News
Luxembourg among the world's most innovative economies
06-10-2020
Luxembourg ranks the 18th most innovative economy in the world in the 2020 edition of the Global Innovation Index. The country stands out for its ICT access, venture capital deals, knowledge-intensive employment and online creativity.
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Luxembourg top-ranked financial centre in the EU
05-10-2020
The Luxembourg financial centre is ranked number 1 in the European Union, and number 12 in the world, in the new edition of "The Global Financial Centres Index 28".
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Finding business partners for the European market
01-10-2020
Over 30 international start-ups recently participated in ICT Spring, one of Luxembourg’s largest tech events, with support from the international network of Luxembourg Trade & Invest. A great opportunity to meet new customers and partners and enter into the European market.
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Luxembourg acquires petascale high performance computer
30-09-2020
On 29 September 2020, Prime Minister Xavier Bettel and Minister of the Economy Franz Fayot announced the acquisition of Luxembourg's high performance computer (HPC). Named MeluXina, it will become part of the European HPC network.
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A Night of Culture in the air
29-09-2020
On 18 September 2020, Esch-sur-Alzette - Luxembourg's second largest city - became one big playground as it celebrated the Night of Culture. Shows, music, dance and other performances had air as their common theme.
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LIST: Towards greener hydrogen
18-09-2020
In partnership with the French company 3D-Oxides, the Luxembourg Institute of Science & Technology (LIST) is working on a research project designed to make hydrogen production easier, cheaper and more environmentally friendly.
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A governance solution for finance and space
16-09-2020
Irish start-up Modus3 has chosen Luxembourg as its basis for developing and commercialising its enterprise governance platform. Working with an innovative combination of fintech, regtech and space technology, the company is impressed with the hands-on support provided to young businesses coming to Luxembourg.
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10 key technologies shaping the post COVID-19 economy
16-09-2020
The COVID-19 pandemic has changed our ways of living, working, consuming and travelling, and has had a huge impact on companies’ and consumers’ use of technology. Luxinnovation lists 10 key technologies that will play a crucial role in the economy over the months and years to come.
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Luxembourg: maintained AAA rating and stable economic outlook
07-09-2020
Two credit rating agencies, Fitch and DBRS Morningstar, confirmed Luxembourg's AAA rating on 4 September 2020. The two agencies also estimate that the country has the capacity needed to face the economic consequences of the COVID-19 pandemic.
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New information for international companies
04-09-2020
Two new sections on the Luxembourg Trade & Invest website expand the information available and go into more detail about the advantages of doing business in Luxembourg and the support available to companies interested in the Grand Duchy.
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Launch of first high-performance microsatellite of its kind produced and assembled in Luxembourg
03-09-2020
The ESAIL microsatellite for tracking ships worldwide was launched on 2 September 2020. ESAIL is the first satellite of its kind produced and assembled in Luxembourg by LuxSpace, involving a large number of European small and medium-sized enterprises.
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University of Luxembourg among the 250 best in the world
03-09-2020
The Times Higher Education (THE) World University Rankings 2021 once again ranks the University of Luxembourg in the position 201-250 among the top 1,527 universities worldwide.
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Calculating cyber risk: A Luxembourg start-up at the forefront
02-09-2020
As companies’ use of digital technologies increases, so do the associated risks. American start-up Cyberhedge has come to Luxembourg to develop a method for calculating how cyber risk impacts business value, which it hopes will soon become an international standard.
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Visit Luxembourg the virtual way
01-09-2020
Are you longing to be able to travel to new places once again? Why not take a virtual tour to Luxembourg and discover a beautiful and interesting country.
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Business strategies: Capitalising on post-pandemic market trends
27-08-2020
The COVID-19 pandemic is expected to have a profound impact on business strategies. Luxinnovation predicts that changes in consumption patterns, the emergence of new forms of entertainment and tourism, the increased importance of remote working and new forms of innovation spurred by the crisis will lead to new business models and opportunities.
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Fit 4 Start goes fully digital
21-08-2020
After having been postponed in spring due to the COVID-19 crisis, the Luxembourg flagship accelerator programme is back with an autumn edition that will combine a digital selection process with face-to-face coaching.
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Becoming resilient in the face of future crises
19-08-2020
Although COVID-19 is far from the first economic crisis to impact our society, its depth and breadth has brought the issue of resilience and being prepared high in the public conscience. Sara Bouchon, Head of Market Intelligence at Luxinnovation, and Mohamed Toumi, Market Intelligence Analyst, speak about resilience as one of the main market trends that will impact the economy in the years to come.
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Rebuilding the economy for a sustainable future
13-08-2020
Sustainability is one of the major market trends identified by Luxinnovation that will shape the post COVID-19 economy. Head of Market Intelligence Sara Bouchon speaks about how the increased awareness of sustainability issues brought by the coronavirus crisis will influence both policy makers’ choices and consumers’ preferences in the next few years.
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How digitalisation will drive growth and transform society
12-08-2020
Digitalisation is one of the four megatrends identified by Luxinnovation that will radically transform business and society after the COVID-19 crisis. Market Intelligence Analyst Mohamed Toumi provides insights into how companies will need to transform their activity in the coming years to retain a competitive edge.
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Luxembourg will host European space resources innovation centre
11-08-2020
A cooperation agreement was signed between the Luxembourg Space Agency (LSA) and the Luxembourg Institute of Science and Technology (LIST) aimed at creating a European Space Resources Innovation Centre (ESRIC) in Luxembourg by the end of 2020.
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Luxembourg passport 4th best in the world
27-07-2020
Luxembourg passport holders are among those that have the most freedom to travel in the world. They can access 188 different countries without having to apply for a visa in advance.
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Luxembourg 3rd best city for expats
22-07-2020
Luxembourg City ranks 3rd in the world among the most attractive locations for expatriates. The ranking focuses on financial aspects and lifestyle.
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University launches partnership with start-up on smart mobility
16-07-2020
Silicon Valley start-up Civil Maps and the University of Luxembourg’s Interdisciplinary Centre for Security, Reliability and Trust (SnT) announce a research partnership focused on autonomous driving technology. The partnership is supported by Luxinnovation and expands the country’s research focus on self-driving vehicles.
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Internationalisation and research: top scores for Luxembourg University
14-07-2020
The University of Luxembourg received excellent grades in this year’s edition of U-Multirank, the European Commission’s benchmarking tool for universities. It received 16 “A” grades out 32 possible, in particular for its international outlook and research.
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Luxembourg has 12th best young university in the world
06-07-2020
The University of Luxembourg ranks 12th in the 2020 edition of the Times Higher Education Young University Ranking. It moves up 5 places compared to 2019.
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Luxembourg ranks as 2nd most sustainable country in the world
06-07-2020
The 2020 Environmental Performance Index (EPI) considers Luxembourg as the world’s 2nd most sustainable country in its analysis of sustainability around the world.
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Using space power technology for clean energy on Earth
06-07-2020
Maana Electric has developed a revolutionary technology for producing solar panels from sand. Attracted to Luxembourg by the country’s drive to support the new space sector, the start-up is developing a cost-effective and clean way of producing solar energy that can be used on Earth as well as in space.
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How to set up a business in Luxembourg: 8 simple steps
03-07-2020
A new version of the brochure "How to set up a business in Luxembourg" has just been released. The guide provides practical information for international company executives on business permits, legal forms, immigration, financing, taxation and social security as well as on settling down and education in Luxembourg.
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Coronavirus: Impact on the Luxembourg economy
03-07-2020
In line with large parts of the world, the coronavirus epidemic and the related lockdown measures put in place in Luxembourg have considerably impacted the country’s economy. The government has mobilised massive resources to support business, and the national statistics institute forecasts that the 2020 recession will be followed by substantial growth in 2021.
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Luxembourg: Effective management of the COVID-19 health crisis
02-07-2020
A total of 110 coronavirus-related deaths, no new COVID-19 victims since 26 May and, in spite of massive testing, new infections detected per day since mid-May counted in single or double digit numbers: Luxembourg seems to have been successful in its attempts to curb the epidemic.
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