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Take a highly integrated ecosystem of data, digital infrastructure, research centres, support organisations, innovation and cybersecurity expertise. Combine it with a business-oriented high performance computer and a firm ambition of setting up a national data exchange platform, and you have some of the key ingredients in Luxembourg’s rapidly developing data economy.

“These factors will make Luxembourg the place where companies can develop and test data solutions in a safe, secure environment with access to the world-class technology that our University and research institutions offer,” says Sasha Baillie, CEO of Luxinnovation, in her video introduction to the new edition of Crossroads Magazine. The Luxembourg Trade & Invest publication highlights the advantages of Luxembourg as a base for doing business in Europe.

This issue also features another sector where Luxembourg has demonstrated its pioneering outlook, namely in space. The country has become a well-recognised hub for commercial space activities in Europe. The magazine presents technologies developed by space companies and the new space resources innovation centre, ESRIC. Readers can also discover a venture capitalist’s take on the trends and opportunities for those interested in investing in space and interviews with company executives managing international business activities from Luxembourg.

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University of Luxembourg inaugurates fintech centre of excellence

29-03-2023

On 29 March 2023, the University of Luxembourg inaugurated its National Centre of Excellence in Financial Technologies. The interdisciplinary centre will focus on the technological challenges and opportunities of the financial industry.
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Year-on-year inflation lowest in Luxembourg

28-03-2023

Luxembourg recorded the lowest annual inflation rate in member states in January 2023, according to the figures published on 23 February by the statistical office of the European Union, Eurostat. The flash estimates for February released on 2 March also show that Luxembourg maintained the eurozone’s lowest inflation record.
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Mission to Latvia presents potential business opportunities

21-03-2023

A high-level business delegation comprising of 20 Luxembourg companies participated in the three-day official trade mission to Latvia, where an intensive economic and business programme was unpacked, with over 90 B2B meetings taking place on the side-lines. Luxinnovation’s Head of International Relations, Jenny Hällen Hedberg, underscored the effective collaboration between the organisers of the mission and key areas of interest that were identified as a result of interactions between Luxembourg-Latvian counterparts.
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How to succeed with your expansion into Europe: the experts’ top tips

14-03-2023

Some success factors for international companies wanting to expand into the European market are quite obvious: having the right product/market fit and an offering that suits the culture and behaviour of European customers and finding the right business partners, for example. Others are less evident, but can be at least as important. We put together 9 key points from Luxembourg-based experts with decades of experience of advising international businesses about their entry to Europe.
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Fortress, history, identity

10-03-2023

Art and history lovers can find their heart’s desire in Luxembourg City by walking along the so-called MuseumSmile, which is home to no less than seven museums.
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