International Business Communication Luxembourg
Luxembourgian business culture
Did you know about business culture in Luxembourg? Watch this video animation to find out some interesting facts:
Business Culture in Luxembourg is characterised by: business communication, business etiquette, business meeting etiquette, internship and student placements, cost of living, work-life-balance and social media guide.
Geography & Population
Luxembourg is located in Northern Europe and is bordered by Belgium, France, and Germany. Luxembourg forms part of the main urbanization and development axis of Europe known as the ‘Blue Banana’, which stretches from the West of England to Milan. The northern part of the country forming part of the Ardennes is known as the ‘Oesling’ and is dominated by hills and low mountains. The southern part of the country called the ‘Gutland’ is more densely populated. It is also more diverse and can be divided into five geographic regions: the Luxembourg plateau, Little Switzerland, the Moselle valley, the Valley of the Seven Castles and the Red Lands. The south west is part of the Luxembourg-Lorraine mining basin, once one of the most productive iron and steel manufacturing regions worldwide.
Luxembourg is the smallest country in the European Union with a population of about 510, 000 in an area of 2, 586 square kilometres. The national language is Luxembourgish, which is a blend of Dutch, old German, and Frankish elements that is spoken by the majority of the native population. French and German are also official languages.
Luxembourg has a moderate continental climate, characterized by mild winters and cool summers. The high peaks of the Ardennes in the north provide shelter from the rigorous north winds. Rainfall is plentiful with precipitation throughout the country averaging about 75 cm annually.
As Luxembourg is in Central Europe it uses Central European Time and adheres to CET (UTC+1) during the winter and CEST (UTC+2) during the summer.
Luxembourg’s high-income market economy features moderate growth, low inflation, and a high innovation level. According to the nominal value of GDP, Luxembourg ranks in 94th place globally; however GDP per capita is around $80, 000, which ranks the country in 2nd place in the entire world. Luxembourg plays host to many European Union institutions like the Commission of the European Community, the Court of Justice of the European Communities, the European Statistical Office (EUROSTAT), the Publications Office and the General Secretariat of the European Parliament.
Free movement of goods is allowed between Luxembourg and member states. The political government of Luxembourg consist of a representative democracy with a constitutional monarch, whereby the Prime Minister of Luxembourg is the head of government and legislative power is vested in the Chamber of Deputies who are elected to 5-year terms.
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How international are the international business journals?
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