- According to RTL, the Chinese Legend Holdings Corporation is on the verge of buying 90% of the shares of the Luxembourg bank BIL. Currently, the shareholder is Qatari Precision Capital. Any purchase of more than 10% (a qualified purchase) must be given the green light by the European central bank, not the CSSF; whether it is a systemic bank or not. BIL has declined to comment.
- The details of the car-sharing system by the CFL, to be launched by the end of this year, are still unknown. The official launch has been reported. So far, it has only been confirmed that it will comprise a fleet of 84 vehicles, available at around 20 stations.
- Luxembourg’s economy benefits from Eurozone growth. Statec’s latest study shows that growth over the second trimester in the Eurozone was 2.2% over the past year.
- The butchers’ Krack has declared bankruptcy. Established in 1965, with two branches (Luxembourg and Hesperange), the 14 employees are now assisted by the trade union LCGB to get back any arrears in salary and benefits related to the bankruptcy.
- In 2015, the Luxembourg state has spent €4.112/inhabitant on health. However, it lies in the lower bracket with 4.6% spending of GDP; the Danes have spent 8.6% on their health sector in that year.