From Luxembourg for Finance In a surprise announcement, Minister of Finance Pierre Gramegna indicated he would step down from his post at the end of 2021 for personal reasons. During his eight years as Minister he has been a tireless advocate for Luxembourg’s financial services. One of his major legacies is the implementation of tax transparency, which he embraced from the beginning of his term. His other achievements comprise the continued digitalisation of Luxembourg’s financial industry and his relentless push for finance to be more sustainable. He ensured Luxembourg’s continued fiscal stability and steered it safely through the uncertainty caused by the pandemic. As the numbers attest, he leaves Luxembourg’s financial industry in excellent shape and for this we owe him thanks. As Finance Minister, Pierre Gramegna was also Chairman of Luxembourg for Finance and the entire team, and …
Luxembourg's Minister of Finance, Pierre Gramegna, attended the first in-person ALFI London Conference since the start of the COVID-19 pandemic on 18 November 2021. On this occasion, Minister Gramegna advocated the role of the financial sector in achieveing net zero emissions. The Finance Minister addressed fund sector professionals at the conference, stating: "One of the positive effects of the COP26 in Glasgow is undoubtedly the reinforced engagement of the private sector, and more particularly of finance actors, in the financing of the fight against the climate crisis. The financial sector has realised the special role it plays in the transition to a future of net zero emissions and therefore the achievement of the objectives of the Paris Agreement. It is by mobilising the resources of the financial sector, including investment funds, that we will go from billions to trillions of …
LUXEMBOURG CONSUL GENERAL DANIEL DA CRUZ AND HONORARY CONSUL PAUL BINSFELD MEET WITH ARIZONA LEADERS TO IDENTIFY OPPORTUNITIES FOR SUSTAINABLE ECONOMIC DEVELOPMENT 11-11-2021 Consul General of the Grand Duchy of Luxembourg Daniel Da Cruz and Honorary Consul of Luxembourg to Arizona and New Mexico Paul Binsfeld completed a series of meetings with government officials and industry leaders to discuss opportunities for collaboration between Luxembourg and Arizona for sustainable economic development. Da Cruz and Binsfeld had inspirational discussions and shared ideas with Councilwoman Ann O’Brien and leaders from the Greater Phoenix Economic Council, Culdesac, Arizona State University, Thunderbird School of Global Management, and Lintelio, on innovation and sustainability, space research, data analytics, workplace health and education, “I am thrilled at the outcomes of our meetings,” Binsfeld states. “Together, with these leaders and organizations, the Consul General and I were able …
Luxembourg's Ministry of Foreign and European Affairs has announced that fully vaccinated individuals from the United States can now travel again to the Grand Duchy. The Foreign Ministry announced changes to the list of third countries whose COVID-19 vaccination certificates are accepted for entry to the Grand Duchy, including for non-essential reasons. As of 7 November 2021, third country nationals with a certificate proving a complete vaccination schedule issued by the US are now authorised to enter the territory of the Grand Duchy of Luxembourg, including for non-essential travel. Along with vaccination certificates issued by a Member State of the European Union or the Schengen Area, Luxembourg recognises vaccination certificates issued by the following third countries: Albania; Andorra; Armenia; Faroe Islands; Israel; Morocco; Monaco; North Macedonia; Panama; San Marino; Turkey; Ukraine; United Kingdom; United States; Vatican City. Any other person, regardless of nationality and …
SNT AND SES’ PARTNERSHIP LAUNCHES LAB TO FOCUS ON NEXTGEN SATELLITE CONNECTIVITY AND QUANTUM COMMUNICATIONS SES and the University of Luxembourg’s Interdisciplinary Centre for Security, Reliability and Trust (SnT) announced today the creation of a joint lab that will explore the benefits of high-throughput satellite systems in the areas of next-generation networks, including quantum communications and cybersecurity. The agreement will see both institutions jointly utilise facilities at their respective sites to expand and strengthen their long-term partnership by leveraging Luxembourg’s R&D and SES’s industry leadership positions to explore next-generation technology. The partnership will focus on studying the potential of next-generation high-throughput satellite systems and multi-orbit capabilities, such as SES’s Geostationary and Non-geostationary Medium Earth (MEO) orbit fleet. In addition to this joint initiative, SES and SnT are also collaborating to leverage early access to Luxembourg’s supercomputer MeluXina. Rated as one …
Luxembourg’s green financial credentials have been reconfirmed in the latest GGFI 8, with the financial centre being placed 2nd highest in the EU and 5th globally. Moving up 1 place, the ranking corroborates the strength of Luxembourg’s sustainable finance toolbox and expertise. The Grand Duchy remains the market leader in terms of sustainable investment funds, with a third of all European sustainable fund assets being domiciled in Luxembourg. Commenting on the ranking, Nicolas Mackel, CEO of Luxembourg for Finance noted that “the position of Luxembourg, both globally and within the EU, attests to the strength of the Grand Duchy’s sustainable finance ecosystem; one that continues to grow and implement new initiatives and products to combat climate change.” The GGFI is published by Z/Yen Partners and a globally recognised comparison of the depth of green finance across leading financial centres. Read the full …
After the 1st successful edition of the LPEA Job Fair in March, LPEA is now offering the 2nd edition which will take place on October 7th. This will be a full-day digital event connecting some of the biggest PE/VC recruiters in Luxembourg with candidates from all across Europe. The Job Fair is organised by LPEA, the Luxembourg Private Equity & Venture Capital Association and it is free of charge for candidates. Please find more information and register here.
LACC Member, CEBIP, is Hiring! Program Coordinator Find More Info HERE Required Qualifications (as evidenced by an attached resume):Bachelor’s degree (foreign equivalent or higher) in Environment, Science, Technology, or Business or a related field. Administrative experience. Preferred Qualifications:Master’s degree (foreign equivalent or higher) in a clean energy related field. Two (2) years of full-time project management experience. Two (2) years of full-time data collection and reporting experience. Event management experience. Proficiency with Microsoft Suite and/or Google Apps. Proficiency with Excel. Experience with CRM. Experience in a start-up/incubator environment. Experience with coaching and/or mentoring. Experience with grant writing, reporting and/or submissions. Experience with expense tracking and reporting. Experience with Long Island and New York State clean energy and start-up environment. Familiar utilizing marketing and social media tools i.e. SurveyMonkey, Google Forms. Brief Description of Duties: For the Clean Energy Business …
Space data and analytics company Spire has started trading its shares on the New York Stock Exchange. The company, whose European headquarters are located in Luxembourg, aims at enhancing its ability to provide clients with more data faster. With over 100 nanosatellites in orbit, Spire has one of the world’s largest constellation of radio frequency-listening satellites in orbit just above the Earth’s atmosphere. They collect rich, granular data used to track ships, planes and weather phenomena in the most remote regions of the planet. The comprehensive data and analytics provided help clients make informed decisions with high impact in fields such as the environment, global logistics and economic sustainability. Spire has recently completed its business combination with NavSight Holdings, Inc. aimed at taking the company public. Trading of its shares on the New York Stock Exchange started on 17 August 2021. “We …
Arrival in Luxembourg could be months away as US Senate considers Biden's choice US President Joe Biden has nominated the mayor of the largest city in the politically important state of Wisconsin as his government's next ambassador to Luxembourg. Tom Barrett has been the mayor of Milwaukee for 15 years and could move to the Grand Duchy later this year depending how long lawmakers in the US Senate take to review his record and approve Biden's nomination. The White House announced his nomination on Wednesday. "I will bring the values of our community to this new posting - values we share such as hard work, honesty and caring for others," Barrett said during a press conference in Milwaukee on Wednesday. Barrett, 67, is one of the most influential politicians in the politically divided state where voters narrowly backed Biden last …