AGP Executive Report

Monaco Bombing: In a BBC interview from prison, former Ukrainian security officer Vitalii Zhykovych alleged senior military intelligence officials proposed the June bombing that badly injured businessman Vadym Yermolayev, his partner and son. He denies ordering the attack or killing the woman accused of planting the bomb; his claims remain allegations. Housing & Heritage: A National Council budget debate was suspended amid a clash with the Government over housing and jobs. Separately, a proposed law would impose sweeping property controls on Monaco’s historic Rock. Yacht Policy: Work has begun on a new yacht mooring zone ahead of Monaco’s 2027 anchoring ban. Palace & Community: Prince Albert met Jordan’s Crown Prince Hussein at the MED9 summit in Croatia, while Princess Stéphanie visited a new shared-living space in Monaco. Wealth & Residency: Reports that billionaire David Reuben recently moved to Monaco are disputed: records and his spokesperson indicate he has lived in the Principality for years. Visitor News: The Venice Simplon-Orient-Express will add Monte Carlo to its 2027 itinerary.

Government Tensions: Monaco’s National Council suspended debate on the revised 2026 budget after a heated clash with the Government over housing, jobs for Monegasque citizens and the Assembly’s role. Protecting the Rock: A proposed law would give the Government new powers over property sales, conversions and redevelopment in Monaco-Ville, amid concerns about speculation and the loss of residents and local shops. Community: The 22nd Les enfants de Frankie charity campaign launches a €3 “Crazy Frankie” orange nose to support vulnerable children; Princess Stéphanie also visited Monaco’s new shared living unit for people with disabilities. Business: The Monaco Economic Board has become the Monaco Chamber of Commerce, sharpening its focus on supporting local companies. Billionaire David Reuben’s move to the Principality adds to reports of wealthy residents leaving the UK. Marine Protection: Work has begun on nine deep-water yacht moorings ahead of a 2027 ban on anchoring outside the designated zone.

Wealth Moves: Billionaire property tycoon David Reuben, 88, has moved from the UK to Monaco amid tax changes. His brother Simon has lived in the Principality for about 40 years. Pink Ribbon: Princess Charlene joined Monaco’s breast cancer awareness campaign at Casino de Monte-Carlo, helping launch this year’s Octobre Rose events. Basketball: AS Monaco Basket has entered insolvency proceedings and will pause operations after a landmark 12-year rise. The club reported €27.8 million in liabilities and hopes to rebuild. Banking Reform: Monaco’s National Council unanimously approved a 30-day response deadline for bank account applications. If a bank stays silent, applicants can seek government help to secure an account; the change still needs formal approval to take effect. Heritage: Nearly 2,900 people visited Monaco’s cultural sites during European Heritage Days, including 1,592 at the Exotic Garden. Visitors also gained rare access to City Hall rooms and heritage archives.

World Athletics: Josh Kerr and several other stars have been nominated for the 2026 Athlete of the Year awards, with winners to be announced in Monaco on November 29. Breast Cancer Awareness: Princess Charlene launched Monaco’s Octobre Rose campaign by lighting the Place du Casino pink. The government is urging women aged 45 to 80 to attend screening every two years. Charity: Camille Gottlieb is helping bring the Global Gift Gala back to the Hôtel de Paris Monte-Carlo on October 9; proceeds will support Global Gift Foundation, Fight Aids Monaco and Corazones Unidos. Business: Billionaire property magnate David Reuben has moved from the UK to Monaco, amid broader reports of wealthy residents leaving Britain after tax changes.**

Monaco in the spotlight: The World Athletics Awards will be held in Monaco on Nov. 29, with nominees announced this week. Canadian hammer thrower Camryn Rogers and Kenyan stars Sebastian Sawe and Agnes Ngetich are among the 20 finalists, alongside athletes from across track and field. Global sport, Monaco ties: F1’s 2027 Gulf Air Bahrain Grand Prix will feature F2 and F3 curtain-raisers, with Monaco listed as a key stop on the F2 calendar in June. Local culture: Compagnie Hervé Koubi brings “Sol Invictus” to the Center for the Arts on Oct. 22, blending contemporary dance, hip-hop, capoeira and martial arts. Monaco security headline: A Monaco attack suspect wanted by Interpol was shot dead in Ukraine, police said, as an active intelligence officer and an accomplice were detained. Business & lifestyle: APM Monaco and Bahrain Jewellery Centre launched the “Automne Collection,” inspired by autumn colours, with pieces positioned as limited due to rapid seasonal releases.

Tennis Shock in Beijing: Daniil Medvedev was disqualified from the China Open semi-final after a ball struck a spectator in the stands; Medvedev said it was accidental and wished the fan well. Injury Update: World No. 1 Jannik Sinner confirmed he’s ending his 2026 season early for knee treatment, risking his top ranking as he skips the rest of the ATP calendar. Monaco Sports & Culture: Sportel Awards 2026 announced Sonny Anderson as chair of the jury, with winners set for 19 October at the Grimaldi Forum. Local Yacht Spotlight: Yacht Club de Monaco’s Tuiga, skippered by Pierre Casiraghi, won the Tradition category at Les Voiles de Saint-Tropez. Travel & Connectivity: Air Canada will launch twice-weekly Nice–Toronto flights from 16 June 2027, adding a new direct gateway for Riviera travellers. Business Note: Nordic American Tankers said Alexander Hansson bought 300,000 shares, bringing the family total to 12 million NAT shares.

Monaco & Italy State Visit: Princess Charlene and Princess Gabriella matched in soft neutrals as they hosted Italian President Sergio Mattarella at the Prince’s Palace, marking a historic first state visit by an Italian head of state to Monaco. Local Education Disruption: Riviera schools face fresh disruption as teachers and staff are called to strike alongside pupils on Tuesday 6 October, with Nice set for a protest at Place Garibaldi and many lycées shifting to remote teaching. AS Monaco Football: AS Monaco manager Filipe Luís praised Lamine Camara as “the future of football,” while Ghana defender Mohammed Salisu returned from an ACL injury, playing 75 minutes in a Monaco friendly win over Pisa. International Sports Shock: Daniil Medvedev was disqualified from the China Open semifinal after hitting a spectator with a ball, handing Novak Djokovic a walkover to the final. F1/Business Glance: Monaco’s wider luxury-and-business scene continues to draw attention as billionaire David Reuben reportedly moved to Monaco amid UK tax pressure.

Monaco-UK Wealth Shift: New reporting says Britain has lost more than half its billionaire wealth since 2024, with Monaco named as a key destination for ultra-rich movers. Local Diplomacy: Prince Albert II wrapped up an Italian state visit with a focus on practical follow-ups, including modernising air services and improving hospital access for Liguria residents. Sport—Football: Folarin Balogun says he’s still open to a Premier League move after his Everton transfer collapsed over medical-related renegotiations, while he continues playing for Monaco. Sport—Tennis: Carlos Alcaraz reached the Japan Open final after a comeback win over Jaume Munar; Monaco’s Valentin Vacherot is also in the final after beating Monaco’s Vacherot’s opponent. Community Health: Les Marinières en Rose hit record results in Villefranche-sur-Mer, raising €15,000 for Monaco’s CHPG. Sea Conditions: A Monaco Statistics study highlights rare, extreme waves off the coast, including an 8.58-metre record during a 2019 storm. Luxury & Travel: Star Clippers announced 2027 Riviera cruises from Nice, pairing Italian coastal towns with Corsica and Sardinia.

Ultra-Wealth Exodus to Monaco: Britain’s second-richest man, property tycoon David Reuben (88), has relocated to Monaco, joining his brother Simon and adding to a growing billionaire flight blamed on UK tax changes. Monaco’s no income tax, capital gains tax and inheritance tax regime is at the center of the move. Local Safety Update: Two men were hospitalized after a fight at Monaco Arms Apartments in Jacksonville led to gunfire; both victims are reported stable. Football & Monaco Links: Scotland’s new era under former Monaco boss Sebastien Pocognoli continues in Nations League action, while Chelsea’s transfer hunt for Bournemouth and England midfielder Alex Scott remains hot, with Monaco’s Lamine Camara also mentioned in the wider midfield scramble. Tennis Spotlight: Monaco’s Valentin Vacherot reached the Japan Open semifinals after a three-set win over top-10 Arthur Fils. Sports Culture: A campaign is urging Prince Albert II to cancel the Monaco Yacht Show over climate concerns tied to private aviation and superyacht activity.

Ultra-Wealth Exodus: Britain’s second-richest man David Reuben has moved to Monaco, joining brother Simon, as tax changes under Labour continue to push wealthy residents out of the UK. Royal Spotlight: Princess Charlene made a rare public appearance with her brother at the Pink Ribbon Monaco Gala, with buildings lit pink for Breast Cancer Awareness Month. Local Safety Incident: Two men were hospitalized after a fight at Monaco Arms Apartments escalated into gunfire, according to Jacksonville Sheriff’s Office. Climate vs. Luxury Debate: A campaign is urging Prince Albert II to cancel the Monaco Yacht Show, arguing private jets and superyachts drive major emissions. Sports—F1 Monaco Connection: Max Verstappen took pole for the Bahrain Grand Prix at Sepang, with Lewis Hamilton alongside him on the front row. Business & Finance Watch: Monaco is stepping up inspections of banks and financial firms as it seeks to address concerns tied to the FATF “gray list.” Global Celebrity: Kim Kardashian says she stayed single for five years to “completely heal” before dating Lewis Hamilton, who has been linked with Monaco appearances.

Monaco & Europe Diplomacy: Prince Albert II and Princess Charlene hosted Italian President Sergio Mattarella for a historic first state visit to Monaco, celebrating centuries of shared Grimaldi-era ties and a full day of ceremonies, opera and a palace state dinner. Local Governance & Daily Life: A complaint in Monte Carlo alleges a supermarket’s “vulnerable” cooking-oil scheme excluded a grandfather because a grandson’s relatives abroad appeared on the paperwork—sparking questions about unclear rules and fairness for pensioners. F1 Spotlight (Monaco-linked): Formula 1 heads to the relocated Bahrain Grand Prix at Sepang, with Max Verstappen taking pole and Lewis Hamilton alongside him; the weekend’s buzz also keeps Monaco’s F1 ecosystem in the headlines. Sports & Health: Jannik Sinner withdrew from the Shanghai Masters with a lingering knee issue, extending his recovery absence. Business & Travel: Oceania Cruises unveiled its 2027–28 Europe winter program, including a first full Mediterranean season for the Oceania Allura. Culture: Monaco’s Museum of Stamps and Coins launched a new interactive experience for kids.

Monaco & Finance: Monaco regulators are tightening checks on major banks and financial firms as the principality pushes to leave the FATF “gray list,” with extra scrutiny on clients with unsubstantiated sources of funds and suspicious transactions—experts estimate up to a third of flagged problematic clients could be Russian citizens. F1 in the spotlight: Max Verstappen grabbed the first non-Mercedes pole of 2026 at Bahrain in Malaysia, with Lewis Hamilton second and Isack Hadjar third but hit by a grid penalty; the FIA also handed Hamilton a 30-place penalty after an incident involving Audi’s Gabriel Bortoleto. Sports beyond the track: Jannik Sinner extended his injury absence, withdrawing from the Shanghai Masters as he continues recovering from a right-knee issue. Ocean action: The Commonwealth Blue Charter Incubator (with the Prince Albert II of Monaco Foundation) opened Round II funding calls for ocean-focused projects, offering grants up to £50,000. Local culture & society: Prince Albert II and Princess Charlene hosted Italian President Sergio Mattarella for a landmark state visit—Italy’s first-ever head of state visit to Monaco.

Monaco Digital Governance: Monaco has formally ended its “digital transition” era, replacing the Interministerial Delegation for Digital Transition with a new Interministerial Delegation for Digital Affairs (DIN) from 5 October—making AI and digital tools a permanent part of government operations. Monaco Culture for Families: The Museum of Stamps and Coins in Monaco has launched a €5 interactive experience for kids (ages 8–15), with a puzzle booklet guiding children through the stories behind stamps, coins and Monaco history. Monaco Sports Spotlight: Tennis player Valentin Vacherot (Monaco) keeps rolling in Tokyo, staging a comeback win over Stefanos Tsitsipas to reach the next round. Luxury & Lifestyle: Monaco Yacht Show coverage highlights the shift toward “longevity and well-being” in superyacht design, with Majesty unveiling its next generation at the event. Business Watch: BNP Paribas is expanding wealth management into the Nordic region, appointing a new head for ultra-high-net-worth clients.

Digital Governance: Monaco has formally ended its “digital transition” era, creating a permanent Interministerial Delegation for Digital Affairs (DIN) from 5 October and folding AI into everyday government work. Local Mobility: The Principality has overhauled seasonal taxi licence rules, prioritising Monégasques and residents first and giving more weight to proven experience to improve availability during peak periods. Family & Culture: Monaco’s Museum of Stamps and Coins launched a €5 interactive kids’ experience (30 Sept), with puzzle booklets for ages 8–15 and a free adult admission offer until 2 November. Sportel Monaco 2026: The conference programme is out, focusing on how AI, new production models, and betting are reshaping sports media and fan experiences. Yachting & Events: At the Monaco Yacht Show, Majesty unveiled a new superyacht generation centred on well-being and longevity, while Sportel Awards 2026 jury chair Sonny Anderson returns to the Principality. Charity Motorsport: MyCrown Collection and YellowKorner Monte Carlo back the Jules Bianchi Karting Marathon (2–4 Oct) supporting families affected by severe brain injuries.

F1 in Malaysia (heat-hazard): Max Verstappen says drivers must “get comfortable with the uncomfortable” as the FIA labels this weekend’s Bahrain Grand Prix in Sepang a heat-hazard race, with temperatures expected to top 31°C; Verstappen points to months of mental prep and even sauna-style training. Monaco royalty milestone: Princess Charlene and Prince Albert II attended a Monaco City Hall reception celebrating the birth of baby Anna, Monaco’s 10,000th citizen, with Charlene wearing a romantic white Carolina Herrera dress. Monaco & business/wealth: Prince Albert II defended multilateralism at the Council of Europe in Strasbourg as Monaco’s presidency of the Committee of Ministers continues. Yachting & regional growth: Saudi Red Sea Authority awarded Red Sea Global operating licenses for AMAALA Marina and Shura Marina, aiming to boost year-round superyacht berthing—just 2,000 nautical miles from Monaco. Local sports/football: Watford confirmed Senegal right-back Krepin Diatta’s move after his time at AS Monaco.

Council of Europe Diplomacy: With Monaco’s Council of Europe presidency nearing its end, Prince Albert II defended multilateralism in Strasbourg, while Foreign Minister Isabelle Berro-Amadeï put Ukraine and accountability at the centre of Monaco’s final push. Royal Milestone: Princess Charlene shared a warm moment at Monaco Town Hall as the Principality welcomed its 10,000th Monégasque citizen, celebrating baby Anna born in June. Yachting & Marine Economy: The Saudi Red Sea Authority granted Red Sea Global operating licenses for AMAALA Marina and Shura Marina, aiming to boost year-round superyacht berthing and marine services—just 2,000 nautical miles from Monaco. Monaco Yacht Show Science: SeaKeepers and the International Hydrographic Organisation signed a cooperation deal to expand ocean-depth mapping using the yachting community. Local Culture & Charity: Bal de Noël returns to Hôtel de Paris on 11 December with a new chapter, naming Monaco’s animal shelter SPA as principal beneficiary. Sports & Monaco Links: Watford signed former Monaco right-back Krepin Diatta, and Monaco’s ties to football continue to surface amid wider European headlines.