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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.
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"Luxembourg, a key partner for the Italian financial groups" — Pierre Gramegna on a mission in Milan
On 2 December 2019, the Minister of Finance, Pierre Gramegna, led a delegation of more than 120 representatives of the Luxembourg financial sector to Milan as part of a financial mission organised by Luxembourg For Finance (LFF).
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Luxembourg Future Fund organised its first Annual Networking Event
On 18 November 2019, the Luxembourg Future Fund SICAV-SIF (LFF) organised its first Annual Networking Event showcasing the developments of the Luxembourg Future Fund and providing an opportunity to connect policy makers, fund managers, innovative Blue Chips, academics, current and future entrepreneurs, incubators and accelerators, and other key actors of the Luxembourg’s ecosystem.
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EIB Donors Conference: Luxembourg and EU bank strengthen their cooperation on microfinance and climate action
The Grand Duchy of Luxembourg and the EIB have committed to working ever more closely together on two of their joint priorities: the development of the microfinance sector in ACP countries and the fight against climate change.
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IsDB announces plans to launch first green bond
The Islamic Development Bank has today announced it has created an innovative Sustainable Finance Framework to utilise funds exclusively for green projects in IsDB Member Countries through and catalyse the role of the Bank’s preferred financing tool – the Sukuk bond.
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Minister Gramegna and Ambassador Evans bring U.S.-Luxembourg Taxation Protocol into Force
On 9 September 2019, Pierre Gramegna, Minister of Finance of Luxembourg, and J. Randolph Evans, U.S. Ambassador to Luxembourg, announced that the respective ratification procedures of the Protocol amending the Double Taxation Convention have been completed, thus bringing the Protocol into force.