Fitch Ratings and Scope Ratings confirm Luxembourg’s top ‘AAA’ rating with stable outlook
On 24 May 2024, the rating agencies Fitch Ratings and Scope Ratings confirmed the Grand Duchy’s ‘AAA’ rating with a ‘stable’ outlook.
Tag: Economy
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Chronicle: Fernand Ernster Reelected Luxembourg Chamber of Commerce President
On Tuesday 30 April 2024, the Luxembourg Chamber of Commerce held its Constituent Plenary Assembly, in the presence of Lex Delles, Luxembourg’s Minister of the Economy, SMEs, Energy and Tourism. Members of the Plenary Assembly unanimously reelected Fernand Ernster as President of the Luxembourg Chamber of Commerce.
ArcelorMittal reports fourth quarter and full year 2023 results
ArcelorMittal reports fourth quarter and full year 2023 results.
RTL: Luxembourg leads in economic impact from foreign-controlled enterprises
A recent Eurostat report for 2021 highlights Luxembourg’s prominent position in the EU, with foreign-controlled enterprises contributing a staggering 55.5% to the nation’s economic value added, the highest in the bloc.
Inflation forecast: 2.2% for 2024 and 3.3% for 2025
Inflation forecast: 2.2% for 2024 and 3.3% for 2025.
Rise in Luxembourg consumer confidence as inflation cools
Annual inflation dropped slightly to 3.4% in January, Statec says, predicting lower price hikes this year than initially forecast.
The Age of strong brands
After recent stock market records, the question arises: What will happen in the coming months? The economy is not providing a tailwind for the time being, and the fantasy of interest rate cuts seems to have run its course.
Amcham Newsletter Six major financial services players in Luxembourg join forces to create a shared ATM network
Spuerkeess, Banque Internationale à Luxembourg, BGL BNP Paribas, Banque Raiffeisen, POST Luxembourg and ING Luxembourg are joining together to create a broad-based ATM network. The six partners will work hand in hand to guarantee Luxembourg-wide access to self-service banking.
Late Payments/Relief Package
In September 2022, the European Commission announced the Relief Package, a new set of EU-level relief measures for SMEs. One of the measures included in the Relief Package is the revision of Directive 2011/7/EU of February 16, 2011 on late payments, in order to provide businesses with a more modern legal framework that is better
CHRONICLE.LU: AmCham Event Highlights Strong Transatlantic Trade & Investment Relationship
On Wednesday 18 October 2023, the American Chamber of Commerce in Luxembourg (AMCHAM), together with Deloitte and the Luxembourg American Chamber of Commerce (LACC) in New York, held an event dedicated to “Transatlantic Trade and Investment”.
LT: Frieden could lead more pro-business coalition, say chamber heads.
Frieden could lead more pro-business coalition, say chamber heads.
As Luxembourg was digesting the results of Sunday’s election and waiting to discover which political parties will form the next government, leaders of the country’s international business chambers were also taking stock.
Chronicle: Business Community Concerns Heard at National Elections Debat
On the evening of Wednesday 20 September 2023, the American Chamber of Commerce in Luxembourg (AMCHAM) teamed up with Amazon in Luxembourg-Kirchberg to host an English-language elections-related event with a focus on finance and the economy.
