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Economic freedom index 2018

Luxembourg’s economic freedom score is 76.4, making its economy the 14th freest in the 2018 Index. Its overall score has increased by 0.5 point, with improvements in scores for the government spending, labor freedom, and monetary freedom indicators offsetting declines in property rights and trade freedom. Luxembourg is ranked 7th among 44 countries in the Europe region, and its overall score is above the regional and world averages.

Luxembourg’s competitiveness

Luxembourg is one of the world’s wealthiest countries. It has one of the eurozone’s highest current account surpluses as a share of GDP, maintains a healthy budgetary position, and has the region’s lowest level of public debt. Economic competitiveness is sustained by the solid institutional foundations of an open-market system. The judiciary, independent and free of corruption, protects property rights and upholds the rule of law. High levels of regulatory transparency and efficiency encourage entrepreneurial activity.

Luxembourg economic freedom        

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Luxembourg ranked 2nd worldwide in the latest 2018 Innovation efficiency ratio

12-07-2018

The major Global Innovation Index strengths of Luxembourg are the Innovation Efficiency Ratio, where the country ranks 2nd in the world, and the Innovation Output Sub-index, positioning Luxembourg 4th globally.
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EEN Luxembourg: 10 years supporting and advising companies

12-07-2018

The unique European network dedicated to the internationalisation and innovation of companies, SMEs and VSEs celebrated its 10th anniversary Monday 09 July 2018, in front of 250 guests from the business, economic and political world. This is an opportunity to recall how sharing and exchange of ideas can be major contributors to the development of companies, whatever their size.
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ICT and health tech start-ups: Apply now for Fit 4 Start

09-07-2018

Are you launching a start-up and determined to succeed? Luxembourg’s acceleration programme Fit 4 Start offers you intensive coaching, attractive pre-seed funding and access to key networks. The next edition will accept 10 start-ups in the field of ICT and another 5 specialising in health technologies.
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CarPay-Diem mobile payment solution spotted by Volkswagen

06-07-2018

Created two years ago, Luxembourg start-up CarPay-Diem offers a mobile payment solution for the (many) motorists who refuel at petrol stations. The company was discovered by the German group Volkswagen during the last Cebit trade fair in Hanover, and has, as a result, been offered a six-month stay at Die Gläserne Manufaktur, the group’s innovation incubator based in Dresden.
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Blast furnace celebration

06-07-2018

Belval, the site of Luxembourg’s last blast furnaces and today home to the country’s City of Sciences, Research and Innovation, hosted its annual blast furnace party this weekend. Visitors could enjoy concerts, dance shows, workshops and performances by street artists and acrobats with the country’s industrial heritage as a spectacular backdrop.
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