March 2022 ISSUE #51

“A fantastic welcome to the local ecosystem”

Israeli cybersecurity specialist SIGA OT Solutions recently announced the opening of its European HQ in Luxembourg. Crossroads spoke to COO Hagai Galili about why the company chose to come to Luxembourg, the country’s commitment to cybersecurity and innovation and the next steps forward.

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Strong public finances, AAA rating reconfirmed

After two years of the pandemic, the economic situation in Luxembourg remains favourable. The country enjoyed an economic growth of 7% in 2021, tax revenues increased by 16.3% and its AAA rating has been reconfirmed by three leading credit rating agencies.

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Digitalisation ministry and Uni to accelerate digital transformation

The Ministry for Digitalisation will benefit from the expertise of the Interdisciplinary Centre for Security, Reliability and Trust (SnT) to enhance the digital transformation of public administration. The first collaborative project will focus on digital identities.

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Fanuc Europe invests in its Luxembourg logistics centre

Factory automation world leader Fanuc Corporation acquires the logistics warehouse in Eurohub Centre that it has been renting since 2021. Its Luxembourg-based European HQ is also implementing an innovation project supported by the government.

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University of Luxembourg launches Finnovation Hub

The Finnovation hub will develop groundbreaking technologies needed for Luxembourg’s financial institutions to succeed with their digital transformation.

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Luxembourg participates in “Scale-up Europe”

The Scale-up Europe initiative is aimed at facilitating the access to financing for European companies in their growth phase. Luxembourg is one of 15 EU member states that support the initiative.

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The history between Fanuc and Luxembourg is rich and deep and we have always been able to count on the support and dynamism of the government. We are proud of our long-standing partnerships in Europe and we plan to continue to develop our activities.

Shinichi Tanzawa, CEO and President of Fanuc Europe

Luxembourg world’s 5th most global economy

The 2021 KOF Globalisation Index lists Luxembourg as the 5th most global economy in the world. It also puts the country 1st in the world for social globalisation.

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Luxembourg City wins 2022 Access City Award

The award, organised by the European Commission together with the European Disability Forum, highlights Luxembourg City’s achievements in becoming more accessible to persons with disabilities.

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Luxembourg living

Satellites communication specialist Alexandros Paschos saw an opportunity for his professional dreams to come true in Luxembourg. Meet one of the many highly skilled people who choose to work in Luxembourg.

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01/10/2021 to 31/03/2022

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