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The ranking, which is established by IMD World Competitiveness Center, is based on 260 different indicators grouped together in four main categories:

  • economic performance
  • government efficiency
  • business efficiency
  • infrastructure

International investment and trade

Luxembourg’s high ranking in the economic performance category is mainly due to its high level of international investment (2nd place) and international trade (4th place). The country also ranks 8th in the business efficiency category, thanks to its excellent performance in terms of finance (3rd place) and productivity & efficiency (8th place).

Policy stability

Respondents of the Executive Opinion Survey, which is part of the study, were asked to select 5 indicators from a list of 15 that they perceived as key attractiveness factors of their economy. The three top factors for Luxembourg are the following:

  • Policy stability and predictability: 79%
  • Dynamism of the economy: 57%
  • Business-friendly environment: 56%

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Towards a world with driverless cars

14-08-2019

In the coming years, autonomous, driverless vehicles will take to the roads – a dramatic change, both for passengers of such cars and buses and for other drivers. With support from Luxinnovation, the Luxembourg Institute of Science and Technology (LIST) has set up a Horizon 2020 funded project studying how this mobility of the future will impact individuals, businesses and society.
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[VIDEO] Discover the cross-border digital testbed for autonomous and connected driving

13-08-2019

Extending 215 km across France, Germany and Luxembourg, the cross-border digital testbed for autonomous and connected driving is a pioneering partnership between three neighbouring countries. This video presents the opportunities offered to industry and academia to test innovative mobility solutions on public roads with several border crossings on the same day.
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Luxembourg's economic Mission to South Korea update

05-08-2019

Luxembourg’s economic mission to South Korea led by Deputy Prime Minister and Minister of the Economy, Etienne Schneider from 15 – 18 July, in association with the Luxembourg Chamber of Commerce and some of Luxembourg’s leading companies offered a wide range of opportunities to meet key decision makers and make contacts with leading business representatives.
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Luxembourg technology powers unique water treatment plant in Sweden

15-07-2019

Facing a lack of drinking water, the Swedish municipality of Mörbylånga has invested in a pioneering water treatment plant. The plant's ability to treat different streams of water, including pre-treated industrial water, is made possibly by technology provided by Luxembourg cleantech innovator APATEQ.
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Luxembourg launches open source data lake for space analytics

11-07-2019

As of 10 July 2019, Luxembourg is home to one of the world's largest data lakes for space data analytics. Spire Global, one of the world's largest space-to-cloud analytics companies, launches its open source data lake that is accessible free of charge to all start-ups, research institutes and public agencies in Luxembourg. The initiative is co-funded by the Luxembourg Space Agency.
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