|
|
|
|
|
|
|
| |
Luxembourg Location : Western Europe, between France and Germany
Capital City : Luxembourg
Curreny : euro (EUR); Luxembourg franc (LUF) note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries
Languages Spoken : Luxembourgish (national language), German (administrative language), French (administrative language)
Climate : modified continental with mild winters, cool summers
National Holiday : National Day (Birthday of Grand Duchess Charlotte) 23 June
Background Information
Founded in 963, Luxembourg became a grand duchy in 1815 and an independent state under the Netherlands. It lost more than half of its territory to Belgium in 1839, but gained a larger measure of autonomy. Full independence was attained in 1867. Overrun by Germany in both World Wars, it ended its neutrality in 1948 when it entered into the Benelux Customs Union and when it joined NATO the following year. In 1957, Luxembourg became one of the six founding countries of the European Economic Community (later the European Union) and in 1999 it joined the euro currency area.
Geographical Note
landlocked; the only Grand Duchy in the world, it is the smallest of the European Union member states
Economy
This stable, high-income economy features solid growth, low inflation, and low unemployment. The industrial sector, initially dominated by steel, has become increasingly diversified to include chemicals, rubber, and other products. Growth in the financial sector has more than compensated for the decline in steel. Services, especially banking, account for a substantial proportion of the economy. Agriculture is based on small family-owned farms. The economy depends on foreign and trans-border workers for 30% of its labor force. Although Luxembourg, like all EU members, has suffered from the global economic slump, the country has maintained a fairly robust growth rate. On 1 January 2002, Luxembourg - together with 11 of its EU partners - began to replace its circulating national currency with the euro.
Religions
the greatest preponderance of the population is Roman Catholic with a very few Protestants, Jews, and Muslims note: 1979 legislation forbids the collection of religious statistics
Ports : Mertert
International Disputes - Risks to travellers
: none
flight Nav: cheapest-flights-to.com
>
Luxembourg
flights
|
|
|
|
|
