| THE FINANCIAL CENTRE'S NEWSLETTER
DEC. 2017 | NEWS | 
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| Sompo becomes third Japanese insurer to set up EU base in Luxembourg Japanese insurer, Sompo International, has become the latest leading Japanese financial institution to announce plans to establish its new European insurance headquarters in Luxembourg following the UK's decision to leave the European Union. | | | 
| Luxembourg and Japan fintech hubs sign MoU | In the margins of the Luxembourg State visit to Japan, the Luxembourg House of Financial Technology (LHoFT) has signed an MoU with the Fintech Association of Japan (FAJ). This MoU was signed by Nicolas Mackel, CEO of Luxembourg for Finance, on behalf of the LHoFT. |
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| Italy: a key market for Luxembourg's financial services industry | Luxembourg for Finance organized a seminar in Milan, in the presence of TRH Crown Prince Guillaume and Princess Stéphanie as well as Minister of Finance Pierre Gramegna. Around 300 professionals from the financial services industry attended the event. |
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| Hub for attracting foreign talent | The latest IMD World talent report 2017 ranks Luxembourg first in the EU and fourth worldwide for attracting foreign talent. The Grand Duchy comes 10th overall of the list of countries that are best at attracting, developing and retaining talents in their territory. The report analyses the attractiveness of 63 countries worldwide for attracting talent. |
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| In the top 10 worldwide for ICT development | Luxembourg ranks 9th in the world when it comes to developing information and communication technologies (ICT) according to the latest ICT development index 2017 published by the International Telecommunication Union (ITU), a specialised United Nations institution. |
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| Luxembourg climate finance initiatives showcased at COP23 | The Luxembourg government and the European Investment Bank were present at the COP23 in Bonn with a joint pavilion, hosting various workshops and seminars over the two weeks of the COP on climate finance and climate projects by the EIB as well as by the Luxembourg government and financial services industry representatives. |
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| Orsted lists a 1000-year hybrid bond on the Luxembourg Green Exchange | Danish energy company Orsted issued its first green bond listed on the Luxembourg Green Exchange. The EUR 500 million bond is due in 3017 and will be used to refinance offshore wind farms, sustainable bioenergy, energy storage and smart grid projects, as it moves away from gas and oil extraction. |
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| LUXEMBOURG CLIMATE FINANCE INITIATIVE INVESTS IN RENEWABLE ENERGY FUND | As announced during the UN Climate Change Conference – COP23, a joint initiative between the European Investment Bank (EIB) and the Luxembourg government will invest €5 million to support energy efficiency and renewable energy developments. Through its public-private partnership structure, the GGF is able to leverage public financial resources with private investments. |
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| | EVENTS |
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| | FT BREXIT AND BEYOND SUMMIT | Nicolas Mackel, CEO of Luxembourg for Finance, will speak at the FT Brexit and Beyond Summit organised by Financial Times Live in London on Wednesday, 6 December 2017 (Venue: Park Plaza Westminster Bridge) | READ MORE |
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| FinTechStage Luxembourg 2018 | FinTechStage Luxembourg will be back! Stay tuned for the third edition of the conference which will take place on 1 March 2018 at Cercle Cité in the heart of Luxembourg City. | READ MORE |
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| | VIDEO |
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| | | | MORE ON... |
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| Look closer : SurprisingLux | Discover new surprising facts and little-known facets of Luxembourg revealing the strength and diversity of the Luxembourg economy. |
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