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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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Developing technology for industry

24-06-2022

Supporting businesses with their R&D projects and helping them speed up prototyping and market introduction is central for the Luxembourg Institute of Science and Technology (LIST). LIST’s Sustainable Biotech Innovation Centre cooperates with companies on their development of bio-based products and bioprocesses.
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Industry-oriented research: the synergy approach

21-06-2022

Performing research in close collaboration with companies is essential for Luxembourg’s research institutes. We spoke to Professor Djamila Aouada at the University of Luxembourg about how the expertise of her team can support industry and their motivation to work in partnership with the private sector.
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Where research excellence and innovation go hand in hand

16-06-2022

In a few decades, Luxembourg has built a competitive research ecosystem with a strong orientation towards innovation. The government promotes science as a way to rise to economic and societal challenges, and the Luxembourg National Research Fund (FNR) provides funding that stimulates research excellence and builds bridges with the private sector.
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Learning maths the digital way

13-06-2022

Digital education start-up Magrid reflects both Luxembourg’s digital expertise and its highly international population. Magrid’s innovative digital solution that helps children improve their cognitive, visual-spatial, and mathematical abilities without requiring them to speak any specific language attracts much interest from abroad. The company now uses Luxembourg as the base for its international expansion.
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Luxembourg attracts foreign direct investment

13-06-2022

After two years with less incorporations due to the COVID-19 pandemic, foreign direct investment is picking up speed again. We spoke to Jenny Hällen Hedberg, Head of International Business Development, and Jean-Michel Ludwig, Director Business Development at Luxinnovation, about the developments in Luxembourg and why international companies come here.
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