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In a globalised world, human capital is a key factor in national competitiveness because it is the source of innovation and sustainable growth. Countries are competing to develop human capital, as well as to attract and maintain it across their territory. It is in this context that the business school INSEAD, together with the Human capital and leadership institute and Adecco, have published beginning 2015 the second edition of the "Global Talent Competitiveness Index" (GTCI). It is a composite index based on an input-output model enabling the evaluation of, on the one hand, measures implemented to develop human capital and, on the other hand, the performance of such measures implemented. The GTCI measure two types of skills: average / technical skills of the workforce (LV skills) and high-end skills (GK skills) necessary for innovation and entrepreneurship. A total of 65 indicators have been applied for this edition, across 93 countries worldwide. The GTCI scores between 0 (worst performance) and 100 (best performance). In this 2015 edition, the GTCI world ranking is topped by Switzerland (71,46), followed by Singapore (70,72) and Luxembourg (70,15). The Netherlands are ranked 12th, Belgium ranks 18th, Germany 14th and France 23rd.     The report provides the following with regards to Luxembourg: "Luxembourg (3rd) continues the trend of high performance distributed evenly across the Input (3rd) and Output (1st) sub-indices. As a small country that has a built an international reputation as a centre of finance and industry, it occupies top spots on the Retain (1st) and Attract (2nd) pillars, driven by high scores on External openness (2nd) and Sustainability (1st). Given its population limitations, Luxembourg prefers to attract talent from outside rather than develop it internally. Aside from its ability to attract and retain, its talent infrastructure leaves room for improvement in domains such as its Market (29th) and Business (62nd) landscapes, Formal education (27th) and Lifelong learning (21st), which ultimately affect its rankings on the Enablers (24th) and Grow (16th) pillars. Luxembourg’s Ease of doing business (48th), Intensity of local competition (44th), and Difficulty of hiring (85th) and redundancy (47th) could also be bolstered. As befits a financial and industrial headquarter hub, the country displays high levels of FDI inflow and Prevalence of foreign ownership (ranked 1st on both), in addition to Male adult migrants (1st), Female adult migrants (4th) and Brain gain (6th). It shows robust performance across both the LV skills (6th) and GK (1st) pillars. Within these, it leads the world on Talent impact and Labour productivity (ranked 1st on both), but underperforms on Employable skills (21st) and Higher skills and competencies (19th). While this is largely due to its limited stock of human capital, others areas such as the State of cluster development (20th), Relationship of pay to productivity (38th) and Sophisticated exports (38th) could be improved". Access the full report of the Global Talent Competitiveness Index.
Luxembourg cleantech company APATEQ has announced that it has closed a € 5.8 million financing round. The investor group, all from Luxembourg, was led by Mosmart International S.A., an investee company of Reinet Fund S.C.A. F.I.S., a closed-end specialised investment fund, together with Eurobéton S.A. and the company’s founders.  APATEQ will utilise the funds to further develop and commercialise its proprietary oil-water separation systems internationally. Private investors funded the hardware-based cleantech company APATEQ since inception in 2013. The company developed several solutions in the field of oil-water separation and water & wastewater treatment and it is predominantly focusing on oil & gas customers in North America and Europe. In order to pursue its business plan and further develop the oil-water separation segment, APATEQ embarked upon a financing initiative amongst institutional investors that culminated in the closing of a € 5.8 million funding round, led by Luxembourg-based Mosmart International. Mosmart International has developed proprietary and natural solutions that enable rapid and on-site treatment of wastewater and waste gases. APATEQ angel investor and majority shareholder of Eurobéton S.A., Robert Dennewald, comments: “We are delighted to welcome synergistic partner Mosmart International to the APATEQ shareholder circle. APATEQ’s management demonstrated exemplary entrepreneurial skills in the company’s start-up phase, evidenced by revenues within months of its creation, important international prizes and a rapidly expanding sales pipeline. The fact that APATEQ as a Luxembourg company was able to secure funding from an esteemed Luxembourg-based investor group makes us particularly proud and strengthens our success story ‘Made in Luxembourg’.” “The funding enables us to accelerate the market penetration of our oil-water separation systems in North America,” states APATEQ CEO and co-founder Bogdan Serban. “Our compact, chemicals-free and cost-effective solutions address the most demanding market needs and the trials we have conducted in the US late in 2014 have strongly re-affirmed the competitiveness of our equipment even under the currently depressed and fluctuating oil price scenario.” APATEQ plans to establish a subsidiary in North America around mid-2015 to directly market “OilPaq”, its containerised, on-site oil-water separation system. In addition to the current sales model, a lease/rent option is envisaged. Read the full press release by Apateq.
Traffic increase for the 5th consecutive year After a record year in 2013, the airport of Luxembourg achieved a double-digit growth again in 2014. Almost 2.5 million passengers were carried, an increase of 12.3%.  In one year, 270,000 additional passengers were welcomed. The growth can be mainly attributed to the airline companies who have expanded their network, such as the three new destinations serviced by Luxair (Dublin, Stockholm and Lisbon), who also increased frequencies on several other routes (Milan, London, Copenhagen and Porto). Low-cost carrier easyjet also contributed to this rise, by launching a new service to Lisbon at the end of 2013 in addition to London and Milan. One year after its first flight in Luxembourg, Turkish Airlines has almost tripled its traffic through additional frequencies that now allow to connect Istanbul and the rest of the world on a daily basis. New prospects for growth in 2015 Traffic is expected to increase by about 8%, allowing lux-Airport to approach 2.7 million annual passengers. Luxair will significantly enhance some of its scheduled services: - Increase of aircraft size to Rome, Nice, Madrid, Munich and Barcelona; - Additional frequencies to London City, Hamburg, Stockholm and Dublin; - Extension of the operation period to Venice and Bari; - Non-stop flights to Berlin. EasyJet has announced the opening of a fourth service, Porto (starting 4th June), whose three weekly flights will complement those of Luxair and TAP Portugal. Turkish Airlines will increase the capacity of its aircraft by using more Boeing 737-800 with 151 seats. Finally, a new airline, Sun Express, will set up in Luxembourg on 3rd April and will offer flights to the Turkish Riviera (Antalya), in addition to those of Luxair Tours. Read the press release on the airport traffic increase for further information.

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Luxembourg, Your European eBusiness Platform
Luxembourg, Your European eBusiness Platform
Conquer the world from your Luxembourg headquarters
Conquer the world from your Luxembourg headquarters
Conquer the world from your Luxembourg headquarters
FOCUS magazine 1 : Automotive components made in Luxembourg
FOCUS magazine 2 : A thriving space industry
FOCUS magazine 3: Environmental innovators hit the spotlight
FOCUS magazine 4: High hopes for health
FOCUS magazine 5 : Leading the way in ICT security
FOCUS magazine 6 : Making materials smarter
FOCUS magazine 7 – A home for growth
FOCUS magazine 8 - A green Heart for Logistics
FOCUS magazine 9 - Space: Expanding the frontiers of innovation
Logistics Hub Luxembourg, Putting Europe at your fingertips
Logistics Hub Luxembourg, Putting Europe at your fingertips
Logistics Hub Luxembourg, Putting Europe at your fingertips
Logistics Hub Luxembourg, Putting Europe at your fingertips
Luxembourg in Figures
Luxembourg in Figures
Luxembourg in Figures
Luxembourg, a pioneer in space
Luxembourg, an attractive IP destination - publication cover
Luxembourg, an attractive IP destination
Luxembourg, an attractive IP destination - publication cover
Luxembourg, an attractive IP destination
Luxembourg, The automotive specialist
Luxembourg, your prime business location
Luxembourg, your prime business location
Luxembourg, your prime business location
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