His Royal Highness Ducal Prince Guillaume and the Minister of Foreign Affairs, Xavier Bettel, visited Redwire, alongside a distinguished delegation from Luxembourg. This included esteemed representatives from the Luxembourg Chamber of Commerce and the Luxembourg Space Agency.Redwire presented robotics research and development efforts, showcasing products at various stages – from in-house electronic components to fully operational machines. Redwire's work contributes to the thriving Luxembourg space ecosystem. The Luxembourg site, installed at the Cloche d'Or, specializes in the development of robotic arms designed for various missions, notably maintenance, resupply, assembly, repair or waste recovery in space. The Prince and the Minister thus discovered, with much interest, the underpinnings of innovative projects developed with a very high degree of precision.
The board of LFF has today unanimously decided to appoint Tom Theobald as CEO of Luxembourg for Finance as of September 1st 2024, following the decision of the Government to appoint Nicolas Mackel as Luxembourg’s Ambassador to the EU. Tom Theobald comes with a wealth of experience, having served at the Luxembourg’s Bankers association ABBL, as Deputy CEO of Luxembourg for Finance and as Director in charge of the Development of the Financial Centre at the Ministry of Finance. Gilles Roth, Minister of Finance and Chair of Luxembourg for Finance, commented: “Tom Theobald has accompanied and contributed greatly to the work done by Luxembourg for Finance over the last years and is uniquely positioned to lead it on its successful journey. Our partners from PROFIL and I look forward to continuing to work with him in implementing our ambitious agenda for …
“This powerful fund selection and portfolio modelling web toolfrom Quantalys Harvest Group fits perfectly into the Clearstreamfund universe,” said Philippe Seyll, head of Clearstream Fund Services,said in a press release published on 12 February 2024.Archive photo: Matic Zorman/Maison Moderne (2021) Post-trading services provider Clearstream and wealth technology platform Quantalys Harvest Group are offering a fund selection and portfolio modelling web tool, the companies have announced in a press release. Distributors can access the tool through the Clearstream client web portal. The new tool allows distributors to search and filter investment funds using multiple criteria--such as ratings, performance or risk--and to browse through investment funds that correspond to user-specified investment criteria, said a communiqué from Clearstream published on 12 February 2024. Distributors in France, Italy, Luxembourg and Switzerland who have entered a distribution agreement with Clearstream Fund Centre can now access the tool. “This powerful …
KPMG Luxembourg’s newly re-elected managing partner David Capocci says he’s ready to further develop the firm’s “three fundamental objectives: client-centricity, digital transformation, and people.” Photo: Wili/KPMG Luxembourg The partners of KPMG Luxembourg on 15 January 2024 reconfirmed David Capocci as the firm’s managing partner for another four years. David Capocci’s four-year mandate will begin on 1 October 2024, noted a press release published by KPMG Luxembourg on 16 January 2024. “It’s been an honour and a privilege to lead the firm for the past years in these unpredictable times,” said Capocci in the communiqué. “I am thankful for the trust my fellow partners have placed in me to further develop our full potential around our three fundamental objectives: client-centricity, digital transformation, and people. We have not yet reached our destination, however, we will take advantage of this momentum to address the …
January 9, 2024 Photo credits: SIP / Claude Piscitelli Xavier Bettel: The promotion of the Grand Duchy of Luxembourg has always been very close to my heart, also in my previous political functions. I love my country. I love its diversity, its multilinguistic nature and the openness of its mindset. I love my home city, Luxembourg, of which I have had the honour of being mayor. There are so many features I am enthusiastic about when it comes to my home country. Basically, I simply want to share my devotion for the Grand Duchy of Luxembourg. Some may call this promotion; I call it sharing a passion. I love my country. I love its diversity, its multilinguistic nature and the openness of its mindset. When you look at Luxembourg’s success since the end of the 19th century, the main point …
Luxembourg is cushioned against threat, but could feel pain if it spreads from elsewhere... How people will remember 2024 will depend heavily on whether they kept or found a job, had secure shelter, could afford a decent life and were unafraid doom was at the door. In other words, whether Luxembourg experienced a prolonged worsening of economic conditions – a recession. “I couldn’t predict – not more than you – whether it’s going to be really tough or just slightly. But the consensus amongst people that are informed seems to be that we will have to prepare for some tougher times. Obviously, Luxembourg is well prepared because we have a number of elements that are safeguards” with a strong economy, said Pascal Wiscour-Conter, formerly head of job-seeker services at national jobs agency Adem and now strategic development head at …
On Tuesday 21 November, more than 500 finance professionals gathered at Casino 2000 in Luxembourg for a gala dinner celebrating the inaugural edition of the Finance Awards. During the event, finance minister Gilles Roth (CSV), Luxembourg for Finance CEO Nicolas Mackel and keynote speaker Clara Durodié, CEO of Cognitive Finance Group, took the stage. The government will push for tax reforms to entice international finance firms and workers, Luxembourg’s new finance minister Roth said in his first public speech since taking office. In his introductory remarks, Mackel encouraged the minister of finance to “leverage the expertise that is available in this room in the five years of this government, to constantly discuss and see what ideas they come up with, because I think that there is a pool of expertise, a pool of intelligence that is available, and that definitely should help bringing Luxembourg forward.” And in …
gener8tor announces 2024 Luxembourg Accelerator Startup accelerator expands its reach in Europe APPLY HERE Luxembourg City, Luxembourg – gener8tor, a renowned United States- and Europe-based accelerator and venture fund, is proud to announce its latest expansion with the launch of the second gener8tor Luxembourg accelerator program, set to run in Spring 2024. This dynamic initiative aims to invest in and scale five promising startups from Luxembourg and the European Union, fostering innovation and entrepreneurial spirit in the heart of Europe. gener8tor prioritizes startups focused on driving systemic change at the corporate, government, and community level, as well as founders that embrace sustainability as a way to transform antiquated industries. The launch of the 2024 application follows a successful inaugural program, in which the gener8tor Luxembourg team invested €100,000 each into five early-stage startups. The gener8tor Luxembourg team has remained …
An informative brochure to guide entrepreneurs through the process of opening a business bank account in Luxembourg! Introduction: The launch of a company is a vibrant journey, the ultimate aim for the entrepreneur being to achieve a vision that has been nurtured for months. It is the moment when abstract ideas turn into a concrete and tangible venture. Choosing the entrepreneurial path is thus a way of constantly developing new ideas. In these endeavors, preparation should not be left to chance, and the entrepreneur most not solely rely on initial intuition and passion. Preparing a business launch is very similar to the process of gardening, where a plant can only thrive through consistent care and the incorporation of essential ingredients at the right moment, that foster fertile ground. Indeed, no business idea can be transformed into a tangible venture without …
International companies interested in exploring Luxembourg as a potential European location can count on the support of the Luxembourg Trade and Investment Offices (LTIOs). We spoke to Paul Steinmetz, Executive Director of LTIO New York, about what attracts US companies to Luxembourg and business synergies between the two countries. What aspects of the Luxembourg economy and business climate do US companies find interesting? We regularly ask this question of US companies in Luxembourg because we want to make sure they feel comfortable and well-supported. What their CEOs tell us is that Luxembourg is an ideal gateway to Europe. This might sound like a government slogan but is truthful. The Grand Duchy’s geographical location within easy reach of major markets, the neutral attitude of the internationally-focused and business-minded political class, and especially the officials’ accessibility are constantly mentioned by our US friends. The fact that English is widely spoken and transparently used in Luxembourg, even in legal and administrative procedures, is another strategic advantage. …