Capital: Monaco Language: French Currency: Euro (EUR)
Cities of Monaco
General details about Monaco
CAPITAL CITY OF Monaco: Monaco LANGUAGE OF Monaco: French CURRENCY OF Monaco: Euro (EUR) COMMENTS ABOUT Monaco: The principality of Monaco and city of Monte Carlo lie on the southern Mediterranean Sea coast of France. Electricity : 230V/50Hz (European plug) Calling Code : +377 Time Zone : UTC +1
Economic development was spurred in the late 19th century with a railroad linkup to France and the opening of a casino. Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world famous as a tourist and recreation center. CLIMATE OF Monaco: Mediterranean with mild, wet winters and hot, dry summers RELIGION OF Monaco: Roman Catholic 90% POPULATION OF Monaco: 32,270 (July 2004 est.)> ECONOMY OVERVIEW OF Monaco: Monaco, bordering France on the Mediterranean coast, is a popular resort, attracting tourists to its casino and pleasant climate. In 2001, a major construction project extended the pier used by cruise ships in the main harbor. The principality has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices. The state retains monopolies in a number of sectors, including tobacco, the telephone network, and the postal service. Living standards are high, roughly comparable to those in prosperous French metropolitan areas. Monaco does not publish national income figures; the estimates below are extremely rough.
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CAPITAL CITY OF Monaco: Monaco
