Page 107 - Monaco Economy 120
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GR:  I  believe  that   be opened. Tools such as this will, of course,
                                                                    this crisis could   evolve, as already noted during the health
                                                                    be  a  generational   crisis, during which we had to adapt and
                                                                    turning point. Some   create virtual economic missions. Finally,
                                                                    values that have now   to be effective, we will have to continue to
                                                                    become crucial are   monitor geostrategic and macroeconomic
                                                                    still  missing  from   developments, to anticipate changes in the
                                                                    the policies of some   world of work and the needs of our members,
                                                                    business leaders in   whilst preserving our identity.
                                                                    the  Principality
                                                                    one might mention   GR: The MEB is a flexible and adaptable
                                                                    ecologica l and   organisation which is both somewhere for
                                                                    e n v ir on me n tal   the private sector to communicate as well
                                                                    a wa r eness,     as an excellent go-between for the state and
                                                                    e mb r ac i n g   businesses, which was shown during the
                                                                    digitalisation  and   Covid-19 crisis. Post-crisis, our marketing
                                                                    exterior  changes,   missions will be stepped up, with face-to-face
                                                                    awareness of the   meetings as well as a digital presence. The
                                                                    role of a business   organisation gets stronger and stronger every
                                                                    leader and, in some   month, with traditional businesses side-by-side
                                                                    cases, audacity. In   with start-ups from, for example, the Monaco
                                                                    order to illustrate   Tech business incubator, as well as soon from
                                                                    these claims with   Monaco Boost – but also from an evermore
                                                                    an  example,  we   dynamic private sector.
          © NEWDAY STUDIO                                           carried out a study    ill the investment promotion agency side
                                                                    on teleworking, which


            Guillaume Rose, CEO of the MEB                          showed that it works   of things be stepped up
                                                                    in  the  majority  of
                                                                    sectors – more so   MD: As I said before, Monaco needs to retain
           example is that of Bettina, which knew the   in finance than in the construction industry,   its appeal   this is crucial. Marketing to
           right path to take. Even leisure tourism was   of course – and that it satisfied both the   investors, therefore, needs to remain a core
           able to recover this summer, as was events   employee (an increase in quality of life  and   mission of the MEB. The dynamics of change
           tourism, as seen with Monaco  acht Show,   the employer (an increase in productivity . It   driven by the Sovereign are a great help to us.
           which turned out to be a success, whilst all   is clear that we need to retain teleworking     The collaborations we have developed, along
           the odds were stacked against it. Above all,   probably in a manner not quite as widespread   with Guillaume Rose, with other Monégasque
           this crisis strongly hampered the business   as during the health crisis – but without   entities have also contributed to spreading
           tourism sector, which will need a little more   returning to the ultra-minority situation that   Monaco’s influence. There will certainly be
           time to recover. We hope we can now see   prevailed beforehand.  et us use these winning   new ways in which we can continue this, for
           the light at the end of the tunnel – a longer   combinations and make the most of them.   example with different organisations.
           tunnel than we were expecting. The way our   At the MEB, we have introduced one day of
           economy started up again so quickly proves   teleworking per week, increasing productivity   GR: Foreign investors are currently still being
           that it is full of resources.         at the same time as maximising office space   very cautious but we will continue to attract
                                                 at no extra cost!                    them thanks to the networks we have built
            ill there be a new business model that                                    up over the years and which we continue to
           protects ecological and social capital   Speaking of the MEB, how do you see it in   build upon each day, by capitalising on the
                                                  0 years  time                       image of Monaco as a haven of security,
           MD: I’m not sure whether the crisis we are                                 well-being, education and quality of life. With
           going through will necessarily bring about new   MD: The MEB is and will remain, I believe, an   Frédéric Genta’s department, we can offer
           business models. Having said that, subjects   indispensable tool for seeking out investors   digital evolution and with Annabelle Jaeger-
           like sustainable development are now at the   and a source of unparalleled assistance and   Seydoux’s department we offer progress
           heart of our strategies in all sectors of activity.   support for all the companies that choose to   towards the energy transition. By the same
           Driven forward by the Sovereign, Monaco is   become members. What we do relies upon   token, Invest Monaco, at the heart of the MEB,
           determined to set an example in subjects such   numerous connections and, year after year,   is the Principality’s main structure for actively
           as protecting the environment, digitalisation   we expand our networks locally as well as   seeking out investors. Along with my deputy,
           and solidarity. This naturally contributes to   internationally. The MEB is a fabulous tool   Justin Highman, our direct responsibility is,
           pointing companies’ business policies towards   at the service of the Principality and which   therfore, to make sure that this drive does
           a more virtuous model.                needs to continue, so that new horizons can   not slow down.

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