July 2020 ISSUE #33

Luxembourg one of Europe’s innovation leaders

The European Innovation Scoreboard, published by the European Commission, ranks Luxembourg among the EU’s innovation leaders. The main reason is the country’s attractive and efficient research ecosystem.

How to set up a business in Luxembourg: 8 simple steps

A new version of "How to set up a business in Luxembourg" has just been released. The guide provides information for international company executives on business permits, legal forms, immigration, financing, taxation and social security as well as on settling down and education in Luxembourg.

Luxembourg: Effective management of the COVID-19 health crisis

A total of 110 coronavirus-related deaths, no new COVID-19 victims since 26 May and, in spite of massive testing, new infections detected per day since mid-May counted in single or double digit numbers: Luxembourg seems to have been successful in its attempts to curb the epidemic.

Coronavirus: Impact on the Luxembourg economy

In line with large parts of the world, the coronavirus lockdown in Luxembourg has considerably impacted the country’s economy. The government has mobilised massive resources to support business, and forecasts that the 2020 recession will be followed by substantial growth in 2021.

Using space power technology for clean energy on Earth

Maana Electric has developed a revolutionary technology for producing solar panels from sand. Attracted by Luxembourg's support to the new space sector, the start-up is developing a cost-effective, clean way of producing solar energy for Earth as well as space.

European DESI Index: Luxembourg in 10th position

The Digital Economy and Society Index (DESI), measured by the European Commission since 2014, is a good indicator of the progress made by Member States in the digital domain. Luxembourg is well above the European average, particularly in the area of connectivity where it ranks 3rd.

Luxembourg featured at major Korean start-up event

Luxembourg was in the spotlight at NextRise 2020 Seoul, a major start-up conference and exhibition held on 23-24 June. A dedicated session presented Luxembourg’s commitment to enabling innovation and the country’s strategy for boosting digital innovation.

Benchmarks

Luxembourg ranks as 2nd most sustainable country in the world

Luxembourg has 12th best young university in the world

Cost of living: Luxembourg remains affordable

Take your bike to Luxembourg this summer

Luxembourg might be a small country, but it has a wide variety of nature with breath-taking scenery that can best be enjoyed by foot or by bike. Several initiatives make it even more fun and easy to discover Luxembourg by bicycle this summer.