News

On 16th of June, Portugal, as one of the co-organizers of the United Nations Ocean Conference (UNOC) (informally, The Ocean Conference), and Luxembourg, through the Ministry of the Economy, its Maritime Administration and the Luxembourg Maritime Cluster, have held a "Blue Talk". T

Launched in June 2020, the international consultation gathered strategic spatial planning proposals and produced ecological transition scenarios for the Grand Duchy of Luxembourg and its neighbouring border territories by 2050.

Franz Fayot, Minister of the Economy, and Sasha Baillie, CEO of Luxinnovation, presented the reshaped "Fit 4" performance programmes, which offer companies the opportunity to benefit from advice from specialised experts and public subsidies in order to improve the overall performance of their activities linked to innovation, sustainability and digital transformation.

The Ministry of the Economy launches a strategic initiative aimed at assessing the Luxembourg start-up ecosystem in order to identify further steps to bring the ecosystem towards a next level of development over the upcoming years.

At the invitation of the President of the Portuguese Republic, Marcelo Rebelo de Sousa, TT.RR.HH. the Grand Duke and Grand Duchess visited the Portuguese Republic from 11 to 12 May 2022.

As part of the economic mission organised on the occasion of the State visit of TRHs the Grand Duke and Grand Duchess to Portugal, the Minister of the Economy, Franz Fayot, made the welcome address at an event dedicated to the mutual discovery of the start-up ecosystems of Luxembourg and Portugal in Lisbon on Wednesday 11 May.

The Minister of Foreign and European Affairs, Jean Asselborn, accompanied by the Minister of the Economy, Franz Fayot, and the President of the Chamber of Commerce, Luc Frieden, welcomed the ambassadors and representatives of the ten countries of the Association of Southeast Asian Nations (ASEAN) for a working lunch at the Chamber of Commerce on Wednesday 4 May 2022.

On Thursday 21 April, Minister of the Economy Franz Fayot participated in the award ceremony of the second Circular by Design Challenge.

Prime Minister Xavier Bettel, Minister of Finance Yuriko Backes and Minister of the Economy Franz Fayot presented the so-called 'Solidaritéitspak' package to the 'Tripartite' Commission of the Chamber of Deputies on Tuesday 19 April 2022.

Following the first Joint Call for HealthTech projects launched on 1 April 2021 to companies and research and healthcare organisations, four projects have been selected among the eight submitted. The selection process, which took place in two phases, covered 17 expressions of interest.

European Space Agency (ESA) & European Space Resources Innovation Centre (ESRIC) challenged European and Canadian engineering teams to develop vehicles capable of prospecting resources within a testbed of the Moon's shadowy polar regions.

Following the first call for applications, the European Space Resources Innovation Centre (ESRIC) has selected the five start-ups to participate in the "Start-up Support Programme” (SSP) and begin their pre-incubation in April 2022.

On the last day of the working visit of the Minister of the Economy, Franz Fayot, to Germany, the Luxembourg delegation visited the digital health cluster Medical Valley in Erlangen in Bavaria.

On Monday, 28 February 2022, the government met with electricity and natural gas suppliers to discuss the exceptional energy price situation and security of supply.

Dr Kathryn Hadler, an internationally renowned scientist in mineral processing and beneficiation, has been appointed Director of the European Space Resources Innovation Centre (ESRIC) as of 1st April 2022.