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April' 2016 | Archive | Blog

Luxembourg, the Third Most Competitive Financial Center in Europe

2016-04-08

Luxembourg was ranked the third most competitive financial center in Europe in the newly released Global Financial Centers Index. The small country managed to climb five places from last year. In 2016, Luxembourg occupies the 14th place in the overall top. This award is a confirmation that Grand Duchy is an important business and financial hub in Europe. Although surrounded by neighboring countries that also make the global index, Luxembourg manages to surpass larger countries through its competitive characteristics