{"id":36840,"date":"2020-09-11T17:42:48","date_gmt":"2020-09-11T15:42:48","guid":{"rendered":"https:\/\/www.monaco-tribune.com\/2020\/09\/monaco-to-unleash-75-million-euro-stimulus-to-revive-economy\/"},"modified":"2020-09-11T17:42:52","modified_gmt":"2020-09-11T15:42:52","slug":"monaco-to-unleash-75-million-euro-stimulus-to-revive-economy","status":"publish","type":"post","link":"https:\/\/www.monaco-tribune.com\/en\/2020\/09\/monaco-to-unleash-75-million-euro-stimulus-to-revive-economy\/","title":{"rendered":"Monaco to unleash 75 million euro stimulus to revive economy"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>On 12 September, the Prince\u2019s government announced an economic recovery plan in hopes of boosting Monaco\u2019s economy following a difficult six months. The amount will be distributed between four main sectors. <\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">Pierre Dartout, Monaco\u2019s new Minister of State, described the government\u2019s 75 million economic recovery plan as \u201cambitiously realistic\u201d. It is a time \u201cwhen we must be both vigilant and mobilised\u2026 the government must strike a balance between respecting health guidelines and introducing stimulus measures,\u201d Dartout explained.<\/p>\n\n<h2 class=\"wp-block-heading\"><strong>Funds for four different sectors<\/strong><\/h2>\n\n<p class=\"wp-block-paragraph\">The 75 million euros will be divided into four different funds, each one intended for a particular sector of the Principality\u2019s economy. The Green Fund (25 million euros) will go towards <a href=\"https:\/\/www.monaco-tribune.com\/en\/2020\/07\/monaco-makes-increasing-efforts-in-energy-transition\/\">Monaco\u2019s sustainable energy transition<\/a>. The Blue Fund (20 million euros) will help Monaco\u2019s firms with digital business transformation. 20 million euros from the White Fund will go to Monaco\u2019s building and construction industry. Finally, the Red and White Fund, worth 10 million euros, will go to <a href=\"https:\/\/www.monaco-tribune.com\/en\/2020\/08\/im-really-scared-monaco-businesses-struggle-to-pick-themselves-up-after-lockdown\/\">help local businesses<\/a>.<\/p>\n\n<p class=\"wp-block-paragraph\">Both temporary unemployment and partial exemption from employer contributions have been prolonged until October. Employees will also be able work remotely until December 2020 if they wish so. Additionally, the government announced the creation of a committee intended to help the newly unemployed to find work. Further information on the recovery plan is available on <a href=\"https:\/\/en.gouv.mc\/Portail-du-Gouvernement\/A-la-Une-du-Portail\/Un-plan-de-relance-de-75-M-cible-pragmatique-et-evolutif\">the government\u2019s website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 12 September, the Prince\u2019s government announced an economic recovery plan in hopes of boosting Monaco\u2019s economy following a difficult [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":36765,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[243,258],"tags":[3571],"post_sectags":[],"post_format":[2465],"class_list":["post-36840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-public-life","tag-economy-en-2","format-in-brief"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Monaco to unleash 75 million euro stimulus to revive economy<\/title>\n<meta name=\"description\" content=\"On 12 September, the Prince\u2019s government announced an economic recovery plan in hopes of boosting Monaco\u2019s economy following a difficult six months. The\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.monaco-tribune.com\/en\/2020\/09\/monaco-to-unleash-75-million-euro-stimulus-to-revive-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monaco to unleash 75 million euro stimulus to revive economy - Monaco Tribune\" \/>\n<meta property=\"og:description\" content=\"On 12 September, the Prince\u2019s government announced an economic recovery plan in hopes of boosting Monaco\u2019s economy following a difficult six months. The\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.monaco-tribune.com\/en\/2020\/09\/monaco-to-unleash-75-million-euro-stimulus-to-revive-economy\/\" \/>\n<meta property=\"og:site_name\" content=\"Monaco Tribune\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MonacoTribune\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-11T15:42:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-11T15:42:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.monaco-tribune.com\/wp-content\/uploads\/2020\/09\/monaco-plan-relance-economique1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1044\" \/>\n\t<meta property=\"og:image:height\" content=\"780\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lola Senoble\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MonacoTribune\" \/>\n<meta name=\"twitter:site\" content=\"@MonacoTribune\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2020\\\/09\\\/monaco-to-unleash-75-million-euro-stimulus-to-revive-economy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2020\\\/09\\\/monaco-to-unleash-75-million-euro-stimulus-to-revive-economy\\\/\"},\"author\":{\"name\":\"Lola Senoble\",\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/#\\\/schema\\\/person\\\/10603f39d06463e013e339670c36bea3\"},\"headline\":\"Monaco to unleash 75 million euro stimulus to revive economy\",\"datePublished\":\"2020-09-11T15:42:48+00:00\",\"dateModified\":\"2020-09-11T15:42:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2020\\\/09\\\/monaco-to-unleash-75-million-euro-stimulus-to-revive-economy\\\/\"},\"wordCount\":230,\"publisher\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2020\\\/09\\\/monaco-to-unleash-75-million-euro-stimulus-to-revive-economy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.monaco-tribune.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/monaco-plan-relance-economique1.jpg\",\"keywords\":[\"Economy\"],\"articleSection\":[\"News\",\"Society\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2020\\\/09\\\/monaco-to-unleash-75-million-euro-stimulus-to-revive-economy\\\/\",\"url\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2020\\\/09\\\/monaco-to-unleash-75-million-euro-stimulus-to-revive-economy\\\/\",\"name\":\"Monaco to unleash 75 million euro stimulus to revive economy\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2020\\\/09\\\/monaco-to-unleash-75-million-euro-stimulus-to-revive-economy\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.monaco-tribune.com\\\/en\\\/2020\\\/09\\\/monaco-to-unleash-75-million-euro-stimulus-to-revive-economy\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.monaco-tribune.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/monaco-plan-relance-economique1.jpg\",\"datePublished\":\"2020-09-11T15:42:48+00:00\",\"dateModified\":\"2020-09-11T15:42:52+00:00\",\"description\":\"On 12 September, the Prince\u2019s government announced an economic recovery plan in hopes of boosting Monaco\u2019s economy following a difficult six months. 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