In the elegant surroundings of the Hôtel Hermitage, Rolls-Royce unveiled the new Ghost Series II, the latest update to its most popular nameplate and what the 119-year-old marque describes as “the most technologically advanced and driver-focused V12 Rolls-Royce ever created”. It was the perfect opportunity for Monaco Life’s new car contributor, Richard McCreery, to take it for a spin.

To fully understand how cutting-edge engineering and extreme luxury came together to create something as truly special as the new Ghost Series II, Rolls-Royce sent its Product Expert, Alan Hind, from England to the Principality to present this innovative model at an exclusive gathering organised by BPM Exclusive on Wednesday 12th March at the Hôtel Hermitage.

Hind explained how this latest version has been designed as a “canvas for creativity”, allowing prospective owners to express their individuality. Ghost clients typically invest at least 10% of the purchase price in bespoke customisation, and given the endless possibilities, that figure seems modest. As a brand, Rolls-Royce clearly recognises the importance of personalisation, recently announcing a £300 million investment to expand its Bespoke services at Goodwood.

Driving the Ghost Series II Black Badge: power, precision and unrivalled comfort

Following a cocktail evening and the unveiling of the car on Wednesday 12th March at the Hôtel Hermitage—an event organised by BPM Exclusive—Monaco Life was given an exclusive test drive on the roads around the Principality.

The exterior of the Ghost Series II retains the elegant lines of its predecessor while introducing subtle enhancements, such as updated daytime running light graphics at the front. However, the level of advanced technology engineered into this car may surprise those who still associate Rolls-Royce with tradition.

For instance, the Ghost uses cameras to scan the road ahead, allowing its self-levelling air suspension to anticipate and adapt to surface changes, a feature that creates what Hind describes as “a sensation of flight on land”. The car also utilises GPS to predict upcoming bends and inclines, ensuring the gearbox selects the optimal gear. It even factors in the number of passengers on board, adjusting its driving dynamics accordingly.

While many people think of a Rolls-Royce as typically being chauffeur-driven, this is the model in the range that tends to attract a clientele—often younger—who enjoy the experience of driving.

The interior is exquisite, reminiscent of haute couture, yet the Black Badge model I tested is also designed with driving in mind. Navigating the streets of Monaco—dodging buses and weaving through seemingly ever-present roadworks—the car feels surprisingly agile for its size. You simply glide through the city in a cocoon of serenity.

The V12 engine is remarkably smooth, delivering maximum torque as low as 1,600 rpm, making the driving sensation strikingly similar to that of an electric car. Meanwhile, double-glazed windows reduce the outside world to a mere murmur. The effortless glide from one destination to the next is nothing short of a delight.

Once free from city traffic, the Ghost Series II Black Badge—which offers increased power and torque over the standard model—proves it is far more than just a town car. A button on the gear selector marked ‘Low’ (perhaps because ‘Sport’ might seem a little too common in this context) increases gearshift speeds by 50%, allowing for a more engaging driving experience and a deeper appreciation of the 6.75-litre V12’s refined growl. Yet, even at its most assertive, the sound remains restrained, more akin to the contented purr of a lion than an aggressive roar. The car becomes noticeably more responsive, and while its character remains one of supreme refinement, this subtle shift enhances the pleasure of driving on an open road. Its size and weight mean it is not best suited for winding routes, but few vehicles would rival it for a cross-continent road trip. I could easily spend days covering long distances in this car.

For those considering commissioning a new Ghost Series II—as Rolls-Royce, quite fittingly, refers to placing an order—the starting price exceeds €300,000 and will likely rise significantly with bespoke customisation. However, once you experience what this car truly offers, along with entry into a world of luxury that never ceases to amaze, it almost begins to seem like good value.

Luxury is in the detail

The interior is where you really start to learn what ‘luxury’ means to Rolls-Royce, as each car exhibits a level of refinement and attention to detail that is mind-blowing to the ordinary car buyer. In the new Ghost Series II, the Duality Twill interior fabric incorporates 2.2 million stitches and uses over 17 kilometres of thread that is available in 51 different hues because, as Hind reveals, “fabric seats are making a comeback”. If you prefer leather seats, they can be decorated with unique artworks created out of 107,000 uniform perforations.

Precision is clearly a watchword for Rolls-Royce designers: the Champagne cooler can be set at different optimal serving temperatures, depending on whether you have vintage or non-vintage Champagne. There’s the attention to detail again.

And it just keeps going. The colour of the digital instrument dials in the Ghost Series II can be matched to that of the car’s 44,000 possible paintwork options, while the 1,400-watt audio system uses the aluminium chassis to create resonance chambers for the speakers. The ever-popular Starlight Headliner (car roof) can even mimic the stars in the night sky on a date of your choosing.

“Nine out of 10 buyers tick this option,” reveals Hind.

The dashboard wood is infused with microscopic metallic particles, creating a shimmering effect that took four years to perfect. Adding to the luxury, a softly illuminated Spirit of Ecstasy sits within a small cabinet that also houses an elegant analogue clock.

Join the exclusive Whispers Club

You might find yourself tempted to carry the Rolls-Royce umbrella—discreetly concealed within the door—everywhere you go, like a badge of honour, a subtle signal to fellow owners that you belong to this exclusive circle. After all, only 5,714 Rolls-Royces were sold worldwide last year.

For those looking to mingle with like-minded individuals, the brand has created Whispers, an ultra-exclusive club that grants members access to private model unveilings, lavish lifestyle events and bespoke experiences curated exclusively for Rolls-Royce owners. Fancy renting the New York Philharmonic Orchestra for your birthday? Flying a fighter jet? Owning the world’s most expensive bottle of perfume? With Whispers, the extraordinary is just a request away.

In my opinion

After my drive, I was left with the feeling that this is a car you can enjoy in many different ways, whether powering along the Corniches, navigating around town or even just sitting stationary in it. Car lovers will enjoy creating their bespoke example, they’ll enjoy driving it and they’ll enjoy the entire ownership experience. Such a huge amount of thought has gone into the whole process that you can’t fail to be impressed. You can see why Rolls-Royce has attained the reputation that it has today in the world of luxury motor cars.

If you have the opportunity, I recommend you try it for yourself. You really need to experience it in order to truly understand why a Rolls-Royce is so special.

Monaco Life is produced by a team of real multi-media journalists writing original content. See more in our free newsletter, follow our Podcasts on Spotify, and check us out on Threads,  Facebook,  Instagram,  LinkedIn and Tik Tok.  

Main photo credit: Richard McCreery, Monaco Life

Mihai Craiu – Owner/CEO – Media Consulta International – Part of Fininvest-USA

The 123-acre property once served as a residence for the Queen of Italy and features a 17th-century château, French gardens, and operational vineyards just minutes from Geneva.

Château de Merlinge in Meinier, Switzerland | $63,000,000

Nestled in the serene landscape of Meinier near the picturesque shores of Lake Geneva, Château de Merlinge stands as a testament to centuries of European aristocratic heritage.

This extraordinary 123-acre estate, with origins dating back to the Middle Ages, offers a rare opportunity to own a piece of history that has hosted nobility and served as a sanctuary for free thinkers during the Reformation. Priced at $63,000,000, this magnificent property seamlessly blends medieval architecture with contemporary luxury across its 1,500 square meters (approximately 16,000 square feet) of living space. The estate features eight bedrooms, eight bathrooms, and an array of exceptional amenities, including French-style gardens, a 24-meter swimming pool, and operational vineyards.

Represented by Bob Hurwitz – Hurwitz James Company, Château de Merlinge presents a once-in-a-lifetime opportunity to acquire a property of remarkable historical significance and architectural splendor in one of Switzerland’s most prestigious locations.

A Legacy of Noble Ownership

The story of Château de Merlinge begins in the Middle Ages when the property consisted of six humble farm buildings. By the 17th century, these structures had evolved into a fortified house, reflecting the turbulent political climate of the era. The estate’s true transformation came in 1625 when it was officially established as Château de Merlinge, a name it proudly carries to this day.

Throughout its storied history, the château has served as a residence for European nobility, most notably as a home to the Queen of Italy.

During the tumultuous period of the Reformation, the estate played a crucial role as a sanctuary for free thinkers, cementing its place in the intellectual and political history of the region.

Architectural Grandeur Meets Modern Luxury

The main château building exemplifies the perfect marriage between historical significance and contemporary comfort.

While its exterior retains the commanding presence of a 17th-century aristocratic residence, the interior has been meticulously renovated to incorporate modern amenities without compromising its authentic character.

Spanning over 1,500 square meters, the main residence features grand reception rooms adorned with floor-to-ceiling paintings, a magnificent dining room for hosting elaborate gatherings, and a charming library lined with antique bookshelves.

The opulent game room provides an elegant space for entertainment, while the modern gym caters to contemporary wellness needs.

Throughout the château, exquisite marble floors, ornate moldings, and impeccable decorative elements testify to the meticulous attention to detail invested in preserving and enhancing this architectural masterpiece. Each of the eight bedrooms has been thoughtfully designed to offer both historical charm and modern comfort, with eight full bathrooms featuring luxurious fixtures and finishes.

A Self-Contained Estate of Exceptional Amenities

Beyond the main château, the estate encompasses two grand outbuildings that house staff apartments, stables, additional gym facilities, and spacious garages. These structures maintain the architectural cohesion of the property while providing essential functional spaces for modern living.

The grounds of Château de Merlinge are equally impressive, featuring meticulously maintained French-style gardens that create a formal yet enchanting outdoor environment. A private tree-lined driveway leads to the property, offering both security and a dramatic approach that befits the estate’s grandeur.

Religious and cultural heritage is preserved in the form of an 18th-century chapel on the grounds, while the orangerie and garden pavilions provide charming spaces for relaxation and entertainment. The 24-meter swimming pool offers a refreshing retreat during warmer months, surrounded by the estate’s lush landscape.

Perhaps most unique among the property’s features is its operational farm and vineyards, which not only add to the estate’s self-sufficiency but also connect its current incarnation to its agricultural origins centuries ago.

Prime Location in Switzerland’s Prestigious Lake Geneva Region

Located in Meinier, Château de Merlinge enjoys the perfect balance of seclusion and accessibility. The estate’s position near Lake Geneva places it within easy reach of Geneva’s international amenities, including world-class dining, cultural institutions, and global transportation connections via Geneva International Airport.

The surrounding area is known for its exceptional quality of life, prestigious international schools, and discretion—factors that have long attracted diplomatic, business, and cultural elites to establish residences in the region.

Despite these advantages of location, the château maintains its serene atmosphere, with the 123-acre grounds creating a private sanctuary where time seems to slow down amid the natural beauty of the Swiss countryside.

A Unique Investment Opportunity

At $63,000,000, Château de Merlinge represents more than just a luxury real estate acquisition: it’s an investment in a piece of European history that spans multiple centuries. The seller’s willingness to accept Bitcoin or consider other properties or assets as part of the purchase price adds flexibility for international investors seeking to diversify their holdings with a trophy property.

The estate’s combination of historical significance, architectural integrity, modern amenities, and prime location makes it a unique offering in the global luxury real estate market. For discerning buyers seeking not just a residence but a legacy property with royal provenance, Château de Merlinge presents an unparalleled opportunity.

To explore more exceptional properties in this prestigious region, view 500+ new listings in Switzerland.

Mihai Craiu – Owner/CEO – Media Consulta International – Part of Fininvest-USA

Monaco’s latest budget report has highlighted the Principality’s strong financial position but warns of challenges ahead. With rising costs linked to major projects such as the new Princess Grace Hospital and the Fontvieille Commercial Centre, and a dip in real estate tax revenue from post-Mareterra, the report cautions that Monaco must carefully manage its investments to ensure long-term financial stability.

Monaco’s financial strategy and economic outlook for the coming years were placed under the microscope last week with the publication of the 2024 Annual Report by the High Commission for Accounts. Presented to Prince Albert II on 13th March by Commission President Christian Descheemaeker, the report offers an in-depth analysis of government revenue, public spending and investment projects, while issuing strong warnings about potential fiscal challenges ahead.

Although the Principality’s finances remain robust, the report highlights concerns regarding slowing revenue growth, increasing public expenditures and overspending on major infrastructure projects. With the Mareterra land extension project – a key driver of tax revenue – nearing completion, Monaco must now navigate a period of financial transition, ensuring that its ambitious investments remain sustainable.

A year of revenue growth, but at a slower pace

In 2023, Monaco recorded a budget surplus of €126.3 million, a significant improvement from €32.2 million in 2022. However, while total government revenue reached €2.2 billion, marking a 6% increase, this was a sharp decline from the 17.1% growth seen in the previous year. The report attributes this slowdown to the winding down of major real estate developments, particularly Mareterra, which had been a substantial contributor to VAT (TVA) income.

The surplus also doesn’t take into consideration the €179.9 million ‘Damage Advances’ CST account linked to ongoing legal disputes over construction defects at the Jardins d’Apolline housing complex, which will eventually impact the final budget figures.

Subject to this adjustment, the overall financial result for 2023—including the General Budget and Special Treasury Accounts—shows a revenue surplus of €163.8 million.

Tax revenue behind majority of budget surplus

Tax revenues were the primary source of government income, accounting for 75.5% of total revenue, up from 69% in 2022. The bulk of this came from VAT, which alone represented 52.4% of all state income. A significant portion of this VAT revenue was linked to the real estate sector, particularly Mareterra, as property sales and transactions generated a surge in tax income.

Corporate tax revenue also saw a remarkable increase, rising by 33.4%, largely driven by strong performances in Monaco’s financial sector. However, the government anticipates slower growth in this area moving forward, reflecting broader economic uncertainties.

Real estate-related tax income also grew in 2023, but with major development projects now reaching completion, experts warn that Monaco may not be able to rely on similar revenue streams in the coming years. This shift in income sources raises questions about how the government will maintain its current fiscal trajectory without increasing tax burdens elsewhere.

“While the results for Fiscal Year 2023 are satisfactory, the outlook for the following years is a cause for concern,” write the report’s authors. “Indeed, State revenues no longer have any reason to increase as they have for several years, particularly due to the completion of the Mareterra project, a source of revenue.”

Public spending on the rise

While Monaco’s revenue streams remain strong, public expenditures continue to climb. Ordinary expenditures rose by 13.5% in 2023, reaching €1.2 billion, driven primarily by higher operational costs, public subsidies and growing wage commitments in the public sector.

Salaries and social charges for public sector employees increased to €392.1 million, marking a 6.7% rise due to salary adjustments and pension obligations. Staffing levels within government departments also expanded, following a brief period of stability in 2022.

Social and healthcare spending surged by 15.2%, with significant government subsidies allocated to public housing, healthcare initiatives and support for vulnerable populations. The report highlights the long-term risks associated with these rising costs, warning that, without careful financial management, these commitments could strain Monaco’s budget in the future.

“To maintain a balanced budget in the coming years, it will therefore be necessary to control both ordinary spending and capital and investment spending, which raises different issues,” say the report’s authors. 

Major infrastructure investments and budget concerns

Monaco’s three-year infrastructure investment plan (2024-2026) increased by 10.3% to a total of €10.1 billion. Among the most significant projects are the redevelopment of the Fontvieille Commercial Centre (€401.5 million), the digital transition initiative (€588 million), the renovation of the Louis II Stadium (€399.2 million) and the construction of the new Princess Grace Hospital (CHPG), which alone carries a staggering price tag of €1.25 billion – a 113% increase from the initial 2012 budget allocation of €664.5 million. 

Similarly, the Waste Treatment and Recovery Centre, originally envisioned as a key part of Monaco’s sustainability strategy, has seen its projected costs escalate to €654.9 million. These examples have prompted calls for stricter budget oversight to prevent unnecessary financial strain.

The report also highlights the risks of long-term budgetary imbalances. Despite efforts to control spending, capital expenditures in 2023 amounted to €867.85 million, an 11.5% decline from the previous year. Even with this reduction, the financing balance to be covered after 2026 still stands at €2.71 billion, raising concerns about Monaco’s ability to sustain such high levels of investment without additional revenue sources.

A breakdown of public spending

Public spending saw a sharp rise across multiple sectors in 2023, with significant allocations to culture, international relations, public health, economic development and sustainability. Cultural expenditure increased, with the National Museum’s deficit growing by 15.5% and the Scientific Centre’s by 1.5%, bringing their shortfalls to €7.8 million each. Overall public interventions surged by 33% to €314 million, while spending on international relations grew by 16.1%, including a €74 million three-year programme for development cooperation. In education and culture, €103.5 million was allocated, with €25.1 million directed to TV Monaco and €12.6 million to the Monte-Carlo Ballet Company. The centenary commemoration of Prince Rainier III accounted for an additional €5.7 million.

Public health and social solidarity spending rose by 15.2%, including €15.5 million for a price control scheme, while the National Housing Assistance budget decreased by 9.5% to €13.4 million. The Differential Rent Allowance, however, saw an 8.1% increase to €2.7 million. The Monaco Red Cross received a subsidy boost of 11.5%, bringing its funding to €3.6 million. Sports funding totaled €34.7 million, with stable subsidies of €2.1 million allocated to ASM Football Club and €1.4 million to the Monaco Yacht Club.

In economic development, €56.3 million was invested, including €10.6 million for commercial support and €8 million for public transport coordination. Sustainability initiatives remained a priority, with €19.9 million allocated to environmental efforts, of which €19.2 million was dedicated to Monaco’s energy transition programme. The Blue Fund, created to support Monaco’s sustainability and economic innovation efforts, accounted for an expenditure of €4.6 million and was subject to its own audit.

The challenge of future revenue streams

One of the key takeaways from the report is the warning that Monaco’s future revenue growth may not be as robust as it has been in recent years. The completion of major real estate projects like Mareterra means that tax revenue from property transactions will decline, making it necessary for the government to explore alternative sources of income.

With growing expenditures in healthcare, social security and infrastructure, the financial burden on the state will likely increase. If Monaco does not find new revenue streams, the pressure to maintain budget surpluses will intensify, potentially forcing adjustments to current fiscal policies.

Recommendations and the path forward

The High Commission for Accounts has made several recommendations aimed at ensuring Monaco’s financial sustainability. Among the key suggestions are tighter budget oversight on large-scale infrastructure projects, more disciplined hiring within the public sector and long-term pension reform to address rising social costs.

Maintaining liquidity within the Constitutional Reserve Fund (FRC) is also a priority. The report suggests that rather than distributing budget surpluses across various reserves, Monaco should focus on safeguarding its financial stability by reinforcing its main reserve funds.

Monaco Life is produced by a team of real multi-media journalists writing original content. See more in our free newsletter, follow our Podcasts on Spotify, and check us out on Threads,  Facebook,  Instagram,  LinkedIn and Tik Tok.  

Main photo by Cassandra Tanti, Monaco Life

Mihai Craiu – Owner/CEO – Media Consulta International – Part of Fininvest-USA

The Princess Grace Hospital Centre has unveiled its new AI-powered SmartSpeed MRI module, which promises a faster examination process, improved diagnostics and enhanced patient care.

Monaco Life attended the inauguration of the new SmartSpeed MRI module at the Centre Hospitalier Princesse Grace (CHPG) on 12th March, an event that marked a significant advancement in medical imaging technology for the institution.

The event was also attended by Christophe Robino, Minister of Social Affairs and Health for Monaco, Benoîte Rousseau de Sevelinges, the director of the CHPG, and philanthropist Dmitry Rybolovlev, whose donation made the acquisition of this cutting-edge equipment possible.

“This innovation marks a significant step in the CHPG’s ongoing commitment to providing patients with the highest quality healthcare,” said Rousseau de Sevelinges during her speech.

The CHPG director also expressed her gratitude to Rybolovlev, stating, “Thanks to your generous and constant support, our hospital has been able to integrate major medical innovations, thus improving the care provided to our patients.”

Rybolovlev, who worked as a doctor before entering the business world, said, “I thank CHPG and its director for allowing me to contribute to modernising its equipment. Rapid and accurate diagnosis is crucial, and it’s wonderful that Monaco now has advanced technology to detect various diseases, including strokes. I’m happy to support the hospital and the Principality’s residents once again.”

Meanwhile, Minister Robino noted the potential of AI to revolutionise the healthcare sector, saying, “This technology opens new possibilities for predictive medicine and early disease detection.”

The SmartSpeed MRI module, powered by artificial intelligence, significantly enhances the imaging process by accelerating exam times by up to threefold while improving image quality. As mentioned by Rybolovlev, the new module is expected to be particularly effective in the diagnosis and treatment of strokes, allowing for faster response times and improved patient outcomes.

The head of the CHPG’s Breast Ultrasound Unit, Dr Mathieu Liberatore, told Monaco Life, “This technology allows us to work faster and streamline our examination processes. We can deliver optimal results and necessary diagnostics in a much shorter timeframe, reducing stress for patients.”

He further explained, “Previously, [patients] would spend 15 to 20 minutes in the MRI machine, which can be challenging, especially for those with anxiety. With the SmartSpeed module, exams will take just three to four minutes, greatly improving the patient experience.”

In addition to reducing examination times, the SmartSpeed MRI module offers broader compatibility, enhancing the CHPG’s diagnostic and therapeutic capabilities.

“Its compatibility with 97% of clinical protocols expands diagnostic and therapeutic possibilities, allowing for more comprehensive and personalised patient care,” noted Rousseau de Sevelinges.

Dr Liberatore also pointed out that the module enhances the hospital’s response to urgent cases, telling Monaco Life, “The new SmartSpeed module increases image processing and quality by 30%. This will also enhance the handling of urgent cases, allowing us to identify critical conditions more quickly and begin treatment without delay.”

This latest addition complements the CHPG’s already advanced MRI equipment, which has operated High-Intensity Focused Ultrasound (HIFU) technology since 2021 for the non-invasive treatment of uterine fibroids. This treatment is currently available in only two hospitals within France and Monaco.

Mihai Craiu – Owner/CEO – Media Consulta International – Part of Fininvest-USA

En vacances depuis leur élimination des playoffs de Ligue Magnus par les Brûleurs de Loup, les Aigles de Nice se projettent sur la saison prochaine avec ambition. Et avec un nouveau manager général. Jean-François Dufour quitte les Brûleurs et nous explique pourquoi il choisit les Aigles.

C’était un secret de polichinelle. C’est désormais officiel. Le manager des Brûleurs de Loup Jean-François Dufour quitte Grenoble pour rejoindre le nouveau projet ambitieux des Aigles de Nice, porté notamment par son ami d’enfance Filipe Bastos, qui a investi dans le club azuréen il y a quelques mois avec Etienne Boulay.

“C’est un projet difficile à refuser,” explique à ici Isère Jean-François Dufour. “Je retrouve mon ami de longue date. Je serai resté ici à Grenoble sans ce projet. Il y a beaucoup de choses à faire à Nice. Il n’y a pas beaucoup de joueurs dans le bassin, le club est monté en Magnus il y a neuf ans et n’avance pas beaucoup.”

Jeff Dufour à l’origine de l’arrivée des investisseurs québécois l’été dernier

Jeff Dufour révèle d’ailleurs qu’il est à l’origine de l’arrivée de son ami Filipe Bastos sur la Côte d’Azur. “On se répétait souvent que ce serait incroyable d’avoir notre club de hockey en France. L’année dernière, je lui dis que s’il y a un club où il faut aller, c’est Nice. Pas pour le soleil, mais parce qu’il y a les JO en 2030. Avec la nouvelle patinoire. Et tout ce qu’il y a autour. Il y a un gros potentiel.“

Éliminés par… les Brûleurs de Loup ce mercredi soir en 1/4 de finale des playoffs de Ligue Magnus (0-4), les Aigles de Nice attendent donc de pied ferme celui qui a d’abord entraîné les Brûleurs de Loup avant de devenir Manager du club grenoblois. Avant d’arriver cet été sur la Côte d’Azur, Jeff Dufour avait déjà envoyé “en éclaireur” son ami Nicolas Tomasini à la direction sportive des Aigles de Nice dès le mois de septembre, lui aussi passé par les Brûleurs de Loup pendant de nombreuses années.

Deux amis qui se sont connus, comme avec Filipe Bastos, à St-Jean-sur-Richelieu, au Québec, où ils ont tous joué pour les “Géants”, l’équipe de football américain locale.

Le duo avec Tomasini reconstitué

“On se parle régulièrement avec Nicolas, c’est lui qui m’avait fait venir à Grenoble. J’ai été son manager, il a été le mien. On a une amitié forte. Le rejoindre, c’est aussi quelque chose d’excitant.” Le “board” niçois semble donc au complet avec Dufour et Tomasini aux manettes à partir de cet été pour tenter d’emmener le plus haut possible les Aigles.

“Pour l’instant, on sait que jusqu’en 2029 et l’arrivée de la patinoire, on va jouer le milieu de tableau. C’est aujourd’hui une des organisations les plus pauvres de la ligue. On va prendre le temps, on va être patient. On va travailler la communication, le marketing. Les 3-4 prochaines années, on va construire et développer tous les secteurs et être prêts à s’envoler quand la patinoire arrive.“

Mihai Craiu – Owner/CEO – Media Consulta International – Part of Fininvest-USA

Hauser & Wirth Monaco has unveiled The Josephines, an exhibition by renowned sculptor and poet Barbara Chase-Riboud that honours one of the 20th century’s most iconic performers, Josephine Baker. The striking body of work, which pays tribute to Baker’s exceptional legacy through monumental sculpture, archival material and works on paper, will be on display until 14th June. 

Monaco Life was invited to attend a curator-guided walkthrough at the prestigious gallery for the inaugural presentation of The Josephines on 6th March.

The exhibition is a celebration of Josephine Baker, an extraordinary performer whose career on stage spanned five decades, and it is designed as a tribute to her legacy, with its unveiling marking 50 years since her final performance and also the 100th anniversary of her Paris debut. 

Barbara Chase-Riboud, the world-renowned creative behind the exhibition, is known for her large-scale bronze and textile sculptures. Here, she presents a plethora of captivating works that reflect Baker’s movement and energy.

Central to the exhibition are two monumental sculptures from 2022: Josephine Black/Black and Josephine Red/Red. The imposing sculptures are from the artist’s La Musica series. Rising two meters tall, they capture Baker’s essence through bold contrasts of hard metal and flowing silk, evoking the performer’s legendary movement and dynamism. 

The exhibition features archival material too, including photographs of Baker’s performances in Monaco, presented with support from Archives Monte-Carlo Société des Bains de Mer. Additionally, works on paper from Chase-Riboud’s La Musica (1990–2025) are displayed, continuing her exploration of form, movement and abstraction. 

A special selection of all-white works on paper is also on display. These intricate pieces, crafted using a technique perfected over five decades, involve silk threads piercing Arches paper, forming compositions reminiscent of handwriting and hieroglyphics. The works reflect Chase-Riboud’s signature fusion of visual art and poetry, inviting viewers into a realm of rhythm, energy and light. 

“A leap into space” 

Chase-Riboud’s connection to Baker is one of fate and admiration. The artist first arrived in Paris in the 1960s and established her atelier near Le Bal Nègre, where Baker’s European career took flight. The two met only once, in 1975, backstage at the Bobino Theatre in Paris before Baker’s final performance. That brief yet powerful encounter, along with Chase-Riboud’s attendance at Baker’s posthumous induction into the French National Pantheon in 2021, has informed the creation of The Josephines. 

Reflecting on her personal connection to Baker, Chase-Riboud shared, “It felt like a sign that our paths were meant to cross… The reason why I wanted to do Josephine was because it’s a leap into space.” 

She connects Baker with futurism, an art movement that prioritised dynamism. Instead of depicting a static monument, it was Chase-Riboud’s desire to capture Baker’s energy and movement through sculptural forms in this Hauser & Wirth-housed showcase. 

Like

Hauser & Wirth Monaco has unveiled The Josephines, an exhibition by renowned sculptor and poet Barbara Chase-Riboud that honours one of the 20th century’s most iconic performers, Josephine Baker. The striking body of work, which pays tribute to Baker’s exceptional legacy through monumental sculpture, archival material and works on paper, will be on display until 14th June. 

Monaco Life was invited to attend a curator-guided walkthrough at the prestigious gallery for the inaugural presentation of The Josephines on 6th March.

The exhibition is a celebration of Josephine Baker, an extraordinary performer whose career on stage spanned five decades, and it is designed as a tribute to her legacy, with its unveiling marking 50 years since her final performance and also the 100th anniversary of her Paris debut. 

Barbara Chase-Riboud, the world-renowned creative behind the exhibition, is known for her large-scale bronze and textile sculptures. Here, she presents a plethora of captivating works that reflect Baker’s movement and energy.

Central to the exhibition are two monumental sculptures from 2022: Josephine Black/Black and Josephine Red/Red. The imposing sculptures are from the artist’s La Musica series. Rising two meters tall, they capture Baker’s essence through bold contrasts of hard metal and flowing silk, evoking the performer’s legendary movement and dynamism. 

The exhibition features archival material too, including photographs of Baker’s performances in Monaco, presented with support from Archives Monte-Carlo Société des Bains de Mer. Additionally, works on paper from Chase-Riboud’s La Musica (1990–2025) are displayed, continuing her exploration of form, movement and abstraction. 

A special selection of all-white works on paper is also on display. These intricate pieces, crafted using a technique perfected over five decades, involve silk threads piercing Arches paper, forming compositions reminiscent of handwriting and hieroglyphics. The works reflect Chase-Riboud’s signature fusion of visual art and poetry, inviting viewers into a realm of rhythm, energy and light. 

“A leap into space” 

Chase-Riboud’s connection to Baker is one of fate and admiration. The artist first arrived in Paris in the 1960s and established her atelier near Le Bal Nègre, where Baker’s European career took flight. The two met only once, in 1975, backstage at the Bobino Theatre in Paris before Baker’s final performance. That brief yet powerful encounter, along with Chase-Riboud’s attendance at Baker’s posthumous induction into the French National Pantheon in 2021, has informed the creation of The Josephines. 

Reflecting on her personal connection to Baker, Chase-Riboud shared, “It felt like a sign that our paths were meant to cross… The reason why I wanted to do Josephine was because it’s a leap into space.” 

She connects Baker with futurism, an art movement that prioritised dynamism. Instead of depicting a static monument, it was Chase-Riboud’s desire to capture Baker’s energy and movement through sculptural forms in this Hauser & Wirth-housed showcase. 

Chase-Riboud is herself celebrated for her groundbreaking contributions to art and literature.

She has exhibited globally and holds the distinction of being the youngest artist to have her work acquired by MoMA at just 15 years old. Her recent Paris retrospective, Everytime a Knot is Undone, A God is Released, featured site-specific sculptures across eight prestigious museums, including the Louvre and the Centre Pompidou. She is, in fact, the first living artist to exhibit beneath the Louvre’s glass pyramid.

Born in 1939, she has spent decades bridging sculpture, poetry and literature, with her works held in major museum collections. She has also received literary recognition, including the Carl Sandburg Poetry Prize and an award for Best Novel by an American Woman in 1979.

Her memoir, I Always Knew, is now available in both French and English. Copies of the tome are available at Hauser & Wirth Monaco.

Check out Monaco Life’s reel of The Josephines below:

https://www.instagram.com/reel/DG5qCQiI2Ae/?utm_source=ig_web_copy_link

Mihai Craiu – Owner/CEO – Media Consulta International – Part of Fininvest-USA

Trecem prin turbulențe economice: Criză economică, inflație, dobânzi mari la credite. Să iei decizii financiare pentru famila ta sau pentru firmă, fără să înţelegi datele macroeconomice, P&L sau indicatorii financiari este ca şi cum conduci un avion cu capul scos pe geam. Habar nu ai dacă mai ai combustibil, dacă mai merg motoarele, la ce înălţime eşti sau dacă în faţă este un munte. Un contabil foarte bun se uită cu un ochi în trecut şi în prezent. Şi cu un ochi se uită în viitor. Un contabil foarte bun este ca waze. Îţi spune pe unde trebuie să mergi din punct de vedere financiar.

Să începem

1 Trecut şi prezent

Toate datele macroeconomice arata că România a intrat în recesiune economică TVA-ul încasat de stat în luna ianuarie a scăzut cu 12% comparat cu ianuarie anul trecut TVA-ul măsoară cel mai bine consumul TVA-ul încasat în ianuarie reprezintă consumul din decembrie 2024. Decembrie ar fi trebuit să fie o lună foarte bună din punct de vedere economic. Dacă ţinem cont şi de inflaţia oficială de 5% înseamnă consumul a scăzut cu aproximativ 20%. De asemenea încasările de accize au scăzut cu 20%. Este o scădere foarte mare. Ianuarie a fost şi mai rău din punct de vedere al consumului deoarece aproximativ un milion de oameni au primit mai puţini bani: IT, construcţii, agricultură. Şi datele de la BNR publicate pentru ianuarie arată o scădere bruscă a consumului. A scăzut soldul creditelor ipotecare, iar creditele de consum s-au blocat. În ultimii patru ani nu s-a mai întâmplat aşa ceva. Consumul populaţiei reprezintă 70% din PIB-ul României. În 2025 consumul s-a blocat. Deci, economia o va lua la vale. Dacă vrei să-ţi protejezi familia şi compania, trebuie să bagi capul înapoi în avion şi să începi să studiezi datele macroeconomice, P&L şi indicatorii financiari.

2 Viitor

Urmează o revoluţie economică generată de AI. Acest lucru va modifica toate modelele de business. Multe job-urile vor dispărea. Pot să bag mâna în foc că job-ul clasic de contabil va dispărea în maximum trei ani. Am înţeles acest lucru începând cu anul 2021. Am realizat că în curând nu-mi va mai da nimeni nici măcar 10 lei că ştiu să introduc manual facturi, extrase etc. Sau că ştiu să citesc legi în Monitorul Oficial. Digitalizarea contabilităţii a devenit o urgenţă pentru mine. M-am apucat să învăţ cum să fac aplicaţii contabile cu UiPath. În 2025, la CFO Network am reuşit să automatizăm toate operaţiunile contabile. Nu mai introducem manual niciun document: facturi, extrase, bonuri etc

Aceste lucruri sunt făcute de aplicaţia https://maxfin.ro/#/home. Nu mai citim nicio lege contabilă în Monitorul Oficial. Acest lucru este făcut de aplicaţia www.cfoapp.ro. Ne-am transformat din contabili în parteneri de business pentru clienţii noştri. Învăţăm afacerile lor şi îi sfătuim cum să fie mai eficienţi din punct de vedere financiar.

3 Concluzii

Sfatul meu: Mergi azi pe youtube şi tastează „How to use AI”. În curând va fi obligatoriu să ştii să foloseşti AI.

Mihai Craiu – Owner/CEO – Media Consulta International – Part of Fininvest-USA

United States of Europe

Americans see the world as an extension of their reality, like a movie where all the important stuff happens to them. America First isn’t just a slogan — it’s a state of mind. The real show? East and far East stand to be the biggest winners. Supporting “sovereignist” movements aligns perfectly with fascist’s goal of weakening every other geopolitical bloc. Their playbook hasn’t changed: hijack legitimate popular movements in the EU, throw some clowns and useful idiots at the top, and let the whole thing rot from within.

Liberal principles — universalism, intellectualism, human rights — are just annoying speed bumps to them. That’s why “accelerationism” is all about cutting the dead weight of “degenerate” liberal democracy — too weak, too soft, too… ugh, you get the idea. It’s not some sudden conspiracy; it’s the logical result of long-term processes that a good chunk of the U.S. political establishment has quietly accepted. Think back to Teddy Roosevelt’s imperialism — happening right in the middle of the so-called Progressive Era.

Entertainment, communication — heck, even human interaction — now happen from behind screens: TVs, phones, tablets, fridges (probably). Humanity spends a solid chunk of life staring at pixels, rarely asking the big question: What’s behind the screen?

In the language of the machines we use to “connect,” life is nothing but data — processed, stored, and mostly misunderstood by the people who generate it. Every thought, feeling, and deep 3 AM shower realization is just a string of ones and zeros, piling up into a messy digital landfill. It feels impossible to put things back together like a puzzle with half the pieces chewed up by our dog. But wait! Some daring souls — armed with algorithms and an ungodly amount of computing power — decide to take a shot at reconstructing real life artificially. Surprisingly, it works! Patterns emerge, chaos gets tidied up, and suddenly, reality is being neatly repackaged into structured data. We’re not just playing God anymore — we’re playing Frankenstein in fast speed.

As curiosity snowballs, this virtual model starts looking eerily… complete. At first, its accuracy depends on the information fed into it and the intelligence of its creator. But then, in a twist worthy of a sci-fi thriller, the model gets plugged into reality. And reality, in turn, gets plugged into the model. A feedback loop begins. Information flows back and forth. The simulation influences the real world, and the real world tweaks the simulation. And then — boom. The virtual model figures out how to change reality itself.

Now, the creator of this digital world realizes they hold the ultimate power: shaping the real world from inside the simulation. Ethical concerns? Who cares when we can tweak society like a settings menu? Fix inefficiencies, rewrite history, settle old scores, why not install a few handpicked leaders while we’re at it?

And the movie? It ends with an artificial god at the helm. But a real creator? They’d probably stay independent of their creation. You know… like the actual Universe’s architect intended.

In all this mess, Europe stood quietly and honestly trusted American partners. Could they accept this? Probably not. Europe should wake up and stop drinking the same old Kool-Aid, desperately trying to justify the unjustifiable. These fascist-style movements — yeah, let’s not sugarcoat it — are bound to crash and burn sooner or later. Even Mussolini said fascism can’t be exported. Just like nationalism — those bloodthirsty, insatiable monsters.

The world has changed. Even America has changed. The young neo-cons despise their parents. The new kids? They’re Alt-Right edgelords. I wouldn’t bet a penny on conservative resilience against new-style authoritarianism. It’s like Hydra — cut off one head, and three more pop up, each worse than the last. We instinctively try to find logic, some pattern, where there is none. But nope — out they come, crawling from the deepest corners of the internet, multiplying like bot accounts during election season. Roger Griffin talks about the rhizomatic, spontaneous nature of fascism — sounds fancy, but basically, it spreads like mold.

Back in the day, radio played a huge role in fascist propaganda. Now, we’ve got techno-accelerationists — basically, the same old futurist nonsense but with better Wi-Fi.

Speed, adrenaline, YOLO-ing straight into the void. They are legion. And guess what? They’re already here.

Winston Churchill’s speech is a reminder. He said to the academic youth at the University of Zurich in 1946: “There is a remedy which … would in a few years make all Europe … free and … happy. It is to re-create the European family, or as much of it as we can, and to provide it with a structure under which it can dwell in peace, in safety and in freedom. We must build a kind of United States of Europe.”

Therefore Europe has one choice: United States of Europe or Game Over. This is the defining security dilemma of the coming years. The U.S. won’t leave NATO, and they’ll still provide the nuclear umbrella for their European allies. But here’s the real question: What about conventional security? Who’s going to defend Europe? And now, America looks at Europe and goes: “Oh wow, you guys didn’t build an army? That sucks. Anyway, good luck!”

So either the EU gets its act together and builds a real military force — one that isn’t just for show but has firepower (yes, including nuclear weapons) — or history will repeat itself. And spoiler alert: socialist-leaning nations are always the first to get sacrificed. The only clear exception? Poland — because unlike the rest of Europe, they’ve been doing their homework and stockpiling weapons like it’s Black Friday at a military surplus store.

Bottom line: only a strong, unified European defense (conventional and nuclear) can keep Europeans from getting steamrolled.

Meanwhile, they’ve been saying in the East for years: Without the U.S., Europe is easy prey. And guess what? We’re about to find out if they were right.

Because now, theory is becoming reality. And in this nasty geopolitical stew, we have 2–3 wolves, circling each other like sharks sniffing blood in the water. A disgusting symbiosis. All are ruthless, obsessed with revenge, lacking basic decency. Grandiose, amoral, power-hungry egomaniacs — cut from the same cloth, bonded by the same crude instincts.

It’s terrifying to watch. Like sitting down for lunch… except we all know who’s on the menu.

Europe = SUE = The new free world leader.

Stop Disinformation = From 2022 until January 2025, Europe gave Ukraine 132 billion € and the USA gave 114.2 billion €.

Mihai Craiu – Owner/CEO – Media Consulta International – Part of Fininvest-USA

Grupul Banca Transilvania a crescut în 2024 atât prin achiziții, cât și organic, contribuind la susținerea economiei românești. În același timp, Banca Transilvania este principalul finanțator al economiei, al populației și al statului, inclusiv prin plata impozitelor totale și a contribuțiilor sociale de peste 1,7 miliarde lei, se arată în comunicatul de presă privind raportul activității din 2024.

Taxele și impozitele plătite de Grupul Banca Transilvania în România se ridică la aproximativ 1% din totalul veniturilor fiscale încasate de stat. Impozitul pe profit plătit către bugetul de stat de bancă și de subsidiarele din România ale Grupului BT a fost în 2024 de aproape 2% din totalul impozitului pe profit încasat la bugetul de stat de la firmele din țara noastră.

“2024 a fost încă un an în care banca și subsidiarele sale au crescut semnificativ peste media pieței în ceea ce privește finanțările, operațiunile și tranzacțiile clienților. De asemenea, am crescut anvergura Grupului BT prin mai multe achiziții și integrări în banking și în domenii complementare precum leasing, pensii și asset management. Rămânem optimiști privind viitorul, dar și prudenți în fața unui mediu volatil, cu multiple provocări pe plan intern și internațional. Continuăm să investim prin bancă și prin Grupul BT în tehnologie, inovație și produse pentru a avea o eficiență cât mai mare și a finanța susținut economia românească”, declară Horia Ciorcilă, Președintele Consiliului de Administrație, Banca Transilvania.

Activele Grupului Financiar BT au ajuns la finalul anului trecut la 207 miliarde lei, +22,4% față de 31 decembrie 2023. Contribuția integrării OTP Bank România la creșterea activelor a fost de aproximativ 9,6 puncte procentuale.

Profitul net consolidat al Grupului Financiar BT este de 4,7 miliarde lei, din care profitul net al băncii este de 3,5 miliarde lei. Subsidiarele şi participațiile de capital au contribuit cu aproximativ 384,6 milioane lei la profitabilitatea Grupului BT. Câștigul din achiziții a contribuit cu 815,7 milioane lei la profitul net al Grupului BT. Timp de cinci luni, până la 31 decembrie 2024, societățile achiziționate de la OTP Group au contribuit cu un profit de 58,1 milioane lei la rezultatele Grupului Banca Transilvania.

Profitul operațional al băncii a crescut la 4,5 miliarde lei, +28,3% față de 2023, pe fondul creșterii activității operaționale a băncii. Eficienţa operaţională BT, reflectată de raportul cost/venit, s-a îmbunătățit și a ajuns la 45,4% datorită bunei gestionări a costurilor şi eficientizării activității prin digitalizarea proceselor.

Creditele și creanțele din leasing financiar nete la nivel de Grup BT au crescut cu 27,5%, până la 96,4 miliarde lei, iar depozitele clienților au ajuns la 167,8 miliarde lei, +21,6% față de sfârșitul anului 2023.

Performanța liniilor de business în 2024

• Peste 66.000 companii și 530.000 persoane fizice au ales să lucreze cu Banca Transilvania. BT a ajuns la aproape 4,6 milioane de clienți la finalul anului trecut, din care 4,1 milioane sunt retail și peste 480.000 sunt companii.

• Banca a finanțat companii cu 26,6 miliarde lei și persoane fizice cu 8,8 miliarde lei. Sumele noi acordate clienților Micro și IMM sunt cu 2 miliarde lei mai mari comparativ cu 2023. Banca a fost partener în programele garantate de stat IMM Invest Plus și Creditul Fermierului, cu finanțări de peste 3,5 miliarde lei.

• Peste 300.000 de credite au fost acordate de bancă, +9,4% în 2024 față de 2023. Dintre acestea, 135.000 sunt credite de consum.

• Soldul creditelor brute la nivel de bancă este +13,5%, din care o creștere semnificativă, cu 17,5%, este soldul creditelor pentru companii. Volumul creditelor pentru populație este cu 7,9% mai mare.

• Peste 15.000 de persoane şi-au cumpărat locuinţe cu ajutorul BT, suma acordată fiind de aproximativ 4,5 miliarde lei. Soldul creditelor ipotecare/imobiliare este de 19,3 miliarde lei, +3,2% față de decembrie 2023, reprezentând 22% din portofoliul de credite.

• Numărul de carduri a ajuns la 7 milioane, incluzând cardurile BT emise pentru clienții OTP Bank România, iar tranzacțiile realizate cu carduri au crescut cu 23% față de 2023.

• Numărul plăţilor cu telefonul este +36%, iar volumul transferurilor din BT Pay, +54%, în comparație cu 2023.

Rata expunerilor neperformante (EBA) este de 2,07% la 31 decembrie 2024, iar gradul de acoperire cu provizioane totale a expunerilor neperformante este de 206%. În decembrie 2024, ROE a atins 27,0% la nivel individual, depășind media sistemului bancar de 18,4%. Rata solvabilității BT, încorporând în fondurile proprii profitul net interimar pentru primul semestru al anului 2024, este de 23,54%.

Poziția Grupului Banca Transilvania pe piețe complementare banking-ului în 2024: leadership în funcție de volumele tranzacționate la BVB și în managementul activelor, consolidarea poziției pe piața de finanțare de retail auto, IFN și a fondurilor de pensii, respectiv cel mai bun an în microfinanțare:

• BT Leasing a fuzionat în decembrie 2024 cu OTP Leasing, după o integrare desfășurată pe parcursul a doar patru luni. Compania a ajuns la 42.000 de clienți, peste 63.000 de contracte și active totale de peste 6,1 miliarde lei.

• BT Capital Partners, compania de brokeraj a Grupului BT, a ajuns lider la Bursa de Valori București, în funcție de volumele tranzacționate, cu o cotă de piață de 26,7%. BTCP a intermediat două emisiuni de acțiuni pe Piața Principală a BVB și o serie de emisiuni de obligațiuni pe piețele externe și la BVB.

• BT Asset Management și-a menținut poziția de lider și a depășit suma de 6 miliarde lei active administrate. Mai mult de jumătate din noii investitori din România au ales să lucreze cu BT Asset Management în 2024.

• BT Mic a finanțat în 2024 aproape 10.000 de clienți. Compania a ajuns la peste 22.000 de clienți, cu finanțări de 1,27 miliarde lei, care sunt +27% față de 2023.

• BT Pensii a ajuns la 290,5 milioane lei active gestionate, +33% față de 2023.

• BT Direct și-a menținut trendul de creștere și a ajuns la finalul anului 2024 la 260.000 clienți și active totale de peste 1,1 miliarde lei, +20% față de 2023.

• Code Crafters și-a extins capacitatea de livrare a soluțiilor financiare prin diversificarea tehnologiilor, extinderea portofoliului de proiecte și a echipei. De asemenea, a obținut certificarea internațională ISO 27001:2022 pentru Sistemul de Management al Securității Informațiilor.

Mihai Craiu – Owner/CEO – Media Consulta International – Part of Fininvest-USA

Read Warren Buffett’s latest annual letter to Berkshire Hathaway shareholders

Warren Buffett’s Berkshire Hathaway raised its stakes in Mitsubishi Corp., Mitsui & Co., Itochu, Marubeni and Sumitomo — all to 7.4%.

Bloomberg | Bloomberg | Getty Images

Warren Buffett released Saturday his annual letter to shareholders.

In it, the CEO of Berkshire Hathaway discussed how he still preferred stocks over cash, despite the conglomerate’s massive cash hoard. He also lauded successor Greg Abel for his ability to pick opportunities — and compared him to the late Charlie Munger.

buffett-letter-full_compress

Mihai Craiu – Owner/CEO – Media Consulta International – Part of Fininvest-USA