News · July

Great ideas for the weekend

Going out this weekend - our good ideas!

The editorial team at luxembourg.lu has selected six great things for you to do this weekend. On your own, with your family or with friends - take your pick.

Looking for some good ideas to make the most of your weekend? Our team have selected some fun events to try out this weekend. So, take a seat - here's our list!

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Housing

Housing in Luxembourg: as many houses as apartments

The new issue of 'Regard' (periodical published by the Luxembourg Statistics Institute Statec) confirms the trend

On 1st March 2017, 142,820 residential and semi-residential buildings as well as 233,675 houses were listed, based on the Registre des bâtiments et des logements (Register of Buildings and Dwellings), according to issue No 13 of the Statec publication 'Regard'.

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Economy

OECD Report on Luxembourg

Strategy for a third industrial revolution welcomed

In its latest Economic Survey of Luxembourg, the OECD analyses the factors that explain the soundness of the country's economic performance and the public policies that can make growth greener and more resilient. The study also focuses on the diversification of the Luxembourg economy, the immigration factor and the labour market, thus giving a fairly general overview of Luxembourg's economic performance.

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Tourism

Holidays: Luxembourg residents prefer to relax

According to a Statec study, each resident of the Grand Duchy spends an average of €770 on a holiday.

In 2016, 81% of residents aged 15 and over went away on holiday for at least one night. In total, 390,000 tourists spent €1.09 billion on their holidays last year, an average of €770 per trip. This is €20 more per trip than in 2015.

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Cinema

This summer - 'rendezvous' under the stars!

The "OPEN AIR CINEMA 2017" is back in the country from July 21 onwards.

The 'Open Air Cinema' is back in the Grand-Duchy. This is why this summer the most popular sites are transformed back into outdoor cinemas. It is the ideal opportunity to meet friends or family and (re)watch blockbusters or classics that have marked our memory.

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Economy

Luxembourg ranks third in the ICC's Open Markets Index 2017.

The Grand Duchy beats over 72 countries in terms of overall openness

At the start of July 2017, the International Chamber of Commerce (ICC) published a new edition of its Open Markets Index (OMI) study. The study makes it possible to compare the openness to international trade of 75 countries worldwide. The OMI has four main areas of focus which are further divided into 23 indicators in order to cover all openness factors.

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Great ideas for the weekend

Going out this weekend - our good ideas!

The editorial team at luxembourg.lu has selected six great things for you to do this weekend. On your own, with your family or with friends - take your pick.

Looking for some good ideas to make the most of your weekend? Our team have selected some fun events to try out this weekend. So, take a seat - here's our list!

More

Aerospace industry

A legal framework for space exploration

Luxembourg is the first European country to set up a legal framework for space exploration and the use of space resources.

The law on space resources was passed on 13 July at the Chambre des Députés du Luxembourg (Luxembourg Chamber of Deputies), obtaining a large majority with 55 votes in favour. It will thus come into force on 1st August 2017.

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Culture

Luxembourg at the 2017 Francophonie Games

The Grand Duchy is taking part in the VIIIth Francophonie Games at Abidjan as from 21 July 2017.

Organised every 4 years, the Games bring together 80 Francophone States from around the whole world, united in favour of youth and diversity. Luxembourg has been present at all the editions of the Games since their inception - in 1989 in Morocco - and has already won 15 medals (5 silver and 10 bronze).

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Capital city

Parc de Mansfeld opens

The park in the suburb of Clausen is located where a mythical château once stood.

For the 500th anniversary of the Count of Mansfeld, the City of Luxembourg has opened a park with facilities where a magnificent château surrounded by grounds with fountains and exotic plants once stood.

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Finance

The insurance sector is booming

A leap of 45.7% for Luxembourg's insurers!

In 2016 the national insurance sector had a record year, increasing its net profit after tax to €1,808 billion, a considerable rise of 45.7% compared to the previous financial year. This result far exceeds the previous record set in 2012. This strong performance can be attributed to non-life insurance and reinsurance which are both progressing at very fast rates of +53.78% and +55.91%.

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Cooperation and Humanitarian Action

Read the latest development cooperation annual report

In 2016, Luxembourg contributed 1.02% of its GNI to official development assistance.

At the end of June 2017, the Minister of Cooperation and Humanitarian Action presented the 2016 annual report. The latter provides detailed information on the use of Luxembourg official development assistance (ODA) allocations and the Fonds de la coopération au développement - FCD (Development Cooperation Fund).

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Population

The multicultural population of Luxembourg

Statec (the Luxembourg national statistics institute) has just published its study on the state of the Grand Duchy's population.

On 1st January 2017, Luxembourg had 590,667 inhabitants, 48% of whom were non-Luxembourgers. Compared to the previous year, the population increased by 11,159 people, thanks to positive net migration (arrivals – departures) of 9,446 people and a positive natural balance (births – deaths) of 2,083 people. With 48% foreign nationals of some 170 different nationalities, the Grand Duchy has the highest ratio of foreign nationals in its population of all the OECD countries.

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Great ideas for the weekend

Going out this weekend - our good ideas!

The editorial team at luxembourg.lu has selected six great things for you to do this weekend. On your own, with your family or with friends - take your pick.

Looking for some good ideas to make the most of your weekend? Our team have selected some fun events to try out this weekend. So have a seat - here's our list!

More

Sport and leisure

#LetzGoCycling - Meet the 40 winners

The prizes were presented by the State Secretary Francine Closener

On 10 July 2017, the State Secretary for the Economy, Francine Closener, presented prizes to the 40 winners of the 'Let'z Go Cycling' photo competition on Place Guillaume II in Luxembourg City. Launched to celebrate the Tour de France 2017 passing through Luxembourg and to mark the opening of the tourism season on 14 April 2017, the 'Let'z Go Cycling' photo competition called on all cyclists and cycling fans to share their love of cycling, by sending in a photo of them with their bike in one of their favourite places in the Grand Duchy. Internet users were then asked to vote by liking one or several photos in the gallery published on www.letzgocycling.lu

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Companies

Luxembourg supports young ICT companies

The Digital Tech Fund makes its first investment of €1 million to support two innovative companies.

The Digital Tech Fund, a Luxembourg-based seed fund, is supporting two innovative young companies by making a €500,000 investment in each. Over 2,000 applications were received in the space of just one year, and more than 200 were seriously considered for their investment potential. In the end, two foreign companies were selected: itravel and Nektria.

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Tourism

The Grand Ducal Palace open to the public all summer

Guided tours will be taking place every day from July to September.

From 15 July to 3 September 2017, the Grand Ducal Palace will be opening its doors to the public. The palace is one of the capital's main tourist attractions, with more than 10,000 visitors each year.

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Companies

Luxembourg, a great place for startups

The Idea Foundation has recently published a report on entrepreneurship and startups in Luxembourg.

Startups are a vital driver for the development of a country's economy, the creation of new jobs and the promotion of innovation. According to a report by the Idea Foundation, the number of new companies has grown steadily in Luxembourg from 2003 to 2014.

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Economy

New aid schemes unveiled for research, development and innovation for undertakings

SMEs and Start-Ups benefit by more aids

With the entry into force of the new law on aid schemes for research, development and innovation (RDI), Luxembourg is coming into line with the objectives of Community policy in this area. As part of these efforts, new measures have been put in place and existing arrangements have been supplemented.

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Good plans for the weekend

Going out this weekend - our good ideas!

The editorial team at luxembourg.lu has selected six great things for you to do this weekend. On your own, with your family or with friends - take your pick.

Looking for some good ideas to make the most of your weekend? Our editorial staff has selected some fun events to try out this weekend. So, have a seat - here's our list!

More

Economy

Luxembourg's entrepreneurs are optimistic

The expectations of the country's business leaders have risen for the fourth year in a row.

According to the latest edition of the "Luxembourg Business Compass", an annual report published by KPMG since 2009, Luxembourg's business leaders are expecting high economic growth over the next 12 months. On a scale from -5 (the economy will shrink considerably) to +5 (the economy will grow considerably), CEOs gave an average value of 2.3, indicating that their expectations are at an all-time high. This result is particularly impressive considering that, at international level, KPMG has observed the opposite trend.

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Business

Luxembourg - new international shopping destination

High-end products attract people

On 29 June 2017, the consulting firm 'CIMA, Beratung + Management GmbH', presented the results of a recent study which analyzed the city's commercial development, particularly in the pedestrian zone of the city centre and the area of the railway station. According to the study, the turnover increased from 365 million in 2010 to 534 million euros in 2017. In addition, the commercial surface area has gone up by 13% since 2010. The capital has thus succeeded in broadening its potential as an international city with great shopping opportunities.

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Research and innovation

Luxembourg – one of the world's most innovative countries

Luxembourg is ranked 12th in the tenth edition of the Global Innovation Index.

Since 2007, Cornell University, INSEAD and the World Intellectual Property Organization have published an annual Global Innovation Index. This composite index is a precious tool for comparing and evaluating the ongoing progress made by different countries in the area of innovation. In the 2017 edition, Luxembourg came 12th with a score of 56.40.

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Local produce

Luxembourg wine turns over a new leaf

The new marketing strategy highlights the strengths of the Luxembourg wine sector.

Consumers tastes and expectations that are changing, international competition that's ever-increasing and a wine market that's rapidly changing pose a challenge for Luxembourg winemakers. In order to make better use of the means available, the Minister of Agriculture, Viticulture and Consumer Protection decided to support the Luxembourg wine industry by investing a million euros per year in a new marketing approach.

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Economy

Second edition of the FinTech Awards: Luxembourg confirms its position as a centre of excellence

Four start-ups receive financial and logistical support in Luxembourg

On 28 June 2017, the prize-giving ceremony for the FinTech Awards was held in Luxembourg. These awards go to start-ups in the field of financial technology that demonstrate an entrepreneurial, innovative approach. Start-ups from all over the world are eligible for the awards – for this year's second edition, 160 applications were received from 46 countries, clearly illustrating how start-ups can benefit from the stable, business-friendly environment in Luxembourg.

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Culture

'Une liaison pornographique' at Avignon OFF festival

The play by Philippe Blasband and Théâtre du Centaure is showing at Avignon OFF festival from 7 to 30 July 2017.

The production by Théâtre du Centaure 'Une liaison pornographique' (An Affair of Love) by the author Philippe Blasband, directed by Marja-Leena Junker, was chosen by an independent jury to represent French-speaking Luxembourg theatre at the 71stedition of the Avignon OFF Festival from 7 to 30 July 2017 at Théâtre Notre-Dame.

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Tourism

Get the Luxembourg Card

Whether you're a tourist or a resident, the Luxembourg Card allows you to visit the country in a relaxed manner

Summer's here and the tourist season is open for good. What better way to enjoy the holidays than to make a trip to Luxembourg City, or to discover the diversity of the country's regions? Let yourself be surprised by the Grand Duchy of Luxembourg But most importantly, do not forget to bring your Luxembourg Card!

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Great ideas for the weekend

Going out this weekend - our good ideas!

The editorial team at luxembourg.lu has selected six great things for you to do this weekend. On your own, with your family or with friends - take your pick.

Looking for some good ideas to make the most of your weekend? Our team has selected some fun events for you to try out this weekend. So have a seat - here's our list!

More

Architecture and town planning

Urban planning: simplifying 'commodo' applications

A new electronic assistant for the simplification of 'commodo' applications in the housing sector in Luxembourg has been introduced.

From 3 July 2017, 'commodo' applications can partially be made online. In order to make it easier for the applicants and give them a better understanding of the information required, the Environmental Administration (Administration de l'environnement, AEV) took the initiative to prepare a MyGuichet e-wizard called 'e-form commodo'.

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Culture

Luxembourg well represented at Arles

Twenty-six artists from Luxembourg will be exhibiting their work at the Arles Festival.

The prestigious Rencontres d'Arles will be taking place from 3 July to 24 September. The 48th edition of the world-famous photography festival boasts 25 venues, 250 artists and 15,000m2 of exhibition space.

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  • Updated 28-07-2017