In an election year, the Chamber of Commerce has been very active in informing the representatives of the 100,000 businesses it represents, as well as the entire economic and social world. Photo: Romain Gamba/Maison Moderne/Archives

In an election year, the Chamber of Commerce has been very active in informing the representatives of the 100,000 businesses it represents, as well as the entire economic and social world. Photo: Romain Gamba/Maison Moderne/Archives

On Wednesday 10 July, the Chamber of Commerce published their annual report. Here’s a selection of a few key figures.

- The Chamber of Commerce represents the interests of 100,000 businesses (excluding the craft and agricultural sectors). These account for 75% of salaried employment and 80% of the country’s GDP.

- 64% of businesses cite labour costs as one of their main challenges.

- €100m has been raised by startups since 2018: this cumulative amount has been achieved thanks to the acceleration programmes and support offered by the Luxembourg-City Incubator (LCI). Startups such as Salonkee and Gamma AR have played a key role in this success.

- €14m in revenue for Salonkee: in just four years, Salonkee (which provides online reservation and operating systems for hair and beauty salons) has generated significant revenues and created 160 jobs, illustrating the rapid growth potential of startups supported by the LCI.


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- 32,641 registrations for House of Training courses: in 2023, more than 3,000 businesses benefited from these courses, spread over 21 areas, underlining the Chamber of Commerce’s commitment to the development of continuing professional skills.

- 353 opinions drafted: as it does every year, the Chamber of Commerce takes a stance on a wide range of issues, from taxation and the environment to social security and employment.

- 2,452 tonnes of CO2 emitted: the Chamber of Commerce’s carbon footprint for 2022 shows a 13% increase on 2021, mainly due to the impact of the post-covid-19 recovery and more complete financial data.

- 72 signatories to the National Business and Human Rights Pact: these companies have committed to respecting human rights within their value chain, an initiative coordinated by the House of Sustainability and the ministry of foreign affairs.

- 1,655 company visits: these visits helped to refine the needs of tutors in their support of apprentices, reflecting the Chamber of Commerce’s commitment to vocational training and apprenticeships.

- 2,852 future company founders received information during webinars: these sessions provided essential information on setting up a business in Luxembourg.

- 350 participants at the launch of the House of Sustainability: this April 2023 event underlined the commitment of Luxembourg companies to sustainable practices and the ecological transition.

- 10.9% of investors approached settled in Luxembourg: as part of the Investor Care Platform, this settlement rate demonstrates Luxembourg’s attractiveness to international investors.

- 36,521 visitors to information points: located in Kirchberg, Esch-sur-Alzette and Mondorf-les-Bains, these points attracted many entrepreneurs seeking advice and information.

- 46 foreign investors supported: mainly from the United States, South Korea and Canada, these investors were supported in various sectors, particularly ICT/digital & data-driven activities.

- 181 SME Packages--digital accounting: these packages helped Luxembourg SMEs to digitise, demonstrating a strong commitment to innovation.

This article was originally published in .