What is the downside of Luxembourg?
What is the downside of Luxembourg? Luxembourg is a rather expensive country. While cheaper than some other Western European destinations, expats should not underestimate how costly life in the country can be. For one, accommodation comes at a hefty price and food, whether shopping for groceries or eating out, is also pricey.
What is Luxemburg famous for?
Luxembourg's prosperity was formerly based on steel manufacturing. With the decline of that industry, Luxembourg diversified and is now best known for its status as Europe's most powerful investment management centre.