News
Inflation in Luxembourg continues to rank among the EU’s lowest
22-08-2023
Luxembourg recorded the second lowest annual inflation rate in the EU, according to the latest July figures shared by the statistical office of the European Union, Eurostat.
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Schueberfouer: Luxembourg’s biggest funfair and unique cultural experience
17-08-2023
Schueberfouer, the biggest funfair in Luxembourg and the surrounding Greater Region, attracts millions of visitors from near and distant corners of Europe and the world annually. The history of this spotlight event is as intriguing as its unique cultural offering in Europe.
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CO2 emissions drop by -12% in Luxembourg: second best record in the EU
03-08-2023
Eurostat’s latest estimates indicate that in 2022, the EU collectively achieved a 2.8% decrease in CO2 emissions from fossil fuel combustion compared to the previous year. Luxembourg recorded the second biggest reduction in CO2 emissions among EU countries.
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Luxembourg’s passport remains one of the best in the world
21-07-2023
According to the most recent global ranking by the Henley Passport Index, the Grand Duchy of Luxembourg's passport remains one of the world's strongest with easy access to 189 destinations worldwide.
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Understanding the market: the number 1 success factor
17-07-2023
What is the main key to success for mobility innovators targeting Europe? Luxembourg smart mobility expert Joost Ortjens and Daphna Brunshtein-Frucht from the Luxembourg Trade & Investment Office in Tel Aviv speak about the importance of understanding the complex European market and investing in having people on the ground who can work together with multiple customers and optimise technology products to meet clients’ real needs.
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“A future-oriented strategy”
11-07-2023
Japan’s ambassador Tadahiro Matsubara took up his appointment in Luxembourg in October 2022 and has already gained a good insight into the Grand Duchy’s economy and business environment. We had the privilege of speaking to him about what Luxembourg can offer Japanese companies and about his experience of interacting with the local ecosystem.
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Luxembourg: International, connected, open for business
10-07-2023
A great number of international start-ups, supported by the Luxembourg Trade & Invest network abroad, benefitted from tech event ICT Spring 2023 to explore Luxembourg as their springboard to Europe. We spoke to some of them about their first impressions of the Grand Duchy and how they envisage their future in Europe.
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Enjoy the Luxembourg summer by bike
10-07-2023
Biking is one of the most popular sports in Luxembourg and an excellent means for discovering the beautiful landscapes and hidden gems to be found all over the country. Between 29 July and 27 August 2023, 12 different “Vëlosummer” routes covering more than 500 kilometres in 58 towns and villages will be available for cyclists to explore the country in complete safety.
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Infinite Reality announces ground-breaking metaverse innovation at Luxembourg tech event
04-07-2023
On 29 June 2023, John Acunto, CEO of global metaverse entertainment and innovation leader Infinite Reality announced a pioneering solution that will be released in the next few weeks: a tool that enables anyone to create their own metaverse. The announcement was made at tech event ICT Spring in Luxembourg, where the company is creating its hub for growing business across Europe.
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Luxembourg startups capture the attention of foreign delegations
03-07-2023
Delegates from around 15 countries met on 28 June 2023 with Luxembourg startups, incubators, investors, research and business institutions ahead of the ICT Spring conference. They also got an insider's view of what makes the Grand Duchy so appealing to international companies.
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10 start-ups graduated from Fit 4 Start #13 and calls are now open for Fit 4 Start #14
30-06-2023
The Graduate Showcase 2023 of the Fit 4 Start programme highlighted 10 start-ups. The calls are now open for Fit 4 Start #14.
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Luxembourg 8th most attractive European country for foreign direct investment
19-06-2023
11% of investors rank Luxembourg as one of the top three countries in Europe that are most attractive for foreign direct investment according to the EY’s Luxembourg Attractiveness Survey 2023. While investment is primarily driven by the financial sector, the digital economy is expected to be a significant driver of growth.
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New capital injection into Luxembourg's Digital Tech Fund
16-06-2023
On 15 June 2023, Minister of the Economy Franz Fayot announced that the Luxembourg state is investing alongside a group of investors in the creation of a new compartment of the Digital Tech Fund. The aim is to continue responding to the funding needs of innovative companies in their start-up phase and further consolidate the development of the Luxembourg start-up ecosystem.
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Luxembourg has 2nd highest level of tertiary education in the EU
14-06-2023
The European Union has set the target that at least 45% of the population aged 25-34 years should have attained tertiary education by 2030. Luxembourg already significantly exceeds this target and currently ranks 2nd among the EU countries.
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Supporting innovations that help other companies grow
13-06-2023
Fabien Amoretti, a successful serial entrepreneur, is the brains behind well-known Luxembourg companies such as Farvest Group, Great Place to Work Luxembourg, and Datapunk – the company that runs Hubfinance, a connection platform for finance experts. The French-Luxembourgish entrepreneur believes that Luxembourg offers an ideal ecosystem for launching martech and fintech firms and is an ideal place for data storage.
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Join the Humanitarian Innovation Accelerator pitching session
06-06-2023
On 29 June 2023, Luxembourg will host the final pitching session of the Humanitarian Innovation Accelerator call for projects launched by the World Food Programme to promote innovative solutions responding to global humanitarian needs. Innovative entrepreneurs from 14 countries will present their solutions and pitch for support, mentorship and funding.
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Supporting innovations that help other companies grow
05-06-2023
Fabien Amoretti, a successful serial entrepreneur, is the brains behind well-known Luxembourg companies such as Farvest Group, Great Place to Work Luxembourg, and Datapunk – the company that runs Hubfinance, a connection platform for finance experts. The French-Luxembourgish entrepreneur believes that Luxembourg offers an ideal ecosystem for launching martech and fintech firms and is an ideal place for data storage.
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Echternach hopping procession: intangible UNESCO heritage
01-06-2023
Anyone passing through the Luxembourg town of Echternach on Whit Tuesday might have seen a curious sight: thousands of people, mainly dressed in black and white, hopping through the town’s medieval streets to a polka melody. This tradition, whose roots go back to the 15th century, has been recognised as an Intangible World Cultural Heritage by UNESCO.
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Why choose Luxembourg for business? Discover our new video
31-05-2023
Have you ever considered benefitting from Luxembourg as the launch pad to the European market for your international company? Join us in our innovative virtual studio to discover why you should!
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Webasto invests in new production line in Luxembourg
26-05-2023
Automotive supplier Webasto has been present in Luxembourg since summer 2022 and is turning the facility here into its global centre of competence for smart glazing. The company is now investing in a new Luxembourg-based production line for high-tech glass. The ground-breaking ceremony was held on 24 May 2023.
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House of Sustainability opens in Luxembourg
23-05-2023
The House of Sustainability, which officially launched on 21 April 2023 as a one-stop shop for all sustainable development solutions in Luxembourg, offers and guides companies toward an all-inclusive service offering available in Luxembourg to support their sustainable transition. Companies of all sizes and from all sectors can benefit from a vast ecosystem of sustainable solution providers based in Luxembourg.
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Two Luxembourg start-ups supported by WomenTechEU
15-05-2023
In the framework of the WomenTechEU programme dedicated to innovative deep-tech projects led by women, two Luxembourg companies, supported by Luxinnovation, have received European financial aid.
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Luxembourg: Exceptionally open to business
15-05-2023
In April 2023, Adrian Trömel, Luxembourg’s Foreign Trade Advisor in Texas, co-organised a visit to Luxembourg for a group of Houston-based venture capital, private equity and real estate firms to explore how the Grand Duchy could help them reach the European market. The similar economic interests, including Luxembourg’s openness to business, services and resources for funds and companies looking to grow left a lasting impression on the delegation.
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Innovative companies in Luxembourg are supported by “a strong network”
10-05-2023
Maxime Delmée, Belgian CEO and co-founder of AM 4 AM, a startup specialised in the development of new materials for additive manufacturing and a graduate of the Fit 4 Start acceleration programme in Luxembourg, discusses his entrepreneurial experience in Luxembourg. He explains that Luxembourg’s openness to innovation and its support for startups was crucial to his company’s development.
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Luxembourg kicks off European precision medicine initiative Clinnova
05-05-2023
Clinnova, an international project involving clinicians and researchers from Luxembourg, France, Germany and Switzerland, was officially launched in Luxembourg on 27 April 2023. The initiative is aimed at realising the benefits of precision medicine for treatment decisions through data federation, standardisation and interoperability.
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Connecting US businesses with Luxembourg
04-05-2023
Paul Binsfeld, Luxembourg’s Honorary Consul to Arizona and New Mexico, is passionate about connecting businesses in the US with Luxembourg, and vice versa. We caught up with the experienced entrepreneur and company executive during a recent trip to Luxembourg to speak about what the Grand Duchy can offer American companies and how he can help.
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Astroport establishes European subsidiary in Luxembourg
02-05-2023
US-based space construction and materials manufacturing company Astroport Space Technologies has established a European subsidiary in Luxembourg. This announcement was made during the European Space Resources Week from 19 to 21 April 2023.
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A passion for steep climbs
01-05-2023
Often referred to as Luxembourg's Little Switzerland, the Mullerthal region in eastern Luxembourg is renowned for its hilly landscape, forests and, most of all, unique sandstone rock formations. An interesting challenge for rock climbers.
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“We are lucky to have Luxinnovation’s support”
27-04-2023
Since its creation in 2017, SolarCleano has developed an impressive range of remotely guided and autonomous solar panel cleaning robots. Conducting all its R&D activities in-house, the highly innovative company has worked with Luxinnovation’s support to find funding for consecutive R&D projects, get in contact with new partners and suppliers, and implement new IT tools through the agency’s Fit 4 Digital programme.
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How to succeed with your expansion into Europe: the company executives’ top tips
12-04-2023
International companies that decide to expand to Europe generally base their decision on thorough analyses of market potential, competition and so on. However, there are other key points that might make the difference between failure and success. We spoke to four executives of companies that use Luxembourg as their base for growing in Europe, and highlighted 13 essential factors that can help you get it right from the very beginning.
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