Monaco's name comes from the nearby 6th-century BC Phocaean Greek colony. Each year many foreigners are attracted to its casino and pleasant climate.The plan for casino gambling was drafted during the reign of The grantee of the princely concession (licence) was unable to attract enough business to sustain the operation and, after relocating the casino several times, sold the concession to French casino magnates The Blancs had already set up a highly successful casino (in fact the largest in Europe) in Bad-Homburg in the Grand Duchy of Hesse-Homburg, a small German principality comparable to Monaco, and quickly petitioned Charles III to rename a depressed seaside area known as "Les Spelegures (Den of Thieves)" to "Monte Carlo (Mount Charles). Monaco's military defence, however, is still the responsibility of France.On 31 March 2005, Rainier III, who was too ill to exercise his duties, relinquished them to his only son and heir, Albert.Following a period of official mourning, Prince Albert II formally assumed the princely crown on 12 July 2005,Monaco had previously considered an expansion in 2008, but called it off.Under the 1962 constitution, the prince shares his Subsequently, three additional wards were created: The race includes a 1.9-kilometre (1.2-mile) swim, 90-kilometre (56-mile) bike ride and 21.1-kilometre (13.1-mile) run. This church was built in 1958/1959. There are also various other The diocese, which has existed since the mid-19th century, was raised to a non-metropolitan archbishopric in 1981 as the There is one Reformed church, located in the Rue Louis Notari. The employers' contributions are between 28% and 40% (averaging 35%) of gross salary, including benefits, and employees pay a further 10% to 14% (averaging 13%).The absence of a personal income tax has attracted many wealthy "tax refugee" residents from European countries, who derive the majority of their income from activity outside Monaco. Monaco also has an annual bread festival on September 17 every year.Monaco has ten state-operated schools, including: seven There is one university located in Monaco, namely the The flag of Monaco is one of the world's oldest national flag designs.The Monaco bus company (CAM) covers all the tourist attractions, museums, Monaco is so old that it has outlived many of the nations and institutions that it has had relations with. The Report states that there are two Protestant churches, an Anglican church and a Reformed church. "Monaco: Road Racing on the Riviera", in Northey, Tom, editor. For visitors a souvenir This article is about the city-state. Referred to by the Ligurians as Monoikos, from the Greek "μόνοικος", "single house", from "μόνος" (monos) "alone, single" + "οἶκος" (oikos) "house", which bears the sense of a people either settled in a "single habitation" or of "living apart" from others. "Monaco has high social-insurance taxes, payable by both employers and employees. The Association Culturelle Israélite de Monaco (founded in 1948) is a converted house containing a synagogue, a community Hebrew school, and a The circuit is incredibly narrow and tight and its tunnel, tight corners and many elevation changes make it perhaps the most demanding Despite the challenging nature of the course it has only had two fatalities, Monaco also holds a Grand Prix winner, in the form of Monaco hosts two major football teams in the principality: the men's football club, The women's team, OS Monaco, competes in the women's Monaco has a national Davis Cup team, which plays in the European/African Zone. Administered as a part of France for taxation purposes.Kettlewell, Mike. It is affiliated to the The Monaco Christian Fellowship, formed in 1996, meets in the Reformed Church's Rue Louis Notari building. World of Automobiles (London: Orbis, 1974), Volume 12, p.1383. Monaco has no navy or air force, but on both a per-capita and per-area basis, Monaco has one of the largest police forces (515 police officers for about 36,000 people) and police presences in the world.The highest point in the country is at the access to the Monaco exhibits a wide range of architecture, but the principality's signature style, particularly in Monte Carlo, is that of the One of Monaco's main sources of income is tourism. The Monaco made a special agreement with France in 1963 in which French customs laws apply in Monaco and its territorial waters.There are two embassies in Monaco: those of France and Italy.In the year 2000 nearly two-thirds of the residents of Monaco were foreigners.A recurring issue Monaco encounters with other countries is the attempt by foreign nationals to use Monaco to avoid paying taxes in their own country.There are no border formalities entering or leaving France. For other uses, see Please update this article to reflect recent events or newly available information.after accusations that the government was acting according to the motto " Please update this article to reflect recent events or newly available information.Through an agreement with France. However, due to a bilateral treaty with France, French citizens who reside in Monaco must still pay income and wealth taxes to France.Monaco also mints collectors' coins, with face value ranging from €5 to €100.Citizens of Monaco, whether born in the country or naturalised, are called Christians comprise a total of 86% of Monaco's population.According to Monaco 2012 International Religious Freedom Report, Roman Catholics are Monaco's largest religious group, followed by Protestant Christians.
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History of Monaco