News

  1. Financing an Oscar winning film in Luxembourg

    | Published in category News

    Six months after winning an Oscar for the short animation "Mr Hublot", producer/director Laurent Witz talks to Luxembourg For Finance about how he succeeded in financing this ambitious project. The film, produced by Luxembourg based " ZEILT productions, was supported by the Luxembourg Film Fund, and was a Franco-Luxembourg production. The 3D animation tells the heart-warming tale of a withdrawn "Mr Hublot", an OCD character made of mechanical parts scared of the outside world but who soon sees his world turned upside down when an invasive robot pet moves in with him.

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  2. Luxembourg to become European virtual currency hub

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    The continuing rise of Bitcoin and other virtual and digital currencies could offer Luxembourg the opportunity to become the European hub for the new global digital economy, according to Patrick Murck, General Counsel for the Bitcoin Foundation.

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  3. Fitch Affirms Luxembourg at 'AAA' with stable outlook

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    On 18 July 2014, the rating agency Fitch confirmed its rating on Luxembourg's long-term foreign and local currency Issuer Default Ratings (IDR) at AAA with Stable Outlooks. Luxembourg continues to benefit from the best credit rating from the three major rating agencies: S&P, Moody's and Fitch.

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  4. Luxembourg Sukuk Bill passes into Law

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    On the 9th of July 2014, the Luxembourg Parliament has approved the draft law 6631 on a sale and buy-back transaction of real estate assets necessary to issue an Islamic finance bond. By obtaining parliamentary approval, the Ministry of Finance has now paved the way to the issuance of the "Sukuk" transaction which is a milestone in the continuous development of Islamic finance in the Grand-Duchy of Luxembourg.

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  5. "Bitcoin is going to change the future of finance"

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    Michael Gronager, Chief Operating Officer, of Kraken, the first trading platform for Bitcoin explains why he thinks Bitcoin is going to change the future and invites you to attend our Virtual Currencies Conference in Luxembourg on July 9.

     

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  6. Fintec takes center stage at ICT Spring

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    ICT Spring, one of Europe’s longest running and largest tech events, is taking place in Luxembourg. This year’s event is taking a finance oriented turn, titled “Innovating the Customer Experience". As such, it is exploring the innovative business models, cutting edge technology and pioneering customer channels that are transforming the FinTech sector by taking new financial services directly to consumers. 

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  7. Luxembourg delegation calls for greater international finance cooperation with Singapore

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    Luxembourg for Finance hosted a seminar in Singapore for bankers and fund managers aimed at driving greater strategic cooperation with the country in the field of international finance. Titled “Luxembourg and Singapore, combining excellence in international finance”, the event was led by H.E. Pierre Gramegna, Minister of Finance for the Grand Duchy of Luxembourg, who spoke about how the unique strengths and similarities of the two countries can be leveraged to mutual benefit.

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  8. Alipay and Agricultural Bank of China to set up in Luxembourg

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    As Luxembourg continues to grow as an RMB and e-payments hub in Europe, today the Minister of Finance Mr. Pierre Gramegna announced at a seminar in Shanghai that Alipay, one of the major online payment platforms in China, will establish its European entity in the Grand Duchy of Luxembourg.

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  9. Innovating through law and regulation

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    Legal innovation is key to the continuing success of the Luxembourg e-payments hub. Jean-Louis Schiltz, partner at Schiltz & Schiltz and Professor of Internet and Telecommunications Law at the University of Luxembourg is working closely with the ICT cluster to innovate through law and regulation.

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  10. Minister of Finance's China visit reinforces Luxembourg as Europe's RMB hub

    | Published in category News

    Minister of Finance Mr. Pierre Gramegna is leading a delegation of 70 top executives from the financial and related sectors to China. Reinforcing strengthened ties between the two countries, on the first day of his visit to Beijing, Minister Gramegna welcomed the signing of a Memorandum of Understanding between Luxembourg's Central Bank and the People's Bank of China, setting the framework for a future designation of a Renminbi clearing bank in Luxembourg.

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