Financed by the US government, "Introducing Luxembourg" is part of the "Know Your Allies" series that presented each country's socioeconomic and cultural achievements to the members of the Atlantic Community. The footage was distributed by NATO.
Read MoreA Luxembourg startup aimed at making investing more inclusive will get a boost after raising €520,000 in a round led by the Luxembourg Stock Exchange. The proceeds will support StarTalers, reinforcing their technical team and finalising the development of their online financial advisory platform. “This investment by the Luxembourg Stock Exchange marks a huge step forward for the future of StarTalers. It provides the crucial funding needed to develop and launch our platform so that we can help women become financial investors,” StarTalers founder Gaëlle Haag co-founder and CEO said. StarTalers was created in 2018 with the goal of making finance more inclusive, and in particular helping women to make a positive environmental or social impact through their investments. According to Haag, women in Europe have around €580bn in assets which are not being invested, largely because women feel excluded …
Read MoreIn its 6th Women in the Boardroom survey released on Monday, Deloitte reports “a now-familiar challenge: women are largely under-represented on corporate boards, and progress to change this trend continues to be slow”. Women held 16.9% of board positions in the 8,648 companies in 49 countries that were surveyed, according to the report. That represents growth of just 1.9% since the last edition of the report in 2017. The figures for women holding board chair positions were more striking at 5.3%, and females held just 4.4% of CEO roles globally. In Luxembourg, “the number of board seats held by women declined by nearly 3 percent”, according to the report. A total of 33 women--or 12%--were counted in the 36 companies Deloitte analysed in the grand duchy. In those same companies, there were zero female CEOs. According to Deloitte, the highest …
Read MoreA new Eurostat report examining the status of Europe’s ageing population sheds light on the situation of pensioners in Luxembourg. Here are five key observations from the Ageing Europe--2019 edition report published by Eurostat.
Read MoreToo big, too competitive, too far away… No! The US market has never been so close to Luxembourg start-ups. Two acceleration programmes designed by American and European partners, with the support of the ministry of the Economy and Luxinnovation, are planned to accelerate the US development of Luxembourg start-ups. One will take place on the west coast and the other on the east coast. Two different places, but also two different philosophies. Because the needs differ depending of the start-ups’ level of maturity and the sectors in which they are active. START-UP SCHOOL IN SAN FRANCISCO The first one is the Startup School. Organised by Nex Cubed, an investor and accelerator organisation, it will take place in San Francisco from 20 to 25 of October. Five days of intensive coaching, visits, one-to-one investor meetings and networking events. The Luxembourg start-ups …
Read MoreLuxembourg may be a small country landlocked in between France, Belgium and Germany, but it’s stable, high-income economy makes it the fifth wealthiest country in the world based on GDP per capita basis. Since 2002, Luxembourg’s government has proactively implemented policies and programs to support economic diversification and to attract foreign direct investment. The government has focused on key innovative industries that showed promise for supporting economic growth such as logistics, information and communications technology (ICT); health technologies, including biotechnology and biomedical research; clean energy technologies, and more recently, space technology and financial services technologies. The economy has evolved and flourished, posting strong GDP growth of 3.4% in 2017, far outpacing the European average of 1.8%. Those programs have attracted private equity and venture capital firms to start making strategic investments in the country. Rajaa Mekouar-Schneider, is a multilingual private …
Read MoreIf you had to work in a country other than Luxembourg, which would you choose? That was one of the questions put to around 400 employees in Luxembourg in the Randstad Q3 2019 workmonitor. Germany was the top choice for Luxembourg respondents, followed by Switzerland and Canada. Published on 9 September, the report asked the same questions of some 34 countries around the world. Globally, the top location choices were the US, Germany and Australia. With a population comprised of 47% migrants, one might have expected a high level of willingness to move abroad from Luxembourg workers. But Luxembourg appeared to buck the trend, repeatedly recording below average interest levels for most motivations. Only 53% of Luxembourg respondents were willing to move abroad to improve their career or work-life balance (compared to 64% on average globally), 42% said they would …
Read MoreGood news for commuters! France and Luxembourg have rectified the debated tax deal. French cross-border workers will not be taxed in both countries. The disputed tax treaty been Luxembourg and France has finally been amended. The new convention will eliminate the risk of double taxation and grant commuters 29 days of teleworking a year. The new treaty was signed on Thursday morning by Luxembourg's Minister for Finances Pierre Gramegna and his French counterpart Bruno le Maire. The imputation system will be abandoned. This system had cross-border workers increasingly worried as it would have allowed France to claim the difference between the taxes paid in Luxembourg and the ones they would need to pay in France. In other words, double-taxation has effectively been scrapped. Instead, cross-border workers Luxembourg reverts back to the previous system of “exemption with progression.” Gramegna stressed that …
Read MoreThe LSAP candidate to be the next Luxembourg commissioner, Nicolas Schmit, was centre stage at the European Parliament in Strasbourg on Tuesday morning as he faced questions from MEPs. Speaking in English and French Schmit, who served as labour minister from 2009 to 2018, said in his opening statement that “the strength of the European model is to reconcile economic and social issues and to fully incorporate the environmental dimension.” He said he wanted to boost employment and to promote a well-skilled workforce to respond to the challenges of digital and climate transition. Schmit also pledged to put social rights for all and social inclusion at the centre of his priorities. Schmit then replied to questions including one from Brexit party MEP Matthew Patten who charged that “when it comes to jobs, the European Commission is institutionally racist.” Schmit responded …
Read MoreEconomy minister Étienne Schneider (LSAP) is seen in the Tanger Med amphitheatre on 25 September during the economic mission to Morocco.
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