Ministry of the Economy // The Luxembourg Government
Remit
The Ministry of the Economy is in charge of the country's economic policy, thus making strategic choices and implementing the instruments necessary for the dynamism and sustainable development of the national economy, in line with its remit (French).
News
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HRH the Hereditary Grand Duke and Franz Fayot on an economic mission to South Korea followed by a working visit to Japan
From 27 to 29 November 2022, HRH the Hereditary Grand Duke will preside over an economic mission to the Republic of Korea which will be led by the Minister of the Economy, Franz Fayot, accompanied by the Director General of the Chamber of Commerce, Carlo Thelen. The trip is organised on the occasion of the 60th anniversary of diplomatic relations between Luxembourg and South Korea.
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Luxembourg reaffirms its commitment to space at the ESA Ministerial Council in Paris
The Minister of the Economy, Franz Fayot, participated in the Council of the European Space Agency (ESA) at Ministerial Level on 22 and 23 November 2022 in Paris to determine the major strategic orientations and the budget of the agency for the 2023-2027 period.
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The OECD presented its Economic Survey of Luxembourg in the presence of Ministers Franz Fayot, Yuriko Backes and Claude Turmes
On 17 November 2022, OECD Secretary-General Mathias Cormann presented the new edition of the Economic Survey of Luxembourg published by the Organisation for Economic Cooperation and Development (OECD).
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Final day of US working visit: launch of Benelux Catalyst and Luxembourg Space Finance event
The final day of the working visit to the United States, chaired by H.R.H. the Hereditary Grand Duke and co-chaired by the Minister of Health Paulette Lenert and Minister of the Economy Franz Fayot, included the launch of a start-up programme and an event on space financing in New York.
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David Papiah appointed CEO of LuxProvide S.A.
David Papiah has been appointed CEO of LuxProvide S.A. as of 2nd November 2022. Headquartered in Bissen, LuxProvide hosts the national supercomputer MeluXina and offers tailor-made High-Performance Computing (HPC), Data Analytics (HPDA) and Artificial Intelligence (AI) services.
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Third day of the working visit to the United States: Presentation of the Luxembourg-American Business Award 2022 and continuation of the visits to New York
After two intense days in Boston, the delegation arrived in New York for the third day of the working visit to the United States, chaired by H.R.H. the Hereditary Grand Duke and led jointly by the Minister of Health, Paulette Lenert, and the Minister of the Economy, Franz Fayot.
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Second day of the working visit to the United States: Azenta signs a memorandum of understanding with the Ministry of the Economy to ensure the continued development of B Medical Systems in Luxembourg
The second day of the working visit to Boston and New York presided over by H.R.H. the Hereditary Grand Duke was dominated by the signing of a memorandum of understanding on 8 November between the Minister of the Economy, Franz Fayot, and Steve Schwartz, President and CEO of Azenta.
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First day of the US working visit dedicated to the digital health ecosystem in Boston
The first day of the working visit to the United States, chaired by H.R.H. the Hereditary Grand Duke and led jointly by the Minister of Health Paulette Lenert and Minister of the Economy Franz Fayot, started in Boston.
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