Cargolux signs order for ten Boeings
Luxembourg carrier Cargolux on 12 October confirmed it will replace existing 747-400 Freighter Boeings with newer 777-8 models, a move labour unions look at [...]
Finance
Vodka brands will become Benelux properties and may be rented out
Always wanted to have such a famous Russian vodka brand as Stolichnaya or Moskovskaya? That is now possible, because on december 6, a series of vodka trademarks will come under the hammer at Equilibristen bailiffs in the [...]
Yves van den Berk it the new UBS chief of ETF & Index Fund Sales in Benelux
UBS Asset Management has appointed Yves van den Berk as ETF & Index Fund Sales Benelux. With the expansion of the team, UBS AM will further expand its activities in the Netherlands, Belgium, and Luxembourg. Van den Berk will report to Marcel Danen, Head ETF & Index Fund Sales Benelux for the asset [...]
The governments are “dancing on a string” with energy support measures – Kaag
The aid that EU countries provide to their citizens and businesses to pay for energy bills must be temporary, targeted, cost-effective and targeted at the vulnerable and towards sustainability. Minister Sigrid Kaag presented this to her colleagues from the euro countries at a meeting of the Eurogroup in [...]
Bread prices rise by almost a fifth in the eurozone
The price of bread in the eurozone rose by an average of 18 percent in August compared to the same month last year, reports the European statistics agency Eurostat. In Luxembourg, the increase was less than 10 percent, according to the [...]
Creating the future: why Volgende Kft is amazing
The international fintech market has replenished with a new large and interesting player. We are talking about the Hungarian company Volgende Kft, which is actively and successfully investing in various start-ups, and also helps businesses come up with new solutions to attract [...]
ArcelorMittal Luxembourg to shut down two blast furnaces in Europe
Luxembourg-based steelmaker ArcelorMittal has announced the shutdown of two blast furnaces–located in Spain and Germany–due to soaring energy prices that are affecting its [...]
EU is weighting on contingency plan to intervene in energy market
The European Union is working on contingency plans to intervene in its energy market as pressure from member states increases to halt rapidly rising electricity [...]
CSC gets green light in Luxembourg to acquire Intertrust
CSC has received permission from a Luxembourg regulator to acquire Intertrust. The two companies announced this on Friday afternoon. CSC and Intertrust are still awaiting one remaining approval in Luxembourg for Intertrust Fund [...]
How European countries try to prevent lowering of life standards and wealth?
Belgium In Belgium they have it relatively easier than in the Netherlands. With them, a large part of wages is linked to inflation, so employees automatically have to deal with an indexation of their income. Belgium and Luxembourg are the only EU member states with automatic wage indexation. On average, the purchasing [...]