Luxembourg Minister of Defence François Bausch met with Wilbur Ross, US Secretary of Commerce to discuss cooperation in the field of space, including the efficient and sustainable management of satellite traffic and space debris. On 14 January 2020, Deputy Prime Minister, Minister of Defence, François Bausch and John Rood, US Under Secretary of Defence for Policy, met on a long-planned productive working visit. Together with Minister Delegate, Henri Kox, the various areas of bilateral collaboration were discussed, including the peaceful collaboration in space and cyber defence. Minister Bausch emphasised the importance of partners such as the United States regarding defence. During this meeting, François Bausch signed the Terms of Reference for the Space Cooperation Working Group and a Memorandum of Understanding for Cooperation in Safety of Spaceflight and the Provision of Space Situational Awareness Services and Information.). In this context, …
The number of resident jobseekers in Luxembourg has risen steadily over the past year while non-resident jobseeker numbers fell, according to Adem figures. In its report published on 20 January, Luxembourg job centre Adem noted that resident jobseekers totalled 16,532 in December 2019, marking an 8.9% (1,346) rise over one year. Non-resident jobseeker numbers meanwhile fell by 254, a decline equivalent to -9.6% compared with December 2018.
Luxembourg consul Stan Myck, usually based at the embassy in Washington, guested NPR show Lake Effect this week. Given the Battle of the Bulge commemorations last month, Myck explained in some detail the impact of the brutal battle not just on Luxembourg, but of course the war more broadly. The consul also explained that the relationship between Luxembourg and the US goes back to before the wars; notably the food crisis in the 19th century, which drove many to move across to the US among other places. "We something like 100,000 Luxembourgers who left form 1850 to 1880 who left Luxembourg, who came over here. Wisconsin, Illinois," said Myck. America loves Luxembourg: or at least our food and drinks, as Bofferding and Moutarderie de Luxembourg make waves in Midwest Myck also said he was proud to see the link the …
Consumer confidence in Luxembourg slipped last month, but households were more positive about their personal balance sheets and spending plans for 2020. The Luxembourg Central Bank (BCL) said its monthly consumer confidence indicator dropped from -2 in November 2019 to -3 in December 2019. (The figure was -1 in both December 2018 and December 2017). The score represents the “difference between the percentages of respondents giving positive and negative replies” in its monthly polls. According to the BCL, the indicator’s four underlying components “evolved in contrasting ways”. Namely: The score for “consumers’ expectations of the general economic situation in Luxembourg” slumped from 0 in November 2019 to -6 in December 2019. (It was 8 in December 2018 and 4 in December 2017.) The gauge of households’ “perception of their financial situation over the past 12 months” increased from -2 in …
2020 is not just another year. From new chiefs to important anniversaries, trade fairs and leisure activities, there are plenty of reasons to be hopeful. Delano brings offers this snapshot of what's to come. .
Luxembourg Trade & Invest’s key focus areas are to attract direct foreign investment to Luxembourg and facilitate access to international markets for Luxembourg based companies. To reach our goals, we join forces with many different partners and we greatly value the support from the Chamber of Commerce network located around the world. We are pleased to share with you the marketing material available to allow you to keep up to date with what is happening on the Luxembourg Trade & Invest front and to promote Luxembourg in your regions when the occasion arises. Resources Page Our online resources page is a one-stop shop containing a wide array of information and promotional material, not only from Trade & Invest and the Luxembourg Chamber of Commerce, but also from six other key players in the Luxembourg economy. https://www.tradeandinvest.lu/invest-innovate-export/resources/ Material includes links to …
Luxembourg recorded a 12.2% increase in air passengers between 2017 and 2018, twice the overall EU rate of 6%, according to Eurostat, the EU statistics agency. Lithuania (19.2%), Slovakia (16.3%), Poland (16.1%), Latvia (15.8%), Estonia (13.7%), Hungary (13.7%) and Malta (13.3%) all experienced higher air passenger growth rates. No EU country registered a contraction; the lowest increase was in Sweden (+1.3%). In Luxembourg, the vast majority of passengers (90%) took flights serving a location within the EU, with only 10% of passengers travelling between the grand duchy and a city outside the EU. Across the entire bloc, 63% of passengers were on intra-EU flights and 37% were on extra-EU flights. Eurostat published the figures on 6 December.
Financed by the US government, "Introducing Luxembourg" is part of the "Know Your Allies" series that presented each country's socioeconomic and cultural achievements to the members of the Atlantic Community. The footage was distributed by NATO.
A Luxembourg startup aimed at making investing more inclusive will get a boost after raising €520,000 in a round led by the Luxembourg Stock Exchange. The proceeds will support StarTalers, reinforcing their technical team and finalising the development of their online financial advisory platform. “This investment by the Luxembourg Stock Exchange marks a huge step forward for the future of StarTalers. It provides the crucial funding needed to develop and launch our platform so that we can help women become financial investors,” StarTalers founder Gaëlle Haag co-founder and CEO said. StarTalers was created in 2018 with the goal of making finance more inclusive, and in particular helping women to make a positive environmental or social impact through their investments. According to Haag, women in Europe have around €580bn in assets which are not being invested, largely because women feel excluded …
In its 6th Women in the Boardroom survey released on Monday, Deloitte reports “a now-familiar challenge: women are largely under-represented on corporate boards, and progress to change this trend continues to be slow”. Women held 16.9% of board positions in the 8,648 companies in 49 countries that were surveyed, according to the report. That represents growth of just 1.9% since the last edition of the report in 2017. The figures for women holding board chair positions were more striking at 5.3%, and females held just 4.4% of CEO roles globally. In Luxembourg, “the number of board seats held by women declined by nearly 3 percent”, according to the report. A total of 33 women--or 12%--were counted in the 36 companies Deloitte analysed in the grand duchy. In those same companies, there were zero female CEOs. According to Deloitte, the highest …