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The Luxembourg government has officially submitted its bid to host the European Banking Authority (EBA). Thus Luxembourg follows a call for offers by the European Council published in June. A European capital, already home to the EU’s judicial and financial institutions, and the Euro area’s leading financial centre, Luxembourg is the natural choice to host the EBA.

Based in London, the EBA, together with the European Medicines Agency is directly affected by the decision of the UK to leave the European Union and will have to be located in a European Member State by March 2019, the date of the UK’s official withdrawal from the EU.

With its diverse banking industry covering the entire range of services from corporate & investment banking, private banking, custody and trustee services to fund management, listing and post-trading services, Luxembourg serves as the EU hub and competence centre for numerous international banks. It is therefore not surprising that Luxembourg ranks as the Euro area’s leading international financial centre (GFCI 2017). Not only does Luxembourg serve as a gateway to the EU market, but also as an international platform for European banks with a global reach.

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Local door openers for business

21-02-2020

Facilitating global trade is a key focus of the different players in Luxembourg’s diplomatic and economic network. Its members work hand in hand to ensure that doing business with and from Luxembourg is easy, transparent, and brings with it numerous advantages.
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Circuit Foil to invest €36.5 million in Luxembourg production facilities

20-02-2020

Copper foil manufacturer Circuit Foil will invest €36.5 million to increase the production capacity of its facilities in Wiltz in norther Luxembourg. A new building will house new machines as well as around 20 additional jobs.
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Luxembourg among top 10 locations for European expatriates

19-02-2020

Luxembourg ranks 9th in a recent listing on cities offering the best quality of life for Europeans abroad. The city thus keeps its place on the top 10 list.
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University and start-up to work on in-orbit satellite repairs

18-02-2020

The University of Luxembourg’s Interdisciplinary Centre for Security, Reliability and Trust (SnT) signed a partnership agreement with the space start-up LIFT ME OFF. The cooperation provides crucial research support for tackling future needs of autonomous in-orbit satellite repairs.
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Financing the cleantech transition

17-02-2020

Adequate financing is crucial for the transition to a sustainable, environmentally friendly economy, and one of the central topics that will be discussed at the 2020 Cleantech Forum Europe in Luxembourg on 18-20 May 2020. Luxembourg is a leading centre for green and sustainable finance. Key players will participate in the forum to share their experience and establish new partnerships.
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