[caption id="attachment_25092" align="alignnone" width="4971"] Photo: Monaco Life[/caption]
The decline in new home-building in the Principality was very marked in 2017, with only 15 new homes delivered during the year, mainly two-room apartments, according to IMSEE, the Monaco statistical service.
No new building programme had been started in 2016. Off-plan sales in the Stella and Villa Trianon(ex 45 rue Grimaldi) largely supported the real estate market, which declined by 49.5 percent in terms of sales transactions during the year.
In previous years, the Blue Bird, Little Africa and Odeon Tower developments consisted of large and very luxurious units.
The real estate resale market also fell markedly in terms of sales, with a 17.2 percent decrease in the amount of resales. The price per square metre decreased only marginally, by 0.2 percent, and the average price per unit rose by 6 percent.
[caption id="attachment_28406" align="alignnone" width="2477"] Mother-child space. Photo: Monaco Red Cross[/caption]
The Monaco Red Cross and AMADE Mondiale have announced the opening of a "mother-child space" at Camporoya, the Ventimiglia migrants' reception camp.
Every day several hundred people in transit are fed, housed and treated here. For young children accompanied by their parents, or minors without families, the long journey as migrants is a real trauma, and moments of refuge and relaxation are rare.
The project consists in offering to the Ventimiglia migrant camp a space entirely dedicated to children in which they have access to fun and recreational activities. The Camporoya project will allow mothers to meet and socialise in peace and share childcare responsibilities.
[caption id="attachment_28407" align="alignnone" width="2988"] Camporoya, the Ventimiglia migrant reception camp. Photo: Monaco Red Cross[/caption]
“They will find a place dedicated to enlightenment and learning, where different creative workshops, games and various activities, adapted to the little hands of the youngest, will be held, including a junior library and a toy library,” said Corinne Clerc, in charge of the work of the Monaco Red Cross with migrants in Ventimiglia. She has been working with the team for several months on this project, which is the result of a partnership between AMADE Mondiale in its commitment to unaccompanied minors, alongside Terre des Hommes Italy and the Monaco Red Cross.
The child-friendly space has been made with the unwavering support of Italian Red Cross staff working in the camp every day.
[caption id="attachment_28347" align="alignnone" width="984"] Etienne Franzi, President of CMB; HE Mireille Pettiti, President of MIE; Gilles Tonelli, Minister of Foreign Affairs; and Albert Croesi, Managing Director of MIE. Photo: Manuel Vitali/DC[/caption]
Albert Croesi, Managing Director of Monaco Inter Expo (MIE), and Etienne Franzi, President of Compagnie Monégasque de Banque (CMB), signed a working partnership agreement on Thursday, February 15, in the presence of Gilles Tonelli, Minister of Foreign Affairs and Cooperation, and HE Mireille Pettiti, President of MIE.
Convinced by the positive experience of the first partnership between MIE and CMB during the Astana EXPO-2017 Specialised Exhibition, the Monegasque bank wished to become more involved with the State Corporation to promote the influence of the Principality locally and beyond its borders.
"MIE is not only honoured by the confidence of the CMB, which becomes its official partner, but also proud to be associated with the image of excellence of this bank," said Mr Croesi.
MIE's mission is to promote the image of Monaco abroad and to organise events in the Principality, the first of which, entitled "Meeting of the Historic Grimaldi Sites of Monaco", will take place on June 23 and 24, 2018.