezvous, as well as conferences, hosting foreign delegations, etc., with trade missions to Brazil, Russia and Azerbaijan.
A barometer of Monaco’s economy, the international procedures department processed a total of 6,500 documents, representing a 4.2% increase in turnover on 2015.
On the communications front, apart from promoting activities all-year-round, a highlight was the 5th Eco Awards which puts the spotlight on six remarkable companies in the Principality.
2017: opportunities and new horizons
Looking ahead, the target of 50 actions is on course to being met. The Minister of State relies on the MEB to coordinate public and private bodies to promote Monaco abroad, optimising their impact.
Highlights include trade missions to Slovakia and Moldavia accompanying official visits by HSH Prince Albert II (1-5 May), Israel (19-22 June) and Kazakhstan (July). Prospecting operations to London, Switzerland and Italy are also in the pipeline targeting suitable sectors like Family Offices, yachting and ICT. Back home, visits by foreign delegations, conferences and networking events give member companies a variety of opportunities to grow their business.
Concluding the AGM, Minister of State, HE Mr Serge Telle, reminded the meeting that “the MEB is a major strategic partner for the Government, as we work together all year round in pursuit of the same objectives: the development, reputation and attractiveness of the Principality” as a business destination.
Photo captions (credit Réalis)
L-r MEB Chairman Michel Dotta, and Minister of State HE Mr Serge Telle
General view
