AGP Executive Report

Yachting Economy: Monaco’s yachting sector generated €659.7 million in 2025, up 16.3% since 2022—far outpacing the Principality’s overall economic growth of 3.6%. Transport Disruption: Trains between Nice and Ventimiglia, including services to Monaco, will stop on November 10 and much of November 11 for rail works. The Government is urging commuters to plan ahead. Public Health: Covid-19 is circulating more widely across the French Riviera than a year ago, though emergency visits remain stable; France’s winter vaccination campaign begins October 13. Sportel Monaco: The sports-media gathering at the Grimaldi Forum is adding a programme for brand executives, as organisers expect more than 80 exhibitors. Sport: Monaco remains top of Ligue 1 after drawing 2-2 with Toulouse. Valentin Vacherot opened his Shanghai Masters title defence with a straight-sets win. Community: A Monaco-based team raced for more than 42 hours in the Jules Bianchi charity karting marathon, finishing 11th overall and second among amateur teams. Royal Ties: Prince Albert II visited Piedmont towns with historic links to the Grimaldi family.

Formula 1: Monaco’s Charles Leclerc finished second behind Max Verstappen at the Singapore Grand Prix; Lewis Hamilton came sixth. AS Monaco: Monaco drew 2-2 with Toulouse but stayed top of Ligue 1, with Rennes one point behind. Local Affairs: The government launched a campaign to help young people spot fake news and AI misinformation, while a budget debate exposed sharp disagreements over housing and jobs. Basketball: AS Monaco Basket’s shutdown after insolvency marks the end of the Roca Team era.

Formula 1: Max Verstappen won the Singapore Grand Prix, while Kimi Antonelli’s third-place finish strengthened his championship lead. AS Monaco: A 2-0 half-time advantage became a 2-2 draw against Toulouse, but Monaco remain top of Ligue 1. Housing and Jobs: A National Council budget debate was suspended amid a clash with the Government over housing and employment. Public Information: Monaco has launched a campaign to help young people spot fake news and AI misinformation. Heritage and Property: Prince Albert and Princess Caroline opened a major heritage exhibition as proposed rules would bring new property controls to Monaco’s historic Rock.

AS Monaco: The unbeaten Ligue 1 leaders let a two-goal advantage slip in a 2-2 draw with Toulouse but remain top, one point ahead of Lille. PSG’s 3-1 win over Le Mans leaves it three points behind. F1 in Monaco: After a processional Singapore sprint, Max Verstappen and Lewis Hamilton argued that street circuits are poor venues for sprint races. Monaco is scheduled to host one in 2027, putting the format under scrutiny. Monégasque tennis: Valentin Vacherot, last year’s Shanghai Masters champion, opened his title defence with a straight-sets win over Sebastián Báez. Border rules: Monaco citizens are exempt from biometric registration under the EU’s Entry/Exit System for non-EU visitors. Bombing case: A former Ukrainian security officer accused in the 2025 attack on businessman Vadym Yermolayev in Monaco claims he believed Ukrainian military intelligence authorised it; he denies involvement.

Formula 1: Max Verstappen, Lewis Hamilton and Charles Leclerc say sprint races belong on circuits where overtaking is possible, putting F1’s planned 2027 Monaco sprint in focus after a crash-hit Singapore race. Rallying: Nine-time world champion Sébastien Loeb has tested Project Rally One’s new car, which is set to debut at the Monte Carlo season opener in January. Charity: Princess Stéphanie, Camille Gottlieb and Eva Longoria attended Monaco’s Global Gift Gala at the Hôtel de Paris, raising support for vulnerable children and families. Community: Monaco’s National Council budget debate was suspended amid a clash with the Government over housing and jobs. A new campaign is also teaching young people to spot fake news and AI misinformation. Wellbeing: On World Mental Health Day, Monaco Life highlighted the challenges facing expatriates, including distance from family and the difficulty of building lasting local connections.

Monaco in the Spotlight: Eva Longoria and Princess Stéphanie joined guests at the Global Gift Gala at the Hôtel de Paris Monte-Carlo, raising support for charitable initiatives. Ligue 1: Lyon’s 2–1 defeat at Lens leaves Monaco two points clear at the top; the club also reports a clean bill of health ahead of its return to action. Security: A former Ukrainian security officer jailed in Kyiv and accused of involvement in June’s bombing near Monaco told the BBC he believed Ukrainian military intelligence figures had authorised the attack. He denies involvement. Local Affairs: A budget debate over housing and jobs was suspended after clashes between Monaco’s National Council and Government, while proposed property controls could reshape parts of the historic Rock. Business and Sport: Monaco-based Monte Carlo Capital has raised €13 million for its second early-stage technology fund. The club’s academy, which has produced stars including Thierry Henry and Kylian Mbappé, is drawing renewed attention for its international reach.

AS Monaco: Coach Filipe Luís says the squad has a clean bill of health ahead of the club’s Ligue 1 return, with Folarin Balogun ready to play. Rugby Milestone: Princess Charlene announced Monaco’s sevens team has qualified for the 2027 European Games—the Principality’s first team-sport appearance at the competition. Yachting: Tuiga, skippered by Pierre Casiraghi, won the Tradition class at Les Voiles de Saint-Tropez. Public Information: Monaco has launched a programme to help young people identify fake news and AI-generated misinformation. Bombing Investigation: A former Ukrainian security officer accused of involvement in the Monaco attack on businessman Vadym Yermolayev told the BBC he believed senior intelligence figures approved the plot; the claim remains unverified, and Ukraine’s intelligence agency says it is committed to a full investigation. Property and Ports: Monaco is proposing tighter controls on property in the historic Rock district and has begun work on a yacht mooring zone ahead of a 2027 anchoring ban. Regional Diplomacy: Prince Albert II championed Mediterranean cooperation and marine conservation at the Med9 summit.

Monaco Bombing: In a BBC interview from prison, former Ukrainian security officer Vitalii Zhykovych alleged senior military intelligence officials proposed the June bombing that badly injured businessman Vadym Yermolayev, his partner and son. He denies ordering the attack or killing the woman accused of planting the bomb; his claims remain allegations. Housing & Heritage: A National Council budget debate was suspended amid a clash with the Government over housing and jobs. Separately, a proposed law would impose sweeping property controls on Monaco’s historic Rock. Yacht Policy: Work has begun on a new yacht mooring zone ahead of Monaco’s 2027 anchoring ban. Palace & Community: Prince Albert met Jordan’s Crown Prince Hussein at the MED9 summit in Croatia, while Princess Stéphanie visited a new shared-living space in Monaco. Wealth & Residency: Reports that billionaire David Reuben recently moved to Monaco are disputed: records and his spokesperson indicate he has lived in the Principality for years. Visitor News: The Venice Simplon-Orient-Express will add Monte Carlo to its 2027 itinerary.

Government Tensions: Monaco’s National Council suspended debate on the revised 2026 budget after a heated clash with the Government over housing, jobs for Monegasque citizens and the Assembly’s role. Protecting the Rock: A proposed law would give the Government new powers over property sales, conversions and redevelopment in Monaco-Ville, amid concerns about speculation and the loss of residents and local shops. Community: The 22nd Les enfants de Frankie charity campaign launches a €3 “Crazy Frankie” orange nose to support vulnerable children; Princess Stéphanie also visited Monaco’s new shared living unit for people with disabilities. Business: The Monaco Economic Board has become the Monaco Chamber of Commerce, sharpening its focus on supporting local companies. Billionaire David Reuben’s move to the Principality adds to reports of wealthy residents leaving the UK. Marine Protection: Work has begun on nine deep-water yacht moorings ahead of a 2027 ban on anchoring outside the designated zone.

Wealth Moves: Billionaire property tycoon David Reuben, 88, has moved from the UK to Monaco amid tax changes. His brother Simon has lived in the Principality for about 40 years. Pink Ribbon: Princess Charlene joined Monaco’s breast cancer awareness campaign at Casino de Monte-Carlo, helping launch this year’s Octobre Rose events. Basketball: AS Monaco Basket has entered insolvency proceedings and will pause operations after a landmark 12-year rise. The club reported €27.8 million in liabilities and hopes to rebuild. Banking Reform: Monaco’s National Council unanimously approved a 30-day response deadline for bank account applications. If a bank stays silent, applicants can seek government help to secure an account; the change still needs formal approval to take effect. Heritage: Nearly 2,900 people visited Monaco’s cultural sites during European Heritage Days, including 1,592 at the Exotic Garden. Visitors also gained rare access to City Hall rooms and heritage archives.

World Athletics: Josh Kerr and several other stars have been nominated for the 2026 Athlete of the Year awards, with winners to be announced in Monaco on November 29. Breast Cancer Awareness: Princess Charlene launched Monaco’s Octobre Rose campaign by lighting the Place du Casino pink. The government is urging women aged 45 to 80 to attend screening every two years. Charity: Camille Gottlieb is helping bring the Global Gift Gala back to the Hôtel de Paris Monte-Carlo on October 9; proceeds will support Global Gift Foundation, Fight Aids Monaco and Corazones Unidos. Business: Billionaire property magnate David Reuben has moved from the UK to Monaco, amid broader reports of wealthy residents leaving Britain after tax changes.**

Monaco in the spotlight: The World Athletics Awards will be held in Monaco on Nov. 29, with nominees announced this week. Canadian hammer thrower Camryn Rogers and Kenyan stars Sebastian Sawe and Agnes Ngetich are among the 20 finalists, alongside athletes from across track and field. Global sport, Monaco ties: F1’s 2027 Gulf Air Bahrain Grand Prix will feature F2 and F3 curtain-raisers, with Monaco listed as a key stop on the F2 calendar in June. Local culture: Compagnie Hervé Koubi brings “Sol Invictus” to the Center for the Arts on Oct. 22, blending contemporary dance, hip-hop, capoeira and martial arts. Monaco security headline: A Monaco attack suspect wanted by Interpol was shot dead in Ukraine, police said, as an active intelligence officer and an accomplice were detained. Business & lifestyle: APM Monaco and Bahrain Jewellery Centre launched the “Automne Collection,” inspired by autumn colours, with pieces positioned as limited due to rapid seasonal releases.

Tennis Shock in Beijing: Daniil Medvedev was disqualified from the China Open semi-final after a ball struck a spectator in the stands; Medvedev said it was accidental and wished the fan well. Injury Update: World No. 1 Jannik Sinner confirmed he’s ending his 2026 season early for knee treatment, risking his top ranking as he skips the rest of the ATP calendar. Monaco Sports & Culture: Sportel Awards 2026 announced Sonny Anderson as chair of the jury, with winners set for 19 October at the Grimaldi Forum. Local Yacht Spotlight: Yacht Club de Monaco’s Tuiga, skippered by Pierre Casiraghi, won the Tradition category at Les Voiles de Saint-Tropez. Travel & Connectivity: Air Canada will launch twice-weekly Nice–Toronto flights from 16 June 2027, adding a new direct gateway for Riviera travellers. Business Note: Nordic American Tankers said Alexander Hansson bought 300,000 shares, bringing the family total to 12 million NAT shares.

Monaco & Italy State Visit: Princess Charlene and Princess Gabriella matched in soft neutrals as they hosted Italian President Sergio Mattarella at the Prince’s Palace, marking a historic first state visit by an Italian head of state to Monaco. Local Education Disruption: Riviera schools face fresh disruption as teachers and staff are called to strike alongside pupils on Tuesday 6 October, with Nice set for a protest at Place Garibaldi and many lycées shifting to remote teaching. AS Monaco Football: AS Monaco manager Filipe Luís praised Lamine Camara as “the future of football,” while Ghana defender Mohammed Salisu returned from an ACL injury, playing 75 minutes in a Monaco friendly win over Pisa. International Sports Shock: Daniil Medvedev was disqualified from the China Open semifinal after hitting a spectator with a ball, handing Novak Djokovic a walkover to the final. F1/Business Glance: Monaco’s wider luxury-and-business scene continues to draw attention as billionaire David Reuben reportedly moved to Monaco amid UK tax pressure.

Monaco-UK Wealth Shift: New reporting says Britain has lost more than half its billionaire wealth since 2024, with Monaco named as a key destination for ultra-rich movers. Local Diplomacy: Prince Albert II wrapped up an Italian state visit with a focus on practical follow-ups, including modernising air services and improving hospital access for Liguria residents. Sport—Football: Folarin Balogun says he’s still open to a Premier League move after his Everton transfer collapsed over medical-related renegotiations, while he continues playing for Monaco. Sport—Tennis: Carlos Alcaraz reached the Japan Open final after a comeback win over Jaume Munar; Monaco’s Valentin Vacherot is also in the final after beating Monaco’s Vacherot’s opponent. Community Health: Les Marinières en Rose hit record results in Villefranche-sur-Mer, raising €15,000 for Monaco’s CHPG. Sea Conditions: A Monaco Statistics study highlights rare, extreme waves off the coast, including an 8.58-metre record during a 2019 storm. Luxury & Travel: Star Clippers announced 2027 Riviera cruises from Nice, pairing Italian coastal towns with Corsica and Sardinia.

Ultra-Wealth Exodus to Monaco: Britain’s second-richest man, property tycoon David Reuben (88), has relocated to Monaco, joining his brother Simon and adding to a growing billionaire flight blamed on UK tax changes. Monaco’s no income tax, capital gains tax and inheritance tax regime is at the center of the move. Local Safety Update: Two men were hospitalized after a fight at Monaco Arms Apartments in Jacksonville led to gunfire; both victims are reported stable. Football & Monaco Links: Scotland’s new era under former Monaco boss Sebastien Pocognoli continues in Nations League action, while Chelsea’s transfer hunt for Bournemouth and England midfielder Alex Scott remains hot, with Monaco’s Lamine Camara also mentioned in the wider midfield scramble. Tennis Spotlight: Monaco’s Valentin Vacherot reached the Japan Open semifinals after a three-set win over top-10 Arthur Fils. Sports Culture: A campaign is urging Prince Albert II to cancel the Monaco Yacht Show over climate concerns tied to private aviation and superyacht activity.