Gramegna

Brexit-born subsidiaries 'good for Luxembourg'

Brexit has been 'dramatised excessively', and overdramatisation is 'never good', finance minister says

15.01.2018

Luxembourg is benefiting from businesses and financial services companies opening new subsidiaries in Europe as a result of Brexit, finance minister Pierre Gramegna has said.

During an interview with Bloomberg in Hong Kong, Gramegna highlighted several companies that had chosen Luxembourg to maintain a presence in the European Union (EU) after the UK has exited.