In its annual report for 2016, Luxembourg's Financial Sector Supervisory Commission (Commission de Surveillance du Secteur Financier - CSSF), which 'polices' the Grand Duchy's financial centre, confirms its role as regulator and draws up a favourable report on the sector. Regarding the financial sector's activities, the income generated and the assets under management remain at a high level, while on the supervisory side, the amount of fines remained stable at 1,330,950 euros in 2016, despite an enormous increase in staff numbers and on-the-spot inspections.
From 7 to 17 September, the city of Toronto will host over 300 films from around the world for the 42nd edition of the Toronto International Film Festival, one of the biggest festivals in the world of cinema. Among the participants, three Luxembourg co-productions supported by the Film Fund Luxembourg are aiming to convince the Canadian audience and boost Luxembourg's reputation for film creation.
The creative platform Aerowaves will be opening for the 2nd edition of its festival of contemporary dance, combining the talents of young dancers/choreographers with the virtuosity of professionals in the dance world. During three evenings, from 31 August to 3 September, the Luxembourg Centre of Choreographic Creation (Centre de création chorégraphique luxembougeois Trois C-L) and the Neumünster Abbey Cultural Exchange Centre will be presenting nine performances to surprise, question, move, dazzle and thrill the public.
In the Grand Duchy, the number of subscriptions for fixed very high-speed Internet (more than 30Mbps) increased by 24.9% last year, reaching a figure of 109,200. This means that very high-speed access has overtaken high-speed access. Mobile Internet traffic reached a new record level of 16,844.2 terabytes - explosive growth of 42% between 2015 and 2016, according to the ILR 2016 report on telecoms statistics for the Grand Duchy.
This year, the Schueberfouer takes place from 23 August to 11 September at the Glacis, as always. Over 2 million visitors are expected for the event, and they all come to enjoy the festive atmosphere of this national fun fair with its 260 attractions– including 80 street vendors on Allée Scheffer – its programme of entertainment, its numerous culinary delights and of course its majestic Ferris wheel!
During a press conference on 10 August 2017, the Secretary of State of the Economy Francine Closener presented the figures for tourist numbers in the first six months of 2017. According to surveys carried out by Luxembourg for Tourism, Luxembourg is attracting increasing numbers of visitors to explore it.
In July, Luxembourg presented the contents of its 2030 Agenda in New York, at the United Nations conference on the 17 sustainable development goals. Luxembourg's agenda focuses on four challenges arising from these goals that are relevant for the country: dynamic demographic development, the diversity of the resident working population, the economy's heavy dependence on one sector and the pressures on the environment and climate in a globalised world.
E-lake 2017 is a delight for electronic music lovers from 11 to 13 August 2017, at Lake Echternach. With Eko Frash, Royal Republic, DJ Anna Reusch and the stars of the national music scene Flore, De Läb and Dillendub, these three days of August promise to become hot.
The government has recently adopted its 10th five-year plan for tourism infrastructure. Every five years, the government adopts a new plan designed to encourage the development of the tourism industry and improve the tourism infrastructure in Luxembourg, with the aim of optimising conditions for those visiting the country.
As of 1 August 2017, every student enrolled at a university or post-secondary education institution can request an mKaart, a season ticket enabling the user to travel free of charge on all means of public transport, throughout the entire Luxembourg network.
15 August is Assumption Day in Luxembourg. According to the Christian tradition, the Virgin Mary was taken up into heaven by God on this day, which is why in Luxembourgish the day is also known as Maria klamm op, which translates as Mary goes up, orMariä Himmelfaart, a synonymous expression borrowed from the German language.