Luxembourg: Three-Pillar System Luxembourg’s pension system operates on a three-pillar structure. The first pillar is Luxembourg’ state pension, financed through contributions from employers, employees, and the government. Employers and employees contribute an...
U.S. San Diego County Pension Fund: Impressive Investment Gains In fiscal year 2024, the San Diego County Employees Retirement Association (SDCERA) reported a robust 11.3% return on its $17.7 billion portfolio, demonstrating the fund’s resilience amidst fluctuating...
Interest rate reduction to support Economic Stability On September 18, 2024, the U.S. Federal Reserve took a significant step by cutting its benchmark interest rate by 50 basis points, or 0.5%, lowering the federal funds rate to a range of 4.75%-5.0%. This marked the...
Appointing a local resident director is not just a regulatory requirement but a strategic advantage for non-resident entrepreneurs establishing a business in Luxembourg. This role is pivotal in ensuring that your commercial company operates smoothly and remains...
Expansion plans for Aurelius in Europe Aurelius, a European private equity firm with offices across the continent, including in London, is preparing to launch its fifth fund, “European Opportunities V.” The firm is targeting over €750 million, marking an...
Hermès: Investment in French Craftsmanship Hermès has launched a new manufacturing facility in Auvergne, France, as part of its ongoing investment in local production. The new site highlights the brand’s commitment to craftsmanship, contributing to the broader...
Australian Formula 1 driver Oscar Piastri celebrated his first Grand Prix win in Baku, Azerbaijan. Driving a composed and skillful race, Piastri’s remarkable sport performance allowed him to clinch victory amidst fierce competition. This triumph represents a...
Denmark has become an attractive hub for foreign entrepreneurs due to its business-friendly environment, stable economy, and transparent regulatory system. Setting up a company in Denmark offers strategic access to the European market, alongside numerous benefits,...
Romania’s growing economy and strategic location in Eastern Europe make it a compelling destination for entrepreneurs looking to expand their business ventures. Here are essential aspects of starting a business in Romania, including the various legal forms...
Serbia, particularly its capital Belgrade, has emerged as a hotspot for foreign entrepreneurs. Thanks to its competitive tax system, low barriers to entry, and growing economy, Serbia offers non-residents many advantages when setting up a business. Whether...
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