Luxembourg’s investor appeal surges
72% of senior executives surveyed by EY plan to invest in Luxembourg within the next year. The country also remains the top destination for FDI projects per capita.
Tag: Economy
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Eurostat: Government debt up to 88.7% of GDP in euro area
Eurostat: Government debt up to 88.7% of GDP in euro area
Carlo’s Thelen blog on ‘Competitiveness: Tomorrow will be too late’
Carlo’s Thelen blog on ‘Competitiveness: Tomorrow will be too late’
ATOZ: New tax package to strengthen Luxembourg’s attractiveness
On 17 July 2024, during a press conference, Finance Minister Roth presented a new tax package titled “Relief Package. Unity. Future. For Everyone”. A draft law implementing this new tax package was presented to Parliament on the same day.
Clear slowdown in construction prices
Between October 2023 and April 2024, the trend in residential construction prices continued to slow, with a modest half-year rise of 0.5%. https://statistiques.public.lu/en/actualites/2024/stn29-24-construction.html
U.S. Releases the 2024 Luxembourg Investment Climate Statement
On July 17, the U.S. Department of State released the 2024 Investment Climate Statements (ICS), offering current, detailed insights into the investment environments of over 160 foreign markets, including Luxembourg.
PR: Luxembourg Future Fund 2 Announces Equity Investment into Lyten
The Luxembourg Future Fund 2 (LFF2) and Lyten announce that LFF2 has made an equity investment into Silicon Valley based Lyten, the supermaterial applications company and global leader in Lithium-Sulfur battery technology.
Calling for a more open trade policy
On Monday, 15 July, a coalition of 31 leading European business associations came together to call for an ambitious and open trade policy to support the EU’s competitiveness and economic prosperity. https://www.amchameu.eu/news/calling-more-open-trade-policy
Fitch Ratings and Scope Ratings confirm Luxembourg’s top ‘AAA’ rating with stable outlook
On 24 May 2024, the rating agencies Fitch Ratings and Scope Ratings confirmed the Grand Duchy’s ‘AAA’ rating with a ‘stable’ outlook.
Chronicle: Fernand Ernster Reelected Luxembourg Chamber of Commerce President
On Tuesday 30 April 2024, the Luxembourg Chamber of Commerce held its Constituent Plenary Assembly, in the presence of Lex Delles, Luxembourg’s Minister of the Economy, SMEs, Energy and Tourism. Members of the Plenary Assembly unanimously reelected Fernand Ernster as President of the Luxembourg Chamber of Commerce.
ArcelorMittal reports fourth quarter and full year 2023 results
ArcelorMittal reports fourth quarter and full year 2023 results.
RTL: Luxembourg leads in economic impact from foreign-controlled enterprises
A recent Eurostat report for 2021 highlights Luxembourg’s prominent position in the EU, with foreign-controlled enterprises contributing a staggering 55.5% to the nation’s economic value added, the highest in the bloc.
