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The UK formally left the European Union on December 31

€5 billion Brexit support fund contains design risks, ECA warns

With no requirement to inform Commission in advance, money risks ending up in "sub-optimal or ineligible" schemes
by John MONAGHAN 2 min. 01.03.2021
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Exit strategy: marketing your business for sale

In this interview, Christophe Vandendorpe and Pierre Kuntzelmann from EY Luxembourg´s Strategy and Transactions team, discuss prepping your business for a successful sale.
Luxembourg's economy suffered less of a shock last year than had been previously feared, Statec said
Commissioner for Jobs and Social Rights Nicolas Schmit
Ernst & Young Luxembourg
Alexey Navalny
Luxembourg Labour Minister Dan Kersch
Israeli Prime Minister Benjamin Netanyahu
A view of the Aviva office in London
A vaccine vial handled in Luxembourg
The Kirchberg business district in Luxembourg City
News round-up

Five stories you may have missed

In case you missed them, the Luxembourg Times has selected five of the best stories from the past week
2 min. 27.02.2021
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#13 - with John Ryan

In the 13th episode of our health Podcast we talked to John Ryan, the Director Public Health at the Directorate-General for Health and Food Safety (DG Santé). We asked him about European coordination work in the pandemic, DG Santé’s role in it and how it is involved in the vaccination against COVID-19.
Private security agents have been operating in the Gare district of Luxembourg City since December last year
Rules now clarify the rules around the use of electric scooters
The Chairman of the Board of Hôpitaux Robert Schuman, Jean-Louis Schiltz, at the press conference on Thursday
Demonstration for more tax transparency in Berlin
EY admitted that its reputation had been hit by the fraud uncovered at Wirecard, which collapsed into insolvency last year

EY overhauls German partnership in effort to repair Wirecard damage

Raft of changes announced at audit firm following criticism of handling of one of Germany's largest accounting frauds
3 min. 26.02.2021
Mitsubishi bank is located just outside of Luxembourg City

Mitsubishi bank could cut more than 10% of workforce

Union Aleba said on Thursday it would begin talks with the bank
by Kathryn OGLESBY 25.02.2021
Mediahuis acquired the Luxembourg Times and other titles in the Saint-Paul Luxembourg group in April last year
Austrian company Plansee Group has gained control over the Luxembourg firm Ceratizit, although the exact details of the deal have not been disclosed
SES headquarters in Betzdorf north of Luxembourg City
Volvo Cars and Geely had said a year ago that they were considering combining their businesses
Paolo Gentiloni, the EU’s economic affairs commissioner, says the bloc's fiscal policy needs to be adapted
Economic recovery

EU’s economy chief calls for new fiscal rules to aid recovery

Measures should be adapted to help boost countries struggling with recessions caused by pandemic, says Commissioner Paolo Gentiloni
2 min. 26.02.2021
A passenger arrives for an American Airlines flight at O'Hare International Airport in February in Chicago, Illinois

EU told to back vaccine passports or Google may do it anyway

Vaccine certificates could enable countries to reopen to travel
4 min. 26.02.2021
Champs Elysées, Paris, France
Luxembourg's business district on Kirchberg, where the European Court of Auditors is also based
Kirchberg, Luxembourg
US Treasury Secretary Janet Yellen
Taxing tech

US removes stumbling block to global deal on digital tax

Biden administration drops insistence on ‘safe harbour’ for companies, opening door to agreement
3 min. 27.02.2021
US President Joe Biden
Joe Biden ordered the strikes after US facilities in Iraq in recent weeks, according to the Pentagon

A taste of 17th century Florentine art

How Europe’s richest bankers flaunted their wealth 400 years ago
by YASEMIN ELÇI 2 min. 18.12.2020
Diane Jodes, Apple Dreams Photo: Yasemin Elçi
Vanessa Springora, the author of "Le Consentement". Photo: JF Paga
The Egyptian Theatre in Park City, Utah, which takes part in the Sundance Film Festival, where Kajillionaire premiered this year. Photo: Shutterstock.
Appointments should be made online once you receive your invitation letter containing a code, much like the large-scale testing system

Getting vaccinated

The invitation phases, registering and vaccination centres – a guide to Luxembourg’s Covid-19 vaccination programme
by Sarita RAO 5 min. 26.02.2021
Spice up your usual menu with a visit to a speciality food store
Taking the time to think about the surroundings you want
Listen to woodpeckers, watch butterflies and spot new buds Photo: Laurent Jacquemart
Stay fit