News
Luxembourg’s AAA credit rating affirmed by Fitch and Scope
27-02-2023
Luxembourg retained its AAA rating with a stable outlook in the most recent Fitch and Scope ratings. Both credit rating agencies based their conclusions on Luxembourg’s high economic resilience, good governance indices, and robust public finances. Key takeaways from the rating agencies’ evaluation are detailed below.
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Artec 3D inaugurates new production facility in Luxembourg
21-02-2023
Luxembourg-based 3D scanning solutions manufacturer, Artec 3D, expands its presence in the grand duchy with the opening of a new production facility in Senningerberg.
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“Find a place you love”
15-02-2023
When international companies choose the location for their European office, there are a number of factors to take into account. Fedor Antonov, CEO of continuous fibre 3D printing specialist Anisoprint, highlights a range of considerations not to overlook, and recommends company executives to give priority to spending time in their new location.
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Connectivity is key
14-02-2023
The Luxembourg Trade and Investment Offices (LTIOs) are key relays for international companies interested in expanding their business to Europe through Luxembourg. We spoke to Tania Berchem, Executive Director of LTIO Taipei, about challenges, success factors and how she and her team can help.
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A very innovative country
09-02-2023
Charlotte Pedersen, Non-Executive Director and company owner of Pegasus Consilium, came to Luxembourg from Denmark in 2009. She shares her experience of what it is like to do business and live in Luxembourg.
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Top-level security standards for Luxembourg supercomputer
07-02-2023
As LuxProvide, the company in charge of Luxembourg’s supercomputer MeluXina, expands its cooperation with companies, it is implementing an advanced security system to ensure that customers can process their data in a climate of complete trust.
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Entering the metaverse market
02-02-2023
Often considered as the next iteration of the internet, the metaverse is expected to play a key role in the digital transformation of the economy. But is it just hype, or a trend with real substance? We spoke to Arnaud Lambert, Director Digital Transformation, and Sara Bouchon, Director Market Intelligence at Luxinnovation, to find out more.
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Launch of the Humanitarian Innovation Accelerator call for projects
01-02-2023
From today on, the call for projects of the Humanitarian Innovation Accelerator (HIA) will be open to national and international applications in order to promote innovative solutions in support of the global humanitarian sector. Applications can be submitted until 1 March 2023.
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“Break down the diversity barriers”
30-01-2023
Opening a first European office is a big step for many international companies that do not only need to handle business aspects, but also cultural and linguistical challenges. Toshihiko “Toby” Otsuka, CEO of Rakuten Europe, shares how this Japanese company managed to overcome such barriers when establishing its European headquarters in Luxembourg.
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“Revalidate your assumptions”
23-01-2023
Argentine digital health company ViewMind opened its European office in Luxembourg a few years ago. Mark Edwards, CEO, and Matias Shulz, COO of ViewMind, share their insights into key points to keep in mind for international companies that target the European market.
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"People and partnerships key to success"
16-01-2023
In late 2017, San Francisco-based global space-based data, analytics and space services provider Spire opened its Luxembourg office to increase its European footprint. We spoke to John Lusk, COO of Spire Maritime, about what he sees as the main success factors and pitfalls to be avoided for international companies expanding to Europe.
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House of BioHealth extension inaugurated
12-01-2023
On 12 January 2023, a new extension of the House of BioHealth, Luxembourg’s unique hosting facility for biotech and healthtech companies was officially inaugurated. A total of 15,000 m2 of lab and office space are now available for businesses in the sector.
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Gaining a foothold in Europe
10-01-2023
For decades, they have been supporting international companies that are looking to come to Europe and set up branch offices or regional headquarters here. Four Luxembourg-based experts share their insights on how to make the ride to Europe as smooth, speedy and successful as possible.
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Luxembourg ranks 11th in 2023 Global Innovation Scorecard
09-01-2023
Luxembourg is one of 24 countries classified as "innovation champions" in the 2023 Global Innovation Scorecard. The country stands out for its high degrees of freedom and diversity.
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The good life in Luxembourg: Faces of Fëschmaart
09-01-2023
The fish market or “Fëschmaart” has always been a lively merchant district. It began with fish and spices, and continues today with handmade goods made to measure. The Fëschmaart is a village in the city, shaped and brought to life by dedicated merchants and restaurateurs.
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LIST opens sustainable composite materials innovation centre
05-01-2023
The Materials Department of the Luxembourg Institute of Science and Technology (LIST) has recently launched a Sustainable Composite Materials and Manufacturing Innovation Centre (SCMM). The new centre will in particular develop composite materials with a very low carbon footprint and demonstrate their benefits through concrete application demonstrators for the automotive, rail, space, aeronautics and future urban air mobility.
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Luxembourg ranks 8th worldwide for rule of law
03-01-2023
Ranked 8th in the 2022 WJP Rule of Law Index, Luxembourg stands out in particular for its high level of order and security, fundamental rights and regulatory enforcement.
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A guide to showcase the VC community in Luxembourg
15-12-2022
Luxembourg start-ups are increasingly attracting investments from both national and international venture capital investors. The Luxembourg Private Equity Association (LPEA) published a VC Guide in November 2022 to highlight this community, which plays a key role for the start-up ecosystem.
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The future of rooftop innovation
13-12-2022
Automotive supplier Webasto produces roofs, electric-cars chargers and batteries as well as heating and cooling systems for the automotive industry. Following the recent acquisition of automotive glazing specialist Carlex Luxembourg, the company is turning its new Luxembourg facility into its global centre of competence for smart glazing.
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The secret of the golden vine
08-12-2022
For centuries, the landscape along the Moselle has been shaped by viticulture. Even the Romans appreciated the terroir in the south-east of Luxembourg. In a recent article, Visit Luxembourg explores the vineyards in the south-east of the country.
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Implementing self-driving vehicles
07-12-2022
In the coming years, autonomous vehicles are expected to revolutionise mobility. Crossroads Magazine spoke to the University of Luxembourg and bus and travel specialist Sales-Lentz about their contributions to making self-driving vehicles a reality.
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Sienza Energy develops European HQ in Luxembourg
30-11-2022
Californian start-up Sienza Energy develops high-energy batteries that could be a radical game changer for electric vehicles. Supported by Luxinnovation, the company has chosen to locate its European HQ in Luxembourg with the ambition to perform key R&D activities. It hopes to open a pilot plant for its eco-friendly batteries here in the next few years.
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A Luxembourg testbed for optimising electrical vehicle fleet charging
29-11-2022
German start-up RiDERgy provides companies with innovative tools for electrifying their vehicle fleet and optimising electric vehicle charging. The company has chosen Luxembourg as the testbed for perfecting and commercialising its offering.
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Luxinnovation and South Korean KAIST GCC to cooperate
28-11-2022
Luxinnovation signed a Memorandum of Understanding with the Global Commercialization Center of Korea Advanced Institute of Science and Technology (KAIST GCC) on 28 November 2022. The main objective is to facilitate business and investment opportunities for South Korean companies in Luxembourg.
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Sustainable mobility solutions: "Start-ups welcome"
28-11-2022
Facilitating smart, efficient and sustainable mobility is a major objective of the Luxembourg government. Crossroads Magazine spoke to the Deputy Prime Minister and Minister for Mobility and Public Works, François Bausch, about his plans for the future and the need for mobility innovation.
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Spearheading mobility innovation
21-11-2022
Luxembourg is determined to promote the use of innovative and sustainable mobility solutions. This commitment, combined with massive infrastructure and public transport investment as well as R&D and business partnership opportunities, make the country an excellent testbed for mobility innovation for the European market.
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Luxembourg maintains its AAA rating
15-11-2022
Credit rating agency DBRS Morningstar has once again awarded Luxembourg its AAA rating with a stable outlook, thereby confirming its belief in the country's growth and stable public finances.
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Luxembourg, a European testbed, at Smart City Barcelona
11-11-2022
Luxembourg is an interesting testbed for international companies with smart city solutions targeting the European market. Company executives looking for the right place to expand their European activities can learn more at the Smart City Expo World Congress in Barcelona on 15-17 November 2022.
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Ohmio Automotion Ltd expands to Luxembourg
08-11-2022
Self-driving bus shuttle manufacturer Ohmio Automotion Ltd, with roots in Australia and New Zealand, will open its first European office in Luxembourg. After winning a key contract with national railway company CFL, Ohmio will use Luxembourg as its base for addressing the growing demand for autonomous vehicles in Europe.
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Vodafone to set up pan-European logistics platform in Luxembourg
04-11-2022
On 26 October 2022, Luxembourg Minister of the Economy Franz Fayot and Ninian Wilson, the CEO of Vodafone Procurement Company, signed a memorandum of understanding for the establishment of Vodafone’s pan-European logistics platform in Luxembourg. The platform will strengthen Vodafone’s presence in Luxembourg even further.
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