News
The FM Global Resilience Index assesses the resilience of the business environment of almost 130 countries in order to help companies evaluate the risk of doing businesses in different locations. In its 2018 edition Luxembourg is on second place behind Switzerland and before Sweden. An additional reason for Luxembourg’s excellent ranking is the country’s attractiveness for companies seeking a continental European base following the United Kingdom’s vote to leave the EU.
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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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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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.
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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.
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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.
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