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The Luxembourg government has officially submitted its bid to host the European Banking Authority (EBA). Thus Luxembourg follows a call for offers by the European Council published in June. A European capital, already home to the EU’s judicial and financial institutions, and the Euro area’s leading financial centre, Luxembourg is the natural choice to host the EBA.

Based in London, the EBA, together with the European Medicines Agency is directly affected by the decision of the UK to leave the European Union and will have to be located in a European Member State by March 2019, the date of the UK’s official withdrawal from the EU.

With its diverse banking industry covering the entire range of services from corporate & investment banking, private banking, custody and trustee services to fund management, listing and post-trading services, Luxembourg serves as the EU hub and competence centre for numerous international banks. It is therefore not surprising that Luxembourg ranks as the Euro area’s leading international financial centre (GFCI 2017). Not only does Luxembourg serve as a gateway to the EU market, but also as an international platform for European banks with a global reach.

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Esch-Schifflange: the city of the future begins to emerge

17-07-2018

As part of the national project for regeneration of more than 60 ha of Arcelor Mittal brownfields in Esch-Schifflange, with the aim of creating an eco-district, the Agora development company tasked Luxinnovation with initiating a process to identify innovative technologies, services and products. The first brainstorming session was held at the beginning of July.
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Salonkee brings beauty salons into the digital future

16-07-2018

Salonkee is disrupting the hair- and beauty sector by digitalising hairdressers, masseurs and beauty salons with innovative and highly effective software solutions. We provide salons with anything from online bookings, automated appointment reminders, a smart digital calendar, a point-of-sale and stock management, bringing them into the future and making them much more competitive as opposed to “old-fashioned” pen & paper salons.
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Luxembourg ranked 2nd worldwide in the latest 2018 Innovation efficiency ratio

12-07-2018

The major Global Innovation Index strengths of Luxembourg are the Innovation Efficiency Ratio, where the country ranks 2nd in the world, and the Innovation Output Sub-index, positioning Luxembourg 4th globally.
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ICT and health tech start-ups: Apply now for Fit 4 Start

09-07-2018

Are you launching a start-up and determined to succeed? Luxembourg’s acceleration programme Fit 4 Start offers you intensive coaching, attractive pre-seed funding and access to key networks. The next edition will accept 10 start-ups in the field of ICT and another 5 specialising in health technologies.
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CarPay-Diem mobile payment solution spotted by Volkswagen

06-07-2018

Created two years ago, Luxembourg start-up CarPay-Diem offers a mobile payment solution for the (many) motorists who refuel at petrol stations. The company was discovered by the German group Volkswagen during the last Cebit trade fair in Hanover, and has, as a result, been offered a six-month stay at Die Gläserne Manufaktur, the group’s innovation incubator based in Dresden.
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