search

Global Financial Centres Index 28 - September 2020 - indexLuxembourg has once again been ranked as a leading European and global financial centre according the latest edition of the Global Financial Centres Index 28. The index is published by China Development Institute (CDI) in Shenzhen and Z/Yen Partners in London. It provides evaluations of future competitiveness and rankings for 111 major financial centres around the world.

Number 1 in the EU – number 12 in the world

The study ranks Luxembourg as the 12th most important financial centre in the world. The country improves its position by 6 places compared to the previous edition. The ranking is topped by New York, London and Shanghai.

Luxembourg is ranked as number one in the EU, followed by Edinburgh (#13) , Frankfurt (#16) and Paris (#18).

Outstanding financial expertise

The study is based on 138 criteria, grouped into five main categories: business environment, human capital, infrastructure, financial sector development and reputation.

Luxembourg stands out for its financial expertise in particular and is ranked 4th in the category “human capital” after New York, London and Hong Kong.

Professional services, insurance, investment management

The study has also established sub-indexes for various activities of the financial sector, and Luxembourg regularly appears among the best:

  • Professional services – #3
  • Insurance – #4
  • Investment management – #6
  • Government & regulatory – #7
  • Trading – #7
Photo: © Luxinnovation / Sabino Parente

Read more

Facilitating data exchange for innovation

16-10-2020

Data is one of the most precious assets in today’s information society. In a keynote address given at the final of the EU Datathon competition on 15 October 2020, Luxinnovation’s CEO Sasha Baillie spoke about the enormous value that can be derived from data and the need for establishing accessible, high-quality, secure data exchange platforms.
Read more

New Fit 4 Start graduates and participants announced

15-10-2020

Minister of the Economy Franz Fayot and Sasha Baillie, CEO of Luxinnovation, announced on 15 October the names of the 20 start-ups that have been selected for participation in the 10th edition of the Fit 4 Start acceleration programme. The minister also summarised the results of the programme, 5 years after its launch.
Read more

Luxembourg among the first signatories of the Artemis Accords

14-10-2020

Luxembourg became a founding member of the Artemis Accords when Minister of the Economy Franz Fayot signed the Accords on behalf of the country. The objectives of the NASA-led programme include sending the first woman and next man to the surface of the Moon in 2024.
Read more

New Luxembourg Trade & Investment Office opens in Casablanca

06-10-2020

The international network of Luxembourg Trade & Investment Offices (LTIOs) has been extended with a new office in Casablanca, Morocco. The LTIO will support Luxembourg companies with doing business in North Africa and help foreign companies interested in developing their activities in Luxembourg.
Read more

Luxembourg has the world's 5th fastest internet

06-10-2020

According to research designed and compiled by Cable.co.uk, Luxembourg has the world's 5th fastest internet. The mean download speed exceeds the global average by close to 500%.
Read more

All news

Fermer