October 2023 ISSUE #68

Connecting with strategic partners

International companies interested in exploring Luxembourg as a potential European location can count on the support of the Luxembourg Trade and Investment Offices (LTIOs). We spoke to Paul Steinmetz, Executive Director of LTIO New York, about what attracts US companies to Luxembourg and business synergies between the two countries.

ESRIC Start-up Support Programme welcomes the five new ventures

Launched in 2021, the Luxembourg-based Start-up Support Programme is the first worldwide incubation programme, entirely dedicated to the field of space resources utilisation.

Serveto expands its European presence with new subsidiary in Luxembourg

Earlier this year, Serveto incorporated a subsidiary in Luxembourg. With almost 70 years of expertise in providing versatile logistics solutions across Europe, it now also prides itself in being the first Spanish transporter to acquire and register trucks in the Grand Duchy.

EU innovation performance continues to improve

In the 2023 edition of the EU’s Innovation Scoreboard, Luxembourg maintains its position as a strong innovator performing above the EU average with a score of 117.2% and with a 1% improvement compared to 2022. The country is placed in the category of strong innovators.

We provide US companies with general and sector-specific information about Luxembourg’s political, economic and business environment. However, our real job is to help people make one-on-one connections.

Paul Steinmetz, Executive Director, Luxembourg Trade and Investment Office in New York

Luxembourg’s population is one of the youngest in the entire EU

According to the EU’s statistics agency Eurostat, the average age is under 40 surpassed only by Cyprus and Ireland.

Luxembourg among the world's top 20 most liveable cities

In the 2023 Global Liveability Index, Luxembourg came out 19th worldwide and 8th within the European cities cited.

Luxembourg living

The Moselle Valley is renowned for its picturesque vineyards and high-quality white wines, particularly Riesling, Pinot blanc and Pinot gris, Auxerrois and the sparkling wine Crémant de Luxembourg, made using the traditional champagne method. Whether you prefer dry or sweet, still or sparkling, it is highly likely that you will find a Moselle wine from Luxembourg to suit your taste.