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  • Kleos Space dispatches satellites for the launch of the upcoming PSLV C49 mission by ISRO Statement 17/02/20

    Luxembourg based Kleos Space recently dispatched 4 of its Scouting Mission nanosatellites to Chennai in preparation for the launch aboard the upcoming Polar Satellite Launch Vehicle (PSLV) C49 mission being conducted by the Indian Space Research Organisation (ISRO) from the Satish Dhawan Space Centre. This contributes to  the growing cooperation between Luxembourg and India in the Space sector. Read more..

  • First Visit of the Minister of Foreign And European Affairs of Luxembourg,H.E. Mr. Jean Asselborn to Sri Lanka Statement 03/02/20

    Following the invitation of the Minister of Foreign Relations of Sri Lanka, H.E. Mr. Dinesh Gunawardena, the Minister of Foreign and European Affairs and Minister of Immigration and Asylum, H.E. Mr. Jean Asselborn, went to Sri Lanka for an official visit on 30 January 2020.

    On this occasion, Minister Asselborn was received by the President of Sri Lanka, H.E. Mr. Gotabaya Rajapaksa, as well as by the Prime Minister, H.E. Mr. Mahinda Rajapaksa. He also had a bilateral meeting and a working lunch with the Minister of Foreign Relations.

    Minister Asselborn took this opportunity to identify with his counterpart ways to strengthen the bilateral relations between both countries. The ministers discussed the importance of economic, commercial and financial relations and the various possibilities for deepening them, particularly in the fields of green finance, ICT and tourism.

    Luxembourg accredited its first Ambassador to Sri Lanka, H.E. Mr. Jean Claude Kugener, who is co-accredited from New Delhi and presented his credentials to the President of Sri Lanka on 20 January 2020. Last year, a Luxembourg Consulate was opened in Sri Lanka, and Mrs, Suwanitha Senanayake was appointed Luxembourg's first Honorary Consul in Colombo. Read more..

  • First Visit of the Minister of Foreign And European Affairs of Luxembourg, H.E. Mr. Jean Asselborn to Nepal Statement 31/01/20

    Following the invitation from the Minister for Foreign Affairs of Nepal, H.E. Mr. Pradeep Kumar Gyawali, the Minister of Foreign and European Affairs, H.E. Mr. Jean Asselborn, visited Kathmandu for an official visit from 29 to 30 January 2020. Visiting Nepal in the context of the 45th Anniversary of the establishment of diplomatic relations between the two countries, Minister Asselborn had a meeting followed by a working lunch on January 29 with his counterpart, Minister Kumar Gyawali. During his visit, Minister Asselborn was also received by the Honourable Prime Minister of Nepal, Mr. Khadga Prasada Oli, to discuss the bilateral relations.

    The two ministers highlighted the excellent bilateral relations between the two countries, especially in the field of development cooperation as many NGOs from Luxembourg are active throughout Nepal since more than 3 decades.   Read more..

  • Visit of the Minister of Foreign And European Affairs of Luxembourg, H.E. Mr. Jean Asselborn to India Statement 29/01/20

    Following the invitation by the Minister of  External Affairs of India, H.E. Dr. Subrahmanyam Jaishankar, the Minister of Foreign and European Affairs and Minister of Immigration and Asylum, H.E. Mr. Jean Asselborn visited New Delhi from 27 to 28 January in his fourth official visit to the Republic of India. On January 28, Minister Asselborn met with the Minister of External Affairs of India, Dr. Subrahmanyam Jaishankar, for a bilateral meeting, followed by a working breakfast.The ministers praised the excellent bilateral relations between Luxembourg and India and discussed in depth the political, financial, economic and commercial ties that unite the two countries since the establishment of their diplomatic relations in 1948. The ministers discussed ways to further strengthen cooperation in areas of common interest, in particular in the areas of steel, engineering, ​​investments, green and sustainable finance, digitalisation, as well as in the space sector. Read more..

  • Luxembourg Stock Exchange participates in the Raisina Dialogue Statement 17/01/20

    The Luxembourg Stock Exchange participated in the annual  Raisina Dialogue 2020  , organised jointly by the  Ministry of External Affairs, Government of India  and  Observer Research Foundation (ORF)   on 14-16 January 2020 in New Delhi.

    Mr. Robert Scharfe, CEO of the Luxembourg Stock Exchange spoke about Green Bonds on the session on “Greenbacks for Green Tech: Paying for Innovation so that Innovation Pays”. He shared this panel with the former Prime Minister of the Republic of Korea, Mr. Han Seung-soo, the Lieutenant Governor of California Mrs. Eleni Koulanakis and the President of the upcoming COP26, Mrs. Claire Perry O’Neil. Mrs. Julie Becker, Deputy CEO and Founder of Luxembourg Green Exchange was a panellist on the session “Right to Breathe: The Battle for Clean Air”. She shared the panel with the former Prime Minister of New Zealand, Mrs. Helen Clark, the former Prime Minister of Bhutan, Tshering Tobgay as well as the Indian Member of Parliament, Mr. Shashi Tharoor. On the sidelines of the Raisina dialogue, the Luxembourg Stock Exchange delegation held meetings with key interlocutors from Indian industry which are active in the Green Finance sector. Read more..

  • Luxembourg for Finance visits Delhi and Bangalore Statement 07/12/19

    Mr. Philipp von Restorff, the Deputy CEO of the agency for the development of Luxembourg's Financial Centre Luxembourg for Finance visited Delhi and Bangalore from 3-5 December 2019. In Delhi, Mr. von Restorff held a speech about the leading International Financial Center of Luxembourg at an event organized by the Confederation of Young Leaders.

    The Deputy CEO also participated in a panel on FinTech and Regulation at the "Global Tech Summit" organised by Carnegie India in Bangalore on 5 December. The visit was an excellent opportunity to present the Luxembourgish expertise in FinTech and Finance and to meet with key people from the Indian FinTech, Finance, Banking, IT, Renewable Energy and Industry sectors.  Read more..

  • Luxembourg ranks 21st in the IMD World Digital Competitiveness Ranking 2019 Statement 07/10/19

    In the latest IMD World Digital Competitiveness Ranking 2019, Luxembourg ranks 21st in the world for its Digital Competitiveness improving its score by 3 places compared to last year’s ranking.  

    On the parameters of IT & Media stock market capitalisation and the Country Credit Rating, Luxembourg is ranked 1st in the world.

    The ranking also rates Luxembourg highly for its key parameters like regulatory framework, the good IT integration and the availability of capital.

    Read more..

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