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Eurostat confirmed that in contrast to most other EU countries, Luxembourg’s average age has stayed largely unchanged over the past decade.

Across the EU countries, the median age in 2022 ranged from 38.3 years in Cyprus, 38.8 in Ireland and 39.7 in Luxembourg to 48.0 years in Italy, 46.8 in Portugal and 46.1 in Greece. In total, 18 EU countries were below the EU’s median age.

In 2022, more than one fifth (21.1 %) of the EU population was aged 65 and over and half was older than 44.4 years.

According to a 2022 Eurostat study, Luxembourg has the second lowest number of inhabitants over the age of 65 in the entire EU, 14.5% as a proportion of its population, well below the EU average of 20.6%.

Luxembourg continues to attract a young and educated workforce

Luxembourg’s relatively young age structure compared to many other EU member states has been positively influenced by the significant number of immigrants arriving in recent years, many of whom are now of working age.

 

 

The country also continues to draw a young and educated workforce from various countries to fill its wide range of skilled jobs in the international finance sector, IT, healthcare, logistics, consulting and in EU and international organisations.

Attractive salaries and a high standard of living carry on attracting a steady flow of expats every year to the Grand Duchy.

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Entering the European market with ease

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In recent years, Luxembourg has emerged as a dynamic hub for innovation, boasting a robust ecosystem that encompasses a multitude of incubators, accelerators, specialised agencies, investors, and innovation hubs. This thriving ecosystem has played a pivotal role in nurturing and propelling numerous successful enterprises across diverse industries onto the global stage. Top executives leading some of Luxembourg’s key structures explain what the ecosystem offers and why this might just be the smartest and most cost-effective way for a soft-landing and to gain a foothold in foreign markets.
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Pioneering “gamified neuroscience” for brain disorders

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Luxembourg-based company Myelin-H is developing a revolutionary software technology for the remote monitoring and management of neurological disorders. The company’s CEO, Zied Tayeb, sheds light on the company’s mission to make a difference and how a personal story sparked the conception of his startup.
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Accessing the European healthtech market

22-11-2023

Healthtech solutions are subject to rather complex regulatory requirements guaranteeing health standards and protection in the EU. Luxembourg’s national innovation agency Luxinnovation manages a range of initiatives aimed at supporting healthtech companies from strategy development to European market access.
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On the road to personalised medicine

20-11-2023

In 2008, the Luxembourg government launched its Sciences and Health Technologies Action Plan to diversify its economy, nurture health technology innovation and stimulate the shift towards personalised medicine. Fifteen years later, the country is home to internationally renowned biomedical research centres and a growing community of healthtech companies focusing, in particular, on digital health, digital medical devices and in vitro diagnostics.
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Luxembourg’s rise to 2nd place in the IMD talent ranking

17-11-2023

In the 2023 IMD World Talent Ranking (WTR), Luxembourg moved up five spots to the second position. Its new ranking was influenced by its “strong performance” in the development of homegrown talents and access to an international talent pool.
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