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Alexey Miller and Luxembourgian Deputy Prime Minister Etienne Schneider note high share of gas in Luxembourg’s energy mix

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The parties emphasized the high share of natural gas in the energy mix of Luxembourg and its key role in power generation. It was noted that gas-fired power plants had a number of advantages, including eco-friendliness and economic efficiency. The share of natural gas in Luxembourg’s energy mix is 26 per cent. However, over 90 per cent of electricity in the country is generated by gas-fired power plants. ... Read More »

European Waterways launches its 2016/17 Cruise Brochure


The new, full-colour, fully-illustrated brochure, enlarged to 80 pages, highlights all of the company’s 17 vessels, including for the first time the new, double-decker, hotel barge Finesse, which will commence cruising the scenic River Saône and Canal du Centre in Southern Burgundy from May 2016. Built and designed to exacting standards with luxury in mind, Finesse will offer accommodation for up to 8 passengers in four spacious twin or double-bedded suites, each air-conditioned and with beautifully appointed shower-rooms. Says Derek Banks, ... Read More »

The importance of quality education and equality of opportunities in Early Childhood Education an Care


For the Minister of Education, Children and Youth, Claude Meisch, Luxembourg is the right place to hold such a conference because it "is the leading country in Europe in terms of diversity and heterogeneity of students". He believes that this reality will gain importance in other Member States given migratory pressures. During his opening speech, the Minister observed that Luxembourg is a trilingual State and that the growth of the resident foreign population to 45% of the population "considerably modifies the linguistic environment and the lan... Read More »

SGG Group finds new financial partner Astorg


Cobepa sells SGG to Astorg-Partners and management SGG, one of the leading independent Trust & Services providers in the Benelux, has been sold by Cobepa to Astorg-Partners (“Astorg”) and SGG’s management for an undisclosed amount. Established in 1953, and headquartered in Luxembourg, SGG is a leading independent Trust & Services provider in Luxembourg, the Netherlands and Curaçao with c.550 professionals. It offers a comprehensive range of value-added services, providing tailored solutions primarily focused on corporate and ins... Read More »

Free movement: end of the first phase of transitional period for Croatian workers


Belgium, Cyprus, France, Germany, Greece, Italy, Luxembourg and Spain have decided to allow Croatian citizens full access to their labour markets. They will therefore fully apply the EU legislation on free movement of workers as of 1 July 2015. Austria, Malta, the Netherlands, Slovenia and the United Kingdom have decided to maintain their restrictions for another three years. Remaining Member States granted Croatian workers all free movement rights already on accession on 1 July 2013. Commissioner for Employment, Social Affairs, Skills a... Read More »

Cargolux adds Turkmenbashi to its network


Turkmenbashi becomes Cargolux’s fifth destination in Central Asia, together with Baku, Novosibirsk, Almaty and Tbilisi. The new commercial Cargolux services connect Turkmenistan to the airline’s worldwide network of 90 destinations. Cargolux will also cooperate with Turkmenistan Airlines to enhance the number of cargo destinations both carriers can offer to their customers. Cargolux can now also better serve surrounding markets such as Kazakhstan and Uzbekistan. Turkmenbashi offers an attractive geographical location and the airport, in s... Read More »

BIL: Investment Plan for Europe


This is the first transaction in Luxembourg to benefit from the support of the European Fund for Strategic Investments (EFSI) through which the Investment Plan for Europe will be deployed by the European Commission and the EIB Group. The new agreement allows BIL to provide EUR 60 million of finance to innovative companies in Luxembourg over the next two years. The loans will be backed by a guarantee of the EIF, enabled by the InnovFin initiative with financial backing from the Commission's Horizon 2020 programme. The agreement signed toda... Read More »

The BIL2020 strategic vision and priorities


To achieve this ambition, BIL has adopted a number of strategic priorities in order to better serve the Luxembourg market and a selection of international strategic markets. In Luxembourg, BIL aims to build its multi-business universal bank model and to deepen its ties with its clients, including companies and financial institutions. Gathering its multi business expertise under a single and identical brand, BIL's priority is to meet, through its retail and corporate banking, wealth management and financial market activities, the expectations... Read More »

Cargolux celebrates 10 years of healthcare flights to Indianapolis


Cargolux and DB Schenker started the first Indianapolis service in 2005 with a weekly flight and added a second weekly flight the year after. Ten years later, Cargolux serves 15 destinations with healthcare flights for DB Schenker. The 36 pallets of pharmaceuticals carried on 5 March required a constant ambient temperature of 20° C throughout the aircraft, made possible by the four independently adjustable air conditioning zones in Cargolux’s 747 freighters, who are ideally suited for this and other perishable, as well as livestock, shipment... Read More »

Cargolux receives its 30th new Boeing freighter since 1979


Cargolux named its latest freighter ‘Joe Sutter – Father of the 747’ in honor of the man who designed the 747 in the 1960s. The naming came as a surprise to Mr. Sutter, who only found out during the unveiling of the aircraft during the departure ceremony at Boeing’s Paine Field yesterday. Joe Sutter, born in 1921, joined the Boeing Company in 1940, working at Boeing Plant 2 while studying aeronautical engineering at the University of Washington. He later became manager of the design team for the Boeing 747 under Malcolm T. Stamper, the head ... Read More »

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