The Grand Duchy of Luxembourg has been welcomed as the 51st member of the Global Green Growth Institute (GGGI) in a ceremony led by H.E. Ban Ki-moon, President of the Assembly and Chair of the Council of GGGI. This move underlines Luxembourg's commitment to sustainable finance and climate action, enhancing partnerships with emerging economies within GGGI.
Artificial intelligence is transforming industries worldwide, and Luxembourg is no exception. With its strategic position in Europe and a robust financial sector, Luxembourg is keen on integrating AI to enhance competitiveness and innovation. However, deploying AI involves navigating complex regulatory landscapes and ensuring data confidentiality, as highlighted by Jérôme Girs, Senior Consultant at NSI Luxembourg. For more information, see the main article.
The European Union's commitment to research and development has seen a significant expenditure of €352 billion in 2022, marking a 6.34% increase from the previous year. This surge in investment reflects a broader strategy to enhance innovation and competitiveness. However, Luxembourg, alongside other countries like Romania and Malta, reported an R&D intensity below 1%. For more details, see the full Eurostat report.