Over the past decade, the number of ICT specialists in the EU has increased by over 50%. Luxembourg is one of the countries with the highest proportion of ICT specialists in its workforce.
Read MoreMay 2022 Spotlight Series Location, location, location! The Luxembourg American Chamber of Commerce is pleased to launch a new 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 Consul Generals who support them, 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! Our first spotlight is on….Arizona & New Mexico ~ supported out of San Francisco, CA by Mr. Daniel Da Cruz, Consul General, Executive Director LTIO ARIZONA Home to …
Read MoreFloods, wildfires, and other extreme weather events continue to make the headlines. The harsh reality of global warming faces us all with an accelerating search for solutions to a raft of climate change issues. Financial institutions across the globe are rising to the challenge, taking responsibility for finding and funding those solutions. J.P. Morgan Asset Management is one of the companies addressing the challenges posed by climate change. LFF sat down with their Global Head of Sustainable Investing, Jennifer Wu and Portfolio Manager, Sara Bellenda, to learn more about their Luxembourg based Climate Change Solutions Fund. This fund seeks to invest in forward-thinking companies that develop products and services which directly contribute to the carbon-cutting agenda of the Paris Agreement. Could you explain what makes your Climate Change Solutions Fund sustainable and share some insights of the fund’s investment thesis? …
Read MoreLACC Executive Committee Member and Secretary, Nicolas Fermaud, to be the Chairman of the day and speaker at the Join ALFI in the United States for its ALFI Roadshow to New York, on 25 May 2022, where ALFI Chairman of the day and speaker, Nicolas Fermaud, will kickstart the day with a welcome address and dive into a fruitful introduction on the Luxembourg toolbox and successful key features with the audience. Setting the scene with a keynote on the Luxembourg toolbox as a success story Nicolas Fermaud’s practice as a Partner and Head of the Elvinger New York office concentrates on commercial and financial law, with a specialisation in investment vehicles, advising asset managers throughout the investment cycle. Nicolas is an Executive Committee Member and Secretary of the Luxembourg-American Chamber of Commerce in New York, and a member of the editorial …
Read MoreOn Wednesday, March 23, 2022, H.E. Nicole Bintner-Bakshian, Ambassador of the Grand Duchy of Luxembourg to the United States officially installed Paul Binsfeld as Honorary Consul of Luxembourg to Arizona and New Mexico. The ceremony in Scottsdale was also attended by Luxembourg Consul Frank Biever and the former Honorary Consul to Arizona and New Mexico, Fernande Hastert Kuykendall, who was recognized for her years of service and commitment to Luxembourg. Photo Credit: Embassy of Luxembourg in Washington
Read MoreLuxembourg gains two places compared to 2021 and ranks 6th among the world’s happiest countries. Its high ranking is in particular driven by the country’s strong GDP performance and high levels of freedom and life expectancy. Measuring happiness is not an easy task. The 2022 World Happiness Report weighs together a number of factor and declares Finland to be the happiest country in the world – a position the Nordic country has held for 5 consecutive years. It is followed by Denmark, Iceland, Switzerland, the Netherlands and Luxembourg. Strong GDP performance Luxembourg ranks 1st in the world in terms of GDP per capita, which is the individual factor with the strongest influence on the country’s place among the 10 happiest countries in the world. It also ranks 10th for the freedom that inhabitants feel that they have to make life choices, and 12th for life …
Read More22-03-2022 SES, the leader in global content connectivity solutions, announced an agreement with Verizon Communications to expand the US-based mobile carrier’s access to a portion of the C-band (3700-3800 MHz) in important regions across the US earlier than the relocation deadlines set out in the U.S. Federal Communication Commission’s (FCC) C-Band Report and Order. SES has already completed its Phase I accelerated C-band clearing ahead the first FCC deadline of 5 December 2021, a critical step in meeting the Commission’s objectives to rapidly roll out 5G services across the US, and as a result earned almost $1 billion in accelerated relocation payments. To meet the Phase II deadline of 5 December 2023, SES is working to relocate its existing services from the 3700-4000 MHz band and complete equipment changes for Incumbent Earth Stations across the entire contiguous United States, earning …
Read MoreLuxembourg – New York - On 26 January 2022, Vistra´s Country Managing Director Jervis Smith and Tomas Tobolka, Conducting Officer, presented to the LACC and AMCHAM network their insights on Opportunities & Challenges of ESG Regulatory Aspects The discussion covered topics such as the EU Sustainable policies, the EU Sustainable Finance Action plan & SFDR, two of the key legislations as part of the European Commission’s plan, and what they considered the key 2022-2023 milestones. Although there is a gap between the EU and the US in terms of ESG regulation, both continents share the same concern when it comes to climate-related risks, social impacts and governance performance. In the US, pressure on ESG has largely come from Investors rather than Regulators The private sector (institutional investors) is defining best practices around ESG by setting goals centred on ESG …
Read MoreLanguage proficiency and knowledge of state institutions - here’s how to apply for Luxembourgish citizenship Last year some 6,800 people applied for Luxembourgish citizenship. A Luxembourgish passport remains one of the most powerful in the world, offering visa-free access to 189 countries, according to the latest ranking published by the Henley Passport Index. The rules for getting nationality will depend on your case, but for most people it will involve taking a language proficiency test and completing the Living Together course or test. Who can apply for citizenship? There are 10 cases in which you can apply for citizenship, although the criteria for application will differ, with many requiring you to take a language proficiency test (spoken test to A2 level, listening test to B1 level) and the Living Together in Luxembourg course or test (rights of citizens, state and local institutions and history of …
Read MoreOn Thursday, 10 February 2022, the U.S. Ambassador to Luxembourg, Thomas Barrett, presented his diplomatic credentials to His Royal Highness the Grand Duke of Luxembourg at the Grand Ducal Palace in Luxembourg City, becoming the 24th Ambassador Extraordinary and Plenipotentiary of the United States of America to the Grand Duchy of Luxembourg. “From the west side of Milwaukee to the Grand Ducal Palace, I am tremendously honored and excited to start my next chapter here in Luxembourg as the U.S. Ambassador. I am excited to build on the strong relationship our two countries share, which I have already experienced in my home state of Wisconsin – a place with a very special connection to Luxembourg. I look forward to working together as close partners to advance our shared priorities on human rights and climate change, expand our collaboration in finance and …
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