Eurostat's data also show that Luxembourg has the highest gross value added by services out of any EU country. A new statistics bulletin by Eurostat shows that Luxembourg is one out of only 7 EU countries where over 80% employment is in some form of service industry. At the top of the list is the Netherlands (83.8%), followed by the UK (82.4%), Belgium and Malta (both 81.3%), France (80.9%), Luxembourg (80.7%), and Denmark (80.5%). The EU-28 average is 74%. Luxembourg comes out on top when it comes to the gross value added by services, at a whopping 87.4%. The rest of the top-5 includes Malta (85.2%), Cyprus (84%), France (79.3%), and the UK (79.2%). The EU-28 average is 73.4%.
Navigate the risks and opportunities of doing business in 76 jurisdictions around the world. Setting up and running a business in a new jurisdiction is a challenge but with the right knowledge and support, companies can achieve their goals. Our index focuses on rules, regulations and penalties, accounting and tax, and hiring, firing and paying employees. Publications booklets Each jurisdiction has a different complexity profile, presenting specific challenges and opportunities.
The international growth of Talkwalker is the result of a success story that began with one visionary idea: the monitoring of online content. With the inception of Talkwalker, founders Thibaut Britz and Christophe Folschette have created a powerful social analytics tool that serves companies all over the world. It provides marketing insights and helps customers to protect and promote their brand.
Apple Pay officially launched in Hungary and Luxembourg today, enabling bank card holders there to use Apple's mobile payment system for iPhone, iPad, Mac, and Apple Watch wherever they see the contactless logo.
Luxembourg is ranked as the most open country for business in the world in the 2019 Best Countries study by U.S. News & World Report. The country is also considered as the third best country to headquarter a corporation.
Luxembourg funds saw both direct investor interest, as well as asset transfers from UK . Luxembourg benefited as nervous investors moved £30 billion (€35 billion) out of UK funds before Britain's initially scheduled March 29 departure from the European Union, according to new research. In March alone £5 billion of long-term investments flowed out of the UK to jurisdictions within the bloc, financial services research firm Morningstar found. "In the months leading up to the deadline, investors and fund families became increasingly worried over the impact of a unfavourable deal and its negative implications," Morningstar said. Luxembourg funds saw direct investor interest and the country was the primary beneficiary from UK fund groups transferring assets to vehicles domiciled in Europe. Fund managers like M&G Investments and Columbia Threadneedle have moved UK assets to Luxembourg funds since the Brexit referendum in …
The Luxembourg Trade and Investment Offices (LTIOs) build a strong network of economic ties with Luxembourg all around the world. Operating at the very heart of high-tech innovation, LTIO San Francisco is introducing pioneering companies to the diversity and resourcefulness of the Luxembourg business environment. LACC has met with the team of Consul General Pierre Franck to discuss the office’s mission and networking activities, innovation in Silicon Valley and the ambition of the American mindset.
Listings reach record high but net profit slumps Luxembourg's Stock Exchange is fighting to remain independent as a wave of consolidation among rival exchanges have made the company an obvious takeover target.
On 9 April 2019, Luxembourg deposited with the Organisation for Economic Cooperation and Development (“OECD”) its instrument of ratification of the Multilateral Instrument (“MLI”), after having passed the ratification law on 14 February 2019. Additionally, the Luxembourg tax administration has updated its list of new and ongoing double tax treaty negotiations, including the initialing of a new double tax treaty with Ghana and the long-awaited treaty with Argentina.