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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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Sustainable mobility solutions: "Start-ups welcome"

28-11-2022

Facilitating smart, efficient and sustainable mobility is a major objective of the Luxembourg government. Crossroads Magazine spoke to the Deputy Prime Minister and Minister for Mobility and Public Works, François Bausch, about his plans for the future and the need for mobility innovation.
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Spearheading mobility innovation

21-11-2022

Luxembourg is determined to promote the use of innovative and sustainable mobility solutions. This commitment, combined with massive infrastructure and public transport investment as well as R&D and business partnership opportunities, make the country an excellent testbed for mobility innovation for the European market.
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Luxembourg maintains its AAA rating

15-11-2022

Credit rating agency DBRS Morningstar has once again awarded Luxembourg its AAA rating with a stable outlook, thereby confirming its belief in the country's growth and stable public finances.
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Luxembourg, a European testbed, at Smart City Barcelona

11-11-2022

Luxembourg is an interesting testbed for international companies with smart city solutions targeting the European market. Company executives looking for the right place to expand their European activities can learn more at the Smart City Expo World Congress in Barcelona on 15-17 November 2022.
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Ohmio Automotion Ltd expands to Luxembourg

08-11-2022

Self-driving bus shuttle manufacturer Ohmio Automotion Ltd, with roots in Australia and New Zealand, will open its first European office in Luxembourg. After winning a key contract with national railway company CFL, Ohmio will use Luxembourg as its base for addressing the growing demand for autonomous vehicles in Europe.
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