News

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).

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.

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.

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.

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.

On 6 September 2019 the Ministry of Finance of the Grand Duchy of Luxembourg signed a letter of understanding (LOU) with the Alliance for Financial Inclusion (AFI) to launch a new multi-donor collaboration framework that will help bolster financial inclusion across the African continent.

Opening the 2019 Asian Infrastructure Investment Bank Annual Meeting in Luxembourg in the presence of HRH Grand Duke of Luxembourg, Fernand Etgen, Xavier Bettel and Pierre Gramegna, AIIB President Jin Liqun set out the Bank's commitment to drive the green economy through sustainable, adaptable and innovative infrastructure investment.

For the public celebration of the birthday of HRH the Grand Duke, members of the Grand Duke's family and the government will attend the festivities organised in Esch-sur-Alzette, Bourscheid and Luxembourg City on 22nd and 23rd June 2019.

Luxembourg has taken note of the decision of the European Commission in the HUHTAMAKI case.

Luxembourg will host the Asian Infrastructure Investment Bank’s (AIIB) first Annual Meeting outside of Asia on July 12-13, 2019

The Minister of Finance, Pierre Gramegna, the Chairman of the Board of Governors of the University of Luxembourg, Yves Elsen, and the Rector of the University of Luxembourg, Stéphane Pallage, signed on 11 October 2018, a letter of intent to promote research and training in the field of sustainable finance.

On Thursday, October 4, 2018, the Minister of Finance Pierre Gramegna, the Minister for the Environment Carole Dieschbourg and the Head of the Finance Initiative of the United Nations Environment Programme (UN Environment) Eric Usher presented the new "Luxembourg Sustainable Finance Roadmap" (LSFR) and its recommendations.

Interview with Pierre Gramegna in Beast Magazine

Luxembourg has taken note of the Commission's decision in the McDonald’s case, which confirms the absence of a selective treatment and state aid incompatible with the internal market within the meaning of Article 107 (1) of the Treaty on the Functioning of the European Union.

The Luxembourg Government has decided to appeal the decision of the European Commission in the Engie case. In accordance with the Commission’s decision, Luxembourg will recover the alleged aid, pending the outcome of the legal proceedings.