search

The AAA rating by Fitch and DBRS Morningstar confirms once again the soundness and stability of the Luxembourg economy. The two rating agencies highlight the country’s significant budgetary room for maneuver which has been achieved thanks to the prudent fiscal policy of the past few years. This has given the government the freedom to react to the COVID-19 crisis by putting in place generous measures to support the economy.

Short recession

DBRS Morningstar and Fitch estimate that the recession brought by the pandemic will be significant, but less severe in Luxembourg than that in the Eurozone in general. In 2021, the economy is expected to recover to pre-crisis levels. The two rating agencies attest that, despite the difficult economic context, the fundamentals of the Luxembourg economy remain solid.

An attractive destination for investment

Regarding the months ahead, the agencies indicate that much uncertainty remains regarding the course of the COVID-19 pandemic and the pace of the economic recovery. However, despite this and the less favourable external environment, the agencies consider that Luxembourg should be able to manage the risks if the country continues its prudent political action in economic and financial matters. DBRS also recognises the efforts of the government in the field of tax transparency and believes that Luxembourg will remain an attractive destination for investments.

“I am pleased that the two rating agencies share the observation that Luxembourg is mobilising the necessary means to counter the economic effects of the COVID-19 crisis,” comments Minister of Finance Pierre Gramegna. They also attest that economic policy and the government’s prudent fiscal policy in recent years provides a pledge of confidence and makes it possible to reconfirm the maintenance of the best possible rating, namely the “AAA” rating with a stable outlook for the Grand Duchy.”

Read more

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.
Read more

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.
Read more

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

09-03-2023

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.
Read more

Luxembourg bags world’s best in talent attraction twice in a row

03-03-2023

Luxembourg’s reputation as the world’s top talent magnet has once again been acknowledged in the 2022 Global Talent Competitiveness Index. For the second year in a row, the Grand Duchy retained its no. 1 position for attracting talents and was ranked 11th out of 133 countries assessed in the index, making it one of the top performers globally.
Read more

Luxembourg’s AAA credit rating affirmed by Fitch and Scope

27-02-2023

Luxembourg retained its AAA rating with a stable outlook in the most recent Fitch and Scope ratings. Both credit rating agencies based their conclusions on Luxembourg’s high economic resilience, good governance indices, and robust public finances. Key takeaways from the rating agencies’ evaluation are detailed below.
Read more

Resources all news

Fermer