search

July 2023 inflation figures Annual inflation in Luxembourg this July was back at 2%, mirroring the figures observed in May 2023 when it had the lowest inflation rate in the EU.

The countries with the lowest annual rates were Belgium (1.7%), followed by Luxembourg and then Spain (2.1%). Conversely, Hungary (17.5%) had the highest rate, while Slovakia and Poland both shared a rate of 10.3%.

Compared to July 2022, when inflation was at 9.3% in Luxembourg, the current rate aligns with the European Central Bank’s 2% target.

Inflation in Luxembourg well below the EU average

The annual inflation rates in the eurozone and the European Union have also been on the decline. The former stood at 5.3% in July 2023, down from 8.9% a year prior and 5.5% the previous month. Similarly, the EU’s inflation rate has decreased to 6.1% compared to 9.8% last year.

Photo credit: Shutterstock

Read more

Entering the Luxembourg market with ease

29-11-2023

In recent years, Luxembourg has emerged as a dynamic hub for innovation, boasting a robust ecosystem that encompasses a multitude of incubators, accelerators, specialised agencies, investors, and innovation hubs. This thriving ecosystem has played a pivotal role in nurturing and propelling numerous successful enterprises across diverse industries onto the global stage. Top executives leading some of Luxembourg’s key structures explain what the ecosystem offers and why this might just be the smartest and most cost-effective way for a soft-landing and to gain a foothold in foreign markets.
Read more

Pioneering “gamified neuroscience” for brain disorders

27-11-2023

Luxembourg-based company Myelin-H is developing a revolutionary software technology for the remote monitoring and management of neurological disorders. The company’s CEO, Zied Tayeb, sheds light on the company’s mission to make a difference and how a personal story sparked the conception of his startup.
Read more

Accessing the European healthtech market

22-11-2023

Healthtech solutions are subject to rather complex regulatory requirements guaranteeing health standards and protection in the EU. Luxembourg’s national innovation agency Luxinnovation manages a range of initiatives aimed at supporting healthtech companies from strategy development to European market access.
Read more

On the road to personalised medicine

20-11-2023

In 2008, the Luxembourg government launched its Sciences and Health Technologies Action Plan to diversify its economy, nurture health technology innovation and stimulate the shift towards personalised medicine. Fifteen years later, the country is home to internationally renowned biomedical research centres and a growing community of healthtech companies focusing, in particular, on digital health, digital medical devices and in vitro diagnostics.
Read more

Luxembourg’s rise to 2nd place in the IMD talent ranking

17-11-2023

In the 2023 IMD World Talent Ranking (WTR), Luxembourg moved up five spots to the second position. Its new ranking was influenced by its “strong performance” in the development of homegrown talents and access to an international talent pool.
Read more

All news

Close