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According to the latest edition of the “Luxembourg Business Compass”, an annual report published by KPMG since 2009, Luxembourg’s business leaders are very optimistic about the economy, with an all-time high level of 2.3 (on our -5 to +5 scale) since the inception of the LBC back in 2009. In this respect, Luxembourg’s business leaders are aligned with a recent KPMG worldwide CEO Survey in terms of overall optimism. Interestingly however, while in Luxembourg optimism has increased since last year, the opposite tendency is observed at the international level.

The optimism about Luxembourg’s economy translates directly to the individual company level, where increases are foreseen for the next 6 months on all indicators: turnover (+5.2%), profitability (+4.3%), recruitments (+2.7%) and investments (+6.3%). In relation to investments, areas of particular focus are IT and digitalization as well as new products and services.

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Sienza Energy develops European HQ in Luxembourg

30-11-2022

Californian start-up Sienza Energy develops high-energy batteries that could be a radical game changer for electric vehicles. Supported by Luxinnovation, the company has chosen to locate its European HQ in Luxembourg with the ambition to perform key R&D activities. It hopes to open a pilot plant for its eco-friendly batteries here in the next few years.
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Luxinnovation and South Korean KAIST GCC to cooperate

28-11-2022

Luxinnovation signed a Memorandum of Understanding with the Global Commercialization Center of Korea Advanced Institute of Science and Technology (KAIST GCC) on 28 November 2022. The main objective is to facilitate business and investment opportunities for South Korean companies in Luxembourg.
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Sustainable mobility solutions: "Start-ups welcome"

28-11-2022

Facilitating smart, efficient and sustainable mobility is a major objective of the Luxembourg government. Crossroads Magazine spoke to the Deputy Prime Minister and Minister for Mobility and Public Works, François Bausch, about his plans for the future and the need for mobility innovation.
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Spearheading mobility innovation

21-11-2022

Luxembourg is determined to promote the use of innovative and sustainable mobility solutions. This commitment, combined with massive infrastructure and public transport investment as well as R&D and business partnership opportunities, make the country an excellent testbed for mobility innovation for the European market.
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Luxembourg maintains its AAA rating

15-11-2022

Credit rating agency DBRS Morningstar has once again awarded Luxembourg its AAA rating with a stable outlook, thereby confirming its belief in the country's growth and stable public finances.
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