Over 1,300 new companies have set up in Luxembourg since January last year
Luxembourg is home to 35,113 companies, according to the latest data from the Luxembourg National Statistics Institute (STATEC) relating to January 2018.
These figures show that new businesses are increasing substantially in the Grand Duchy with 1,380 companies more than the same period last year.
Of those figures, 7,867 companies are reported to be in the area of specialized activities. Scientific and technical related businesses was the sector that increased the most at the beginning of this year.
In second place the number of companies trading or repairing cars and motorbikes stood at 7,814.
The construction sector took third place with 4,133 businesses.
The construction industry continues to climb in the Grand Duchy, with 215 new companies opening in the past year.
Notably the finance and insurance sector came in behind transport, restaurant and hotel sector, housing, information and communication and administrative, with 1,234 companies.
The full results can be seen in the STATEC report.