News
University of Luxembourg inaugurates fintech centre of excellence
29-03-2023
On 29 March 2023, the University of Luxembourg inaugurated its National Centre of Excellence in Financial Technologies. The interdisciplinary centre will focus on the technological challenges and opportunities of the financial industry.
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Year-on-year inflation lowest in Luxembourg
28-03-2023
Luxembourg recorded the lowest annual inflation rate in member states in January 2023, according to the figures published on 23 February by the statistical office of the European Union, Eurostat. The flash estimates for February released on 2 March also show that Luxembourg maintained the eurozone’s lowest inflation record.
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Mission to Latvia presents potential business opportunities
21-03-2023
A high-level business delegation comprising of 20 Luxembourg companies participated in the three-day official trade mission to Latvia, where an intensive economic and business programme was unpacked, with over 90 B2B meetings taking place on the side-lines. Luxinnovation’s Head of International Relations, Jenny Hällen Hedberg, underscored the effective collaboration between the organisers of the mission and key areas of interest that were identified as a result of interactions between Luxembourg-Latvian counterparts.
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How to succeed with your expansion into Europe: the experts’ top tips
14-03-2023
Some success factors for international companies wanting to expand into the European market are quite obvious: having the right product/market fit and an offering that suits the culture and behaviour of European customers and finding the right business partners, for example. Others are less evident, but can be at least as important. We put together 9 key points from Luxembourg-based experts with decades of experience of advising international businesses about their entry to Europe.
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Fortress, history, identity
10-03-2023
Art and history lovers can find their heart’s desire in Luxembourg City by walking along the so-called MuseumSmile, which is home to no less than seven museums.
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University of Luxembourg ranks 4th worldwide for its high international outlook
09-03-2023
The University of Luxembourg was ranked among the top 250 universities in the world in the Times Higher Education World University Rankings 2023. The multicultural and research-oriented university in Luxembourg, comprised of over 50% of foreign students, was ranked fourth in the world for its international outlook.
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Luxembourg bags world’s best in talent attraction twice in a row
03-03-2023
Luxembourg’s reputation as the world’s top talent magnet has once again been acknowledged in the 2022 Global Talent Competitiveness Index. For the second year in a row, the Grand Duchy retained its no. 1 position for attracting talents and was ranked 11th out of 133 countries assessed in the index, making it one of the top performers globally.
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Luxembourg’s AAA credit rating affirmed by Fitch and Scope
27-02-2023
Luxembourg retained its AAA rating with a stable outlook in the most recent Fitch and Scope ratings. Both credit rating agencies based their conclusions on Luxembourg’s high economic resilience, good governance indices, and robust public finances. Key takeaways from the rating agencies’ evaluation are detailed below.
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Artec 3D inaugurates new production facility in Luxembourg
21-02-2023
Luxembourg-based 3D scanning solutions manufacturer, Artec 3D, expands its presence in the grand duchy with the opening of a new production facility in Senningerberg.
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“Find a place you love”
15-02-2023
When international companies choose the location for their European office, there are a number of factors to take into account. Fedor Antonov, CEO of continuous fibre 3D printing specialist Anisoprint, highlights a range of considerations not to overlook, and recommends company executives to give priority to spending time in their new location.
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Connectivity is key
14-02-2023
The Luxembourg Trade and Investment Offices (LTIOs) are key relays for international companies interested in expanding their business to Europe through Luxembourg. We spoke to Tania Berchem, Executive Director of LTIO Taipei, about challenges, success factors and how she and her team can help.
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A very innovative country
09-02-2023
Charlotte Pedersen, Non-Executive Director and company owner of Pegasus Consilium, came to Luxembourg from Denmark in 2009. She shares her experience of what it is like to do business and live in Luxembourg.
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Top-level security standards for Luxembourg supercomputer
07-02-2023
As LuxProvide, the company in charge of Luxembourg’s supercomputer MeluXina, expands its cooperation with companies, it is implementing an advanced security system to ensure that customers can process their data in a climate of complete trust.
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Entering the metaverse market
02-02-2023
Often considered as the next iteration of the internet, the metaverse is expected to play a key role in the digital transformation of the economy. But is it just hype, or a trend with real substance? We spoke to Arnaud Lambert, Director Digital Transformation, and Sara Bouchon, Director Market Intelligence at Luxinnovation, to find out more.
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Launch of the Humanitarian Innovation Accelerator call for projects
01-02-2023
From today on, the call for projects of the Humanitarian Innovation Accelerator (HIA) will be open to national and international applications in order to promote innovative solutions in support of the global humanitarian sector. Applications can be submitted until 1 March 2023.
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“Break down the diversity barriers”
30-01-2023
Opening a first European office is a big step for many international companies that do not only need to handle business aspects, but also cultural and linguistical challenges. Toshihiko “Toby” Otsuka, CEO of Rakuten Europe, shares how this Japanese company managed to overcome such barriers when establishing its European headquarters in Luxembourg.
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“Revalidate your assumptions”
23-01-2023
Argentine digital health company ViewMind opened its European office in Luxembourg a few years ago. Mark Edwards, CEO, and Matias Shulz, COO of ViewMind, share their insights into key points to keep in mind for international companies that target the European market.
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"People and partnerships key to success"
16-01-2023
In late 2017, San Francisco-based global space-based data, analytics and space services provider Spire opened its Luxembourg office to increase its European footprint. We spoke to John Lusk, COO of Spire Maritime, about what he sees as the main success factors and pitfalls to be avoided for international companies expanding to Europe.
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House of BioHealth extension inaugurated
12-01-2023
On 12 January 2023, a new extension of the House of BioHealth, Luxembourg’s unique hosting facility for biotech and healthtech companies was officially inaugurated. A total of 15,000 m2 of lab and office space are now available for businesses in the sector.
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Gaining a foothold in Europe
10-01-2023
For decades, they have been supporting international companies that are looking to come to Europe and set up branch offices or regional headquarters here. Four Luxembourg-based experts share their insights on how to make the ride to Europe as smooth, speedy and successful as possible.
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Luxembourg ranks 11th in 2023 Global Innovation Scoreboard
09-01-2023
Luxembourg is one of 24 countries classified as "innovation champions" in the 2023 Global Innovation Scoreboard. The country stands out for its high degrees of freedom and diversity.
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The good life in Luxembourg: Faces of Fëschmaart
09-01-2023
The fish market or “Fëschmaart” has always been a lively merchant district. It began with fish and spices, and continues today with handmade goods made to measure. The Fëschmaart is a village in the city, shaped and brought to life by dedicated merchants and restaurateurs.
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LIST opens sustainable composite materials innovation centre
05-01-2023
The Materials Department of the Luxembourg Institute of Science and Technology (LIST) has recently launched a Sustainable Composite Materials and Manufacturing Innovation Centre (SCMM). The new centre will in particular develop composite materials with a very low carbon footprint and demonstrate their benefits through concrete application demonstrators for the automotive, rail, space, aeronautics and future urban air mobility.
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Luxembourg ranks 8th worldwide for rule of law
03-01-2023
Ranked 8th in the 2022 WJP Rule of Law Index, Luxembourg stands out in particular for its high level of order and security, fundamental rights and regulatory enforcement.
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A guide to showcase the VC community in Luxembourg
15-12-2022
Luxembourg start-ups are increasingly attracting investments from both national and international venture capital investors. The Luxembourg Private Equity Association (LPEA) published a VC Guide in November 2022 to highlight this community, which plays a key role for the start-up ecosystem.
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The future of rooftop innovation
13-12-2022
Automotive supplier Webasto produces roofs, electric-cars chargers and batteries as well as heating and cooling systems for the automotive industry. Following the recent acquisition of automotive glazing specialist Carlex Luxembourg, the company is turning its new Luxembourg facility into its global centre of competence for smart glazing.
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The secret of the golden vine
08-12-2022
For centuries, the landscape along the Moselle has been shaped by viticulture. Even the Romans appreciated the terroir in the south-east of Luxembourg. In a recent article, Visit Luxembourg explores the vineyards in the south-east of the country.
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Implementing self-driving vehicles
07-12-2022
In the coming years, autonomous vehicles are expected to revolutionise mobility. Crossroads Magazine spoke to the University of Luxembourg and bus and travel specialist Sales-Lentz about their contributions to making self-driving vehicles a reality.
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Luxinnovation and the City of Tsukuba to jointly facilitate innovation
05-12-2022
On 2 December 2022, Luxinnovation signed a Memorandum of Understanding with the City of Tsukuba, a leading centre for research and innovation in Japan. The two organisations will cooperate to promote economic development and innovation and provide mutual support to innovative companies.
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Sienza Energy develops European HQ in Luxembourg
30-11-2022
Californian start-up Sienza Energy develops high-energy batteries that could be a radical game changer for electric vehicles. Supported by Luxinnovation, the company has chosen to locate its European HQ in Luxembourg with the ambition to perform key R&D activities. It hopes to open a pilot plant for its eco-friendly batteries here in the next few years.
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