CFM Indosuez Wealth Management: best bank in Monaco

CFM Indosuez Wealth Management has been named Best Bank in Monaco by the international publication Global Finance in its 2017 awards. The bank, which has its roots in 1920s Monaco, has been praised for its ‘high standards of excellence and innovation in serving its customers’ as well as its 360 specialist employees in agencies around the region.Read more

World’s largest plane joins Nice to Dubai route

From the start of July, Emirates’ A380 superjumbo aircraft – the world’s biggest passenger jet – will be embarking daily from the Nice Côte d’Azur airport runway, but that’s not all. The UAE-based airline will also be offering helicopter transfer from the tarmac to Monaco as well as limousine connections to passengers from First Class to Economy.Read more

Candidates’ wealth made public

For the first time in the history of French presidential elections, new anti-corruption body Haute Autorité pour la Transparence de la Vie Publique has revealed all 11 candidates’ personal declarations of assets and financial interests. All properties and assets worth over 10,000€ must be formally declared as well as cars, the number of personal bank accounts and their status, loans, debts, and business interests.Read more

Air France cabin crew strikes to begin tomorrow

Air France hostesses and stewards are to embark on a three-day strike from tomorrow, which may cause travel and flight disruption for passengers across the country. The company’s cabin crew are angered by plans to introduce a new medium and long haul company – Boost – to Air France’s roster with new working conditions for staff. Five unions in total argue that the contracts being put forward will lead to poorer working conditions, reduced pay and added stress to an already aging fleet.Read more

France’s airports stalled by strikes

Air traffic control workers in France are taking part in a strike this week, which was called by the UNSA union regarding working hours and conditions. Airlines across the board have been affected, with Ryanair cancelling as many as 45 flights today alone and an average of one in three flights cancelled around the country. Read more

Delta resumes NYC flight

The Delta daily flight from Nice to New-York JFK resumes on 15th April. The flight provides full comfort with lie-flat seating and direct access to the aisle for all Delta One Customers. The aircraft is also equipped with WiFi and on demand programmes are free of charge for all passengers.Read more

Air France summer destinations

Air France has announced new, direct connections from Nice to Tel Aviv and Athens as well as from Marseille to the Greek capital, Stockholm and Ibiza. Read more

CFM sells off business outside of AEOI regulations

Monaco-based CFM Indosuez Wealth Management has announced that it has sold a portion of its business within the principality to rival bank Compagnie Monégasque de Banque (CMB). The former says the move is in line with its ‘proactive approach to limit client relations to residents of countries participating in the Automatic Exchange of Information’.Read more

Changes for landlords: furnished tourist accommodation

The French Digital Republic act, which came into force on 7th October 2016, will bring some changes for landlords who let furnished accommodation. From now on, owners of furnished properties who rent them for short periods, even if they rent their main property, have to register with the local mairie and/or ask for a prior authorisation to change the use of their real estate. This authorisation is already necessary for accommodation in Paris, its suburbs and towns with over 200,000 inhabitants, but now smaller towns too have decided to apply this process.Read more

Income tax deducted-at-source in 2018

The main characteristics of the ‘deduction-at-source’ system have just been revealed and further details have come to such: this new reform will be included in the 2017 Finance Act. The ‘deduction-at-source’ of income tax will concern almost all French citizens (employees, retired, persons with income replacement benefits like unemployment benefits…).Read more