Luxembourg – a grand duchy with grand opportunities
The Grand Duchy of Luxembourg is an important financial center and has the second-highest per capita income in the world. In addition, it is the administrative seat of several government agencies of the European Union.
Luxembourg’s economy is shaped to a significant degree by the banking and insurance sectors as well as the steel industry. However, wine production and agriculture also play an important role. The Grand Duchy is renowned for its beer and the white wine cultivated in the Mosel valley.
Bordered by Belgium, France and Germany, Luxembourg’s national language is « Letzeburgisch», which is closely related to German. For most Luxembourgers, German is their second language and is also used in the media. French is the official administrative language.
Overview of Luxembourg
2586 km2 of land space with a population of approximately 483,800
Central location in Europe
Currency: the euro
Constitutional parliamentary monarchy
Domicile of important European institutions: European Investment Bank, European Court of Justice
VP Bank and Luxembourg
VP Bank (Luxembourg) S.A. was founded in 1988 as a wholly owned subsidiary of Liechtenstein-based VP Bank. Our highly qualified, multilingual staff offer a broad palette of services that cover all aspects of asset management.
