LUXEMBOURG
Location:
Luxembourg is located in western Europe, with Belgium on the west, Germany on the
east and France on the south. Its total area is 2,586 square kilometres.
Population:
401,900 (July, 1994 estimate)
Languages:
Luxembourgisch, German, French, English
Government:
Luxembourg's government is a constitutional monarchy.
Legal System:
Luxembourg's legal system is based on a civil law system. It accepts compulsory ICJ
jurisdiction.
Telecommunications:
Luxembourg has a highly developed, completely automated and efficient
telecommunication system, mainly using buried cables. It has three channels
leased on a TAT-6 coaxial submarine cable and has one direct-broadcast
satellite earth station. Luxembourg has a nationwide mobile phone system.
Economy:
The stable, prosperous economy features moderate growth, low inflation and negligible
unemployment. Agriculture is based on small but highly productive family-owned
farms. The industrial sector, until recently dominated by steel, has become increasingly
more diversified, particularly toward high-technology firms. During the past decade,
growth in the financial sector has more than compensated for the decline in steel.
Services, especially banking, account for a growing proportion of the economy.
Luxembourg participates in an economic union with Belgium on trade and most
financial matters. It is also closely connected economically to the Netherlands and, as a
member of the 12-member European Union, enjoys the advantages of the open European
market.
Industries:
Luxembourg's main industries are banking, iron and steel, food processing, chemicals,
metal products, engineering, tires, glass and aluminum.
Currency:
1 Luxembourg franc (LuxF) = 100 centimes
Exchange Rates:
Luxembourg francs (LuxF) per US$1 - 36.242 (January, 1994)
The Luxembourg franc is at par with the Belgian franc, which circulates freely
in Luxembourg
Related sites:
Hotels And Resorts In Luxembourg
Luxembourg
Luxembourg Compilation
Luxembourg Guided Tour
WWW Servers In Luxembourg
To the Offshore World home page.
To the Offshore Financial Centres page.