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  • Luxembourg ranked third in Europe for purchasing power Statement 12/12/16

    Luxembourg residents have per capita purchasing power of €30,248 this year, up from €28,750 in 2015, according to the latest GfK Purchasing Power Europe ranking. Luxembourg ranks third in the continent behind Liechtenstein and Switzerland.

  • Luxembourg ranked 12th in global prosperity index Statement 12/12/16

    Luxembourg has been ranked 12th out of 149 countries in the Legatum Prosperity Index, a measure of present and future wealth as well as quality of life compiled by a London think-tank with backing by a Dubai investment firm. Luxembourg was in first place for health and personal freedom, second for safety and security, and third for the natural environment.

  • Paul Wurth opens industrial technology incubator Statement 12/12/16

    Paul Wurth has inaugurated its 400-square meter incubator space, dubbed Incub, in Luxembourg City's station area. The program will focus on industrial technology solutions, with 16 start-ups having been selected earlier this year for the first intake.

  • Goodyear and LIST launch €41m tyre R&D initiative Statement 12/12/16

    Goodyear and the Luxembourg Institute of Science & Technology have announced a €41m, R&D programme to develop a new generation of more sustainable tyres. The five-year initiative is funded by the tyremaker and Luxembourg public R&D financing. Economy minister Etienne Schneider says the partnership is in line with the government's research and innovation policy.

  • Luxembourg government invests €25m in Planetary Resources venture Statement 12/12/16

    The government is investing €25m in US-based space technology firm Planetary Resources through a direct equity investment of €12m for a minority shareholding by public investment institution SNCI and €13m in grants. Planetary Resources says the funding will speed up technical developments with the target of launching its first commercial asteroid prospecting mission by 2020.

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