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R&D budget per person 2020Supporting research and development is a priority in Luxembourg. Recent statistics by Eurostat show that the country is the highest spender for R&D in the European Union relative to its population. With €648 per person allocated in 2020, the country is on top of the podium which it shares with Denmark and Germany.

“Luxembourg’s commitment to investing in R&D is partly motivated by the fact that the research ecosystem is the main catalyst for the country to seize new opportunities for sustainable and responsible development,” comments Research Luxembourg. “Research Luxembourg generates the innovations that can improve the quality of life of tomorrow.”

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ESRIC Start-up Support Programme welcomes the five new ventures

19-09-2023

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.
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“Luxembourg exceeds my expectations”

12-09-2023

Korean start-up Posture AI addresses a common health problem: backpain. After developing its artificial intelligence solution using smart posture devices from its base in South Korea, the company has now chosen Luxembourg as its base for targeting the European market and moving forward with the data dimension of its products and services.
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New law introduced in Luxembourg to facilitate the hiring of skilled labour

05-09-2023

The new law simplifies the hiring of non-EU nationals and grants family members of third-country nationals holding a residence permit access to the labour market as soon as they arrive in Luxembourg.
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"Supporting the development of the start-up ecosystem in Luxembourg"

24-08-2023

Minister of the Economy, Franz Fayot, discusses the recent startup roadmap “From Seed to Scale” designed to support the ecosystem's continuous expansion as it navigates a new phase of maturity.
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Inflation in Luxembourg continues to rank among the EU’s lowest

22-08-2023

Luxembourg recorded the second lowest annual inflation rate in the EU, according to the latest July figures shared by the statistical office of the European Union, Eurostat.
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