LG 200

More documents

Recommendations

Info

80 <strong>LG</strong> JUILLET/AOÛT 2017 FINANCE The contribution of the Luxembourg financial center to the European economy Luxembourg has developed a particular cross-border expertise in financial services that differentiates it from other financial centers in the EU. Thanks to this unique specialization in international financial services and products, the Luxembourg financial center benefits European businesses and citizens and contributes to the European economy. Attracting capital and boosting liquidity in Europe As the second largest exporter of financial, insurance and pension services in Europe (after the UK) and Europe’s largest investment fund center, Luxembourg offers a solid platform for international investors to access diverse investment opportunities. With 3.9 trillion euros AuM and funds distributed in over 70
<strong>LG</strong> JUILLET/AOÛT 2017 81 countries, Luxembourg attracts investment into Europe from other parts of the world, and in turn, delivers the capital that is needed for households and businesses to borrow, invest and grow. Investment funds inject finance into the real economy by investing in European equities and corporate debt. In 2016, Luxembourgdomiciled funds held a total of 1,422 billion euros in debt and equities invested in Eurozone and a further 358 billion euros in other EU Member States. In other words, by purchasing 1,780 billion euros in assets in EU economies, investment funds provided companies with working capital for significant capital expenditure and helped governments to deliver essential public services and generate economic growth. The presence of investment funds on such large scale in Luxembourg also means that large volumes of deposits are made with banks in Luxembourg. Subsequently, these banks provide the liquidity that is needed within their group to issue loans to businesses and households throughout Europe, making Luxembourg central to the functioning of the European and global financial system. Ensuring the efficient allocation of resources to European governments and businesses Not only Luxembourg investment funds and banks play a vital role in the European financial system. In fact, European businesses have a range of options through which they can access capital. These include issuing bonds or shares, as well as various forms of bank loans. For businesses across Europe, bonds represent a vital source of finance. Raising debt helps to make them less vulnerable to external shocks as in the last financial crisis. In 2015, non-financial corporations raised 186 billion euros in external finance through bonds listed on the Luxembourg Stock Exchange. The major users were companies operating in the service sector, such as Carrefour and McDonald’s, which issued 93 billion euros in bonds. Second and third were the utilities (for example, Eni) and manufacturing sectors (such as Daimler and Heineken). Local and national governments, as well as supranational bodies also use bonds for longterm investments in public services, school refurbishment, new motorways, defense equipment, or refinancing of existing debt. In fact, governments in the EU funded 72% of their debt finance through bonds in 2015. In the same year, eight Member States, as well as supranational bodies like the EU and the European Stability Mechanism (ESM), raised debt finance through bonds listed in Luxembourg. Source photo LFF // Copyright Luxembourg Photography © by Christophe “Luxembourg offers a solid platform for international investors to access diverse investment opportunities” Funding investments in infrastructure Infrastructure funds provide the opportunity to invest in essential public assets, such as roads, airports and rail facilities. Given the nature of infrastructure projects, these loans tend to be long-term. For example, the new airport in Zagreb is financed by the Luxembourg-domiciled Marguerite fund. It tackles problems of outdated airport infrastructure and insufficient capacity. Improvements in air infrastructure helps to boost productivity, making Croatia a more attractive place to do business and to visit. The Marguerite fund is also supporting major investment in virtual infrastructure. Over the next five years, it is helping to finance the development of the broadband network in rural Alsace in France that will see as many as 380,000 households and
Page 1 and 2:
Juillet/Août 2017 | n˚ 200 www.ge
Page 3 and 4:
EDITO LG tourne une page C’est en
Page 5 and 6:
LG JUILLET/AOÛT 2017 5 FINANCE 84
Page 7 and 8:
LG JUILLET/AOÛT 2017 7 52 | FRANK
Page 9 and 10:
Xavier Bettel
Page 12 and 13:
12 LG JUILLET/AOÛT 2017 La questio
Page 14 and 15:
14 LG JUILLET/AOÛT 2017 ICT Tablea
Page 16 and 17:
16 LG JUILLET/AOÛT 2017 ICT Pour u
Page 18 and 19:
18 LG JUILLET/AOÛT 2017 ICT Un cof
Page 20 and 21:
20 LG JUILLET/AOÛT 2017 Table rond
Page 22:
22 LG JUILLET/AOÛT 2017 MERCREDI 2
Page 25 and 26:
SENSIBILISATION | PRÉVENTION | FOR
Page 27 and 28:
Norman Fisch
Page 29 and 30: Henri Prevost Une plus-value Henri
Page 32 and 33: 32 LG JUILLET/AOÛT 2017 ENTREPRENE
Page 34 and 35: 34 LG JUILLET/AOÛT 2017 Rendre à
Page 36 and 37: 36 LG JUILLET/AOÛT 2017 ENTREPRENE
Page 38 and 39: 38 LG JUILLET/AOÛT 2017 La pauvret
Page 40 and 41: 40 LG JUILLET/AOÛT 2017 Une innova
Page 42 and 43: 42 LG JUILLET/AOÛT 2017 BRÈVES MI
Page 44 and 45: 44 LG JUILLET/AOÛT 2017 MOBILITÉ
Page 50 and 51: Parce qu’il n’y a rien de mieux
Page 58 and 59: 58 LG JUILLET/AOÛT 2017 Du positif
Page 60: 60 LG JUILLET/AOÛT 2017 BRÈVES CO
Page 63 and 64: Première peinture 100% biosourcée
Page 65 and 66: LG JUILLET/AOÛT 2017 65 Quand le P
Page 67 and 68: Réduisez les coûts de votre pisci
Page 69 and 70: LG JUILLET/AOÛT 2017 69 et automob
Page 71 and 72: Par le biais de notre service de lo
Page 73 and 74: Laurent Majerus, responsable de l
Page 75 and 76: Ären Reesbüro zu Eechternoach Age
Page 77 and 78: Trusted Services Europe Innovate &
Page 79: OPEN for business ING Luxembourg, S
Page 83 and 84: THINK GLOBALLY, ACT LOCALLY GREEN P
Page 85 and 86: Philippe Pierre
Page 87 and 88: Denise Voss Source photo: ALFI
Page 89 and 90: SOLUTIONS & PRODUITS ÉLECTRIQUES P
Page 91 and 92: “Un chef d’entreprise doit savo
Page 93 and 94: L’IUIL... ET LA FORMATION CONTINU
Page 95 and 96: Martin Gutwillinge
Page 97 and 98: LG JUILLET/AOÛT 2017 97 «Nous ne
Page 99 and 100: Une carrière à l’international
Page 101 and 102: Carlos Pereira Marques
Page 104: Les robots vous font rêver… …
show all

LG 200

Create successful ePaper yourself

Delete template?

Save as template?