Serge Allegrezza to Lead new Luxembourg Strategy Unit

On Monday 30 November 2020, Luxembourg's Minister of Economy, Franz Fayot, announced that the organisation chart of the Ministry is to be supplemented by a unit in charge of forward thinking and long-term economical development.

Called “Luxembourg Strategy”, this unit will include under its remit the Observatory for Competitiveness, which since 2004 has been helping the government and social partners to define the strategy and content of favourable policies compatible with long-term competitiveness, while monitoring and analysing the evolution of Luxembourg's competitive position. Led by Serge Allegrezza, "Luxembourg Strategy" will, among other things, monitor megatrends, sustained global and macroeconomic forces of development having repercussions on the whole of society, the economy, businesses and individuals.

The new unit will be in charge of developing long-term strategies for economic development and transition integrating social and environmental aspects. In this function, "Luxembourg Strategy" will rely on the strategies developed by the various directorates general of the Ministry of the Economy. These strategies form the basis of the economic policy carried out by the ministry and include, for example, the multisectoral diversification strategy, the data-based innovation strategy to support the emergence of a sustainable and trusted economy and the economic promotion strategy. By consulting with stakeholders in the country's civil and economic life, the "Luxembourg Strategy" unit will analyse the interactions between the various strategies of the Ministry of the Economy and their consistency with regard to megatrends.

Minister Fayot said “Helping businesses overcome the ongoing health and economic crisis is a top priority now and in the months to come. But it is also important to actively prepare for the post-COVID era. Indeed, we must learn the lessons of the crisis situation and give the impetus to a more sustainable economy. Within the Ministry of the Economy, 'Luxembourg Strategy' is our tool to support, through strategic analysis and prospective work, the emergence of a more resilient, sustainable and competitive economy."