According to the latest edition of the “Luxembourg Business Compass”, an annual report published by KPMG since 2009, Luxembourg’s business leaders are very optimistic about the economy, with an all-time high level of 2.3 (on our -5 to +5 scale) since the inception of the LBC back in 2009. In this respect, Luxembourg’s business leaders are aligned with a recent KPMG worldwide CEO Survey in terms of overall optimism. Interestingly however, while in Luxembourg optimism has increased since last year, the opposite tendency is observed at the international level.

The optimism about Luxembourg’s economy translates directly to the individual company level, where increases are foreseen for the next 6 months on all indicators: turnover (+5.2%), profitability (+4.3%), recruitments (+2.7%) and investments (+6.3%). In relation to investments, areas of particular focus are IT and digitalization as well as new products and services.

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New healthtech business developer joins Luxinnovation


The international business development team at national innovation agency Luxinnovation informs and guides international companies considering Luxembourg as a potential location for their European offices. On 1 March 2023, Régis Ciré joined the team and took on the role of supporting healthtech businesses.
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Mission to Latvia presents potential business opportunities


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


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


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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University of Luxembourg ranks 4th worldwide for its high international outlook


The University of Luxembourg was ranked among the top 250 universities in the world in the Times Higher Education World University Rankings 2023. The multicultural and research-oriented university in Luxembourg, comprised of over 50% of foreign students, was ranked fourth in the world for its international outlook.
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