With an operating loss of 33.3 million euros, de Bijenkorf closes its 2021 financial statements with solid red figures. Nevertheless, the luxury department store also comes with positive news: sales were almost ten percent higher last year than in 2020. De Bijenkorf is positive about the future, the company expects to [...]

The European Commission’s plan to classify energy from gas and nuclear power plants as Green has taken its last hurdle, when after midnight the deadline for member states to submit an objection [...]

The year 2021 was again troubled for Luxembourg agriculture: after the pandemic, the Ukraine crisis followed. The Luxembourg government has therefore met the sector with specific aid measures. On the other hand, the Luxembourg government also imposes very ambitious objectives on the agri-food sector. Agricultural [...]

Tom Smiths, currently marketing director, will be the new Head of Country for Unilever in Belgium and Luxembourg. The management change is part of the international reorganization at the brand [...]

Israeli spyware company NSO Group was valued at $ 2.3 billion by analysts at EY Luxembourg last year, shortly before the company needed a hefty emergency loan and its equity was labelled [...]

Luxembourg will spend significantly more than before on its military. Defence Minister François Bausch announced on Friday that spending should increase from 573 million euros next year to almost one billion euros in 2028. The country will then spend about one percent of its gross domestic product on defence. This [...]

The history of many busted banks may repeat itself in Ukraine soon. Dmitry Firtash, an infamous oligarch, brought another financial institution to bankruptcy. It’s Alliance Bank and it is quite important part of the financial system. The National Bank of Ukraine, which is supposed to maintain the stability of [...]

The Netherlands wants all EU member states to introduce stricter rules to curb the increasing power consumption of large data centres of tech [...]

The Luxembourg Blockchain Lab, a collaboration platform between the private sector, academia and the government, will transition into being an innovation cluster with Emilie Allaert taking the [...]

The Internal Market and Consumer Protection Committee will examine the future impact of the EU rules regulating online platforms with Facebook whistleblower Frances [...]