DEFENSE – EU LAUNCHES FUND FOR HIGH TECH EQUIPMENT

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keywords: nato, european union, europe of defense, defense budget, luxembourg. The European Commission announced on Wednesday (07 June) the launch of a fund for the defense of the countries of the Union. This fund is expected to provide 500 million euros of money from the European Union to help buy and develop high-tech military projects such as drones or robotics. This amount is expected to double from 2020 to reach the billion euros annually. This decision comes as President Trump continues to press his NATO allies to increase their military…

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LUXEMBOURG – BANKS RESULTS ARE INCREASING BIG

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keywords: banks, cssf, luxembourg. The Financial Sector Supervisory Commission (CSSF) publishes Wednesday the banks results of the Luxembourg Place in the first 3 months of 2017 compared to the same period of 2016. The result, before provisions, increased by 7.3%. Personnel costs increased by only 0.9% year-on-year. These figures are published during negotiations on the new banking collective agreement and a few days after protest pickets in the face of the ABBL’s wish not to pay the economic bonus (also known as the “June bonus”). Share this page with:

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LUXEMBOURG NATIONAL DAY – PUBLIC INVITATION OPEN

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keywords: national day, luxembourg. The government is today communicating on its invitation to the general public on the occasion of the celebration of the anniversary of the birth of S.A.R. the Grand Duke. An official ceremony will take place on Friday, June 23, 2017 at 10:00 am at the Philharmonie Luxembourg in the presence of the Grand-Ducal family, MPs, members of the government, members of the Council of State as well as the judiciary, The City of Luxembourg and the diplomatic corps accredited to the Luxembourg Head of State. The government…

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