The COVID-19 pandemic has led to a sharp increase in the demand for medical products from Rotarex. In order to meet the increased demand, the company has invested in new production lines and launched three new R&D projects. Both initiatives have received support from the Luxembourg government.
Luxembourg is known for audacious moves to develop its economy – building one of the world’s leading financial centres from scratch is perhaps the most well-known example. The Financial Times reports on other initiatives focusing on renewable energy, space technology and cybersecurity.
Luxembourg’s efforts to become an advanced digital society are internationally recognised. A recent country report in The Financial Times highlights Luxembourg’s strategic vision for its future economy and investments in high performance computing.
The global crisis brought on by the COVID-19 pandemic will have an enormous impact on the economy and society of the future. The radical interruption of “business as usual” has resulted in huge challenges, but new opportunities also emerge from every crisis.
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