News

  The 25th edition of RestoDays will be held in Luxembourg from 13th to 22nd March. Affordable gastronomic lunches and dinners will be offered by 56 best restaurants. The 25th edition of RestoDays bears witness to the Dynamic nature of the restaurant sector in Luxembourg and the chefs’ desire to reveal their culinary know-how to […]

  Luxembourg officials have announced a plan to relocate the entire country to the Medditerrean Sea. It was initiated as part of a new rebranding effort to make Luxembourg more attractive, especially to people who come from warmer climates. The Chamber of Deputies voted 60-0 in favour of the move and Grand Duke signed it. […]

  – TRIGGERING THE PURCHASING POWER INDEX Last triggered in July 2018, it has been activated again on 1 January 2020. The annual inflation rate of the national consumer price index (NCPI) reached 1.7% in December 2019. As a result, all wages, salaries and pensions are automatically increased by 2.5%. – TELEWORKING French cross-border commuters […]

  More than 60 financial firms moving some operations to Luxembourg to insulate themselves from the effects of Brexit. Landlocked low-tax Luxembourg, a Grand Duchy in the heart of Europe, has a reputation for financial services — and discreet bankers. Luxembourg has already welcomed 65 firms owing to Brexit, ahead of Ireland on 64 and […]

  Ministry of Labour, Employment and the Social and Solidarity Economy has published details of the new minimum salaries in the Grand Duchy. Updates came into effect on 1 January 2020, following December’s rise in the consumer price index which triggered the automatic indexation. The 2.5% rise in salaries now means that the minimum monthly […]

  In December 2019, the Luxembourg Government and NorthStar Earth & Space signed a Letter of Intent to create a Centre of Excellence for Clean Space in Luxembourg. NorthStar and its innovation activities is promoting the safe and sustainable use of outer space for the benefit of all humanity. NorthStar will operate the Centre of […]

  Luxembourg will provide free public transport for the occasion of the New Year’s Eve and 1 January. Public transport will be free from 4 am on 31 December through to just before midnight on 1 January 2020. This will apply to all trains and buses, with the caveat that first class on trains remains […]

  The King and Queen of the Belgians concluded their state visit to Luxembourg on Thursday. King Philippe and Grand Duke Henri signed 23 commercial agreements between Luxembourgish and Belgian businesses at the Chamber of Commerce. Not long after, the Belgian sovereigns and Grand Duke Henri visited the Camille Gira Nature Centre and Biodiversum Forest […]

  The average monthly pension in Luxembourg is €3,862.75 gross Figures concerning pension sums in Luxembourg were released by Minister of Social Security Romain Schneider in response to a parliamentary question. 35,050 individuals receive a full pension, receiving an average of €3,862 gross per month. As for the remaining 63,420 individuals receiving a pension in […]

  FM Global, one of the biggest mutual insurance companies, has released their 2019 Global Resilience Index. This index ranks 130 countries and territories by the resilience of their business environments, based on economic factors, risk quality and supply chains. Once again, Luxembourg’s steady economic growth has been rewarded, this year with a 7th place […]