Luxembourg tied for first in lowest gender pay gap

18-01-2018

Back in 2000, the gender pay gap rate was at 15% for the Grand Duchy. 18 years later, a new research from the European Commission on the gender pay gap highlights Luxembourg as one of the lowest alongside Italy with a percentage of 5.5, while the European average is at 16.3%.

This new rate stands Luxembourg far ahead of it’s neighbors. The same study reveals that Belgium is at 6.5%, Germany at 22% and France at 15.8%. According to a previous study, made by PwC Woman in Wok Index, the Grand Duchy will be one of the first countries to fully bridge the gender pay gap by 2022, while pay equality will be achieve in Belgium in 2028 and in France in 2084.

Download the official study bellow.

University of Luxembourg inaugurates fintech centre of excellence

29-03-2023

On 29 March 2023, the University of Luxembourg inaugurated its National Centre of Excellence in Financial Technologies. The interdisciplinary centre will focus on the technological challenges and opportunities of the financial industry.
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Year-on-year inflation lowest in Luxembourg

28-03-2023

Luxembourg recorded the lowest annual inflation rate in member states in January 2023, according to the figures published on 23 February by the statistical office of the European Union, Eurostat. The flash estimates for February released on 2 March also show that Luxembourg maintained the eurozone’s lowest inflation record.
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Mission to Latvia presents potential business opportunities

21-03-2023

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

14-03-2023

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

10-03-2023

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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