The Grand Duchy of Luxembourg is a very open and cosmopolitan country in the heart of Europe. Over the past years, Luxembourg’s wealth has been created to a large extent by its financial sector. This unprecedented growth was enabled, amongst several other factors, by the extremely rash and flexible legal framework.
Since the recent economic slowdown and the increasing regulatory requirements for the financial sector, the discussion over the importance of other sectors has become more dynamic and imminent. Sectors such as ICT, Biohealth or Logistics are now at the core of Luxembourg’s growth plans, not forgetting of course the further development of the financial sector.