A major milestone in European defence finance was reached this week as ING and four other leading banks threw their support behind the new Defence, Security and Resilience Bank (DSRB). This multilateral institution is being created to help NATO members and allied nations fund defence production, procurement, and broader security needs at a time of increasing geopolitical tension. Alongside ING, the founding financial backers include Commerzbank, JP Morgan, Landesbank Baden-Württemberg (LBBW), and RBC Capital Markets. The DSRB’s launch follows the recent NATO pledge for its members to devote 5% of their GDP to defence, marking a significant investment shift across Europe and its allies. The DSRB will issue AAA-rated bonds to enable participating countries to finance military modernization and boost supply chain resilience. Banks will contribute their financial and technical expertise, providing guidance on sovereign lending, capital structuring, risk management, and investor access. This initiative not only supports immediate security needs, but also aims to build robust long-term foundations for European and Indo-Pacific defence. The project has won endorsements from both the European Parliament and a UK government task force. A detailed plan and draft charter are now being prepared by a broad development group that brings together bankers, investment specialists, and top defence policy leaders. Plans are in place to expand the roster of partner banks as the DSRB moves from blueprint to operations—anchoring Europe’s commitment to collective security through innovative finance. https://www.ing.com/Newsroom/News/ING-backs-new-defence-bank-for-Europe.htm

Luxembourg will open a new European public secondary school in Schifflange by 2026, designed to meet the growing demand for multilingual, inclusive education among both local and expat families in the south of the country. Announced by Education Minister Claude Meisch, the project is part of the government’s ongoing expansion of Luxembourg’s European public school network. It comes as nearly half of the national population today holds a foreign nationality — a demographic shift that continues to shape public policy, particularly in education. The Schifflange school will accommodate up to 980 students, spread across 42 classes, and will offer: A complete European secondary programme, following a curriculum aligned with EU standards Integration and orientation classes, aimed at helping newly arrived or non-native students adjust smoothly A preparatory track, supporting students who need foundational academic skills before joining the main secondary stream Unlike traditional private international schools, this European public school will be tuition-free and part of the national public education system. It will offer instruction in English, French, and German, supporting Luxembourg’s trilingual education approach while remaining accessible to non-native families. The campus itself will be extensive, with facilities including sports halls, a swimming pool, a school canteen, and a youth centre. It will be located on a shared educational site alongside other secondary and vocational institutions, encouraging collaboration and broader social integration. The total projected cost of the development is €146 million, financed primarily by the Ministry of Education. Construction is expected to begin in 2025, with the school set to open its doors in time for the 2026–2027 academic year. This will be the seventh public European school in Luxembourg, joining similar institutions already established in Differdange, Mersch, Mondorf-les-Bains, and Junglinster. The success of these schools has demonstrated strong demand for a European curriculum within a free public framework — particularly among families seeking mobility across EU education systems. For parents working in the south of the country — especially near Belval, Esch-sur-Alzette, and cross-border regions — the Schifflange school represents a significant step toward more inclusive and flexible education options. It offers continuity for children from international families, while also supporting integration into Luxembourg's multilingual environment. As Luxembourg continues to grow and diversify, initiatives like this signal a forward-thinking approach to education — one that recognises the realities of a global workforce and embraces the value of inclusive, multilingual learning. Join the Luxembourg Expats community and meet people, expat friendly businesses, housing, buy-sell, events and stories luxembourgexpats.lu

Inflation in Luxembourg reached 2.19% in June 2025, the highest since April 2024, according to TradingView News. For expats living in this dynamic country, the rising cost of living may impact budgets and lifestyle choices. Rising Costs Across Key Sectors Several essential areas are driving the inflation increase: Housing & Utilities: Prices surged 5.70% in June (up from 5.38% in May). The housing market remains tight, especially in Luxembourg City, Kirchberg, and Belair. Transport: Inflation rose to 1.01% (from 0.40%), affecting fuel prices and public transport—significant for cross-border commuters. Food & Beverages: Prices increased 2.19% (up from 1.46%). Whether shopping at Auchan, Cactus, or local markets, expect higher grocery bills. Recreation & Culture: Costs climbed to 2.18% (from 1.14%)—impacting tickets for concerts, museums, and other cultural outings. Some Relief in Other Areas Not all costs are rising. Some sectors showed slowdowns or price drops: 🧹 Household goods & maintenance: 0.25% (vs. 0.43%) 👕 Clothing & footwear: 0.85% (vs. 1.20%) 🏥 Health: 0.88% (vs. 1.43%) 🍽️ Restaurants & hotels: 2.21% (vs. 2.91%) 📱 Communication: -4.64% (continued decline) What It Means for Expats Luxembourg’s expat community—nearly half the population—may need to reassess spending: Housing: Already a major cost, rent is rising fast. Transport & Groceries: Daily commuting and food bills are getting heavier. Dining & Leisure: Slightly more affordable, as inflation slows in these areas. Tips to Navigate the Rising Costs Housing Look beyond the city center — try Esch-sur-Alzette or Differdange Consider co-living or flatshares to reduce costs Transport Use Luxembourg’s free public transport Cross-border? Try carpooling or employer transport subsidies Groceries Compare prices between Auchan, Cactus, Aldi, and Lidl Buy in bulk, shop seasonal, and visit local markets Budgeting Use tools like YNAB or your bank’s app Track spending and cut back on non-essentials While 2.19% inflation is notable, it's still modest historically. Luxembourg’s economy remains strong, backed by finance and EU institutions. Join the Luxembourg Expats community and meet people, expat friendly businesses, housing, buy-sell, events and stories luxembourgexpats.lu

Luxembourg, August 5, 2025 For the thriving expat community in Luxembourg, where over 48% of residents hail from abroad, staying informed about the country’s economic health is more than a curiosity—it’s a lifeline. The latest OECD Economic Surveys: Luxembourg 2025, published on April 28, 2025, offers a detailed snapshot of the Grand Duchy’s economic landscape, providing valuable insights for expatriates navigating jobs, housing, and financial planning. Here’s what you need to know, straight from the facts. Robust Growth Amid Global Uncertainty Luxembourg’s economy continues to impress, with GDP growth projected at a steady 2.5% for 2025, according to the OECD. This resilience is driven by the financial sector, a cornerstone for many expat professionals, and a booming tech industry that’s attracting global talent. For expats working in finance or IT—two of the largest employment sectors—this growth signals job stability and potential salary increases. The OECD notes that low unemployment, hovering around 4.8%, further bolsters the job market, making it an opportune time for skilled workers to settle or advance their careers. Housing Challenges: A Reality Check However, the snapshot highlights a pressing concern: housing affordability. Rapid population growth, fueled largely by expatriates, has pushed housing costs up by 6.7% annually. The OECD warns that this could strain expat budgets, especially for families or new arrivals. Rent controls and increased construction are on the horizon, with plans to add 5,000 new housing units by 2026. For expats, this means planning ahead—consider areas like Gasperich or Kirchberg, where new developments are underway, to balance cost and convenience. Tax Benefits and Public Services One of Luxembourg’s biggest draws for expats remains its tax regime. The OECD praises the country’s competitive tax system, with a top personal income tax rate of 42% that still offers deductions and credits, particularly beneficial for high earners in the financial sector. Public services, including healthcare and education, also score high, with 98% of residents covered by the national health system—a relief for expats managing insurance costs. The OECD suggests leveraging these services early, especially for families enrolling children in international schools, which are well-supported by government subsidies. Sustainability and Innovation Luxembourg is doubling down on sustainability, targeting a 55% reduction in greenhouse gas emissions by 2030. This green push is creating niche opportunities for expats in renewable energy and environmental tech. The OECD highlights a 15% increase in green jobs since 2023, a trend that could appeal to eco-conscious professionals. Additionally, the country’s investment in digital infrastructure—boasting 5G coverage across 90% of its territory—enhances remote work options, a boon for expats balancing global careers. The OECD’s 2025 snapshot, accessible at oecd.org/en/topics/sub-issues/economic-surveys/luxembourg-economic-snapshot.html, is a goldmine for expats. With a stable job market, tax advantages, and growing sectors, Luxembourg remains a top destination. Yet, the housing crunch calls for proactive planning, and the green economy opens new doors. Whether you’re a finance expert, tech innovator, or family relocating, these facts empower you to make informed decisions in one of Europe’s most dynamic economies. Join the Luxembourg Expats community and meet people, expat friendly businesses, housing, buy-sell, events and stories luxembourgexpats.lu

August 5, 2025 Luxembourg has once again demonstrated its commitment to transparency and good governance, securing a score of 81 on the 2024 Corruption Perceptions Index (CPI) released by Transparency International. This places the Grand Duchy among the top performers globally, ranking 8th out of 180 countries and territories, and reinforcing its reputation as a stable and trustworthy destination for expatriates. The CPI, which measures perceived levels of public sector corruption, highlights Luxembourg’s strong performance alongside other high-ranking nations like Denmark (90), Finland (87), and New Zealand (85). With a score well above the global average, Luxembourg stands out as a beacon of integrity, particularly within the European Union, where it ranks among the least corrupt nations. A Haven for Expats For the significant expat community in Luxembourg—where over 48% of the population is foreign-born—this ranking is more than a statistic. It underscores the country’s reliable legal and administrative systems, which are crucial for expatriates navigating visa processes, employment, and daily life. The high score reflects efficient public services and low bribery risks, making Luxembourg an attractive hub for professionals and families relocating from across the globe. Luxembourg’s position is particularly notable given its proximity to countries facing governance challenges. For instance, Germany (score 78) and France (score 71) rank lower, while neighboring Belgium scores 73. This contrast enhances Luxembourg’s appeal as a safe and transparent base for cross-border workers and international businesses. Global Context and Regional Insights The 2024 CPI reveals a stark global divide. Western Europe and the EU continue to dominate the upper echelons, with Denmark leading at 90, while countries like Somalia (11), South Sudan (13), and Syria (13) languish at the bottom. The report notes that 68% of countries score below 50, indicating widespread corruption challenges worldwide. In contrast, Luxembourg’s score of 81 places it in the elite group of nations scoring 80 or above, a threshold Transparency International associates with strong anti-corruption frameworks. Regionally, Luxembourg’s performance stands out against a backdrop of mixed results in the EU. While countries like Sweden (82) and Switzerland (82) are close contenders, others such as Hungary (44) and Bulgaria (43) highlight ongoing struggles with corruption. This disparity underscores Luxembourg’s unique position as a model of governance, especially for expats seeking stability in an increasingly complex world. Implications for the Expat Community The CPI’s findings have practical implications for Luxembourg’s diverse expat population. The country’s high ranking supports its streamlined EU Blue Card process, which has seen a surge in applications since criteria were relaxed in July 2024, benefiting skilled non-EU workers. However, the ongoing review of the Golden Visa program—potentially facing termination due to rising interest—may affect wealthy expatriates seeking residency through investment. Additionally, Luxembourg’s transparency bolsters its appeal amid recent regional tensions, such as Germany’s extended border controls until September 2025, which Luxembourg is challenging at the European Commission. For expats commuting across borders, this high CPI score offers reassurance of a stable home base despite external disruptions. Transparency International’s report serves as both a commendation and a call to action. While Luxembourg excels, maintaining this standard requires continued vigilance, especially as global corruption trends worsen. For expats, this ranking reinforces Luxembourg’s role as a secure and welcoming destination, aligning with initiatives like Cigna Healthcare’s recent wellbeing program tailored to expatriate needs. The full 2024 CPI report is available at transparency.org/en/cpi/2024 Join the Luxembourg Expats community and meet people, expat friendly businesses, housing, buy-sell, events and stories luxembourgexpats.lu

For expats, travel insurance isn’t a luxury — it’s a necessity. As international mobility rebounds in 2025, the demand for comprehensive and flexible travel insurance policies has risen sharply among globally mobile individuals, including those based in Luxembourg. New data and guidance from insurers show that the landscape is evolving. Today’s policies are no longer just about trip cancellation or lost luggage. They’re becoming lifelines for cross-border health coverage, emergency evacuation, and access to private care in countries with limited public healthcare. While Luxembourg residents enjoy access to high-quality healthcare locally and in the EU through the European Health Insurance Card (EHIC), coverage does not always extend outside Europe or to private medical providers. This is where travel insurance becomes crucial — especially for those visiting the U.S., Asia, or Africa, where healthcare costs can be unpredictable and high. One of the key trends in 2025 is the rise of customised expat-focused insurance plans that account for long-term stays, multi-country itineraries, and even digital nomad lifestyles. These plans differ from traditional travel insurance by including: Primary international health coverage, not just emergency care Coverage for chronic conditions, mental health, and maternity Options to include family members or dependents on one policy Flexible terms for frequent return trips to your home country Another major shift is in claims processing and customer experience. Most leading providers now offer: 24/7 multilingual support Cashless hospital access in major cities Digital-first claims via apps and QR codes Geo-location emergency assistance For Americans, Canadians, and Brits living in Luxembourg, one of the pain points remains the cost of private healthcare while traveling back home. Many domestic systems don’t cover foreign residents, and medical bills — especially in the U.S. — can be financially devastating without dedicated coverage. Some of the most highly rated expat insurance providers in 2025 include: Allianz Care (LuxExpats secured a 10% discount with code "LIFE10") allianzcare.com/en/personal-international-health-insurance/products-and-services/international-healthcare-plans.html?utm_source=luxexpats&utm_medium=affiliate&utm_campaign=july&utm_content=newsletter&utm_term= Cigna Global GeoBlue IMG Global AXA International Health Luxembourg-based expats are advised to review their travel insurance needs based on: Destination countries and healthcare systems Visa requirements (some countries now require proof of insurance) Duration of stay Existing local health coverage or employment plans With global mobility expected to continue rising through 2026, having the right travel insurance policy is no longer optional — it’s part of responsible international living. Join the Luxembourg Expats community luxembourgexpats.lu

Throughout the 20th century, internal migration in Luxembourg shifted from rural areas to cities, driven by the rise of the service sector and decline of heavy industry. Luxembourg City remains a major draw due to its strong banking and finance industries. In response to the population’s concentration in the southwest, the government has encouraged industrial development in rural regions. Today, about 75% of the workforce is in services, 20% in industry and construction, and a small portion in agriculture. 🇱🇺 Economy Strongly tied to European and global markets (small internal market). Initially based on iron and steel (80% of exports in the 1960s). Shifted to banking, finance, and EU political activities by late 20th century. In the 21st century, IT and e-commerce became major contributors. Known for high standard of living and top per capita income globally. 🚜 Agriculture Modest sector with limited surpluses due to poor soil quality. Farming is mainly mixed (livestock + crops). Livestock (especially cattle) dominates; pigs and sheep declined. Major crops: wheat, barley, root vegetables. Half the farms are smaller than 200 acres (50 hectares). Moselle vineyards are known for producing quality wines. ⚡ Resources & Power Few natural resources: iron ore depleted by 1980s. No fossil fuels or major raw materials except water and timber. Economic strength comes from capital investment and skilled workforce. Depends heavily on energy imports. Only domestic source: hydropower (about 20% of energy needs). Nuclear energy use is negligible. 🚗 Transportation Well-maintained roads, though not extensive. Highways connect Luxembourg with neighboring countries. Mertert Port on the Moselle River links to the Rhine waterway system for international goods transport. Railways are: Government-operated since WWII Modern, electrified, and mostly double-tracked Key mode for international travel and freight Findel Airport (near Luxembourg City): Major European air hub Serviced by many international airlines Luxair is Luxembourg’s national airline. 📡 Communications Advanced telecom network connects Luxembourg to EU, Japan, the US, and more. Postal service is state-run. RTL Group: Leading private radio and TV broadcaster in Europe Offers multiple satellite channels across Europe Reaches audiences in Great Britain, Scandinavia, and beyond Operates radio, TV, and satellite services 🏥 Health & Welfare Post-WWI: Introduced a broad social security and healthcare system. Citizens pay only a small portion of medical costs. Includes benefits for sickness, birth, family, and unemployment. Housing standards are similar to other Western European countries. Challenge: Integrating large numbers of foreign workers and their families. 🎓 Education Compulsory education from age 6 to 15. Schools are run by state, local authorities, and religious institutions. Strong focus on languages: Luxembourgish is the main language initially. German is taught from the first year, French from the second year. German is used mainly in primary and technical education. French is emphasized in secondary classical education. Historically, students studied abroad due to lack of universities. In 2003, the University of Luxembourg was founded. Offers undergraduate and graduate degrees. Luxembourg demographics, Luxembourg population trends, Luxembourg migration, Aging population in Luxembourg, Luxembourg population growth,Demographic changes in Luxembourg Join Luxembourg Expats Online for Free : luxembourgexpats.lu

Today we're delighted to sit down with Magali Braff, the founder and CEO of LUXFLY Indoor Skydive, Luxembourg's premier indoor skydiving destination. Driven by a lifelong passion for flight and equipped with extensive experience in management and HR, Magali transformed her dream into reality: creating a space where everyone—from novices to pro flyers—can experience the thrill of gravity-defying adventures in a safe, upscale setting. LE : Hello Magali! It’s a pleasure to have you with us. To start off, could you tell us a bit about yourself? Where are you from, and what’s your current role at LUXFLY? Magali : Hi! I’m Magali, originally from Belgium — though I like to say I feel at home wherever the wind takes me. I’m the co-founder and CEO of LUXFLY Indoor Skydive, where we make the dream of flying a reality in a safe, accessible, and unforgettable way. My professional journey began in luxury real estate, but over time, my love for adventure, freedom, and creating emotional experiences led me to the world of human flight. Every day, I get to share that incredible sensation with others — and it’s truly what fuels me. Beyond flight, I have a deep and growing passion for art in all its forms. My family has carefully built a beautiful collection of Renaissance works over the years — something I’ve come to appreciate more and more. There’s something timeless and grounding in those pieces, and I love how they contrast and complement the future-forward nature of flight. For me, it’s all about emotion, beauty, and movement — whether in the air, through business, or through art. LE : Can you tell us about your entrepreneurial journey? What inspired you to start LUXFLY, and how did the idea take flight? Magali : My entrepreneurial journey has been anything but traditional. I started out in luxury real estate, helping people find their dream homes. But deep down, I always had this desire to create something meaningful — something that would inspire people and make them feel truly alive.   The turning point came through my husband, who’s been passionate about flying since he was a child dreaming of becoming Superman. He introduced me to the world of skydiving, and together, we took a leap — quite literally — by getting married in the sky! That experience changed everything. We realized we wanted to share that extraordinary sensation of flight, but in a way that was more accessible and safe for everyone. That’s how LUXFLY was born. We wanted to build more than just a wind tunnel — we wanted to create a place where people of all ages could discover the joy, confidence, and freedom that comes with flying. It’s been a wild ride full of challenges, but also incredibly rewarding. Every time someone walks out of LUXFLY with a huge smile and a spark in their eyes, I know we made the right choice. One of the most powerful things we do at LUXFLY is offer the ultimate feeling of freedom to people with disabilities — a chance to fly beyond limits. My sister, who has an 89% disability, is living proof of that. The day I taught her how to fly was the most beautiful moment of my life — a reminder that true freedom isn’t physical, it’s emotional. LE : What kind of experiences does LUXFLY offer? Who is it designed for, and who should reach out to learn more or book a session? Magali : At LUXFLY, we offer so much more than just indoor skydiving — we create unforgettable moments. Whether it's your very first flight or you're training as a sport flyer, we make flying accessible, safe, and deeply emotional. From kids as young as 4 to grandparents, everyone can discover the joy of human flight. We have special packages for families, companies (perfect for team-building!), birthdays, bachelor/bachelorette parties, and even VIP experiences that combine flying with hot air balloon rides or real skydives. For athletes and passionate flyers, our SportFlyer Club offers coaching, community, and progression. But LUXFLY is also a place to hang out and get inspired! We have a unique skydiving-themed museum and a cozy bar, both open to everyone — no reservation needed. Whether you’re flying or just passing by, you're always welcome to step in, have a drink, and enjoy the energy of the place. 📩 For any questions, feel free to email me at hello@luxfly.eu  🖥️ Or book your flight online anytime at www.luxfly.eu Open every day from wednesday to friday from 12h to 20h and saturday and sundays from 10h-19h (open first monday of the month)  Luxfly is organising on friday July 11th a bbq, the perfect evening to discover the LXF vibe! LE : What are you most proud of about LuxFly? Magali : What I’m most proud of about LUXFLY is the emotion we create. Every day, we see people arrive with curiosity, a bit of fear, or pure excitement — and they leave with glowing eyes, huge smiles, and a sense of accomplishment. That transformation is magical. I’m also incredibly proud that we built this place from the ground up with love, resilience, and a clear vision: to make flying accessible, safe, and unforgettable for everyone. From the high-tech tunnel to the smallest details in our museum and bar, everything reflects our passion for flight and people. But above all, I’m proud of the community we’ve created. LUXFLY is not just a business — it’s a place where families bond, teams grow stronger, athletes chase their dreams, and strangers become friends. That human connection is what makes all the hard work truly worth it. LE : That's great! And what are your hobbies and interests? Magali : Outside of LUXFLY, I’m all about movement, energy, and that feeling of freedom. I’m obsessed with everything that makes you fly — whether it’s soaring, skydiving, speedriding, balloonrides or even electric skateboarding! If it gives me that adrenaline rush and a sense of floating, I’m in.  I love to break Skydiving Records, today I am holding almost 20 records with 3 world Records.  I also practice yoga, which helps me stay grounded (ironically!) and find balance between the intensity of entrepreneurship and the need to recharge. And I love traveling and Art — exploring new places and cultures always sparks inspiration for the next adventure. In short, if it moves the body or the soul, I’m passionate about it. LE :  And what's your favourite spot in Luxembourg? Magali : It’s hard to choose just one favorite spot in Luxembourg, because what I truly love most is the spirit of the country itself. Luxembourg is this unique blend of cosmopolitan energy and peaceful nature. I’m constantly inspired by the mix of cultures, the kindness of the people, and their naturally international mindset. It’s a place where languages, ideas, and backgrounds come together beautifully — and that diversity brings so much richness to daily life. I also love how close to nature we are here. In just minutes, you can go from a business meeting to a quiet walk in the forest. The quality of life is incredible — safe, green, efficient — and the country is so well connected, with an amazing airport that makes traveling around the world so easy. It’s perfect for someone like me who’s always on the move! And as an entrepreneur, I really appreciate the business-driven mentality here. People are open, ambitious, and supportive of new ideas. Plus… let’s not forget the restaurants! From cozy local spots to high-end international cuisine, there’s always something delicious waiting around the corner. So my favorite "spot" is really the whole ecosystem Luxembourg offers — a place to grow, dream, fly, and connect. LE : Oh interesting! What about your top 3-recommendations for a newcomer in Luxembourg? Magali : For History & Architecture Lovers Bock Casemates – These ancient underground tunnels offer breathtaking views over the city and a glimpse into Luxembourg’s military past. Vianden Castle – A stunning medieval castle nestled in the hills, it feels like stepping into a fairytale. Grand Ducal Palace – A symbol of Luxembourg’s monarchy, right in the city center — beautiful to admire and open for tours in summer. For Nature & Escape Müllerthal (Little Switzerland) – One of my all-time favorite nature escapes. It’s full of magic, with forests, rocks, and dreamy trails. Moselle Valley – Ideal for wine lovers and Sunday road trips — enjoy a glass with a view over the river. Grund District – Peaceful, picturesque, and just perfect for a relaxed walk or cozy drink by the water. For Art & Inspiration MUDAM – The Museum of Modern Art is not only architecturally stunning but also packed with creative energy. Villa Vauban – An intimate museum with classic European works in a peaceful garden setting. Am Tunnel – A unique underground art gallery — yes, literally in a tunnel — and full of surprises. For Food & Good Vibes Guillou Campagne – An absolute gem just outside the city. It’s elegant, creative, and perfect for a special night out. B13 – A trendy spot in town where the atmosphere is just as good as the food. A great place to meet up with friends. Essenza – A delicious Italian restaurant run by a passionate skydiver friend — authentic flavors, warm service, and a touch of adventure on every plate! Honestly, what I love most about Luxembourg is that you can go from nature to fine dining, history to modern art, or peaceful moments to big ideas — all in the same day. It’s a place full of contrasts, culture, and warmth. LE : What's your favourite quote? Magali : "What if I fall? Oh, but my darling, what if you fly?" – Erin Hanson It speaks to me deeply — especially in the world of flight and entrepreneurship. It’s a reminder that fear will always be there, but so will possibilities. And sometimes, the most beautiful things in life happen when you dare to take that leap. LE : What’s the most powerful thing you’ve learned through flight? Magali : It’s that flying isn’t just about defying gravity — it’s about letting go. Letting go of fear, control, limitations… and discovering who you really are when you trust the moment. Whether it’s someone’s first flight or their hundredth, there’s always a spark of transformation. And being part of that journey every day is a true privilege. So yes, I can talk about business, adventure, and strategy — but in the end, it’s the emotion of flight that changes people. And that’s what makes everything we do at LUXFLY so special. LE : What would you say would be the recommendations of people who want to start their own business today? Magali : If you're thinking of starting your own business today, first of all: congratulations. That spark, that idea — it’s the beginning of something incredible. Here are my personal recommendations, based on experience: 1. Start with your “why” Know exactly why you’re doing it. Passion alone isn’t enough — but when it’s combined with purpose, it becomes unstoppable. Your "why" will carry you through the hardest days. 2. Start lean, start smart You don’t need to have it all figured out. Start small, test your idea, adapt quickly. The best businesses are built through learning, not perfection. 3. Surround yourself with doers, not doubters Your energy is precious — protect it. Build a tribe of people who believe in your mission, challenge you with kindness, and help you grow. 4. Take care of yourself Your business can’t thrive if you’re running on empty. Rest, reset, and create routines that keep you mentally strong. I learned this the hard way — and now I make space for yoga, silence, and clarity. 5. Don’t wait to feel ready You’ll never feel 100% ready — and that’s okay. Launch with what you have. You’ll figure it out along the way, just like every entrepreneur before you.And above all:  Trust the process. Building a business is like flying — scary at first, but once you’re in the air, you’ll never want to land. LE : Magali, thank you so much for taking the time to speak with us. It was truly a pleasure learning about your journey, your passion for flight, and the incredible work you’re doing with LUXFLY. Your energy and vision are truly inspiring, and we’re excited to see how LUXFLY continues to soar in the years ahead! Learn More About LuxFly : indoorskydive.lu/en

Luxembourg, one of the wealthiest countries in Europe, is known for its high quality of life, strong economy, and vibrant international community. But with prosperity comes a higher price tag. Whether you're planning to move for work, study, or family reasons, it's important to understand the cost of living in Luxembourg in 2025. 🏡 Housing Costs Housing remains the largest expense for most residents. The demand continues to outpace supply, especially in and around Luxembourg City. Rental Prices (Monthly Averages in 2025): One-bedroom apartment (City Centre): €1,800 – €2,400 One-bedroom apartment (Outside Centre): €1,300 – €1,700 Three-bedroom apartment (City Centre): €3,500 – €4,500 Three-bedroom apartment (Outside Centre): €2,300 – €3,200 Buying property is also expensive. The average price per square metre is around €11,000 in the city and €7,500 outside. 🍽️ Food & Groceries Groceries are reasonably priced compared to neighbouring countries, especially for locally produced goods. However, eating out can be pricey. Grocery Price Highlights: Milk (1L): €1.30 Bread (500g): €2.50 Eggs (12): €4.00 Chicken breast (1kg): €12 Domestic beer (0.5L): €1.60 Dining Out: Meal at a mid-range restaurant: €30 – €45 per person Takeaway lunch (downtown): €12 – €18 Coffee (regular cappuccino): €3.50 – €4.20 🚗 Transport Luxembourg remains the first country in the world with free nationwide public transport, including buses, trains, and trams. This policy continues in 2025, making commuting highly affordable. Car Costs (if owned): Petrol (per litre): €1.55 – €1.70 Car insurance (annual average): €700 – €1,000 Parking in city centres: €2 – €5/hour Many residents use bicycles and e-scooters, especially in urban areas with good cycling infrastructure. 🧾 Utilities & Internet Basic utilities (electricity, heating, water, waste for 85m² apartment): €250 – €350/month High-speed internet: €45 – €65/month Utility costs may increase in winter due to heating requirements. 👨‍👩‍👧‍👦 Childcare & Education Luxembourg offers a mix of public and private schools, with the public system being free and offering multilingual education. Daycare (private, full-day): €800 – €1,500/month International schools: €10,000 – €20,000/year depending on the curriculum and grade level 👚 Clothing & Leisure Jeans (branded): €70 – €120 Gym membership: €40 – €100/month Movie ticket: €12 – €15 Museum entry: Often free or €5 – €10 💰 Average Salary & Minimum Wage Minimum monthly wage (2025): Unskilled workers: €2,570 gross Skilled workers: €3,084 gross Average gross salary across sectors: €5,500/month High salaries help balance the cost of living, particularly for skilled professionals and expats. ✅ Conclusion: Is Luxembourg Affordable? Luxembourg is not a cheap place to live, but it offers excellent public services, low unemployment, safety, and multilingual opportunities. While housing is a significant burden, free public transport, a strong welfare system, and high incomes help balance the overall cost of living. For expats and newcomers, budgeting carefully and understanding your personal lifestyle choices is key to making the most of your life in the Grand Duchy. 🇱🇺 Join Luxembourg Expats Online for Free : luxembourgexpats.lu Keywords : cost of living in Luxembourg 2025, Luxembourg living expenses, Luxembourg housing prices 2025, rent in Luxembourg, groceries cost Luxembourg, is Luxembourg expensive, moving to Luxembourg, Luxembourg expat cost of living, average salary in Luxembourg 2025, living in Luxembourg as an expat, Luxembourg public transport free, Luxembourg utility costs, childcare costs in Luxembourg, Luxembourg cost comparison, Luxembourg lifestyle expenses

The difference between international health insurance and travel insurance is a source of confusion for many soon to be expatriates. Although both are intended for people spending time away from their home country, the intended purpose of each product is different. Not understanding this difference may leave you with the wrong international medical insurance while overseas and unexpected medical expenses. What’s the difference between expat insurance and normal travel insurance? The main difference between expat insurance and normal travel insurance is the duration of coverage and the level of protection provided. Expat insurance provides coverage for a longer period and complete health coverage while travel insurance is intended to cover short-term trips. Normal Travel Insurance provides basic medical coverage and may include benefits such as trip cancellation, lost luggage, and travel delay. International health insurance is designed to provide a comprehensive level of health care to those relocating from their home country for a sustained period of time, whereas travel insurance provides cover for emergency treatment while you are in another country for a shorter space of time. What is travel insurance? Travel insurance is designed to cover you for trips of limited duration. It is intended for holidaymakers and short term trips abroad, and offers protection against travel related issues such as: Cancellations Loss of luggage Loss of personal belongings Emergency medical treatment In terms of medical coverage, travel insurance is intended to provide short-term emergency medical treatment, within your specified area or period of cover. The aim of this is to get you well enough to return home. Travel insurance rarely covers long term medical treatment. If further treatment is required, you will usually be expected to return to your home country. Cover ceases once you are back in your country of residence. What is international health insurance? International health insurance is designed for those living or working overseas for a prolonged period of time. It covers treatment for both emergency and routine healthcare, and provides expats with flexibility in terms of choice of doctor and treatment facility, with the ability to receive treatment anywhere within their region of cover. If you are relocating or if you have a home abroad where you spend a significant amount of time, international health insurance may be required. When experiencing a medical emergency, or even routine medical care, in a country where you are not familiar with the health system, and where you do not speak the language, international health insurance cover will ensure you get the medical attention you need.  International health insurance benefits vary by plan, but often include: Hospital stay Routine check-ups Cover for pre-existing conditions Cover for chronic conditions Choice of medical providers Our standard plans are modular so you can choose the combination of cover that best suits you and your family's needs. In addition to the Core plan, options include: Out-patient treatment  Maternity care Dental care Repatriation The flexible nature of these plans allow you to tailor them to your specific needs, making the right combination of cover for you and your family more financially accessible. Core plan and out-patient plan deductibles offer an opportunity to reduce premiums, as can careful consideration of the region of cover. For example, taking ‘Worldwide excluding USA’ instead of ‘Worldwide’ will alter premium significantly. As an expat, it can be tempting to try to keep costs down by opting to rely on local healthcare when you are abroad. However, should you fall ill, you may find that the local healthcare options do not meet your needs. Depending on where you are moving and your individual circumstances, you may not be entitled to free or subsidised healthcare. Without an expatriate health plan, you may incur expensive medical costs. Before venturing to another country on expat assignment, it is important to weigh your options and ensure that you have a health insurance plan you can rely on. Having the correct cover in place, will provide peace of mind as you settle into your new home. Take a look at our 'differences between international health insurance and travel insurance' plain talking guide. If you would like a quote for expat international health insurance, please click the link below… shorturl.at/xuTcQ 🥳 Join the LuxExpats May Meet-Up! : lu.ma/68ahq59h

Luxembourg’s financial sector is entering a new era of digital security and resilience. The country’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), has introduced a series of updated circulars to bring local regulations in line with the European Union’s Digital Operational Resilience Act (DORA). These changes are set to strengthen how financial institutions in Luxembourg manage digital risks, respond to cyber incidents, and work with third-party technology providers. What Is DORA and Why Does It Matter? DORA, which came into force across the EU in January 2025, is a landmark regulation aimed at ensuring that all financial entities-from banks and investment firms to payment service providers-are prepared to withstand and recover from digital disruptions. The regulation sets out clear expectations for managing ICT risks, reporting major incidents, and overseeing third-party technology providers. For Luxembourg, aligning with DORA means adopting a unified, EU-wide approach to digital resilience. Key Changes Introduced by CSSF Updated ICT Risk Management The CSSF has revised its existing guidance on ICT and security risk management. Now, DORA-covered entities will follow the new EU-wide requirements, while non-DORA entities will continue under the CSSF’s earlier framework. Payment service providers, in particular, will need to adapt to new guidelines that emphasize regular ICT risk assessments and robust reporting mechanisms. Streamlined Incident Reporting One of the most significant changes is the introduction of a harmonized process for reporting major ICT-related incidents and significant cyber threats. Financial institutions are now required to notify the CSSF of incidents using new dedicated forms through the CSSF’s eDesk portal. This replaces previous fragmented reporting practices and ensures that all critical incidents are captured in a consistent manner. Revised Outsourcing and Third-Party ICT Service Rules The CSSF has also updated its rules for outsourcing and third-party ICT services. DORA entities must now comply with new requirements for managing relationships with technology providers, including maintaining an up-to-date register of all critical outsourcing arrangements and notifying the CSSF of any significant changes. There is also a renewed focus on cloud computing, with obligations such as appointing a cloud officer and ensuring that cloud services are properly authorized. How Will These Changes Affect Financial Institutions? For financial institutions in Luxembourg, these updates mean it’s time to take a closer look at existing digital risk management frameworks and ensure they meet the new standards. This could involve updating internal policies, renegotiating contracts with technology providers, and training staff on new incident reporting procedures. For example, consider an investment firm that relies on a cloud provider for its trading operations. Under the new rules, the firm must ensure its outsourcing agreements include all necessary clauses and maintain a detailed register of the arrangement. If a cyber incident disrupts trading, the firm is now required to notify the CSSF promptly using the new reporting forms. Actionable Steps for Compliance Review and update ICT risk management policies to align with DORA requirements. Implement new incident detection, response, and reporting procedures. Update outsourcing contracts and maintain a detailed register of critical ICT arrangements. Train staff and management on the new rules and reporting processes. Regularly test digital resilience through drills and scenario planning. The CSSF’s move to align with DORA marks a significant step forward for Luxembourg’s financial sector. By adopting these new standards, financial institutions will be better prepared to handle digital threats and disruptions, ensuring greater stability and trust in the market. Now is the time for firms to review their processes, close any compliance gaps, and invest in building a more resilient digital future. --- Join the Luxembourg Expats community, sign up free luxembourgexpats.lu Connect Explore Live 

Imagine a tropical paradise so small it spans just 8 square miles, nestled in the vast Pacific Ocean. Now picture that paradise under threat, its shores shrinking as sea levels rise due to climate change. This is the reality for Nauru, the world’s third-smallest country, where a bold and innovative solution is taking shape: selling citizenship for $105,000 to fund a future above the waves. Announced in early 2025, Nauru’s “golden passport” initiative is making headlines as a desperate yet ingenious response to an existential crisis. But can this tiny island really save itself by inviting the world to buy in? Let’s dive into this fascinating story. The Climate Crisis Hits Home in Nauru Nauru, a low-lying island nation of roughly 12,500 people, faces a dire challenge. Rising sea levels, storm surges, and coastal erosion—fueled by a warming planet—are swallowing its fertile coastal land. Scientists estimate that sea levels around Nauru are climbing 1.5 times faster than the global average, leaving little time to act. With 90% of its population living along the coast and its interior scarred by decades of phosphate mining, the island has nowhere left to retreat—unless it builds a new home on higher ground. That’s where the Nauru Economic and Climate Resilience Citizenship Program comes in. Launched in February 2025, this initiative aims to raise millions by offering citizenship to wealthy investors worldwide. The funds? They’ll bankroll a massive relocation project, moving nearly the entire population inland to a newly built community designed to withstand the encroaching tides. It’s a plan as ambitious as it is urgent, with the first phase estimated at $65 million—a hefty sum for a nation with limited resources. How Nauru’s Golden Passport Works For $105,000, anyone can buy a Nauru passport, gaining visa-free access to 89 countries, including powerhouses like the United Kingdom, Hong Kong, Singapore, and the United Arab Emirates. It’s a steal compared to other citizenship-by-investment programs—like Malta’s, which can cost over a million dollars. Nauru’s government expects to net $5.6 million in the program’s first year, with hopes of scaling up to $42 million annually, covering nearly 19% of its revenue. Investors don’t even need to visit the remote island; this is citizenship for the globally mobile, a second passport for those seeking flexibility in an uncertain world. But there’s a catch: Nauru isn’t just selling travel perks. It’s pitching a purpose. “While the world debates climate action, we must take proactive steps to secure our nation’s future,” President David Adeang told CNN in March 2025. Every dollar from these passports will fund climate resilience—think sea walls, sustainable farms, and a new township carved from the island’s rugged interior. For buyers, it’s a chance to own a stake in a nation fighting to survive. A Controversial History Meets a Hopeful Future Golden passports aren’t new, nor are they free of baggage. Over 60 countries, from Vanuatu to the Caribbean’s Dominica, offer similar schemes, often to bolster cash-strapped economies. But they’ve also drawn scrutiny. Nauru itself stumbled in the 1990s when its earlier passport program ended in scandal, with two alleged Al-Qaeda members arrested in 2003 holding Nauruan citizenship. Critics warn these programs can attract criminals, laundering money or dodging law enforcement with a shiny new identity. This time, Nauru promises a cleaner slate. Edward Clark, CEO of the citizenship program, insists applicants will face “the strictest and most thorough due diligence procedures.” The goal? To attract “like-minded investors” who share Nauru’s vision of sustainability, not just those hunting a quick visa-free getaway. Whether this safeguards the program remains to be seen, but the stakes are high—both for Nauru’s survival and its reputation. Why Nauru’s Plan Matters Beyond Its Shores Nauru’s passport initiative isn’t just a local story; it’s a glimpse into the future of climate-vulnerable nations. Small island states like Tuvalu and Kiribati face similar threats, with some already striking relocation deals—like Tuvalu’s pact with Australia to move hundreds of citizens yearly. But international climate funding is drying up, leaving countries like Nauru to fend for themselves. “Debt financing burdens future generations, and there’s not enough aid,” Clark told AFP. Selling citizenship might be a stopgap, but it’s also a signal: the world’s poorest nations are innovating where richer ones falter. For eco-conscious investors, it’s a rare chance to merge profit with purpose. A Nauru passport offers global mobility while funding real climate action—protecting coastlines, restoring habitats, and building resilience. It’s a model that could inspire others, proving that even the smallest players can think big when survival’s on the line. Will It Work? The jury’s still out. Nauru expects 66 applicants in year one, scaling to 500 annually. Success hinges on transparency—where the money goes, who gets approved, and how it’s managed. Past failures loom large, but so does the island’s determination. “This isn’t just about survival,” Adeang said. “It’s about ensuring future generations have a safe, resilient home.” As of March 5, 2025, Nauru’s golden passport program is a bold experiment in a warming world. Will it save the island from rising seas? Or will it drown in the complexities of global finance and geopolitics? One thing’s certain: this tiny nation is making waves, and the world is watching. --- Join Luxembourg Expats - your gateway to Luxembourg luxembourgexpats.lu