Referring to the economic prospects of the Principality in the year to come, Minister of State Pierre Dartout has said that the international context is “difficult and complex.”

The conflict in Ukraine may have consequences in terms of inflation, especially the price of energy, he said. Monaco’s first minister added that the situation in Gaza added to international instability. He concluded that the question of security is uppermost in peoples’ minds.

This international nervousness is not good for the economy, and notably for tourism, he said.

He said that threats and menaces occur when least expected. In comments to local French-language daily Monaco Matin, Mr Dartout said that it is necessary to be prudent in 2024 but also realistic and ambitious.

FILE PHOTO: Mr Dartout speaks at a cybercrime conference