E.Schneider at the meeting of the EU ministers for economy

On September 26 the meeting of the EU economic ministers was held in Brussels. The meeting was attended by the Minister of Economy and Foreign Trade of Luxembourg E.Schneider. The Ministers discussed ways and means of improving the competitiveness of European industry.

Ministers also considered the report of the European Commission in relation to the competitiveness of European industry, published on Wednesday. E.Schneider stressed that the Grand Duchy ranked eighth among the 28 EU member states on the competitiveness of the industry. Luxembourg achieved impressive results in all five reporting criteria: innovation, steady and consistent development, business environment, services, administration, finance and investment.