News · February

ICT

HighWave Capital chooses Luxembourg to develop its new robo advisor

The French startup sets up in the Grand Duchy, where the fintech ecosystem is more in keeping with its ambitions.

On 27 February the French fintech startup HighWave Capital presented an innovative application which integrates the entire value chain offered by a roboadvisor.

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Languages

Sproocheronn.lu, a new tool to promote the Luxembourgish language

The online platform, which also contains several discussion forums, gives a voice to citizens.

On 22 February 2018, the Minister of National Education, Children and Youth Claude Meisch and the Secretary of State for Culture Guy Arendt launched the Sproocheronn.lu initiative, an online citizen's platform.

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Cooperation and Humanitarian Action

Luxembourg – a safe country to be born in

The neonatal mortality rate in Pakistan is 45.6 per 1,000 births, compared with just 1.5 for every 1,000 births in Luxembourg.

Every year, 2.6 million babies die worldwide in the first month of their life. One million die on the very day that they are born. These figures were confirmed by the new Executive Director of UNICEF, Henrietta H. Fore.

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Companies

Export Award 2018

Take part in the 4th edition of the contest for exporting SMEs!

The Export Award, an initiative of Office du Ducroire and the Luxembourg Chamber of Commerce, is an award presented every two years to Luxembourg SMEs which have made an outstanding contribution through sustainable development at an international level. The aim of this award is to encourage Luxembourg companies to conquer international markets.

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Research and innovation

A new law to encourage companies to innovate

The law of 17 May 2017 on the promotion of research, development and innovation came into force almost nine months ago.

On 27 February the Ministry of the Economy and the Chamber of Commerce organised an event aimed at presenting a detailed insight into the intricacies of a new law, one of whose main objectives is to encourage companies to actively support their R&D and innovation projects.

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Mobility

Three new tram stops in 2018

The next stages in the construction of the tram network were revealed at a press conference on 23 February 2018.

The first section of the tramline, between the Red Bridge and Luxexpo, went into service on 10 December 2017; it has eight stops, and two interchanges. So far, the network's managers report very positive results - more than 17,000 passengers use the service daily, whereas the estimate was for just 8,400. And by June 2018, the tram will cross the Red Bridge and serve three new stops: Theater, Faïencerie and Stäreplaz/Etoile.

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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 to do this weekend. On your own, with your family or with friends – the choice is yours.

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

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Cinema

Luxembourg City Film Festival maintains its tradition of exclusivity

From 22 February to 4 March 2018, the 8th edition of the festival will attract film fans to the country's cinemas for 11 days of thrills and festivities.

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).

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Local products

A new promotional strategy for Luxembourg wine

The Luxembourg Wine Institute is preparing to revamp its marketing strategy

The Luxembourg Wine Institute is preparing to revamp its marketing strategy for Luxembourg wine. While the country's wine has a solid reputation with both wine enthusiasts and international connoisseurs, it remains relatively unknown among the general public. The Institute is therefore working with wine producers to boost advertising for Luxembourg wine beyond the country's borders.

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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 to do this weekend. On your own, with your family or with friends – the choice is yours.

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!

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Economy

fDi Magazine assesses the attractiveness of European cities and regions to foreign investors

Luxembourg’s economic potential is particularly appealing.

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.

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Companies

StartUp Europe Awards: 14 companies to represent Luxembourg

The "Eurovision for startups" is a springboard for companies in Luxembourg.

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.

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Economy

Promising medium-term economic forecasts

Statec will now publish forecasts in the form of an annual study

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.

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Economy

Index of Economic Freedom: Luxembourg gets ahead of its neighbours

On a global scale, Luxembourg has stabilised in 14th place

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.

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Tourism

The Bock Casemates reopen to visitors

The underground galleries, which feature on the UNESCO World Heritage List, bear witness to the capital's eventful past as a fortified city.

On 10 February 2018, the Bock Casemates will reopen to the public. In 2017, the fortifications drew some 136,037 visitors, making them Luxembourg City's most popular tourist attraction.

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Logistics

Logistics.public.lu - new information portal on logistics and international trade

The site, which falls within the 'Einfach Lëtzebuerg' national strategy, interacts with the State's administrative guide 'Guichet.lu'.

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.

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Sport

2018 Olympics - Matthieu Osch ready to hit the pistes

Matthieu Osch, Luxembourg's only participant in the 2018 winter Olympic Games, will be in action from 18 February.

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.

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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 to do this weekend. On your own, with your family or with friends – the choice is yours.

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

Economy

The consolidation of public finances continues in 2017

The central government recorded a balance of +€364.1 million at the end of December 2017, in other words an improvement of +€216 million compared to 2016.

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.

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Cooperation and humanitarian action

Grand Duchy commits to Global Partnership for Education

Totalling more than 47 million euros, aid for education represents 19% of ODA.

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.

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Audiovisual production

Virtual reality at the Luxembourg City Film Festival

The future will be virtual!

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.

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Studies

Luxembourg: growth potential is high

According to the Growth Promise Indicators (GPI) study, which examines the sustainable growth prospects of countries, Luxembourg is in third place among 180 countries.

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.

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Culture

European Year of Cultural Heritage 2018 – 60 projects already labelled

Initiatives in Luxembourg have been divided into three themes, all with a strong future-oriented focus.

Since the European Year of Cultural Heritage officially got under way in Luxembourg on 29 September 2017, no fewer than 60 projects from 20 project leaders and co-producers have received official accreditation.

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Health

An exemplary healthcare system according to HCP

In the new Euro Health Consumer Index report published by Health Consumer Powerhouse (HCP), the Grand Duchy stands out among the 35 European countries polled.

Luxembourg has one of the most effective healthcare systems in Europe, sharing fourth place with Norway, behind the Netherlands (1st), Switzerland (2nd) and Denmark (3rd).

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Culture

Societal impact companies have better legal and financial support

The state and the Société nationale de crédit et d’investissement - SNCI (National Credit and Investment Institution) would like to further develop the social and solidarity economy.

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).

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Science

House of Biohealth - labs up and running

The 'House of Biohealth' will eventually house up to 600 researchers.

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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Great ideas for the weekend

Going out this weekend – our good ideas!

The editorial team at luxembourg.lu has selected six great things to do this weekend. On your own, with your family or with friends – the choice is yours.

A la recherche de bonnes idées pour profiter pleinement de votre fin de semaine? L’équipe a sélectionné pour vous quelques évènements plaisants à tester ce week-end. Installez-vous, on vous dresse la liste!

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  • Updated 02-03-2018