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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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Webasto invests in new production line in Luxembourg

26-05-2023

Automotive supplier Webasto has been present in Luxembourg since summer 2022 and is turning the facility here into its global centre of competence for smart glazing. The company is now investing in a new Luxembourg-based production line for high-tech glass. The ground-breaking ceremony was held on 24 May 2023.
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House of Sustainability opens in Luxembourg

23-05-2023

The House of Sustainability, which officially launched on 21 April 2023 as a one-stop shop for all sustainable development solutions in Luxembourg, offers and guides companies toward an all-inclusive service offering available in Luxembourg to support their sustainable transition. Companies of all sizes and from all sectors can benefit from a vast ecosystem of sustainable solution providers based in Luxembourg.
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Two Luxembourg start-ups supported by WomenTechEU

15-05-2023

In the framework of the WomenTechEU programme dedicated to innovative deep-tech projects led by women, two Luxembourg companies, supported by Luxinnovation, have received European financial aid.
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Luxembourg: Exceptionally open to business

15-05-2023

In April 2023, Adrian Trömel, Luxembourg’s Foreign Trade Advisor in Texas, co-organised a visit to Luxembourg for a group of Houston-based venture capital, private equity and real estate firms to explore how the Grand Duchy could help them reach the European market. The similar economic interests, including Luxembourg’s openness to business, services and resources for funds and companies looking to grow left a lasting impression on the delegation.
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Innovative companies in Luxembourg are supported by “a strong network”

10-05-2023

Maxime Delmée, Belgian CEO and co-founder of AM 4 AM, a startup specialised in the development of new materials for additive manufacturing and a graduate of the Fit 4 Start acceleration programme in Luxembourg, discusses his entrepreneurial experience in Luxembourg. He explains that Luxembourg’s openness to innovation and its support for startups was crucial to his company’s development.
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