News
Rating agency Fitch awards Luxembourg finances AAA rating
31-08-2021
American credit rating agency Fitch has once again confirmed the AAA rating of Luxembourg with a stable outlook. The same rating is awarded by agencies Moody’s, Standard & Poor and DBRS Morningstar, which confirms once more the country’s good financial situation based on a balanced budgetary approach.
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Anisoprint moves 3D printer production to Luxembourg HQ
26-08-2021
Anisoprint recently moved the production of its pioneering 3D printers for composite materials to its headquarters in Luxembourg. Benefiting from the country’s central European location and advanced logistics hub, the company has just shipped the first batch of 3D printers made in Luxembourg to customers.
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Luxembourg is the world’s 12th most competitive economy
24-08-2021
Luxembourg ranks 12th in the 2021 edition of the IMD World Competitiveness Ranking of the world’s most competitive economies. The country gained three places compared to the previous year.
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5 reasons to choose Luxembourg as your European business hub
17-08-2021
The Luxembourg pavilion at Expo 2020 Dubai focuses on "Resourceful Luxembourg". In a guest blog written for the pavilion, Luxembourg Trade & Invest highlights 5 reasons why international companies should consider Luxembourg as a location for their European headquarters or offices.
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Luxembourg third most attractive city
10-08-2021
Luxembourg ranks 3rd in the 2021 Global 150 Cities Index, which identifies cities worldwide that have the ideal combination of high salaries, low taxes, reasonable costs and good quality of life.
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Moody’s confirms Luxembourg’s AAA rating
03-08-2021
Based on Luxembourg’s economic resilience, solid public finances and robust and transparent institutional framework, credit rating agency Moody’s has once again confirmed the country’s AAA rating. Luxembourg is one of the few countries in the world that receives this pledge of stability and confidence.
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Luxembourg among the top 10 financial centres in the world
30-07-2021
Luxembourg ranks 8th in the 2021 edition of the Global Financial Centres Index, which analyses the size and growth of financial markets in over 60 countries. When taking the wider business environment into account, Luxembourg comes 4th. It is also considered the most international of any financial centre.
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A walk to remember
21-07-2021
Hiking is one of the most popular activities in Luxembourg. 5,000 km of signposted trails criss-cross the country and take locals and tourists from the hills of the Ardennes in the north to the Red Rock region in the south.
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Luxembourg’s diplomatic network: At your service
20-07-2021
Through its network of embassies and consular offices, Luxembourg is represented in many countries and international organisations around the world. The diplomatic staff can help you when setting up a business or investing in Luxembourg and assist Luxembourg companies in their internationalisation efforts.
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Reaching the whole European market
15-07-2021
Several Korean companies, such as biotech Medical & Bio Decision (MBD) and AI specialist INFINIQ, have recently opened offices in Luxembourg. Crossroads Magazine asked Younhee Kim, Executive Director of LTIO Seoul, about what attracted them to Luxembourg.
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Innovative cold chain solutions
12-07-2021
Luxembourg-based healthtech company B Medical Systems specialises in vaccine cold chain solutions and medical refrigeration. With recent innovations making its vaccine freezers more flexible and resilient, the company is playing a key role in the fight against COVID-19. Its international client portfolio, head count and production facilities are all expanding rapidly.
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Luxembourg launches official start-up web platform
06-07-2021
On 5 July 2021, Minister of the Economy Franz Fayot and Luxinnovation CEO Sasha Baillie officially launched the web platform aimed at showcasing the Luxembourg ecosystem internationally and facilitating networking.
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Space opportunities: An investor’s point of view
05-07-2021
Venture capitalists looking for promising investment opportunities are increasingly turning their attention to the new space industry. Pierre Festal, Partner at Promus Ventures, spots the trends and points to opportunities in the field.
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Europe’s premier space resources innovation centre
30-06-2021
As of November 2020, Luxembourg is home to the European Space Resources Innovation Centre (ESRIC) – the only innovation centre in the world exclusively focused on space resources utilisation. Fully aligned with the country’s global space policy, the centre stands out for its strong orientation towards industry cooperation.
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A magic place
28-06-2021
AXA Luxembourg CEO Mirjam Bamberger, a Swiss and German national, describes herself as a "European citizen". She has already lived in eight different countries and considers Luxembourg to be "one of the most beautiful".
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Commercial space hub for Europe
24-06-2021
Space is high on the agenda in Luxembourg. Five years after launching the SpaceResources.lu initiative aimed at promoting the exploration and utilisation of space resources, the country has become a confirmed hub for commercial space activities where business can flourish and benefits spill over to other sectors.
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An internet portal for the circular economy
22-06-2021
At the initiative of four ministries, the www.economie-circulaire.lu portal was officially launched on Tuesday 22 June 2021.
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New Luxembourg roadmap for a competitive and sustainable economy
21-06-2021
On 21 June 2021, Minister of the Economy Franz Fayot presented a new roadmap for supporting the transformation of the Luxembourg economy until 2025. The roadmap notably focuses on accelerating digitalisation, facilitating the transition to a circular economy, developing strategic, resilient value chains and fostering a safe, trusted data economy.
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A nation-wide digital twin
18-06-2021
Digitalisation is key to building a smarter and more resilient Luxembourg. Researchers at the Luxembourg Institute of Science and Technology are working on the ambitious project of building a digital twin of the whole country.
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Data ecosystem building blocks
16-06-2021
Luxembourg’s ecosystem supporting the data economy stands out for its completeness and the seamless interaction between its various components. A snapshot of some of the key initiatives.
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Luxembourg and Denmark to build the world’s first energy islands
15-06-2021
Luxembourg and Denmark have decided to join forces in building the world’s first energy islands. These man-made islands off the Danish coast will be connected to hundreds of offshore wind turbines and will provide green electricity to millions of European households. The innovative initiative confirms Luxembourg’s commitment to using offshore wind power.
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Data-driven air cargo innovation
11-06-2021
CHAMP is one of the global leaders in supplying integrated IT solutions to the airfreight community. Energised by Luxembourg’s data economy ecosystem, the company is using cutting edge technologies to develop data-based, innovative cargo services.
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Password security: a Luxembourg start-up holds the key
10-06-2021
Our increasing use of digital tools during the pandemic radically boosts the need for handling their access in a safe, secure way. The open-source password manager developed by Passbolt is riding on the wave. During the past 12 months, the Luxembourg-based start-up has expanded its staff five-fold and closed a funding round of €2 million.
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Leading automotive equipment supplier invests in Motion-S
09-06-2021
Luxembourg mobility data analytics company Motion-S has recently announced a partnership with Group a, a prime automotive equipment supplier and investor in Latin America. The investment will allow Motion-S to expand its product portfolio and strengthen its position on the automotive market.
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Becoming Europe’s most trusted data economy
08-06-2021
Luxembourg pursues its ambition to become a leading data economy, capitalising on its entrepreneurial spirit and internationally recognised strengths in connectivity and security. The country provides a comprehensive, supportive ecosystem where all parties involved work hand in hand to make business flourish and ensure long-term sustainability.
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Luxembourg inaugurates its high performance computer
07-06-2021
Luxembourg’s new high performance computer MeluXina was inaugurated on 7 June 2021. Ranked among the top 30 supercomputers in the world, MeluXina has been designed to meet business needs and is available for use by start-ups and SMEs as well as large international groups.
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Crossroads Magazine: Turning data into value
03-06-2021
Luxembourg is on the road to becoming one of Europe’s most sustainable and trusted data economies. The new edition of Crossroads Magazine takes a deep dive into the opportunities generated for businesses in the new data economy. It also provides an insight into Luxembourg’s role as a European hub for the commercial space industry.
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Luxembourg has the world’s 3rd most resilient economy
03-06-2021
Luxembourg gains four places compared to last year in the 2021 FM Global Resilience Index and ranks 1st in the “economy” category.
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Fit 4 Start #11: 15 companies selected
02-06-2021
15 start-ups from 8 different countries have been selected for participation in the 11th edition of the Fit 4 Start acceleration programme. They will benefit from 6 months of coaching, pre-seed funding and networking activities aimed at facilitating the market launch of the products and services developed by the participants.
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Guardian to invest in new production line in Luxembourg
02-06-2021
High-performance glass manufacturer Guardian has had industrial operations in Luxembourg for over 40 year and employs over 400 people here. The company now reconfirms its commitment to the country by investing in a new production line for float glass.
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