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Number of Luxembourg entrepreneurs above the European average
Luxembourg

Number of Luxembourg entrepreneurs above the European average

24.10.2017 From our online archive
The main aids to Luxembourg entrepreneurship are infrastructure, physical and immaterial and the barriers are a shortage of office space and qualified employees

Luxembourg's entrepreneurs -- people running their own business for three months to 42 months -- made up 9.2% of the working population last year, Statec, the country's statistics office, said on Tuesday.

That compares with a European average of 8.6% and stable compared with previous years, Statec said in a statement. The study was carried out by the Economy Ministry and Chamber of Commerce as part of the international Global Entrepreneurship Monitoring (GEM) programme. 

"People running entrepreneurial enterprises in Luxembourg are primarily motivated by the desire for independence rather than economic necessity," Statec said. "The main aids to Luxembourg entrepreneurship are infrastructure -- physical and immaterial -- and the barriers are a shortage of office space and qualified employees."

People consulted in the course of the study said Luxembourg's primary and secondary education systems are not sufficiently encouraging pupils to show personal initiative, it said. Still, training and awareness programmes have led 11% of people in the country to be interested in becoming entrepreneurs, it said.

The GEM programme showed the equivalent figures for Germany was 4.6% and for France 5.3%, Statec said. It is a study of 64 countries and aims to study attitudes and citizens' views of entrepreneurship.

(Alistair Holloway, alistair.holloway@wort.lu, +352 49 93 739)