On 1st March 2017, 142,820 residential and semi-residential buildings as well as 233,675 houses were listed, based on the Registre des bâtiments et des logements (Register of Buildings and Dwellings), according to issue No 13 of the Statec publication 'Regard'.
In its latest Economic Survey of Luxembourg, the OECD analyses the factors that explain the soundness of the country's economic performance and the public policies that can make growth greener and more resilient. The study also focuses on the diversification of the Luxembourg economy, the immigration factor and the labour market, thus giving a fairly general overview of Luxembourg's economic performance.
In 2016, 81% of residents aged 15 and over went away on holiday for at least one night. In total, 390,000 tourists spent €1.09 billion on their holidays last year, an average of €770 per trip. This is €20 more per trip than in 2015.
The 'Open Air Cinema' is back in the Grand-Duchy. This is why this summer the most popular sites are transformed back into outdoor cinemas. It is the ideal opportunity to meet friends or family and (re)watch blockbusters or classics that have marked our memory.
At the start of July 2017, the International Chamber of Commerce (ICC) published a new edition of its Open Markets Index (OMI) study. The study makes it possible to compare the openness to international trade of 75 countries worldwide. The OMI has four main areas of focus which are further divided into 23 indicators in order to cover all openness factors.
The law on space resources was passed on 13 July at the Chambre des Députés du Luxembourg (Luxembourg Chamber of Deputies), obtaining a large majority with 55 votes in favour. It will thus come into force on 1st August 2017.
Organised every 4 years, the Games bring together 80 Francophone States from around the whole world, united in favour of youth and diversity. Luxembourg has been present at all the editions of the Games since their inception - in 1989 in Morocco - and has already won 15 medals (5 silver and 10 bronze).
For the 500th anniversary of the Count of Mansfeld, the City of Luxembourg has opened a park with facilities where a magnificent château surrounded by grounds with fountains and exotic plants once stood.
In 2016 the national insurance sector had a record year, increasing its net profit after tax to €1,808 billion, a considerable rise of 45.7% compared to the previous financial year. This result far exceeds the previous record set in 2012. This strong performance can be attributed to non-life insurance and reinsurance which are both progressing at very fast rates of +53.78% and +55.91%.
At the end of June 2017, the Minister of Cooperation and Humanitarian Action presented the 2016 annual report. The latter provides detailed information on the use of Luxembourg official development assistance (ODA) allocations and the Fonds de la coopération au développement - FCD (Development Cooperation Fund).
On 1st January 2017, Luxembourg had 590,667 inhabitants, 48% of whom were non-Luxembourgers. Compared to the previous year, the population increased by 11,159 people, thanks to positive net migration (arrivals – departures) of 9,446 people and a positive natural balance (births – deaths) of 2,083 people. With 48% foreign nationals of some 170 different nationalities, the Grand Duchy has the highest ratio of foreign nationals in its population of all the OECD countries.
On 10 July 2017, the State Secretary for the Economy, Francine Closener, presented prizes to the 40 winners of the 'Let'z Go Cycling' photo competition on Place Guillaume II in Luxembourg City. Launched to celebrate the Tour de France 2017 passing through Luxembourg and to mark the opening of the tourism season on 14 April 2017, the 'Let'z Go Cycling' photo competition called on all cyclists and cycling fans to share their love of cycling, by sending in a photo of them with their bike in one of their favourite places in the Grand Duchy. Internet users were then asked to vote by liking one or several photos in the gallery published on www.letzgocycling.lu
The Digital Tech Fund, a Luxembourg-based seed fund, is supporting two innovative young companies by making a €500,000 investment in each. Over 2,000 applications were received in the space of just one year, and more than 200 were seriously considered for their investment potential. In the end, two foreign companies were selected: itravel and Nektria.
From 15 July to 3 September 2017, the Grand Ducal Palace will be opening its doors to the public. The palace is one of the capital's main tourist attractions, with more than 10,000 visitors each year.
Startups are a vital driver for the development of a country's economy, the creation of new jobs and the promotion of innovation. According to a report by the Idea Foundation, the number of new companies has grown steadily in Luxembourg from 2003 to 2014.
With the entry into force of the new law on aid schemes for research, development and innovation (RDI), Luxembourg is coming into line with the objectives of Community policy in this area. As part of these efforts, new measures have been put in place and existing arrangements have been supplemented.
According to the latest edition of the "Luxembourg Business Compass", an annual report published by KPMG since 2009, Luxembourg's business leaders are expecting high economic growth over the next 12 months. On a scale from -5 (the economy will shrink considerably) to +5 (the economy will grow considerably), CEOs gave an average value of 2.3, indicating that their expectations are at an all-time high. This result is particularly impressive considering that, at international level, KPMG has observed the opposite trend.
On 29 June 2017, the consulting firm 'CIMA, Beratung + Management GmbH', presented the results of a recent study which analyzed the city's commercial development, particularly in the pedestrian zone of the city centre and the area of the railway station. According to the study, the turnover increased from 365 million in 2010 to 534 million euros in 2017. In addition, the commercial surface area has gone up by 13% since 2010. The capital has thus succeeded in broadening its potential as an international city with great shopping opportunities.
Since 2007, Cornell University, INSEAD and the World Intellectual Property Organization have published an annual Global Innovation Index. This composite index is a precious tool for comparing and evaluating the ongoing progress made by different countries in the area of innovation. In the 2017 edition, Luxembourg came 12th with a score of 56.40.
Consumers tastes and expectations that are changing, international competition that's ever-increasing and a wine market that's rapidly changing pose a challenge for Luxembourg winemakers. In order to make better use of the means available, the Minister of Agriculture, Viticulture and Consumer Protection decided to support the Luxembourg wine industry by investing a million euros per year in a new marketing approach.
On 28 June 2017, the prize-giving ceremony for the FinTech Awards was held in Luxembourg. These awards go to start-ups in the field of financial technology that demonstrate an entrepreneurial, innovative approach. Start-ups from all over the world are eligible for the awards – for this year's second edition, 160 applications were received from 46 countries, clearly illustrating how start-ups can benefit from the stable, business-friendly environment in Luxembourg.
The production by Théâtre du Centaure 'Une liaison pornographique' (An Affair of Love) by the author Philippe Blasband, directed by Marja-Leena Junker, was chosen by an independent jury to represent French-speaking Luxembourg theatre at the 71stedition of the Avignon OFF Festival from 7 to 30 July 2017 at Théâtre Notre-Dame.
Summer's here and the tourist season is open for good. What better way to enjoy the holidays than to make a trip to Luxembourg City, or to discover the diversity of the country's regions? Let yourself be surprised by the Grand Duchy of Luxembourg But most importantly, do not forget to bring your Luxembourg Card!
From 3 July 2017, 'commodo' applications can partially be made online. In order to make it easier for the applicants and give them a better understanding of the information required, the Environmental Administration (Administration de l'environnement, AEV) took the initiative to prepare a MyGuichet e-wizard called 'e-form commodo'.
The prestigious Rencontres d'Arles will be taking place from 3 July to 24 September. The 48th edition of the world-famous photography festival boasts 25 venues, 250 artists and 15,000m2 of exhibition space.