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Asian cities top the list of the most expensive places to live in 2019: Hong Kong, Tokyo, Singapore and Seoul are on the first four places, followed by Zürich in Switzerland. Ranked 71th in 2018, Luxembourg is 84th this year – not necessarily an indication that costs here have gone down, but possibly that costs have increased more in other places.

Mercer’s study of the cost of living includes over 200 cities across the world. It is based on parameters such as the price of rent, food, transport, tobacco, services and health care. The objective is to demonstrate how currency fluctuation and shifts in the prices of goods and services can affect the purchasing power of expatriate employees.

Most expensive European cities

Three Swiss cities are considered as the most expensive in Europe. Zurich, Bern and Geneva. Copenhagen, London, Dublin, Milano, Paris, Vienna and Rome are also on the top 10 list. Luxembourg only just about makes it into the European top 20.

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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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People and partnerships key to success

16-01-2023

In late 2017, San Francisco-based global space-based data, analytics and space services provider Spire opened its Luxembourg office to increase its European footprint. We spoke to John Lusk, COO of Spire Maritime, about what he sees as the main success factors and pitfalls to be avoided for international companies expanding to Europe.
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