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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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Entering the metaverse market

02-02-2023

Often considered as the next iteration of the internet, the metaverse is expected to play a key role in the digital transformation of the economy. But is it just hype, or a trend with real substance? We spoke to Arnaud Lambert, Director Digital Transformation, and Sara Bouchon, Director Market Intelligence at Luxinnovation, to find out more.
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Launch of the Humanitarian Innovation Accelerator call for projects

01-02-2023

From today on, the call for projects of the Humanitarian Innovation Accelerator (HIA) will be open to national and international applications in order to promote innovative solutions in support of the global humanitarian sector. Applications can be submitted until 1 March 2023.
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“Break down the diversity barriers”

30-01-2023

Opening a first European office is a big step for many international companies that do not only need to handle business aspects, but also cultural and linguistical challenges. Toshihiko “Toby” Otsuka, CEO of Rakuten Europe, shares how this Japanese company managed to overcome such barriers when establishing its European headquarters in Luxembourg.
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“Revalidate your assumptions”

23-01-2023

Argentine digital health company ViewMind opened its European office in Luxembourg a few years ago. Mark Edwards, CEO, and Matias Shulz, COO of ViewMind, share their insights into key points to keep in mind for international companies that target the European market.
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Two first Luxembourg start-ups receive EIC Accelerator funding

19-01-2023

The European Commission recently announced that Arspectra and Circuli-ion have been awarded funding from the European Innovation Council (EIC) Accelerator. This is the most prestigious funding available for start-ups from the EU’s Horizon Europe programme. Luxinnovation supported the first-ever EIC Accelerator winners from Luxembourg during the application process.
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