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DBRS views the ongoing diversification of Luxembourg’s small economy as favourable. Luxembourg remains both highly resilient
and attractive as an investment destination, supported by its highly skilled workforce, competitive tax and legal frameworks
and political stability. Although the country has a relatively limited degree of economic diversification, with the financial sector
accounting for 24% of gross value added (GVA), policy efforts to diversify the economy away from the financial sector to other high
value-added industries continue to advance.

Five key priority business sectors

The government began its policy of economic diversification in 2004, identifying five key priority sectors:

Investment in these areas helped Luxembourg develop a strong technological infrastructure. The country is the European leader in digital skills. In the satellite industry, Luxembourg is among the top ten countries in the world with an active space presence.

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Trail-blazing Industry 4.0

11-11-2019

When Husky Injection Molding Systems decided to implement a major Industry 4.0 project, its production site in Luxembourg was chosen to lead the way. The company's pioneering R&D project has resulted in a completely digitalised production process.
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First direct cargo train from China arrived

04-11-2019

The first direct cargo train linking the Chinese city of Chengdu with the logistics hub in Bettembourg in southern Luxembourg arrived on 1 November.
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Luxembourg signs two new international partnerships on space

23-10-2019

NASA and the Luxembourg Space Agency (LSA) will explore different areas to identify collaboration opportunities. LSA will also cooperate with the German Aerospace Centre on research related to space resources utilisation.
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A Luxembourg base for medical exoskeletons

22-10-2019

ExoAtlet offers paralysed people the opportunity to walk again. The Russian start-up has chosen Luxembourg as the new location of its headquarters in order to target the European rehabilitation market.
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Luxembourg to set up space resources innovation centre

22-10-2019

Over time, the objective is to expand the centre further in collaboration with the European Space Agency and give it a European and even international scope.
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