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This paper examines the aspect of cross-border work from a balance of payments’ point of view. Given the large number of cross-border employees, it is not surprising that their compensation shows a negative balance close to 8 billion euros in 2014.
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Euro-zone recovery intensifies
20-05-2015 | STATEC

Luxembourg will be able to count on a more dynamic international environment, particularly as regards its euro-zone partners. GDP figures for the 1st quarter of 2015 in the euro zone confirm a recovery that is ramping up and a certain re-balancing between Member States.
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Potential voters
18-05-2015 | STATEC

What is the profile of all voters who could participate in parliamentary elections if a constitutional amendment should be decided following the June 7 referendum? By using data from the 2011 Census population and current population statistics, it appears that potential foreign voters are younger, more active, and mainly employed in the private sector.
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STATEC Bulletin, entitled "Information and Communication Technologies usage in households and by individuals in 2014", highlights the recent expansion of social networks and online storage services (cloud), most popular with the younger age groups.
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According to the latest inflation forecasts, the inflation rate (IPCN) will be limited to 0.5% in 2015 and 1.5% in 2016. The next automatic wage indexation of +2.5% of wages, salaries and pensions will most likely occur in the first quarter of 2016.
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Consumer prices surveyed by STATEC are stable in April. Indeed, the consumer price index increases by 0.05% compared to the previous month. The annual inflation rate remained at 0.3% for the second consecutive month. Oil products fell back in April after two months of growth while prices of other goods and services evolve moderately.
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Building and dwelling stock
05-05-2015 | STATEC

At 1st March 2015, the Register of Buildings and Housing counted 140 172 residential and semi-residential buildings and 227 326 dwellings. 82.9% of these buildings are family house, 10.9% apartment buildings and 6.1% semi-residential buildings. Around 50% of the dwellings are in family house, the others are divided between residential and semi-residential buildings.
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A few waves but no storm
29-04-2015 | STATEC

Luxembourg GDP was most likely unsettled at the turn of the year due mainly to phenomena relating to the VAT hike. A number of positive signals of an obviously cyclical nature were nevertheless observed in late 2014. The improved economic environment across the euro zone in early 2015 also boosted the domestic economy.
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Cross-border provision of financial services is the most important services item in the current account of the balance of payments. Its growth - around 10 % on average per year between 2002 and 2014 - is directly related to the sustained development of the investment fund industry. Besides, Luxembourg ranks second in the world and first in Europe in terms of net assets under management.
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Between 2012 and 2014, 21 motorcyclists were killed in accidents involving at least one injured on Luxembourgian roads, 153 were seriously injured and 210 suffered minor injuries. 89% of the victims were men and 43% were not residents of the Grand Duchy.
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