The attractiveness and expertise of Luxembourg’s financial centre remains internationally recognised. According to the new semi-annual ranking of the Global Financial Centres Index (GFCI 32) published on 22 September, Luxembourg has moved up the ranking and is now positioned fourth in the European Union and sixth on the continent, ahead of financial centres such as Zurich. “This new ranking highlights the dominance of American and Asian financial centres. Further European integration is needed to strengthen the domestic market, and through that the attractiveness of our financial centres and thus the financial industry as a whole,” comments Nicolas Mackel, CEO of Luxembourg for Finance. The GFCI is published by Z/Yen Partners, in September and March, in collaboration with the China Development Institute.
The future Space Campus will provide specific geographic areas in Luxembourg exclusively dedicated to space-related activities to ensure the competitive position of companies and public research organizations in this field.
Location, location, location! The Luxembourg American Chamber of Commerce is pleased to offer a series of articles highlighting opportunities, options, and useful information when bringing your Luxembourg-based business to the U.S. Learn from the network of Luxembourg Honorary Consuls throughout North America, and from the Embassy in Washington, D.C., the Consul Generals and the Luxembourg Trade and Investment Offices (LTIOs) in New York and San Francisco about the nuances of different parts of North America and what regions will best meet the needs of your industry or niche. Liaise directly with the Honorary Consuls, LTIOs, and other regional experts in each area to learn why their territory can offer just what you need to successfully launch your business here. Find out more and make connections! September 2022 Spotlight on….Texas This region of the U.S. is supported by the Luxembourg Trade and …
It can be tough following your partner to a new country, so here are a few tips to help English speakers feel more at home in Luxembourg. It's hard work being the accompanying spouse or partner. Not only is it your job to ensure the relocation runs smoothly, manage the domestic chores or take the kids to school, but you can sometimes feel set adrift if you've given up your job or career and travelled far from your network of family and friends.... Read the full article from the Luxembourg Times LACC Members & Friends enjoy a special subscription rate to the Luxembourg Times. The LACC is pleased to invite our members and friends to take advantage of a discounted subscription offer to the Luxembourg Times.Use the voucher code: LACC2022 when you sign up for a new subscription and receive 25% …
H.R.H. Prince Guillaume of Luxembourg and Mr. Franz Fayot, Minister of Economy, visited the company DuPont de Nemours, which has been established in Contern since 1962 and which today employs nearly 1,150 people. The company's directors presented the Prince and the Minister with the Luxembourg production site where innovative materials are manufactured for the construction, automotive and health sectors. One of the company's flagship products, known for its resistance, is used for building insulation as well as for medical suits designed to protect personnel from viruses. 60 years after its establishment in the Grand Duchy, the company continues its development. The visit ended at the foot of the extension site which will see the factory equip itself with a new production line, which will allow the creation of 120 new jobs. DuPont will be the 2022 recipient of the Luxembourg …
Non-Luxembourgers account for around half of the Grand Duchy's population and around 70% of residents in the capital Foreigners living in Luxembourg will be able to vote and stand in next year's local elections without having to live in the country for at least five years after lawmakers approved a law that widens access to democracy for them on Wednesday evening. READ THE FULL ARTICLE HERE
The Luxembourg Stock Exchange (LuxSE) has been granted the ‘Stock Exchange of the Year’ award by Environmental Finance as part of the Sustainable Investment Awards 2022, with the winners of the different categories officially unveiled earlier today. The Environmental Finance Sustainable Investment Awards 2022 are global and recognise financial institutions and other companies which strive to incorporate ESG across all asset classes, contribute to making sustainability an integral part of investment decisions and support projects that mitigate climate change or make a positive impact in the world. “This award is an important recognition of the positive environmental and social impact that the Luxembourg Stock Exchange contributes to by facilitating sustainable investment towards the global goals. Every day, we strive to make sustainable investment more accessible not just to established players in developed markets but also in emerging markets, where the funding …
Luxembourg start-up Skippet has attracted a major investment from a US-based investor. Co-founder and CEO Jacob Arnould speaks about the company's development and its successful fundraising.
Trade and bilateral investments between the U.S. and Luxembourg are vital to keeping the Luxembourg economy strong! An article from AmCham Luxembourg The economic and political ties of friendship and partnership between the US and Luxembourg are deep, strong and mutually beneficial. During the 19th and 20th centuries when the agricultural economy of Luxembourg crashed and people were starving, large numbers of Luxembourgers immigrated to a better life in America... and prospered. As a result, there are now more Americans of Luxembourg heritage living in the United States than there are living in Luxembourg. At the end of the Second World War, the U.S. supported the rebuilding of Luxembourg’s economy by supporting the creation of the European Coal and Steel community and with American manufacturers like DuPont and Goodyear setting up production facilities in Luxembourg. When the EU introduced legislation …