Luxembourg is the world’s 12th most competitive economy

24-08-2021

Luxembourg ranks 12th in the 2021 edition of the IMD World Competitiveness Ranking of the world’s most competitive economies. The country gained three places compared to the previous year.
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Computer Vision Research Helping Companies Achieve Success in Space

20-08-2021

Passionate about enabling companies to develop their space ambitions is Prof. Djamila Aouada from the Interdisciplinary Centre for Security, Reliability and Trust (SnT) – a research centre within th...
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SES’s O3b mPOWER Tapped by Microsoft for Azure Network Cloud Services

19-08-2021

Luxembourg SES Satellites has signed on Microsoft as the first cloud provider for its next-generation medium Earth orbit system O3bmPower. Microsoft is pivoting from being a partner to also a custome...
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Detecting floods, the latest in space innovation

18-08-2021

A new and better way to detect floods just got off the ground. The innovative artificial intelligence model, called “Worldfloods”, can relay flood information from space to disaster response teams...
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State Street appoints new Luxembourg country head

18-08-2021

Riccardo Lamanna has been appointed country head of State Street in Luxembourg. Riccardo is responsible for developing business, stewarding client engagement, developing talent, and building the compa...
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Luxembourg pioneering in the treatment of Parkinson’s disease

18-08-2021

US pharmaceutical company SynAgile has received approval to begin the SCOL (Study of Continuous Oral Levodopa) Phase 2 clinical trial in Luxembourg. SCOL is a unique international clinical trial aimin...
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5 reasons to choose Luxembourg as your European business hub

17-08-2021

The Luxembourg pavilion at Expo 2020 Dubai focuses on "Resourceful Luxembourg". In a guest blog written for the pavilion, Luxembourg Trade & Invest highlights 5 reasons why international companies should consider Luxembourg as a location for their European headquarters or offices.
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Luxembourg third most attractive city

10-08-2021

Luxembourg ranks 3rd in the 2021 Global 150 Cities Index, which identifies cities worldwide that have the ideal combination of high salaries, low taxes, reasonable costs and good quality of life.
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Moody’s confirms Luxembourg’s AAA rating

03-08-2021

Based on Luxembourg’s economic resilience, solid public finances and robust and transparent institutional framework, credit rating agency Moody’s has once again confirmed the country’s AAA rating. Luxembourg is one of the few countries in the world that receives this pledge of stability and confidence.
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Luxembourg among the top 10 financial centres in the world

30-07-2021

Luxembourg ranks 8th in the 2021 edition of the Global Financial Centres Index, which analyses the size and growth of financial markets in over 60 countries. When taking the wider business environment into account, Luxembourg comes 4th. It is also considered the most international of any financial centre.
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Satellite operator SES is leading a consortium to develop a communications system for Luxembourg that uses quantum encryption

29-07-2021

SES will devise a satellite and terrestrial network for Luxembourg’s Quantum Communications Infrastructure project, to provide better cybersecurity for critical infrastructure. SES says satellit...
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Team registrations now open for the 2nd edition of Infrachain Challenge – the Blockchain hackathon

27-07-2021

Infrachain, the Luxembourg based Blockchain community for operational Blockchain projects, announces the opening of team registrations for the second edition of its Blockchain hackathon, the Infrachai...
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A walk to remember

21-07-2021

Hiking is one of the most popular activities in Luxembourg. 5,000 km of signposted trails criss-cross the country and take locals and tourists from the hills of the Ardennes in the north to the Red Rock region in the south.
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SES Government Solutions wins U.S. Thule Air Base connectivity contract

20-07-2021

SES Government Solutions has won a new deal with the U.S. Space Force in Greenland. The Luxembourg operator’s U.S.-based government business will support the Thule Air Base in Greenland with critica...
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Luxembourg’s diplomatic network: At your service

20-07-2021

Through its network of embassies and consular offices, Luxembourg is represented in many countries and international organisations around the world. The diplomatic staff can help you when setting up a business or investing in Luxembourg and assist Luxembourg companies in their internationalisation efforts.
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Reaching the whole European market

15-07-2021

Several Korean companies, such as biotech Medical & Bio Decision (MBD) and AI specialist INFINIQ, have recently opened offices in Luxembourg. Crossroads Magazine asked Younhee Kim, Executive Director of LTIO Seoul, about what attracted them to Luxembourg.
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Spire signs $6M contract extension with NASA

14-07-2021

Spire Global continues to participate in NASA’s Commercial Smallsat Data Acquisition (CSDA) program after signing a $6M contract extension. The CSDA allows NASA to acquire commercial Earth Observati...
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Innovative cold chain solutions

12-07-2021

Luxembourg-based healthtech company B Medical Systems specialises in vaccine cold chain solutions and medical refrigeration. With recent innovations making its vaccine freezers more flexible and resilient, the company is playing a key role in the fight against COVID-19. Its international client portfolio, head count and production facilities are all expanding rapidly.
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Luxembourg launches official start-up web platform

06-07-2021

On 5 July 2021, Minister of the Economy Franz Fayot and Luxinnovation CEO Sasha Baillie officially launched the web platform aimed at showcasing the Luxembourg ecosystem internationally and facilitating networking.
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Space opportunities: An investor’s point of view

05-07-2021

Venture capitalists looking for promising investment opportunities are increasingly turning their attention to the new space industry. Pierre Festal, Partner at Promus Ventures, spots the trends and points to opportunities in the field.
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Europe’s premier space resources innovation centre

30-06-2021

As of November 2020, Luxembourg is home to the European Space Resources Innovation Centre (ESRIC) – the only innovation centre in the world exclusively focused on space resources utilisation. Fully aligned with the country’s global space policy, the centre stands out for its strong orientation towards industry cooperation.
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A magic place

28-06-2021

AXA Luxembourg CEO Mirjam Bamberger, a Swiss and German national, describes herself as a "European citizen". She has already lived in eight different countries and considers Luxembourg to be "one of the most beautiful".
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Commercial space hub for Europe

24-06-2021

Space is high on the agenda in Luxembourg. Five years after launching the SpaceResources.lu initiative aimed at promoting the exploration and utilisation of space resources, the country has become a confirmed hub for commercial space activities where business can flourish and benefits spill over to other sectors.
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An internet portal for the circular economy

22-06-2021

At the initiative of four ministries, the www.economie-circulaire.lu portal was officially launched on Tuesday 22 June 2021.
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New Luxembourg roadmap for a competitive and sustainable economy

21-06-2021

On 21 June 2021, Minister of the Economy Franz Fayot presented a new roadmap for supporting the transformation of the Luxembourg economy until 2025. The roadmap notably focuses on accelerating digitalisation, facilitating the transition to a circular economy, developing strategic, resilient value chains and fostering a safe, trusted data economy.
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A nation-wide digital twin

18-06-2021

Digitalisation is key to building a smarter and more resilient Luxembourg. Researchers at the Luxembourg Institute of Science and Technology are working on the ambitious project of building a digital twin of the whole country.
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Data ecosystem building blocks

16-06-2021

Luxembourg’s ecosystem supporting the data economy stands out for its completeness and the seamless interaction between its various components. A snapshot of some of the key initiatives.
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Luxembourg and Denmark to build the world’s first energy islands

15-06-2021

Luxembourg and Denmark have decided to join forces in building the world’s first energy islands. These man-made islands off the Danish coast will be connected to hundreds of offshore wind turbines and will provide green electricity to millions of European households. The innovative initiative confirms Luxembourg’s commitment to using offshore wind power.
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Data-driven air cargo innovation

11-06-2021

CHAMP is one of the global leaders in supplying integrated IT solutions to the airfreight community. Energised by Luxembourg’s data economy ecosystem, the company is using cutting edge technologies to develop data-based, innovative cargo services.
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Password security: a Luxembourg start-up holds the key

10-06-2021

Our increasing use of digital tools during the pandemic radically boosts the need for handling their access in a safe, secure way. The open-source password manager developed by Passbolt is riding on the wave. During the past 12 months, the Luxembourg-based start-up has expanded its staff five-fold and closed a funding round of €2 million.
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