Delano News
The reference for economic, political and financial news coverage in Luxembourg in English.
Mortgage interest rates stabilising around 4.7% | Delano News
Jan 22, 2024 · The variable rate for household mortgage loans remained between 4.7% and 4.8% in the five months leading up to November 2023, as indicated by data from the Central Bank of Luxembourg (BCL), suggesting that the rates have plateaued.
“Eltif 2.0 will extremely positively impact Luxembourg” - Delano
Apr 10, 2023 · As part of this series, we asked , partner and global head of investment funds at the law firm Linklaters, about how Eltif 2.0 would impact Luxembourg, in particular from a legal point of view.Bernard told Delano: “Eltif 2.0 will extremely positively impact Luxembourg. What differentiates Luxembourg from other countries is that we have a very flexible toolbox--we have a number of different ...
Six months later: how the tax chamber is doing | Delano News
Mar 18, 2024 · In September 2023, the Administrative Court created a fifth chamber devoted specifically to taxation. Six months later, the court believes it has become more efficient in dealing with the growing complexity of tax disputes, though …
Parliament adopts tax credit for dual transition | Delano News
Dec 19, 2023 · No more floor at €20,000 “The cost could go much further,” the minister acknowledged to MPs. Under a certain number of conditions, businesses--even sole-entrepreneurs, Roth pointed out--could obtain a tax credit of up to 18% of the bill for the digital transition or the environmental transition, including on the operational side.
AI: artificial but undeniably real | Delano News
Dec 20, 2023 · AI, short for artificial intelligence, involves the simulation of human intelligence-like processes by machines, especially computer systems. Within the expansive realm of AI applications, generative AI has taken the world by surprise, mesmerising with its near real-time human-like creativity and not to mention the immense financial impetus in startups pioneering technologies like ChatGPT.
One in five eligible households ask for housing aid - Delano
Around 60,000 households in the grand duchy rent on the private market, according to , the housing minister (Green party).Around 36,000 of these are eligible for a rent subsidy, he revealed on 1 April by DP MP Max Hahn. But, only 19.8% of these candidates actually send an application in to receive the financial support.
Fewer pension contributors and more pensioners for first time in ...
Feb 13, 2024 · In 2022, the National Pension Insurance Fund (CNAP) paid out an average of 208,212 pensions, an increase of 3.6% compared with 2021. The average number of insured contributors was 488,361 (+3.1%), giving a load factor--the ratio of pensioners to contributors--of 42.6, compared with 42.4 in 2021.
Luxembourg, European hub of digital health | Delano News
Jul 5, 2024 · This is the main focus of the second edition of the , which will take place on 14 and 15 May in Luxembourg.This international event is organised jointly by the , the in Germany, and the in Germany, as well as , knowledge and innovation communities of the European Institute of Innovation and Technology. “This European conference will provide an overview of best practice in accessing various ...
Bankruptcy law brings “rescue culture,” but also “blind spots”
Luxembourg, as of 1 November 2023, has a new law that focuses on business preservation and the modernisation of bankruptcy law. It gives other options to companies in distress, explained , a partner at Loyens & Loeff who heads the law firm’s banking & finance practice. This new law, which implements EU directive 2019/1023 on preventive …
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