Luxembourg City Film Festival, jointly supported by the Ministry of Culture and Luxembourg City, isthe country's official film festival. Each year it offers numerous film exclusives in the different partner cinemas (Ciné Utopia, Kinepolis Kirchberg, Cinémathèque de la Ville de Luxembourg).
In February 2018, fDi Magazine, a division of the Financial Times Group, published a new edition of its study measuring the attractiveness of European cities and regions to foreign investors. Luxembourg City ranks 12th among the European Cities and Regions of the Future. Furthermore, in all of the regional rankings, both the country and the city of Luxembourg feature in the top 10.
Luxinnovation, Startup Grind Luxembourg and Silicon Luxembourg have recently published their list of the Luxembourg startups that will be representing the country at the StartUp Europe Awards 2017. The StartUp Europe Awards recognise the efforts of European startups at five levels (local, county, regional, national and European) in 18 categories.
The American think tank The Heritage Foundation has just published its annual Index of Economic Freedom. This ranking, which analyses the economic freedom of a country, puts Luxembourg in 14th place worldwide and in 7th place in Europe, with a score of 76.4 /100. In Europe the ranking is led by Switzerland, Ireland and Estonia.
Statec, the National Institute of Statistics and Economic Studiesin Luxembourg, has just published the very first edition of its annual medium-term economic forecasts. According to the figures forecast over the next four years, economic growth in Luxembourg will reach a cycle peak with 4.5% growth by 2018/2019 and will converge towards 3% in 2022. With this performance, the Grand Duchy will be well above the average forecast growth in the euro zone.
About twenty State administrations and services have worked together with stakeholders in the private sector to gather on the logistics portal at Logistics.public.lu all the information of use to the economic operators active in the field of logistics and international trade.
The 23rd Winter Olympics began officially on Friday, 9 February, in PyeongChang (South Korea). A total of 2 925 participants from 92 countries will be competing in 7 sports and 15 disciplines. The young skier Matthieu Osch will be representing the Grand Duchy at the Olympic Games; the competitions began on 8 February, on the eve of the official opening.
At a funding conference hosted by the Global Partnership for Education in Dakar on 1 and 2 February, Luxembourg's Development Cooperation announced an additional contribution of 300,000 euros for 2018 in support of its programme for education in developing countries.
During the joint meeting between the Commission des finances et du budget - Cofibu (Finance and Budget Committee) and the Commission du contrôle de l’exécution budgétaire - Comexbu (Budget Implementation Control Committee) last week, the Minister of Finance Pierre Gramegna presented the state's budget situation in the 4th quarter of 2017.
The Film Fund Luxembourg and the Digital Lëtzebuerg initiative recently unveiled a series of new virtual reality initiatives at the Casino – Forum d'art contemporain. For the duration of the Luxembourg City Film Festival, which runs from 22 February to 4 March 2018, a dedicated VR pavilion will be set up at the Casino, with VR viewing stations available free of charge for members of the public, giving them a chance to experience the fantastic potential offered by this new technology at first hand.
According to a study by KPMG, Luxembourg is ranked in third place in terms of growth potential. The overall classification of the Growth Promise Indicators (GPI) is headed by the Netherlands, followed by Switzerland in second place and Norway in fifth place. The only non-European countries among the first ten on the list are Hong Kong, ranked fourth, and Singapore in seventh place.
Nicolas Schmit, Minister for Labour, Employment and the Social and Solidarity Economy and Patrick Nickels, president of the National Credit and Investment Institution, public-law banking institution, signed an agreement at the end of November for the creation of the legal status of Société d'impact sociétal - SIS (Societal Impact Company - SIC).
On 31 January, Secretary of State of the Economy Francine Closener officially inaugurated the first extension of the 'House of Biohealth', a hosting structure for undertakings both new and already in existence in the field of biotechnologies, ICTs and eco-technologies that is the result of collaboration between the Ministry of the Economy, the ZARE, and a number of private investors.
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