Small market set for growth

Howells, Jan
June 2004
IT Training;Jun2004, p13
Trade Publication
The article reports that Luxembourg's lack of size means that many companies are going outside the country for their staff training. Luxembourg is the sixth-smallest country and the only Grand Duchy in the world, measuring just 51 miles by 32 miles. It is tucked between Belgium, France and Germany and has a population of 420,000. The government is so approachable that ministers list their direct lines in the local telephone directory. But Luxembourg is far from insignificant on the world stage. It is now the world's eighth largest banking centre, boasting some 230 banks, whose modern glass offices integrate with the city's ancient architecture. It isn't surprising, therefore, to find that the Grand Duchy has more Michelin-starred restaurants per capita than any other country. Luxembourg is also an epicentre for European Union business, hosting several EU bodies, including the Court of Justice of the European Communities, the Statistical Office and the European Court of Auditors. The sessions of the Council of Ministers take place in Luxembourg three months in the year.


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