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    The Principality of Monaco is an independent and sovereign country located on the northern coast of the Mediterranean Sea.
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Monaco welcomes you

The Principality of Monaco is an
independent and sovereign country located on the northern coast
of the Mediterranean Sea.

With a cosmopolitan population and economic structure made up of small and medium sized companies, highly profitable businesses and high-rise industrial workshops, Monaco’s economic reality sets the example for originality and ingeniousness.

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Monaco Matin

"Je pensais, à tort, que c’était une violence qui ne me concernait pas": maman d’un bébé secoué, elle se bat pour une meilleure formation et prévention
March 28th

Aude Lafitte est la présidente de l’association Action contre les violences infantiles. Son petit Timothée est un bébé secoué. Une violence dont il décédera à deux mois. Depuis, cette maman se bat pour une meilleure formation des professionnels et une amélioration de la prévention pour tous. Elle est intervenue à Nice ce lundi 25 mars pour faire passer son message.

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Monaco Tribune

Is it a bird? Is it a plane? No, it’s… a flying cactus
March 27th

A crane was used to move the Jardin Exotique’s gigantic opuntia.

A cactus weighing nearly a tonne was seen in the sky over Monaco the other day. Monaco’s Jardin Exotique (Exotic Garden) is closed to the public while major work is being carried out. A news item by French TV channel TF1 showed head gardener Pierre-Louis Grange’s team moving an opuntia cactus that had been growing in the rock for about a century. The project required significant resources, including a crane.

The cactus was safely secured in a wooden frame. At its foot, rocks were broken up to free the plant’s roots. It was a particularly delicate operation. Speaking to TF1, the head gardener said, “the cladodes are extremely fragile. We tried to tie them down as much as possible, but there is always a risk that they will break. They break like glass.”

The team installed a solid frame to prevent damage to the cactus – © TF1 screenshot

It is an unprecedented operation. The team watched, speechless, as the cactus left the ground. “It’s really not a common sight. I don’t think we’ll see this again in our lifetime,” said Pierre-Louis. “That’s why we’re really happy to work here,” added one of the workers. About a hundred metres further up the steep slope, the gigantic cactus was set down prior to being put in a container. We will have to wait until the long-awaited reopening of the Garden to see the extraordinary plant up close.

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Monaco Yacht Club showcases yachting of tomorrow
March 27th

The Yacht Club de Monaco hosted the 2nd Monaco Smart Yacht Rendezvous, supported by the Prince Albert II Foundation, along with major partners such as UBS, Sindalah, the MB92 Group shipyard and Wider Yachts.

The aim of the Monaco Smart Yacht Rendezvous is to promote sustainable solutions and new technologies for the yachting industry, particularly for yachts over 24m.

“All stakeholders in our sector need to be driving technological progress if we are to make the maritime world more sustainable,” said Bernard d’Alessandri, Secretary General of the Monaco Yacht Club. “It has to be a collective effort.” 

The aim of the networking event, which follows on from the Monaco Smart & Sustainable Marina Rendezvous (22-23 September 2024), is to further the energy transition and foster responsible solutions within the yachting industry.

“Navigating a course to a sustainable horizon in the yachting industry is not just about wind and sails, but also innovation and collective commitment,” said José Marco Casellini, Managing Director of Monaco Marina Management.

Innovations examined by an international jury

“From concept to dismantling every decision directs us towards a future where conscience meets excellence. We must harness the air of change and lead our industry towards an ocean of ethical and responsible actions.” 

The innovations were presented to the international jury members, around twenty industry professionals and investors, through 149 remote interviews.

Participants were able to share their expertise and ‘draw the blueprint’ for the Smart Yacht of tomorrow during specific workshops.

“We need startups, we need ideas, we need the young generation to change the mistakes of the past,” said explorer Mike Horn.

Very interested in the exhibition area, the explorer visited the different solutions on display, including Beyond the Sea by yachtsman Yves Parlier, and Coreod Space, a French start-up that was presenting its AI-powered virtual reality headset.


Winners of the Smart Innovative Yacht Awards 2024

The international jury, made up of around twenty yachting professionals and investors, presented two Smart Innovative Yacht Awards this year. Start-up company Composite-Recycling and the Greenboats scale-up received awards.

Guillaume Perben, co-founder and Managing Director of Composite-Recycling. “We recycle composite materials used to build boats and wind turbines and enable them to become new boats in a way that closes the loop of the constituent materials.  We are very pleased to have won this award for the work we’re doing on recycling boats, helping make boating sustainable and something that no longer harms the environment.”

Loris Schimanski, Business Developer at Greenboats: We are delighted to have won this award and been recognised by these industry giants. Over the last few years, we’ve been working flat-out on R&D to try and develop fibres that can compete with glass fibres and, even better, be lighter. It’s a solution based on panels that can be more easily assembled in the big shipyards to reduce the carbon footprint.”

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Yacht Club de Monaco awards exploration and innovation prizes
March 27th

Le Prince Albert II, who is concerned about the issue, attended the event.

The 7th Monaco Ocean Week was driven by the Prince Albert II of Monaco Foundation along with the Prince’s Government, the Oceanographic Institute of Monaco, and the Scientific Centre of Monaco. During the event, the Yacht Club de Monaco led the debates in the field of Grande Plaisance (Super yachting) on Thursday 21 March, and presented the 4th “YCM Explorer Awards by La Belle Classe Superyachts,” an initiative that was launched in 2019.

A jury of professionals awarded prizes in a number of categories: “technology and innovation”, “science and mediation” and “adventure and environmental ethics”. The Sovereign praised the commitment of these men and women: “who are acutely aware of the environment and are playing and will play a crucial role in marine exploration by providing invaluable support to scientists and local communities.”  Prince Albert II also pointed out that the tradition of exploration was deeply rooted in Monaco’s history, and that we owe it to Prince Albert I.

The four winners are:

  • S/Y Cachalote, a 25-metre boat equipped with flexible solar panels
  • M/Y Archimedes, a 68-metre vessel that explores parts of the ocean that are not well sampled, such as remote areas of the Atlantic, Pacific and Southern Oceans
  • M/Y Gigi, a 49-metre boat that symbolises philanthropic adventure, with missions such as distributing tablets to schools to support local education in disadvantaged regions
  • M/V Lattitude, a 47m vessel for technical changes such as realigning the engines to increase efficiency and speed while limiting its ecological impact.

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Carlo App revisits referral programme
March 27th

Carlo users will no longer earn 2% for referrals. But there will be new benefits, reassures the Monaco-based start-up.

If you are a Carlo user, you will no doubt have received an e-mail explaining changes to its referral programme. A number of users commented on the message via social media. The start-up says it has stuck to its mission statement since the app was launched in 2019: “to help local businesses with a local payment app and a local loyalty programme, on a city-wide scale,”  says Antoine Bahri, Carlo’s co-founder.

“The referral programme has fulfilled its purpose”

Carlo is a cashback application, aimed at businesses in the Principality. The start-up receives 10% for every purchase, including 5% cashback for the user, 2% for the referrer (‘sponsor’) and 3% in fees. The 10% was originally borne by the shopkeeper, but in 2020, during the Covid period, the Monaco Government supported the project by covering that cost. “The project was meant to last four months, but in the end it’s been four years,” says Antoine Bahri,  “There’s a real interest, it’s efficient, and all the players are on board.”

Today, Carlo has around 70,000 users, and almost 80% of the Principality’s businesses are members of the programme. “Now it’s time to make some adjustments. The referral programme has really fulfilled its purpose,”  says Antoine Bahri. With the aim of  “optimising costs, we are changing our referral model; it is not disappearing, but it is evolving.” From 1 April 2024, “the sponsor will no longer receive the 2% cashback on transactions made by the person they refer, but will receive five euros for the first payment the referee makes,”  explains the company director.

Secondly, in addition to the five euros, “we will be adding another benefit, with ad-hoc offers. For example, we’re going to set up campaigns such as: ‘During the month of August, if your referees make a certain volume of purchases, you’ll be rewarded with X euros.'” The 2% will be used to fund this feature in future.

Looking further afield?

Carlo, a start-up that has become a key player in the Principality, is constantly expanding. Since 2020, the application has retained its cashback-based model, but a number of new features have also  been developed, such as payment between friends and gift vouchers. Also of note, the “exceptional Carlo bonus”, for civil servants in particular, is coming to an end. Despite a comment saying “many of us still haven’t spent all of our money,” Antoine Bahri assures us that “it’s a success every year, almost 99% of the money is spent.”

At the end of 2022, the application set out to conquer Aix-en-Provence, with convincing results. So where next? Bordeaux, Toulon or Annecy? Many cities are a potential target for the Monegasque company’s expansion.

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Monaco to host “Blue Economy and Finance Forum” in 2025
March 27th

The forum aims to get businesses and innovative public and private funding solutions behind ocean protection.

Monaco continues to work to protect the oceans. On Monday 18 March, the Monaco Oceanographic Institute and the Prince Albert II Foundation formalised their cooperation with the French Organising Committee for UNOC 2022. By signing a Memorandum of Understanding, the Principality committed to hosting and co-organising the Blue Economy and Finance Forum (BEFF) on 7 and 8 June 2025 at the Grimaldi Forum in Monaco.

The “UN Ocean Conference Special Event” will be part of the United Nations Ocean Conference to be held in Nice from 9 to 13 June 2025, co-organised by France and Costa Rica. The BEFF aims to bring together solutions to support the blue economy and safeguard marine ecosystems, in response to Sustainable Development Goal 14 (SDG14).

Getting public and private players on board

The forum, co-chaired by Pascal Lamy and Ilana Seid, will focus on harnessing public and private resources to protect the oceans. The aim is to bridge the gap between the traditional maritime economy and the sustainable blue economy, by fostering dialogue between businesses, banks, insurance companies and public bodies.

By placing the private sector at the centre of blue economy finance, Monaco is supporting a crucial balance between conservation and sustainable economic development. The recommendations and solutions to come out of the forum will then be presented at the United Nations Diplomatic Conference in Nice, which begins the following day. This new event is further proof of the Principality’s strong commitment to protecting the oceans.

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Monaco Life

Stars 80 Encore! to headline Fight Aids Monaco charity concert this summer
March 27th

As part of the Monte-Carlo Summer Festival and Fight Aids Monaco’s 20th anniversary celebrations, Stars 80 will be stopping off in the Principality for a very eighties evening in July. Here are all the details. 

On 6th July at the illustrious Salle des Étoiles, the cast from Stars 80’s latest tour, Encore!, will be the headline act at a 1980s-themed dinner show benefitting Fight Aids Monaco.

The group takes its inspiration from the cult French movie of the same name that tells the story of two diehard fans of 1980s music who run a struggling lookalikes company. On the eve of filing for bankruptcy, they discover a box of tapes featuring forgotten stars of the era and go on a mission to bring them back to the stage. 

The musical adaptation of the film has proved very popular with fans across France, having been watched by more than 4.5 million theatre goers, and now the production is coming to Monaco.  

Ticket prices start at €260 and the event will be raising money for Princess Stéphanie’s Fight Aids Monaco charity, which is celebrating its 20th anniversary in 2024.  

The doors will open at 8pm, with the concert slated to begin at 10.30pm. Valet parking will be available and the event is suitable for ages seven and up.  

For more information, click here.  

Read related:

Disco fever hits Monaco: Inside the spectacular Bal de la Rose 2024

 

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Photo credit: Pixeline Photography / Stars 80 Encore! Facebook

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Sailing: Cagliari-Monaco regatta to return this April
March 27th

The Cagliari-Monaco regatta, a 360-nautical mile race from the Sardinian capital to the Principality’s Port Hercule via the island of Corsica, will be back next month for a much-awaited second edition. 

The inaugural Cagliari-Monaco event was held back in spring 2023 and was a collaborative affair that drew on the local expertise of the Lega Navale Italiana of Cagliari, the Yacht Club in Porto Rotondo and the Yacht Club de Monaco.  

Although the race was dominated by sailors linked to the Yacht Club de Monaco – member Adalberto Miani’s Botta Dritta crossed the finish line in first place with a time of two days, 16 hours, 50 minutes and 46 seconds – the overall event was celebrated as a demonstration of the authentic “bond between Sardinia and the Principality”. 

See more: Sailing: Yacht Club members dominate Cagliari-Monaco podium

Given the success of last year’s race, which was in part a celebration of the Yacht Club de Monaco’s 70th anniversary, it will come as no surprise to fans of sailing that the regatta will be revived again in 2024. 

Scheduled to take place between 20th and 24th April, the fleet of yachts will depart Cagliari at noon and head toward Villasimius and Sardinia’s eastern coast. An intermediate natural gate off the island of Soffi will record the first times of the race, and then it will be free sailing in the open sea from this point on. To complete the regatta, the competing sailors must arrive in Monegasque waters by 4pm on 24th April.  

BEFORE THE RACE 

The days prior to the race will see crews from all over Europe converging on the seaside city of Cagliari as it plays host to a range of events intended to promote the culture of the sea, navigation skills and the links between the maritime communities of Sardinia and Monaco.  

 

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Photo credit: Yacht Club de Monaco

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Art meets conservation in Michel Bassompierre’s ‘The Giants of Ice’ at the Musée Océanographique
March 27th

In just a few weeks, a new exhibition will open at the Musée Océanographique de Monaco that blends sculptural artistry with a powerful message on the vulnerability of the polar regions. Here’s everything you need to know about Michel Bassompierre’s ‘The Giants of Ice’. 

From 10th April until 6th October, Michel Bassompierre will be showcasing his unique style of sculpture at the Musée Océanographique in a bid to help raise awareness of the critical challenges facing the world’s polar regions.

Bassompierre’s goal is to capture the true spirit of his subjects – in this case, polar bears and a three-metre-high Emperor penguin – with the hopes of inspiring a deeper bond with nature in his audience.

“The duty of artists is perhaps to share our sense of beauty, to create wonder,” he says. “This reconnection to the beauty of nature is necessary to foster a desire to protect it.”

Featuring seven works, including five new creations designed specifically for this event, ‘The Giants of Ice’ exhibition will be spread throughout the museum and on its rooftop terrace. The sculptures will be complemented by original drawings and sketches as well as a continuous film presentation offering a glimpse into the artist’s creative process.

“By sparking wonder, these fragile giants question and challenge the visitor on the extreme vulnerability of these species,” says Robert Calcagno, Director General of the Oceanographic Institute. “These works confront the public with the current challenges of biodiversity protection.”

Read related:

Interview: Robert Calcagno, CEO Oceanographic Institute – Prince Albert I Foundation

 

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Photo credit: Michel Bassompierre, Facebook

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Top global business hubs: where to find opportunity in the next five years
March 27th

The latest Business Environment Index by the Economist Intelligence Unit, the research and analysis division of The Economist Group that includes the London-based The Economist newspaper, has combined data from nearly 100 indicators to create a global overview of the top global business hubs to invest in over the next five years. 

According to the statisticians at the EIU, “There is a statistically significant positive correlation between changes in our Business Environment Index score and growth in real GDP per head, which strips out population changes, with the change in the economy becoming visible one year after the change in the index.” 

Essentially, the scores of the index should provide companies and investors with strong hints at the future of a nation’s economy, whether positive or negative.

See more: Sustainable investing: Four drivers making green ventures attractive

“Knowing in advance where economic growth is about to accelerate can be the difference between investor success and failure,” continues the report. “Our index is designed to reflect the main criteria used by companies to formulate their global business strategies and is based not only on historical conditions but also on our experts’ assessments for the next five years.” 

The Top 10 

The current Top 10 places in which to do business around the world, according to the study, are: Singapore, Denmark, the US, Germany, Switzerland, Canada, Sweden, New Zealand, Hong Kong and Finland.  

According to the report, “These are all advanced economies and long-standing strong performers in our index, so tend to be safe bets for investments. However, both headline and per capita GDP growth rates are likely to be fairly stable and slow.” 

Best placed for acceleration 

The EIU report goes on to identify the nations that are “best placed for an acceleration in GDP per capita and investment growth”. 

Among them are Greece, Argentina, India, Angola. Qatar, Kenya, the Dominican Republic, Venezuela, Lithuania and Serbia.

Greece and Qatar, for example, are noted for their advancements in financing policy, while Argentina and India are earmarked for their changes to their Foreign Direct Investment policies. Angola and Venezuela’s main areas of improvement are market opportunities, Kenya receives recognition for its development of infrastructure, the improving political environment in the Dominican Republic has helped the Caribbean nation earn its spot in the rankings, and the respective tax regime and macroeconomic environment in Lithuania and Serbia are listed as their main areas of progress.  

It is important to note that these 10 countries are those most likely to see their biggest improvements in score in the EIU’s index rather than the fastest real GDP growth. 

 

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Photo source: Coleen Rivas, Unsplash

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Interview: Conductor Kazuki Yamada, Monte-Carlo Philharmonic Orchestra
March 27th

In this interview with Monaco Life, Kazuki Yamada, the talented Artistic and Music Director of the Monte-Carlo Philharmonic Orchestra (OPMC), talks about the role of classical music in modern music, how he inspires his musicians, and what it takes to be a great conductor.  

In September 2016, Kazuky Yamada succeeded the late Yakob Kreizberg as Artistic and Music Director of the Monte-Carlo Orchestra (OPMC), presided over by HRH Princess of Hannover. Yamada, born in 1979 in Kanagawa, Japan, studied at the Tokyo University of the Arts and continues to work and perform in his country of origin every season with the NHK Symphony Orchestra and as Principal Guest Conductor with Yomiuri Nippon SO. On top of that, he is the Music Director and Chairman of the Philharmonic Chorus of Tokyo and the Music Director of the Yokohama Sinfonietta.

The dynamic conductor already had a jam-packed schedule when, in the spring of 2023, he was appointed Chief Conductor and Artistic Advisor of the City of Birmingham Symphony Orchestra (CBSO). Yamada has since built a bridge between the Principality and Birmingham, having conducted collaborative performances on several occasions. He gave a series of concerts on tour around Japan with CBSO in the summer of 2023 and will take OPMC on tour to Japan in 2024. Despite his busy calendar, Yamada manages to spend quality time with his wife and family at their residence in Berlin, Germany.

Kazuki Yamada with all the musicians of the OPMC. Photo credit: Sasha Guzov OPMC

Monaco Life: Who inspired you to pursue a music career and to take up conducting?

Kazuki Yamada: I was a choirboy as a child, and the teacher, who was a true artist, had a significant influence on me. He was strict in his education, took children seriously, and never compromised when making music. One day, he asked me, “Would you like to try conducting?”. When I responded yes, the choir became my first stage as a conductor. I inherited my music and singing spirit from that teacher.

What makes an outstanding symphony conductor?

There are as many ideal images as there are conductors. It is difficult to explain; however,

since the conductor is the only musician on stage who does not make a sound, trusting the orchestra is the most crucial feature. Furthermore, you are an excellent conductor if you can point out the path to follow and motivate everyone.

“Beethoven and The Beatles may seem disconnected at first glance, but there wouldn’t be The Beatles songs without Beethoven.”

 

What do you feel needs to be done to grow classical music audiences?

Even though it is called classical music, there are different genres and perspectives.

What the conductor or music performer can do is continue to introduce a variety of appeals rather than a single approach.Beethoven and The Beatles may seem disconnected at first glance, but there wouldn’t be The Beatles songs without Beethoven.

Music is built on the history of tradition and evolution, so without classical music, there would be no rock, pop, or jazz. In other words, classical music is the roots and DNA of many types of music. It’s vital to hold concerts where people get to feel that DNA.We have entered an era where it’s essential to reach out and actively share your music rather than just waiting for the audience to come to the concert hall.

What is your role as an educator?

My first role is to convey and propagate music, but more importantly, I believe that we communicate how to live through music.Artistic and cultural activities express human life, so it is crucial to show an uncompromising attitude towards them.

Conductor Kazuki Yamada. Photo credit: Sasha Guzov, OPMC

What were your first impressions when you met the musicians of the OPMC and, recently, the musicians at CBSO?

Our first encounter with OPMC was in 2011 when I came to replace the late director, Yakov Kreizberg. So, I got the impression that the entire orchestra was enveloped in sadness. As I performed with them more and more, I realised that they were a bright and lively orchestra, and it became fun to work with them. Our bond has deepened even further by overcoming the difficult times of Covid together. I’ve been thinking of creating music that brings out the individuality in each musician.

The CBSO is in a completely different situation because financial pressure forces it to work faster, with fewer rehearsals, and focus on immediate efficiency. It was challenging to understand the characteristics of the orchestra at first, as it took only a short time from rehearsal to the actual performance. Still, I soon realised that it was a very positive orchestra. Both OPMC and CBSO are orchestras full of smiles.

What are the crucial criteria in establishing your credibility with the orchestra?

They say that a conductor must be “a musician’s musician”. A bond of trust forms only when there is an overwhelming love and understanding of music, and these emotions are shared. Working with music scores is lonely, but when I stand in front of an orchestra, I need to free and open my mind.

How do you select pieces for a concert program?

In the case of OPMC, we decide in consultation with Mr. Didier de Cottignies, the Artistic Delegate. Throughout the season, we strive to create programming and casting that appeals to our audience while ensuring a well-balanced mix of music from various countries and eras.

“Sometimes, I ask myself, ‘Did Beethoven ever see the sea?’ We only know a little about the composer, so using our imagination is essential.”

How do you convey the vision of the composer?

Sometimes, it comes through the score, and sometimes it comes to light by tracing one’s upbringing or learning about the history of that era. For example, Beethoven left behind a strict musical score, and playing according to the score leads to a good performance. But sometimes, I ask myself, “Did Beethoven ever see the sea?” We only know a little about the composer, so using our imagination is essential.

The performance may be better if the vision of 100 orchestra members is considered rather than just the conductor’s. Instead of limiting my perception, I would like to experiment alongside the question: “Did Beethoven ever see the sea?”

How do you inspire the musicians or singers?

Everyone has an excellent understanding of musical scores, so rather than just following them, I hope to offer them theopportunity to expand their imagination. There may be situations where you can convey those keywords verbally, but I would like to do this as much as possible while conducting. My commanding movements must reflect the flow of my emotions and thoughts somewhere in my commanding movements, and the better the musician, the superior the ability to interpret them.

With which instruments does the conductor have the most intense working relationship?

With every instrument alike! However, orchestras are unique, and there are specific sets of instruments that play the role of the conductor better than the conductor. For example, this is sometimes the case for the double bass and timpani; unless they move, the entire orchestra will not budge, no matter how hard the conductor tries.

Of course, the relationship with the concertmaster is very important. Vice versa, conductors need to build close relationships with all the musicians.

Kazuki Yamada with all the musicians of the OPMC. Photo credit: Sasha Guzov OPMC

Toscanini said that the arms are an extension of the mind. What exactly are the orchestra members looking for when they glance up from the music to watch you conducting?

It depends on whether there is inspiration. I aim to conduct myself in a way that makes all the members look up to me.

How do you manage your busy international concerts, opera, and choral conducting schedule?

I have a great manager who helps me schedule all my tasks in a balanced manner. There are periods when I get swamped, but I also have plenty of time off to refresh myself.

Nowadays, people spend more time in front of screens. What are the advantages of attending a live concert?

People do not make eye contact on screens or while listening to a recording. Live concerts allow for a sharing of time and space. Sharing cannot occur unless real people come together, with the audience contributing to their emotions. Sharing the music, the venue, and the atmosphere is the appeal of live concerts. And there’s a unique sense of realism in a live performance, where we never know what will happen.

Main photo credit: Sasha Guzov OPMC

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SEE ALSO: 

Interview: Cecilia Bartoli on taking the Opéra de Monte-Carlo to new heights

 

 

 

 

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