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Economy and Finance

Luxemburg’s economy relies on a number of important branches and is characterized by the industrial and services sector in particular. During the second half of the 20th century, the Grand Duchy experienced steady economic growth, unprecedented price stability and low unemployment. Thanks to its geographic location and multilingual population, the Grand Duchy offers an ideal investment environment. Since the mid-1970s, it has evolved into one of the world’s leading financial centers, while numerous industrial companies operating in high-tech fields have also made Luxembourg their home.

Useful Web addresses:

Luxembourg for Business - Trade Promotion Organization:
www.luxembourgforbusiness.lu

Ministry of the Economy and Foreign Trade:
www.eco.public.lu

Statistics and economic data:
www.statistiques.public.lu

Luxembourg Chamber of Commerce:
http://www.cc.lu/index.php?page=54

Information on administrative authorities and procedures:
www.guichet.public.lu

Information on the economic and social framework conditions in Luxemburg (as per 2007): 
http://www.cc.lu/docdownload.php?id=1082

A guide to setting up a business and providing services in Luxemburg:
http://www.entreprises.public.lu/publications/other_languages/german/index.php

Videos on the topic "Luxembourg as a Center for Business and Finance":
www.promoteluxembourg.lu/content/business  
www.promoteluxembourg.lu/content/finance  
www.promoteluxembourg.lu/content/products-services  
www.promoteluxembourg.lu/content/meetings

Industry, Logistics and Transport

After the country’s steel industry fell into crisis during the 1970s, Luxembourg’s economic policy goals changed, with the fundamental policy aim ever since being one of  economic diversification. The development of a specialized industrial branch focusing on chemicals, and concentrating on rubber and plastic processing, has been accompanied by a number of automotive suppliers and companies within the health sector setting up operations in Luxembourg. Due to the central geographic location, more and more transport and logistics companies have also settled in the Grand Duchy.

Luxembourg Board of Economic Development:
www.bed.public.lu
 

ICT, Media and E-Commerce

In recent years, a number of large Internet-based companies have moved their headquarters to Luxembourg due to the excellent infrastructure. Among others, these include Amazon, eBay, iTunes, PayPal and Skype. In addition, the RTL Group and SES ASTRA, operator of the ASTRA Satellite System, have had their headquarters in the Grand Duchy for many years.

More on the information and communication industry:
www.luxembourgforict.lu
 

Financial Sector

The financial center of Luxemburg is home to more than 150 banks and some 100 insurance companies, which together provide products and services covering the entire financial spectrum. Especially in the investment fund sector, the Grand Duchy is one of the world’s leaders. In order to promote further development of the financial sector, the government, together with the Luxembourg Financial Industry Federation, has established the agency “Luxembourg for Finance.”

Ministry of Finance:
www.mf.public.lu

Luxembourg for Finance (public-private agency for developing the financial sector):
http://www.lff.lu/en/s/home/

Luxembourg Financial Industry Federation:
http://www.profil-luxembourg.lu/index.php?id=226&L=0

Luxembourg Bankers’ Association:
www.abbl.lu

Association of the Luxembourg Fund Industry:
www.alfi.lu

Financial Sector Supervisory Commission (CSSF):
http://www.cssf.lu/en/

Central Bank of Luxembourg:
http://www.bcl.lu/en/index.php

Luxembourg Stock Exchange:
http://www.bourse.lu/Accueil.jsp

Legal information regarding Luxembourg’s financial sector:
http://observatoire.codeplafi.lu/en/index.html