The threshold was announced by education and research network coordinator Fondation Restena earlier in the summer. It reported that three quarters of .lu domain names belonged to companies, while a quarter belonged to private individuals to promote activities in the country.

Furthermore, more than half of domain names were registered by owners who live in the grand duchy. Restena, which is a member of the Council of European National Top-Level Domain Registries, says that compared to other members, the market for .lu domain names remains stable and has the highest renewal rate. “For several years, the annual growth of .lu has fluctuated between 3 and 4% and no less than 89% of domain names get renewed,” Restena wrote.