Pre-Impressions
I am excited to visit Luxembourg and see a new country! I have heard that Luxembourg is a wealthier country so I expect that it is cleaner than some of the cities that we have visited with prettier buildings and scenery. We will be visiting a museum of banking so I expect that we will be learning about the banking system in Luxembourg and how it is connected to the economic system of the European Union.
Post-Impressions
I really enjoyed our visit to Luxembourg and having the opportunity to visit another country. We had the opportunity to visit a bank in Luxembourg and also walk around the Bock Medieval Fort. I was surprised to learn that there was an underground tunnel with a few different stories that connected the 3 different bank buildings together. My favorite part of the day was walking around the fort and getting to see the old walls, as well as the views of Luxembourg from the top of the fort. I learned some interesting things about banking in Luxembourg from the tour of the bank. For example, children are taught to start saving from an early age, as each child is given a small square bank when they enter school. I also had the opportunity to see what some old European coins and bills looked like, and it was interesting to see just how big some of them were.
There are many advantages to the financial services that are located in Luxembourg. The government of Luxembourg is stable and so is the economy, and this political stability has contributed to the growth of financial services in the country. New legislation is constantly being passed that allows new financial products to quickly enter the market. These new financial services are attractive to people and businesses both in Luxembourg and in other countries as well. The financial services labor force in Luxembourg is also very skilled, and this is yet another competitive advantage for the country. It is important to have skilled and knowledgeable staff in order to attract clients. Since Luxembourg is in the center of Europe, it is easily accessible from the majority of European countries, which makes banking in Luxembourg convenient for both private investors and businesses. Luxembourg also boasts having a much lower tax rate than in many other European countries, which makes it more attractive for workers who must pay income taxes.
http://www.pwc.lu/en/banking/docs/pwc-banking-luxembourg.pdf
I am excited to visit Luxembourg and see a new country! I have heard that Luxembourg is a wealthier country so I expect that it is cleaner than some of the cities that we have visited with prettier buildings and scenery. We will be visiting a museum of banking so I expect that we will be learning about the banking system in Luxembourg and how it is connected to the economic system of the European Union.
Post-Impressions
I really enjoyed our visit to Luxembourg and having the opportunity to visit another country. We had the opportunity to visit a bank in Luxembourg and also walk around the Bock Medieval Fort. I was surprised to learn that there was an underground tunnel with a few different stories that connected the 3 different bank buildings together. My favorite part of the day was walking around the fort and getting to see the old walls, as well as the views of Luxembourg from the top of the fort. I learned some interesting things about banking in Luxembourg from the tour of the bank. For example, children are taught to start saving from an early age, as each child is given a small square bank when they enter school. I also had the opportunity to see what some old European coins and bills looked like, and it was interesting to see just how big some of them were.
There are many advantages to the financial services that are located in Luxembourg. The government of Luxembourg is stable and so is the economy, and this political stability has contributed to the growth of financial services in the country. New legislation is constantly being passed that allows new financial products to quickly enter the market. These new financial services are attractive to people and businesses both in Luxembourg and in other countries as well. The financial services labor force in Luxembourg is also very skilled, and this is yet another competitive advantage for the country. It is important to have skilled and knowledgeable staff in order to attract clients. Since Luxembourg is in the center of Europe, it is easily accessible from the majority of European countries, which makes banking in Luxembourg convenient for both private investors and businesses. Luxembourg also boasts having a much lower tax rate than in many other European countries, which makes it more attractive for workers who must pay income taxes.
http://www.pwc.lu/en/banking/docs/pwc-banking-luxembourg.pdf