Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    France's Macron announces renovation to expand capacity of Louvre museum

    France's Macron announces renovation to expand capacity of Louvre museum

    Published by Global Banking and Finance Review

    Posted on January 28, 2025

    Featured image for article about Headlines

    By Dominique Vidalon

    PARIS (Reuters) - France will launch a six-year renovation of the Louvre in Paris, enlarging the world's most-visited museum to make room for the huge crowds who now cram inside the palace on the banks of the Seine, President Emmanuel Macron said on Tuesday.

    A new entrance will make it easier to get in and out, and a dedicated space with a separate entrance will house the art museum's prize attraction, Leonardo da Vinci's Mona Lisa, Macron said during a visit to the museum.

    Starting next year, the museum will also charge a higher entry fee for visitors from outside the European Union, he said.

    Louvre President Laurence des Cars warned last week that the centuries-old building - once a lavish palace for French kings - was in a dire state, with leaks and temperature swings that could endanger the conservation of works of art.

    A visit has become "a physical ordeal", with artwork hard to find in a confusing layout and too little space for visitors to take a break, eat or use the toilet, des Cars said.

    The Louvre now receives 9 million visitors a year, more than double the 4 million it was designed to handle when it was modernised in the 1980s. The renovation will increase capacity to 12 million, Macron said.

    He did not say how much the renovation would cost but said it would be financed through the Louvre's own funds, ticket sales, sponsorships and earnings from its sister museum in Abu Dhabi, and thus "will not weigh on the taxpayer".

    Big civic projects in the capital have traditionally been a way for French presidents to burnish their legacies. Last month, Macron reopened Notre-Dame cathedral, meticulously restored five years after it was damaged by fire.

    "While Notre Dame was the architectural catalyst of our craftsmanship, this project for the Louvre must be for art, art history and its transmission a new step in the life of the nation," Macron said.

    (Reporting by Dominique Vidalon, Geert De Clercq; Editing by Benoit Van Overstraeten, Peter Graff)

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe