- July 10, 2021
- Posted by: Stratford Team
- Category: Business
What is the current business climate in your jurisdiction including major political, economic and/or legal activities on the horizon in your country that could have a big impact on businesses?
Ideally situated at the crossroads between Belgium, France and Germany, Luxembourg is a country that, although small in geographical size, enjoys unparalleled stability and figures among the world’s wealthiest nations by GDP per capita. In 2020, Luxembourg’s real gross domestic product decreased by around 1.31% compared to the previous year because of the COVID-19 pandemic. However, the government hopes to see a robust recovery from this recession, with potential GDP growth of 4% in 2021. This rather encouraging picture must take into account the exceptional volume of state aid and financial support packages most countries, including Luxembourg, have agreed to in the context of the…
