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Monaco has become a major banking centre and sought to diversify into the services sector and small, high-value-added, non-polluting industries. Monaco is a tax haven; it has no personal income tax (except for French citizens) and low business taxes.
Monaco became surrounded by France, when the Kingdom of Sardina ceded the County of Nice to France in the Treaty of Turin (1860). The next year, in 1861 The Kingdom of Sardinia became a part of the Kingdom of Italy. Monaco had been a Protectorate of Sardinia, and managed to survive these changes, avoiding integration with France or Italy.
Monaco City (French: Monaco-Ville [mɔnakɔ vil]; Monégasque: Mùnegu Autu) [1] is the southcentral ward in the Principality of Monaco. [2] Located on a headland that extends into the Mediterranean Sea , [ 3 ] it is nicknamed The Rock (French: Le Rocher ; Monégasque: A Roca ).
The following is a list of adjectival and demonymic forms of countries and nations in English and their demonymic equivalents. A country adjective describes something as being from that country, for example, "Italian cuisine" is "cuisine of Italy".
Monaco has four traditional quarters, from west to east they are: Fontvieille (the newest), Monaco-Ville (the oldest), La Condamine, and Monte Carlo. Monte Carlo is situated on a prominent escarpment at the base of the Maritime Alps along the French Riviera .
An enlargeable map of the Principality of Monaco (slightly outdated). Pronunciation: / ˈ m ɒ n ə k oʊ / ⓘ; Common English country name: Monaco Official English country name: The Principality of Monaco
Association Sportive de Monaco Football Club, commonly referred to as AS Monaco (French pronunciation: [ɑ.ɛs mɔnako]), is a professional football club based in Fontvieille, Monaco. Although not in France, they are a member of the French Football Federation (FFF) and currently compete in Ligue 1 , the top tier of French football .
Monaco and the neighbouring County of Nice were taken by the revolutionary army in 1792, and were French-controlled until 1815. Nice passed back to the Kingdom of Sardinia in 1815; then it was ceded to France by the Treaty of Turin (1860). Monaco was re-established by the Congress of Vienna in 1815, with a brief Italian occupation in 1940–43.