French and Riviera News Tuesday 26th July 2022


Investigation assets acquired by Russian oligarchs - France's National Prosecutor’s Financial Office has opened an investigation targeting the assets acquired in France by Russian oligarchs close to President Vladimir Putin, following a complaint filed at the end of May by the NGO Transparency International France (TIF). The investigation was opened on July 1st for "organized money laundering, corruption, embezzlement of public funds and aggravated tax evasion". In France, several properties have been identified on the Côte d'Azur, in the Rhône-Alpes region, in Paris but also in the South-West. At the end of April, France had immobilized 23.7 billion euros of Russian assets on its territory, including real estate for an acquisition value of 573.6 million. Cap d'Antibes, Cap Ferrat, Courchevel and Corsica have for several years been popular destinations for Russian billionaires, who have sometimes caused prices to soar by the amounts of their acquisitions.

Heatwave alert lifted in the Var and the Alpes Maritimes – The orange heat wave alert has been lifted from this morning Tuesday 26th July, in both the Alpes-Maritimes and the Var. Temperatures, which reached up to 38 degrees in places on Monday, will experience a "significant drop" today with maximums of 35 degrees expected.

High fire risk in both the Var and the Alpes Maritimes - Meanwhile the prefecture of the Var and the Alpes Maritimes has warned today of the “very high risk of fire” due to the mistral and extreme dry weather conditions.

Creation of local renewable energy network - Major works between the business school Edhec and park Phœnix on the promenade des Anglais in Nice is expected to lead to major traffic disruptions. Due to the creation of a local renewable energy network, connecting a wastewater treatment plant to terminal 1 of Nice International airport traffic in the area will be impacted. The work which started on Monday 25th July is to last until the end of December.

Shop owners concerned about new regulation - Shop owners in the old town of Antibes have expressed their concern following the announcement from the government which intends to ban businesses from “keeping air condition on and the door open to avoid wasting energy”.  Many fear that the move will lead to fewer customers.  The decree should be published next September, and the fine could be steep for small businesses: up to €750 in the event of non-compliance with the ban. The objective is to save energy. Speaking to local media Pam Robertson, at Antibes Books, a bookstore specializing in English-language books has already spok