October 16th, 2012
03:54 AM GMT
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Editor's note: The Outlook series spotlights a country to give a deeper understanding of the business, industry and consumer trends that fuel its economy. While exploring the current challenges and opportunities facing a country's economic progress, Outlook also seeks to provide an insight into its future development.

(CNN) The gleaming yachts moored in Monaco’s harbor are the most obvious evidence of the wealth and luxury for which this tiny European principality is renowned. A playground for the rich and famous, with its casinos and the most prestigious race in the Formula One calendar, Monaco also boats the glamour of a royal family whose lineage stretches back centuries. FULL POST

Filed under: Outlook Monaco


October 16th, 2012
03:54 AM GMT
Share this on:

Editor's note: The Outlook series spotlights a country to give a deeper understanding of the business, industry and consumer trends that fuel its economy. While exploring the current challenges and opportunities facing a country's economic progress, Outlook also seeks to provide an insight into its future development.

(CNN) Early October and Monaco is still bathed in glorious sunshine. In the harbor large yachts bob contentedly. Outside the casino on the central square the mood in the cafes is convivial and the conversation is carefree. Ferraris fill the parking spaces and their owners are dressed by haute couture designers.

With such obvious attractions on offer it is easy to see why this tiny principality has been a magnet for millionaires around the globe for years. But there is another, far less visible, side to Monaco that may be an even more serious lure to the super rich. FULL POST

Filed under: Outlook Monaco


October 16th, 2012
03:54 AM GMT
Share this on:

Editor's note: The Outlook series spotlights a country to give a deeper understanding of the business, industry and consumer trends that fuel its economy. While exploring the current challenges and opportunities facing a country's economic progress, Outlook also seeks to provide an insight into its future development.

(CNN) If you take a stroll through Monaco - it's less than two square kilometers in size so it won't take too long - one name, more than any other, seems to keep cropping up: Pastor.

The Pastor family have been in Monaco for a century and over the years have helped develop a significant chunk of it. Nowadays as well as seeing the family name on bill boards and building sites you also have to look out for the far from conventional figure of Gildo Pastor who can occasionally be found hurtling round the principality's cobbled streets on his customized skate board. FULL POST

Filed under: Outlook Monaco


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