Monaco offshore urban extension Monaco, the Second Smallest Country 1 day ago 05:40
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Monaco, the Second Smallest Country Monaco offshore urban extension 1 day ago 02:17
Monaco is a principality governed under a form of constitutional monarchy, with Prince Albert II as head of state. Even though Prince Albert II is a constitutional monarch, he still has immense political power. The House of Grimaldi have ruled Monaco, with brief interruptions, since 1297. The state's sovereignty was officially recognized by the Franco-Monegasque Treaty of 1861, with Monaco becoming a full United Nations voting member in 1993.
Economic development was spurred in the late 19th century with the opening of its first casino, Monte Carlo, and a railway connection to Paris. Since then, the principality's mild climate, splendid scenery, and gambling facilities have made Monaco world-famous as a tourist destination and recreation centre for the rich and famous. However, in more recent years Monaco has become a major banking center and has successfully sought to diversify its economy into the services and small, high-value-added, non-polluting industries. The state has no income tax, low business taxes, and is well known for being a tax haven.
The principality of Monaco offers a great balance of historical and modern attractions. There are various museums and palaces to visit as well as shopping malls and casinos. Monaco also offers relaxation spots along the harbor and even around the attractions. It is relatively easy to navigate Monte Carlo and Monaco if you take the time to learn where the various "short cuts" are. City maps are generally available at most news vendor stands and shops for a small fee.
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