New types of financing are available in Luxembourg for small and medium sized enterprises (SMEs), innovation businesses and also for larger companies. Seven important banks in Luxembourg have agreed to provide the three new types of loans. This could provide a boost for foreign direct investments in Luxembourg.
Luxembourg’s economic mission to South Korea aimed at improving and strengthening the business relationships between the two countries and promoting the Grand Duchy of Luxembourg as a business destination in Europe for important South Korean companies. Luxembourg’s Prince and Princess travelled recently to Asia together with a delegation from the Luxembourg Ministry of Economy.
The new changes to the road transportation legislation in Luxembourg will ease the work of business owners who manage transport and shipping companies. Cross-border transportation among the Benelux countries (Luxembourg, Belgium and the Netherlands) will now be easier thanks to an agreement signed by the three countries.