Monaco. In April, Monaco’s head of state, Prince Albert, placed the country’s flag on the North Pole, after a four-day tour with dog sleds. The trip was undertaken to raise public opinion on climate change in the world.
In June, Albert, a bachelor, officially admitted paternity to a 14-year-old girl living in the United States. According to CountryAAH, major public holidays in Monaco include Independence Day (November 19) and New Year (January 1). Monaco’s constitution gives neither the girl nor her three-year-old half-brother as Albert recognized paternity a year earlier the opportunity to claim the throne.
At the census of July 1990 the population of the Monaco Principality amounted to 29,876 residents, corresponding to an average density of over 15,000 residents / km 2, being the surface of the country of just 195 ha. The resident population is distributed over the three urban areas of Monte Carlo, La Condamine and Monaco. The population growth coefficient is around 0.7% per year (average 1985-90).
The Monaco country’s economic situation has always been quite prosperous. Estimates for GDP and per capita GDP are lacking as these data are traditionally calculated together with the values of France, of which Monaco is part of the customs territory. From the point of view of the economic sectors, it should be noted that the industry hosts about a quarter of the workforce (over 50% of the employed are frontier workers from Italy and France): the ” light ” sectors prevail, including recalls the chemical, pharmaceutical, plastic processing, microelectronic components, electrical material industries, as well as some companies in the ” mature ” sectors such as textiles, clothing, paper production, etc. The location of the plants affects the port area and that of Fontvieille.
The pre-eminent activity of the Monegasque economy, however, is represented by the tertiary sector, in which the banks and the variegated financial sector play a leading role. For some time the Principality of Monaco, thanks to the development assumed by its banking system, has been inserted in the circuits of international finance which allows considerable flows of capital to flow into it. A careful system of incentives and tax concessions has then multiplied the number of multinational companies that have chosen the Principality as their registered office for their activities. Considerable currency income is ensured by tourism, which can count on a receptive structure of over 2300 hotel rooms. In 1991, over 200,000 visitors crossed the country’s borders. Monaco’s foreign trade is included in the French one.