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The IMD World Competitiveness Centre considers a skilled and educated workforce as a key factor for enhancing the competitiveness and long-term prosperity of a country, in particular in view of the rapidly increasing use of artificial intelligence, robotics and other new technologies. In the IMD World Talent Ranking 2018, the Centre studies the ability of 63 economies to develop local talent and attract staff from other countries with a focus on three main factors:

  • Investment and Development, which measures the resources committed to cultivating home-grown human capital
  • Appeal, which evaluates the extent to which a country attracts foreign talent and retains professionals from the local talent pool
  • Readiness, which quantifies the quality of the skills and competencies available in the country

Excellent capacity to appeal to talent

IMD attracting talent rankingLuxembourg performs particularly well in the category “Appeal” and ranks 4th among all countries included in the study. The country offers attractive remuneration of management as well as in services professions, attracts foreign highly skilled personnel to its business environment and is not hindered by brain drain. Attracting and retaining talents is a high priority for companies. The high quality of life is also worth mentioning.

International skills

Luxembourg also ranks very well in terms of “Readiness” (11th place). Its labour force growth is second in the world. The language skills of staff is also outstanding and senior management has significant international experience.

The country is in 18th place in the “Invest and Development” category. Nevertheless, its pupil-teacher ratio in primary education ranks 4th in the world. Employee training is also a high priority for companies.

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Luxembourg will host the 2020 Cleantech Forum Europe

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Luxembourg has been selected to host the 2020 edition of the Cleantech Forum Europe, a major international event in the field of clean technologies. The forum will provide excellent opportunities for the exchange of ideas on the latest cleantech trends with leading stakeholders from all over Europe. It will also showcase Luxembourg’s most dynamic organisations and projects in the field.
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Luxembourg launches LSA Data Center to promote access to space data

22-05-2019

During the Space Forum 2019, Luxembourg Marc Serres, CEO of the Luxembourg Space Agency, announces the creation of the Luxembourg Space Agency (LSA) Data Center, to support businesses in Luxembourg with reliable, fast and intuitive access to data streams from the European Copernicus Earth Observation programme.
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Luxembourg passport the best in the world

14-05-2019

For the second consecutive year, the Luxembourg passport has been listed as the best in the world by the Nomad Passport Index.
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US and Luxembourg sign space cooperation memorandum

10-05-2019

The United States and Luxembourg have signed a memorandum of understanding aiming at strengthening the cooperation in the field of space. Both countries are at the forefront of promoting the harvesting and exploitation of space resources.
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Anisoprint: Luxembourg an ideal EU base

07-05-2019

When Russian start-up Anisoprint decided in 2018 to bring its pioneering 3D printing technology for composite materials to the European market, Luxembourg quickly stood out as the ideal EU base. One year later, the company is in the process of moving its headquarters as well as most of its staff here. Convinced by the country’s start-up friendly environment and excellent support network, Anisoprint is also counting on a strategic research partnership to meet the requirements of large industrial clients.
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