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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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GFCI: LUXEMBOURG AMONG TOP 3 FINANCIAL CENTRES IN THE EU

19-09-2018

Luxembourg is once again ranked as one of the top 3 financial centres in the EU, according to the latest edition of the Global Financial Centres Index 24, published today.Furthermore, at global level Luxembourg remains among the top financial centres likely to become more significant in the future.
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Luxembourg ranks 15th in Expat Insider study 2018

19-09-2018

Expat Insider is one of the world’s largest and most comprehensive surveys on life abroad based on 48 evaluating everyday expat life. In total, 18,135 expats from across the globe took part in the survey. They represent 178 nationalities and are living in 187 countries or territories.
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Fit 4 Start Selection & Graduation Day: more than 60 ICT and HealthTech start-ups in the spotlight

17-09-2018

A day full of fresh ideas and innovative projects; inspiring start-ups in the fields of ICT and Health Technologies present themselves. The next Fit 4 Start Selection & Graduation Day will take place on Thursday 4 October 2018 at Kinepolis Kirchberg and will allow the audience to discover 62 innovative start-ups.
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Successful take-off for the Luxembourg Space Agency

12-09-2018

This Wednesday, the Luxembourg Space Agency (LSA) was officially launched, with the aim of promoting the economic development of the Grand Duchy's space industry. A dedicated fund is also being set up, targeting an initial capital of 100 million euros to support the emergence of new space companies with innovative ideas and technologies.
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DBRS confirms Luxembourg triple A rating

12-09-2018

On 9th March 2018, the DBRS rating agency confirmed the retention of the Grand Duchy of Luxembourg's "AAA" rating, with a stable outlook.
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