Luxembourg – national flag Luxembourg flag has been used since 1815, but only officially recognized in 1845. The flag is similar to the Dutch, except that the dimensions are different and the blue color lighter, but the Luxembourg flag has a different historical background, as it is based on the Counts of Nassau’s weapons from… Read More »
Subchapters: Business Relationships Foreign direct investment FTAs and Treaties Development Cooperation Prospective fields of study (MOP) Business relations Trade relations with the Czech Republic The slight increase in exports from the Czech Republic to Luxembourg is a long-term trend, the automotive industry is the main commodity, followed by raw materials (especially iron/steel and raw rubber),… Read More »
MFA: Strategic opportunities for foreign exporters Luxembourg normally shows long-term stable GDP growth in the range of 3 to 5% per year, but the national statistical office expects a maximum growth of 1.5% in 2021, and 2.7% in 2022. Due to the specialization of the national economy in banking and telecommunications and high state support… Read More »