chamber of commerce luxembourg · who weare what we do we partner up why luxembourg? 5 our mission...

Chamber of CommerceLuxembourg

The Grand Duchy of Luxembourg:A Centre of Economic Excellence!

by Mr Jeannot ERPELDING, Director International Affairs

GIN DOBRY HALLO

Who we are What we do We partner up Why Luxembourg?

Who we are

Who we are What we do We partner up Why Luxembourg? 4

The Chamber of Commerce : a key actor of the Luxembourg economy since 1841

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Our mission statement

1. Involvement in the legislative procedure by the preparation of opinions

2. Promoting the entrepreneurial spirit and supporting the creation and development of businesses

3. Promoting international foreign economic and trading relations

4. Promoting education and a training adapted to the strategic challenges faced by our country and its companies

5. Providing services to business and the general public6. Informing the public and stimulating debate as a partner and independant voice representing the economy and businesses

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Key figures

90.000member companies 75%

of total employment

80%of GPD

Who we are What we do We partner up Why Luxembourg?

WhyLuxembourg?

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OPEN

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THE GRAND DUCHY OF LUXEMBOURG:GLOBAL FROM DAY ONE - MULTILINGUAL

An international business-friendly environment for businesses…

• Political and socio-economic stability (« triple A »)

• State-of-the-art public infrastructures

• A multilingual and skilled population

• High factor productivity

• Attractive fiscal environment

RESIDENTS SPEAK

LANGUAGES EACH (EUROBAROMETER)

3.6

DID YOU KNOW?

LUXEMBOURG RANKS

10TH IN ATTRACTING

INNOVATIVE TALENT

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THE GRAND DUCHY OF LUXEMBOURG:GLOBAL FROM DAY ONE – MULTICULTURAL

… but not only:

• Very open and yet safe country

• High quality of life and high purchasing power

• Strategic location in Europe and key actor in the EU integrations

process

• Melting pot of cultures and nationalities

• Social dialogue within a dedicated institutional framework

• Model of socio-economic integration of foreign citizens

POPULATIONOF FOREIGNERSFROM 170 CONTRIES

POPULATIONOF LUXEMBOURGERS

OF THE

WORKINGPOPULATION IS

FOREIGN

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PRO-EUROPEAN / A TRUE EUROPEAN LABORATORY (1)

LUXEMBOURGIS ONE OF CAPITALSOF THE EUROPEAN

UNION

EUROPEAN INSTITUTIONSARE HEADQUARTERED

IN LUXEMBOURG12

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PRO-EUROPEAN / A TRUE EUROPEAN LABORATORY (2)

Some 40% of the EU’s GDP is concentrated

within a 500 km radius of Luxembourg.

Extended to 700 km, this percentage rate even

reaches 70%.

DID YOU KNOW?

75DESTINATIONS

LUXEMBOURG

AIRPORT

SERVED BY

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A STRATEGIC POSITION WITHIN THE EU& AT THE HEART OF THE GREATER REGION (1)

• Area: 65 401 km² (1,6% of EU27)

• Population: 11,5 millions (2,3% of EU27)

• Located at the centre of the « blue banana », an area with

a high concentration of economic wealth

• Share of GDP of the EU : 2,4% (351,8 bn €)

• Employed population: 4,87 millions (2,3% of EU27)

• > 375 000 enterprises

• B2C cross border consumption: more than 3 mia € yearly

• 6 universities: > 200.000 students

THE GREATER REGION:

An Excellence Model of European Integration

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A STRATEGIC POSITION WITHIN THE EU& IN THE HEART OF THE GREATER REGION (2)

• B2C crossborder consumption: more than 3 bn € yearly

• 1,5 millions of consumers within a 30 km radius

• Some 213.000 cross-borer workers in the GR, of which 73% enter Luxembourg every day

• Largest trans-border labour market within the EU (representing 25% of European commuters)

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A STRATEGIC POSITION WITHIN THE EU& AT THE HEART OF THE GREATER REGION (3)

• Public transport

• Health and patients mobility

• Vocational training

• Employment

• Town-and-country planning & infrastructures

• Small and medium sized enterprises (SMEs)

• Research and higher education

Fields of crossborder cooperation within the Greater Region:

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OPEN ECONOMY

LUXEMBOURGRANKS

3WORLDWIDEBEHIND SINGAPOREAND HONG KONG(ICC OPEN MARKETSINDEX 2017)

<

LUXEMBOURGEXPORTS OVER

80%OF ITS GOODSAND SERVICES

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EUROPEAN LOGISTICS HUB

<

LUXAIR CARGO12 HOURSTRAVEL TIME AWAY FROM

70%OF EUROPEAN ECONOMICACTIVITY

LUXEMBOURG

5THLARGEST CARGO HUB IN EUROPE

RANKS

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DYNAMIC

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THE GRAND DUCHY OF LUXEMBOURGLUXEMBOURG SOCIO-ECONOMIC HISTORY & DEVELOPMENT TO START WITH…

A CHANGING LANDSCAPE …

Yesterday… Today… Tomorrow…

AgricultureEmigration

IndustrialisationSteel

Financial Industry

Connect it allHyper-Industrialisation

20001839 1870 1980

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FROM A LAND OF INDUSTRY…

41%

44%

THE ECONOMY IN 1970

Services

Industry

Construction

Agriculture

Energy

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TO A LAND OF SERVICES…

8…

6%

THE ECONOMY IN 2015

Services

Industry

Constrcution

Agriculture

Energy

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A LAND OF INNOVATIVE INDUSTRY

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WHERE INNOVATIVE IDEAS TAKE OFF…

RESEARCH & KNOWLEDGE-BASED ECONOMIC DIVERSIFICATION

THE CITY OF SCIENCES

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INTERNATIONAL FINANCIAL EXPERTISE

BANKS

28COUNTRIES

28 %OFGDP

150 COMPANIESFINTECH

100 NEW FUNDSEVERY YEAR

14,000EMPLOYEES

<

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GLOBAL EU HUB FOR INTERNATIONAL FINANCE

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SPACE MINING & SATELLITE TECHNOLOGY

Contribute to the peaceful explorationand utilization of space resources forthe benefit of humankind.• 7,741 channels

• 1.1 billion people

• 325 million homes

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HIGH QUALITY EDUCATION

THE UNIVERSITYOF LUXEMBOURGIS RANKED AMONGTHE WORLD’S TOP

TOP 20YOUNG UNIVERSITIES

LUXEMBOURG

BOASTSAROUND 15INTERNATIONAL

SCHOOLS

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RESEARCH AND INNOVATION

RESEARCHERS3,000

PUBLIC FUNDING FORR&D HAS INCREASEDTENFOLD SINCE 2000

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AUTOMOTIVE

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TIC / DATACENTRES / DIGITALISATION

DATA23CENTRES

8 TIER IVCERTIFIED

ARE

23FIBERROUTES

CONNECT LUXEMBOURGTO THE REST OF EUROPE

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HOME FOR STARTUPS AND SMES

PROJECTS663

FUNDED BY THE MINISTRY

BETWEEN 2009 AND 2015OF THE ECONOMY

INTRODUCTION OF THE “ONE-EURO S.À.R.L.” IN 2016

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THIRD INDUSTRIAL REVOLUTION STRATEGY

PEOPLE319

PARTICIPATING IN

9WORKINGGROUPS…

… TO DISCUSS THE FUTUREOF LUXEMBOURG

AND WHAT IT MEANSFOR THE ECONOMY.

THE ONLY NATIONWIDE STUDY

OF ITS KIND IN THE WORLD.

THE PARADIGM SHIFT TOWARDS A ‘SMART LUXEMBOURG` SUSTAINED BY A TRANSVERSALLY DIGITAL AND

INNOVATION-DRIVEN ECONOMY!

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RELIABLE

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STABLE AND POLITICALLY NEUTRAL

PRIME

8ONLY

MINISTERSSINCE 1945

THE CHAMBER OF DEPUTIES (2017)

VOTINGRIGHTSFORFOREIGNERS

60DEPUTIES

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ADMINISTRATIVE TASKS MADE EASY

LUXEMBOURG

1IN EUROPERANKS(EUROSTAT)

<

FOR EFFICIENTAND HELPFULADMINISTRATION

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LABOUR LAW AND SOCIAL DIALOGUE

<

DUE TO STRIKES FROM

2005-2009(THE EUROPEAN AVERAGE IS 30.6)

4.1BUSINESSDAYS LOSTPER 1,000 WORKERS)

ONLY

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HIGH-QUALITY INFRASTRUCTURE

PUBLIC INVESTMENTREPRESENTS OVER

4 %OFGDP

+FROM

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QUALITY OF LIFE AND SAFETY

LUXEMBOURG IS THE SAFEST

CITY IN THE WORLDMERCER QUALITY OF LIVING REPORT 2016

96%ARE SATISFIED

LING IN LUXEMBOURG

95%ARE SATISFIED

WITH THE STATE OF CLEANLINESS

86%FEEL SAFE

WHAT DO RESIDENTS OF LUXEMBOURG CITY SAY?EUROBAROMETER 2015

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LËTZ TALK BUSINESS!

Chambre de Commerce

7 rue Alcide de Gasperi

L-1615 Luxembourg

Tél : (+352) 42 39 39-1

E-mail : chamcom@cc.lu

www.cc.lu

Thank you!

Danke!

Dziękuję!