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"Rapid, targeted and appropriate response": IMF praises Luxembourg's response to the Corona crisis
The International Monetary Fund (IMF) praises the Grand Duchy for its handling of the COVID crisis.
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"A green, digital and qualitative recovery for Europe"
Finance Minister Pierre Gramegna personally attended the Eurogroup meeting and the informal Ecofin summit in Lisbon on 21 and 22 May.
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Luxembourg's position following the judgments of the General Court of the European Union in the Amazon EU SARL and ENGIE Global LNG Holding SARL cases
Luxembourg welcomes the judgment of the General Court of the European Union in the Amazon EU SARL case, which confirms that the tax treatment of the taxpayer in question under the tax rules applicable at the time does not constitute State aid.
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"We ain't seen nothing yet"
Interview with Pierre Gramegna in Delano
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AFI launches its European office, co-hosted by the Ministry of Finance and Ministry of Foreign and European Affairs of the Grand Duchy of Luxembourg
Luxembourg/Kuala Lumpur (5 October 2020) – The Alliance of Financial Inclusion (AFI) has launched its Europe Representative Office (ERO) in the City of Luxembourg, the first office in Europe for the world's leading organization on financial inclusion policy and regulation.
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Successful issuance of the first sovereign sustainability bond in Europe
Luxembourg has just successfully issued its first sovereign sustainability bond. Based on the new sustainability bond framework, presented on 2 September 2020, this €1.5 billion bond will contribute to finance and refinance sustainable projects.
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Luxembourg – First European country to launch a Sustainability Bond Framework
Luxembourg becomes the first European country to launch a Sustainability Bond Framework. This innovative framework, which meets the highest market standards, is also the first in the world to fully comply with the new recommendations of the European taxonomy for green financing.
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Pierre Gramegna puts forward his candidacy for the election of the President of the Eurogroup
On 25 June 2020, Pierre Gramegna, Minister of Finance of Luxembourg formally submitted his candidacy for the office of the President of the Eurogroup.
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Declaration of the Prime Minister at the Chamber of Deputies: Stay at Home!
Today, the Prime Minister, Minister of State, Xavier Bettel, has made a statement at the Chamber of Deputies about the Government's measures to face COVID-19. This was followed by a statement by the Minister of Health, Paulette Lenert.
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Fiscal measures to support companies and self-employed hit by the COVID-19 pandemic
In the context of the crisis linked to the spread of COVID-19, the Government has decided to enact a series of fiscal measures to support legal entities and natural persons. The main objective of these measures is to alleviate the financing and liquidity needs of companies and self-employed persons who are heavily impacted by the current economic restrictions.
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Working visit of Michel Barnier to Luxembourg
On 10 February 2020, the Prime Minister, Minister of State, Xavier Bettel, received Michel Barnier, Head of Task Force for Relations with the United Kingdom, at the Château de Senningen. The Minister of Foreign and European Affairs, Jean Asselborn, and the Minister of Finance, Pierre Gramegna, also attended the meeting.
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Expo2020 in Dubai conclusion of partnership agreements between Luxembourg and UAE actors
The economic mission to the United Arab Emirates (UAE), chaired by HRH the Hereditary Grand Duke and led by the Deputy Prime Minister, Minister of the Economy, Étienne Schneider, and in the presence of the Minister of Finance, Pierre Gramegna, concluded with a day dedicated to Luxembourg's presence at Expo 2020 Dubai, which will take place from 20 October 2020 to 10 April 2021.
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The United Arab Emirates and Luxembourg further strengthen their collaboration in the economic and financial fields
On the second day of the economic mission, chaired by H.R.H. the Hereditary Grand Duke, the Deputy Prime Minister, Minister of the Economy, Etienne Schneider, signed with the Minister of the Economy of the United Arab Emirates (UAE), Sultan bin Saeed Al Mansouri, a cooperation agreement establishing a regular and quasi-institutional economic dialogue.
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The United Arab Emirates and Luxembourg join forces to support start-ups
The United Arab Emirates (UAE) and Luxembourg both pursue a policy of economic diversification: While the Grand Duchy wishes to become less dependent on the financial sector, the UAE aims to gradually reduce the share of hydrocarbons in its national economy.
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Luxembourg-EIB joint event at COP 25 - Scaling up private finance for climate action
At the UN Climate Change Conference in Madrid, the Grand Duchy of Luxembourg and the European Investment Bank, the EU bank, organised a side-event to discuss challenges and solutions to scale up private finance for climate action.