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2020 Mercer Cost of Living Survey - rankingComparing the cost of living in different cities is not an easy task as many factors influence. Mercer’s Cost of Living Survey studies factors such as currency fluctuations, cost inflation of goods and services and instability of accommodation prices, which it deems essential for determining the cost of expatriate packages for employees on international assignments.

Highest cost of living

Hong Kong tops the list of most expensive cities for expatriates, followed by Ashgabat, Turkmenistan in second position. Tokyo and Zurich remain in third and fourth positions, respectively, whereas Singapore is in fifth, down two places from last year. New York City ranked sixth, moving up from ninth place.

Competitive cost levels in Luxembourg

Three European cities, all located in Switzerland, are among the top 10 list of most expensive locations: Zurich (4) remains the most costly European city, followed by Bern (8) and Geneva (9).

Luxembourg is ranked 83rd, which is low compared to cities in neighbouring countries. Paris ranks 50th, Amsterdam 64th, Munich 72nd and Frankfurt 76.

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Luxembourg’s Circular by Design Challenge to go international

07-05-2021

The first edition of the Circular by Design Challenge came to an end on 29 April 2021, when the winners were announced by Minister of the Economy Franz Fayot. Its next edition, to be launched in autumn 2021, will be open to international creatives and partner companies.
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Luxembourg passport ranks 4th in global mobility rating

07-05-2021

The Luxembourg passport is placed 4th in the Henley Passport Index, which analyses the number of destinations passport holders can access without the need for a visa.
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EuroHPC headquarters inaugurated in Luxembourg

05-05-2021

Luxembourg hosts the European High Performance Computing Joint Undertaking (EuroHPC JU), a joint initiative of the EU, European countries and private partners with the mission of developing a world-class supercomputing ecosystem in Europe. Its headquarters was officially inaugurated on 3 May 2021.
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Luxembourg’s Product Circularity Data Sheets on the way to becoming an international standard

04-05-2021

Luxembourg is at the forefront of developing data-related standards that will drive the clean technologies of the future. ISO has just decided to make Luxembourg’s Product Circularity Data Sheet (PCDS) initiative a future ISO / NP 59040 standard – a major step forward towards becoming an internationally recognised standard.
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Architecture and art in Kirchberg

03-05-2021

Are you interested in art and architecture? Take a stroll through Luxembourg's business district Kirchberg or join a guided tour to discover modern works of art and contemporary buildings.
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