Monaco government delighted by success of Operation Carlo

Operation Carlo - The Prince's Government has expressed it’s delight with the success of "Operation Carlo". As part of the various measures to support the economy, the Prince's Government notably repeated the Carlo operation at the end of 2021. This involved paying an exceptional bonus, directly converted into purchase vouchers, on the Carlo application, to around 10,000 civil servants, State and Municipal employees, retired civil servants and non-medical staff at the Princess Grace Hospital Centre. This amount, varying from 350 to 650 euros per person, can only be spent exclusively in shops in the Principality before March 31st. For each transaction carried out, the customer receives a cash back of 5% of the amount that he can spend again in the network of shops affiliated with Carlo. The objective is both to support the purchasing power of employees while boosting local consumption in order to support the Monegasque economy.

Out of a total amount of 6.5 million euros for the state bonus paid last December, to date, an amount of 4.3 million has already been spent in the 395 partner businesses of the Carlo application. This is direct support injected into the local economy as the month of January was marked by an epidemic rebound. The Prince's Government is also delighted with the new participation of 14 private economic players or organizations who have also decided to grant a bonus to their staff in the form of Carlo shopping vouchers.

Since the launch of the operation on December 1st, the number of daily transactions has doubled compared to last year. The application has accumulated a record number of 96,000 transactions, which represents a total of 9 million euros injected directly into the local economy and generated 630,000 euros in cash back, which will in turn be spent with partnered businesses. These results confirm the success of the economic recovery strategy via local consumption. 

 

 

 

Last local news

French and Riviera News Monday 15th July 2024

Central and Northeastern France has been placed on an orange weather alert with thunderstorms forecast. The warning is in place from 3pm this Monday ... French and Riviera News Monday 15th July 2024 Read More

15/07/2024

Evening Update Friday 12th of July 2024

Deputy Clémentine Autain announced that she and other "purged" deputies of far-left La France Insoumise (LFI) have decided to form an association call... Evening Update Friday 12th of July 2024 Read More

12/07/2024

French and Riviera News Friday 12th July 2024

Firefighters in Rouen, Normandy, have managed to extinguish a fire in the city’s world-famous gothic cathedral which broke out on Thursday lunchtime.... French and Riviera News Friday 12th July 2024 Read More

12/07/2024

Evening Update Thursday 11th of July 2024

Far-left LFI leader Manon Aubry criticizes Emmanuel Macron for being in "total denial of reality" after he called for "republican forces" to form a st... Evening Update Thursday 11th of July 2024 Read More

11/07/2024

French and Riviera News Thursday 11th July 2024

French president Emmanuel Macron has called on political parties in France to “rise to the occasion and work together” to build a mainstream coalitio... French and Riviera News Thursday 11th July 2024 Read More

11/07/2024