- Luxembourg’s stock exchange on Thursday extended the Luxembourg Green Exchange (LGX) platform to open a new space dedicated to social and sustainable investments (S&S). More than €5b in securities from five different issues has already been posted on the tool, which applies a similar acceptance procedure to the green bond and puts transparency first.
- Inflation rose in Europe in April, according to Eurostat, which reported an annual inflation rate of 1.9% across the Eurozone and 2% across the EU. Both rises were linked to fluctuations in fuel prices. The month before, the inflation rate was at 1.5% and 1.6% respectively.
- BMW is the car of choice in Luxembourg, which has the highest proportion of BMW’s per 1,000 inhabitants of any country in the world, according to Belux group chief Peter Henrich. He announced the news during his first trip to Luxembourg following his nomination in January, 2017.
- Belgian budget supermarket chain Colruyt will open its fourth shop in Luxembourg in November 2017. The shop will be located in Weiswampach in the north of the country.
- Luxembourg’s parliament will vote this autumn on the reform of commercial leases, ending the practice of paying key money when subletting and introduce an eviction indemnity in some cases.