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NEWS

National Elections 2023:

Union ationale’s Economic Proposals by Milena Radoman

Shops, innovations, PLLCs, one-stop shops… In its programme, the Union Nationale, constituting the
outgoing majority, laid out certain measures during their campaign which should be of interest to the
country’s economic players.

ow to boost the attractiveness of the country
and enhance its economic model “When
Monaco’s economy is in danger of stumbling, the
Assembly during an elections meeting. Before
the election on 5 February, the President of the
ational Council believes that her running mate
and programme are the best option in a context
where inflation is racing ahead, the price of food
is increasing and where there is an ever greater
need for diversity in the Mon gasque economy.
To promote the development of shops in
all districts, the Union ationale suggests
“thinking of the city with a real commercial
strategy by district and creating a new rent
index for commercial premises in order to take
into account the location and activity,” whilst
“accompanying the programming of the new
shopping centre. “The Carrefour shopping © Conseil National
centre is our common possession and we need Brigitte Boccone-Pagès, entourée de/with Béatrice Fresko-Rolfo & Jean-Louis Grinda
premium quality,” notes Balthazar Seydoux,
to whom a sympathiser said: “The current with the posting of essential documents online: devoted to the country’s economy, the President
shopping centre is declining, some shops are the certificate of residence, the certificate of of the FEDEM, Philippe Ortelli, pointed out the
closing and are not being replaced. It would be nationality, the Trade and Industry Register obstacle of the French SRU law which imposes
interesting to allow pop-up stores to compensate and criminal records,” suggests Franck ulien. the construction of 30% social housing in these
for these closures.” Another measure in the To help companies raise funds, the new Banque municipalities. “We only have 7% of Mon gasque
running: “Improve access to state premises for Mon gasque is designated as an investment employees who would benefit from it. The
commercial use. We can imagine shops on the bank. Will this be its vocation Prince Albert II income ceiling for social housing is the same
first floors in addition to the ground floor like announced in the columns of Monaco-Matin as in a Creuse! We need housing for working
with the March U,” observes Fabrice otari. that this bank could effectively “play the role of people in the neighbouring communities,” he said.
a deposit and consignment fund; but the state The entire Mon gasque social system is in fact
Doing business more easily in Monaco would not be the only shareholder. This is a project based on growth in the number of employees,
Instilling the desire to become an entrepreneur that could support the Principality in its economic including funding the future supplementary
involves facilitating the entrepreneurial journey, development, in the financing of structuring pension fund.
which today is “long and tedious.” The candidate projects and in sustainable development.” Other proposals from the Union ationale:
Roland Mouflard thus took “several months to the creation of MC obs (grouping of several
set up his own limited company. There are Supporting economic players structures such as the Employment and Social
countries where you can open a business in 15 Boosting the country’s economy requires Services) as well as an Observatory of the
minutes...” “There needs to be a shock injection improving professional attractiveness, in a Economy, along with IMSEE, “for the benefit of
of simplicity to turn things round,” said Guillaume context where commuters spend hours in companies and Mon gasques, to map out the
Rose. “The one-stop shop is our quest. We need a transport every day to come to work in Monaco. sectors and professions of tomorrow.” “Digital
Public Service Pavilion.” For the Union ationale, “Two-thirds of employees have to use their car. must become a true economic driver, not just
helping entrepreneurs also means adapting the Imagine if we convert that into tons of CO and a means. We need to attract more innovative
law, which involves modernising company law nervous breakdowns,” said Mika l Palmaro, entrepreneurs, adapt processes and the law
and creating new structures such as P Cs or which also means “resolving the question of even better,” according to Franck ulien. In
limited companies. As for digital, it must become mobility and offering accommodation in nearby addition to “better imposing national priority”
“a tool at the service of entrepreneurs, starting municipalities.” During the election evening (for example with reductions in employers’

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