A recent article from the Luxembourg Trade and Investment Office in San Francisco, CA John Lusk, CEO, Spire Maritime “When thinking of expanding your business to a new market, the first question you should ask yourself is ‘Why?’,” says Mr Lusk. “Do you want to enter a new market, access a specific talent pool, get government funding, benefit from a certain tax regime, or something else? Opening up an office in a new location is an expensive and time-consuming endeavour, and you need to be really clear about your objective before you go ahead.” Expanding to Europe: A global mindset “You also need to make sure that your company is truly committed to a global mindset,” he continues. “Spire is a global company by nature – we operate a global satellite constellation, sell data to clients all over the world and …
photo credit: Alyssa Meadows Photography LACC President, Michel Franck, and Executive Director, Toni Dudsak were recently honored with the Ordre Grand-Ducal de la Couronne de Chêne. His Royal Highnesses Crown Prince Guillaume and H.E. Mr. Franz Fayot, Minister of the Economy, presented the “distinction honorifiques” to Michel and Toni. Given in recognition of their personal efforts on behalf of the LACC these many years, this incredible honor was bestowed during a brief ceremony held at The Luxembourg House. The Prince and the Minister each provided congratulatory remarks, highlighting Michel and Toni’s great dedication and ongoing efforts in strengthening the connections between the Grand Dutchy and the United States. The Ordre Grand-Ducal de la Couronne de Chêne can be awarded to members of government, deputies, state councilors, civil servants, elected representatives and personnel of municipal administrations, key players of the economic, …
Major growth in funds, auditing and legal services drive hiring spree, despite slowdown in banking presence. The number of people employed in Luxembourg's financial sector has soared in the past decadePhoto credit: Gerry Huberty Funds, auditing and the legal sector propelled a major hiring spree in Luxembourg’s financial industry in the past decade, with the workforce growing by more than a third, according to a report released on Tuesday, offsetting stagnation in the country's banks... Read Full Article from the Luxembourg Times
STIBBE ending 2022 with winning Mergermarket Benelux Legal Adviser of the Year award – Recognising the best in the M&A community! Mergermarket, the leading provider of M&A data and intelligence, announced the winners of the 2022 European M&A Awards at a gala dinner at the De Vere Grand Connaught Rooms in London on the 6th of December. The judging panel named over 40 winners in financial and legal advisory from the region for creative advisory work on complex transactions. The judging process included an analysis of Mergermarket’s market-leading league tables followed by a shortlist announcement and scrutiny by a panel of expert judges. Following a review of all the pitches and M&A league table data, the expert panel selected Stibbe as Benelux Legal Adviser of the Year. Stibbe thanks Mergermarket for this recognition.
The LACC was pleased to host a Christmas Market at The Luxembourg House on December 1st featuring all sorts of products for sale from Luxembourg vendors. The event was a wonderful success! The LACC partnered with our member Everyday Luxembourg/Ansay International who provided us with lots and lots of goodies for our guests to purchase. Christmas shopping was enjoyed by all. We also partnered with the Chamber of Commerce Luxembourg who provided us with sponsorship to help highlight all of the great Luxembourgish products available. Many of the products were offered in the US for the very first time ~ clearly there is an appetite for products from Luxembourg here! View pre-event photos HERE. Visit Everyday Luxembourg for products available in the US.
Event Photo Albums HERE Crown Prince Guillaume; Franz Fayot, minister of economy; Paulette Lenert, health minister; David Domnisch, vice-president and general Manager of DuPont Tyvek; Michel Franck, president of the Luxembourg American Chamber of Commerce in New York. Photo Credit: Russ Roland On November 9 Crown Prince Guillaume, deputy prime minister and minister of health Paulette Lenert, and minister of economy Franz Fayot, attended the 10th Luxembourg-American Business Award ceremony at a gala evening in New York. After two days in Boston, the Luxembourg delegation spent its third day of a working visit in the US in New York. The day included a conference organised by the Luxembourg Private Equity Association (LPEA) and the presentation of the Luxembourg-American Business Award 2022. Luxembourg as centre for investment funds Minister of the economy, Franz Fayot gave the opening speech at a conference organised by the …
Developing the talents and expertise needed for a broad use of high performance computing (HPC) is a priority in Luxembourg. The Ministry of the Economy and the University of Luxembourg recently signed an agreement that provides a framework for HPC-focused higher education and research activities. 17-10-2022 Luxembourg pursues the implementation of its holistic vision for becoming Europe’s most trusted data economy. The development of skills and expertise was in the focus when the Ministry of the Economy and the University of Luxembourg signed their agreement on higher education and research activities focused on high performance computing, which notably includes the creation by the University of a pilot European Master’s degree in HPC, big data analysis and artificial intelligence. The Ministry of the Economy has pledged to contribute €1.8 million over three years. A Master’s degree on high performance computing The University …
However, festive lights at the capital's markets will be on for six hours a day, instead of 19 hours in previous years in bid to save energy. The Christmas markets of previous years Photo credit: Ville de Luxembourg Luxembourg City will be illuminated with Christmas lights from Friday as the traditional festive markets get underway, although the lights will be on for fewer hours than usual as part of the country’s bid to save energy this winter. READ THE FULL ARTICLE HERE
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.