September 2023 ISSUE #67

“Luxembourg exceeds my expectations”

Korean start-up Posture AI addresses a common health problem: backpain. After developing its artificial intelligence solution using smart posture devices from its base in South Korea, the company has now chosen Luxembourg as its base for targeting the European market and moving forward with the data dimension of its products and services.

	Understanding the market: the number 1 success factor What is the main key to success for mobility innovators targeting Europe? Luxembourg experts speak about the importance of understanding the complex European market and investing in people on the ground who can work with customers and optimise technology products to meet clients’ real needs. Read more
	"Supporting the development of the start-up ecosystem in Luxembourg" Minister of the Economy, Franz Fayot, discusses the recent startup roadmap “From Seed to Scale” designed to support the ecosystem's continuous expansion as it navigates a new phase of maturity. Read more
	New law introduced in Luxembourg to facilitate the hiring of skilled labour The new law simplifies the hiring of non-EU nationals and grants family members of third-country nationals holding a residence permit access to the labour market as soon as they arrive in Luxembourg. Read more
	Inflation in Luxembourg continues to rank among the EU’s lowest Luxembourg recorded the second lowest annual inflation rate in the EU, according to the latest July figures shared by the statistical office of the European Union, Eurostat. Read more
	CO2 emissions drop by -12% in Luxembourg: second best record in the EU Eurostat’s latest estimates indicate that in 2022, the EU collectively achieved a 2.8% decrease in CO2 emissions from fossil fuel combustion compared to the previous year. Luxembourg recorded the second biggest reduction in CO2 emissions among EU countries. Read more
	Luxembourg’s passport remains one of the best in the world According to the most recent global ranking by the Henley Passport Index, the Grand Duchy of Luxembourg's passport remains one of the world's strongest with easy access to 189 destinations worldwide. Read more

Having people on the ground even before you have your first client is essential for developing that in-depth knowledge of the European market.

Joost Ortjens, Head of International Business Development – Smart Mobility at Luxinnovation

Luxembourg living

Schueberfouer, the biggest funfair in Luxembourg and the surrounding Greater Region, attracts millions of visitors from near and distant corners of Europe and the world annually. The history of this spotlight event is as intriguing as its unique cultural offering in Europe.