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Retail banking in Luxembourg remains stuck in analogue mode, according to a recent report from a Big 4 consulting firm. Pictured: Pascal Martino of the consultancy Deloitte speaks during the firm’s “Digital innovation and the opportunities ahead” conference in December 2016. Photo: Marion Dessard 

Banks in the grand duchy are making the digital transition too slowly, according to the latest Deloitte Digital Luxembourg study. The consulting firm opened accounts at 10 banks to anonymously test 230 criteria, in categories from cybersecurity to site usability. “Currently, it’s still impossible to secure an online loan from any of the institutions tested,” said the consultancy’s Pascal Martino.

Is Luxembourg truly an emerging fintech hub? Six industry executives share their perspectives in this special report.

After weeks of heated direct talks, the first mediation session between representatives of air traffic controllers and Air Navigation Administration managers, under the auspices of the infrastructure minister François Bausch, was held in a “calm” atmosphere. The second mediation session is scheduled for 6 July.

The rate of inflation dropped from 1.9% in April to 1.7% in May.

11% of Luxembourg residents consume five or more glasses of alcohol at the same sitting at least once a week, considered too much. That’s more than double the EU average of 5.5%. More than 40% of Luxembourg said they drank at least once a week, compared to 30% for the entire EU.