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The Luxembourg Trade & Invest website frequently features articles on how Luxembourg performs in international rankings published by independent organisations. While each benchmark focuses on a specific topic, they provide a more comprehensive picture of the country when combined together.

Ability to safeguard the economy in crisis

A first characteristic that stands out is Luxembourg’s stable economy that is resilient to external shocks. It is constantly AAA rated by credit rating agencies Moody’s, Fitch and Standard & Poor, due to its economic resilience, solid public finances, and robust and transparent institutional framework. When Moody’s introduced environmental, social and governance (ESG) aspects in its assessment methodology, the agency pointed out that Luxembourg has a low exposure to environmental and social risks, high governance performance and a very high capacity to respond to shocks.

Luxembourg also ranked 3rd most resilient economy in the world in the 2021 FM Global Resilience Index. “This report, and several others, highlight how Luxembourg’s healthy economy and institutional stability have helped the country successfully weather the economic crisis triggered by the coronavirus pandemic,” says Lena Mårtensson, Senior Marketing & Communication Manager at Luxinnovation and the main content writer for Luxembourg Trade & Invest. “The strong financial position at the outset of the crisis meant that in spite of the massive support to keep the economy going, and all the investments done in healthcare, Luxembourg still has the 2nd lowest government debt rate in the EU.”

The Luxembourg government is also very pro-business.

“Luxembourg is one of only 4 or 5 AAA-rated countries in the EU. This creditworthiness leaves a margin that can be used for other activities to stimulate the economy,” comments Jenny Hällen Hedberg, who heads Luxinnovation’s International Business Development team. “Small, medium-sized and large companies have better long-term development and growth perspectives in AAA-rated countries. The Luxembourg government is also very pro-business, and there is a plethora of incentives oriented towards business expansion, for example through cooperation with research organisations.”

Luxembourg economy news: Stay updated

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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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