Finance and insurance may be the biggest money making activities in Luxembourg yet they only account for below 4 percent of the companies registered. Figures published on Monday by analytics body STATEC showed that there were 1,193 financial and insurance companies registered in Luxembourg out of a total 30,476 firms.
A particularly encouraging sign of solid business confidence is a 10% increase in secretarial and support roles advertised since the second quarter, and a 55% uplift compared to the same period last year. The marketing sector also had a busy summer and showed a 4% increase in the quarter and a 28% rise year on year. These sectors defied the usual summer slowdown and correlate to business growth across the country.
Luxembourg’s proportion was higher even than in Switzerland according to the inaugural Wealth Report: Europe 2014, published by Julius Baer Group. In the report is stated that 22.7 percent of Luxembourg households owned a net worth of more than 1 million euros.