News

  1. BBC World Business Report

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    Nicolas Mackel explains how Luxembourg came to be a global centre for business and finance. "It's a founder member of the European Union, nestled discreetly between Belgium, France and Germany. But the Grand Duchy of Luxembourg has been attracting some rather unwelcome global publicity of late. Put bluntly: is Luxembourg helping multinational business escape its fair share of tax?" That is the question raised by a BBC World Business Report.

     

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  2. Building bridges with the Middle East

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    Xavier Bettel and Pierre Gramegna participated in the World Islamic Economic Forum, and met with government officials and leading representatives of major banks and financial institutions in Abu Dhabi and Dubai.

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  3. Bloomberg news: Bottom Line

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    Oct. 7 (Bloomberg) -- Luxembourg Finance Minister Pierre Gramegna talks about the European Commission's probe of a 2003 Luxembourg tax agreement with Amazon.com Inc. Gramegna, speaking with Mark Crumpton on Bloomberg Television's "Bottom Line," also comments on the European economy and trading of China's currency in Luxembourg. (Source: Bloomberg)

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  4. Renminbi volumes in Luxembourg continue to increase

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    New figures published by Luxembourg for Finance reveal a continuing increase in international renminbi business volumes in Luxembourg. The pool of RMB deposits held by banks in Luxembourg climbed up to 67.2 RMB bn in H1 2014, compared to 64.0 RMB bn in H2 2013. Loan portfolios increased by 35% to 72.8 RMB bn in H1 2014, compared to 53.8 RMB bn in H2 2013.

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  5. Goldman Sachs and South Africa choose Luxembourg to list debut sukuk

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    The sukuk was issued via a special purpose vehicle named JANY Sukuk Company with Goldman Sachs Group acting as guarantor of the issue. This issue invests in Sharia-compliant commodities and comprises USD 500 million of trust certificates that come to term after five years, with distribution payments semi-annually.

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  6. Luxembourg is the leading Eurozone financial centre in GFCI 2014

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    According to the latest Global Financial Centres Index that was published today, Luxembourg ranks 15th and is thus the leading financial centre in the Eurozone. Luxembourg is followed by Frankfurt, Dubai and Montreal. Only three points  separate the Grand Duchy from Vancouver, ranking 14th. Like last year, Luxembourg is also the only European financial centre likely to become more significant in the future, following Casablanca, Shanghai, Singapore and Hong Kong.

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