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Who will be the Airbnbs & Ubers of this crisis? - Delano

The 2008 financial crisis gave way to hundreds of successful new global businesses or products and services that today we can’t live without. So, what new products and services will emerge from the current crisis? Whatsapp, Airbnb and Uber were all developed or launched in the aftermath of the 2008 financial crisis, showing how innovative startups can emerge from economic crises. The early signs are looking promising for Luxembourg’s startup scene at least in terms of the volume of people catching the entrepreneurial bug. “We got more requests in 2020 from people willing to launch their business than in 2019,” Lucile Barberet, CEO of startup support platform Nyuko told Delano. Even if they were only from “very early-stage entrepreneurs” interested in established “one-person companies”, Barberet says it shows people have used this extraordinary time to “reflect on their professional path and felt the urge to change it.”

Pierre Gramegna: "We ain't seen nothing yet" - Delano - Luxembourg in English

Mackel to lead LFF until 2025 - Delano - Luxembourg in English

Nicolas Mackel reconduit chez LFF jusqu'en 2025

headwinds

Submitted 01/02/2021 - 9:23am Luxembourg’s economic stability and the expertise available in its specialised eco-system continues to attract global financial firms, amidst the Covid-19 pandemic, with 82 new entities being licensed to operate by the country’s two financial regulators during 2020. The Grand Duchy saw licences granted to five new banks, 11 new Management Companies, four new investment firms, four reinsurers and others such as support PFS and specialised PFS institutions, payment institutions and e-money institutions. Luxembourg continues to be particularly attractive for alternative investment fund managers (AIFMs) with 18 new AIFMs and 31 new “light” AIFMs licenced in the year.   Nicolas Mackel, CEO of Luxembourg for Finance, says: “The past year has been unlike any other in recent history. The financial industry managed to switch within a matter of days to remote working. More importantly, it proved resilient. This is certainly in large part due to the