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Index of Economic Freedom 2019 - rankingLuxembourg is ranked 9th among 44 European countries in the 25th edition of the Index of Economic Freedom published by the Heritage Foundation. Its overall score is above the regional and world averages. The index defines an economically free society as one where “individuals are free to work, produce, consume, and invest in any way they please. In economically free societies, governments allow labor, capital, and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself”.

According to the study, economic competitiveness is sustained in Luxembourg by an open market system with solid institutional foundations. The legal system is independent and free from corruption. It protects property rights and upholds the rule of law. Entrepreneurial activity is encouraged by high levels of regulatory transparency and efficiency.

Luxembourg’s performance in the twelve subcategories of the study is as follows:

  • “Rule of law”: property rights (83,0), judicial effectiveness (72,4), government integrity (85,8) ;
  • “Government size”: tax burden (65,4), government spending (46,6), fiscal health (98,9) ;
  • “Regulatory efficiency”: business freedom (68,8), labor freedom (45,9), monetary freedom (82,6) ;
  • “Market openness”: trade freedom (86,0), investment freedom (95,0), financial freedom (80,0).

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ArcelorMittal develops 3D-printed ventilator prototype

01-04-2020

Many companies are currently using their innovative capabilities to help alleviate the COVID-19 sanitary crisis. The R&D team of ArcelorMittal has developed a protoype for a 3D-printed ventilator which, if successfully tested, could be produced rapidly.
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COVID-19: Mobilisation of R&D at all levels

01-04-2020

Faced with the global COVID-19 pandemic, institutional and private players in research, development and innovation are stepping forward. The first results are already tangible.
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Luxembourg Trade & Investment Offices remain open

27-03-2020

Despite the restrictive measures put in place in a high number of countries across the world to combat the COVID-19 pandemic, all Luxembourg Trade & Investment Offices remain open to companies interested in finding out more about doing business in and with Luxembourg.
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Luxembourg launches unprecedented economic stabilisation programme

27-03-2020

In response to the economic challenges arising from the coronavirus crisis, the Luxembourg government announced on 25 March 2020 the launch of a massive stabilisation programme for the national economy. Measures for a total of €8.8 billion will help companies face the immediate shortage of cash and maintain employment.
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Fit 4 Start - Edition #10 postponed

20-03-2020

Luxinnovation and the Luxembourg Ministry of the Economy regret to announce the postponement of the spring 2020 edition of the Fit 4 Start programme.
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