News
The Luxembourg insurance sector is booming
21-07-2017
In 2016 the national insurance sector had a record year, increasing its net profit after tax to €1,808 billion, a considerable rise of 45.7% compared to the previous financial year.
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Mangrove Capital Partners raised a $170 million fund to invest in European startups
21-07-2017
The Luxembourg-based Venture Capital firm Mangrove Capital Partners launches fund to support European startups
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Northern Trust announces creation of EU bank in Luxembourg
20-07-2017
Northern Trust will create an EU-banking presence in Luxembourg, further establishing its commitment to the region. It has appointed David Wicks as head of continental Europe. Northern Trust offers a ...
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The state of Luxembourg's population.
19-07-2017
On 1st January 2017, Luxembourg had 590,667 inhabitants, 48% of whom were non-Luxembourgers. Compared to the previous year, the population increased by 11,159 people.
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Propelling start-ups to realise their full potential
18-07-2017
The fifth edition of Fit 4 Start, Luxinnovation’s acceleration programme for early-stage ICT start-ups, will commence in October. Interested entrepreneurs can submit their applications up until August 28. Programme Manager Antoine Hron and Laurence Hulin, Advisor Start-Up Support at Luxinnovation, outline how the initiative contributes to the success of young innovative companies.
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Luxembourg ranked excellent in terms of its overall market openness
17-07-2017
After Singapore and Hong Kong, Luxembourg positioned 3rd worldwide in ICC Open Market Index with a OMI Score of 5.02. Only three economies, Singapore, Hong Kong SAR, and Luxembourg, ranked excellent in terms of their overall market openness.
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FIRST DIGITAL TECH FUND RECIPIENTS ANNOUNCED
14-07-2017
Two startups were presented €500,000 euros each for the first investment by the Digital Tech Fund on 10 July during a press conference at the Ministry of the Economy.
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Luxembourg, a great place for startups
14-07-2017
Startups are a vital driver for the development of a country’s economy, the creation of new jobs and the promotion of innovation. According to a report by the Idea Foundation, the number of new ...
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LUXEMBOURG IS THE FIRST EUROPEAN NATION TO OFFER A LEGAL FRAMEWORK FOR SPACE RESOURCES UTILIZATION
14-07-2017
The Luxembourg Parliament adopted the draft law on the exploration and use of space resources. The Grand Duchy is thus the first European country to offer a legal framework ensuring that private operators can be confident about their rights on resources they extract in space.
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Luxembourg Business Angel Network Establishes Its Own Space Angel Group
10-07-2017
LBAN´s Space Angel group will be organized as a subgroup of LBAN. Its main objectives will to be to bring together interested individual investors into the space industry and stimulate & support Luxembourg´s position as a space nation. To join the group, being a LBAN member will not be a pre-requisite.
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Asteroid Day 2017 proves a global hit!
10-07-2017
Now headquartered in Luxembourg, Asteroid Day is truly a global event that brings together notable scientists, astronauts, business leaders, artists, Nobel Laureates and private citizens.
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Wizata 2017 Microsoft Country Partner of the Year for Luxembourg
07-07-2017
In June Wizata won the 2017 Microsoft Country Partner of the Year Award for Luxembourg for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.
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OCSiAl to set up the world's largest nanotube production facility in Luxembourg
05-07-2017
The Ministry of the Economy and the Ministry of Finance of the Grand Duchy of Luxembourg and OCSiAl, a manufacturer of advanced materials, have signed a Memorandum of Understanding to collaborate on the construction of a production facility for single wall carbon nanotubes with an annual capacity up to 250 tonnes and a centre for applied nanotechnology.
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European Innovation Scoreboard 2017
26-06-2017
Luxembourg is a Strong Innovator. Over time, performance has increased by 1.4% relative to that of the EU in 2010.
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Estonia to open the world’s first data embassy in Luxembourg
21-06-2017
Estonia’s pilot project – the world’s first data embassy – could set an example for the rest of the world.
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Luxembourg and the European Space Agency enhance cooperation on asteroid missions, related technology and space resources exploration and utilisation
21-06-2017
At the occasion of the 2017 Paris Air Show in Le Bourget, Luxembourg’s Deputy Prime Minister and Minister of the Economy Etienne Schneider visited the ESA pavilion and, together with ESA Director General, Jan Wörner, signed a joint statement on future activities concerning missions to the asteroids, related technologies and space resources exploration and utilisation.
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China - Luxembourg sign deals on finance, aviation
13-06-2017
BEIJING, June 12 (Xinhua) – China and Luxembourg on Monday signed cooperative agreements in finance and aviation during Luxembourg Prime Minister Xavier Bettel’s visit. China hopes to enha...
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Luxembourg connecting you with financial expertise
12-06-2017
There are so many reasons why large numbers of international companies and financial institutions have chosen Luxembourg as a base for their European operations and why the Luxembourg consistently ran...
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Luxembourg new EU hub for insurance companies
07-06-2017
RSA and CNA Hardy have announced that they will establish their new European subsidiary in Luxembourg following the UK’s decision to leave the European Union.
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A more balanced growth for Luxembourg in 2017
06-06-2017
Over the last months, national and international business activity gained momentum. Benefiting from this environment, the Luxembourg economy is expected to grow by up to 5 percent in 2017 and 2018.
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