Luxembourg Continues to ‘Build Bridges’ with Spain, Says Minister Roth

On Friday 26 September 2025, Luxembourg’s Ministry of Finance reported on Minister of Finance Gilles Roth’s working visit to Madrid (Spain) which took place from Tuesday 23 to Thursday 25 September 2025.

According to the ministry, the visit focused on strengthening ties between the Luxembourg and Spanish financial centres, with particular attention to Luxembourg’s role as a European platform serving both European and Latin American markets.

During the mission, the minister met with representatives of Spanish financial institutions that rely on the Luxembourg platform to develop their cross-border activities. These exchanges highlighted the depth of interconnections between the two markets: six Spanish banks currently operate in Luxembourg; 72% of foreign investment funds distributed in Spain are Luxembourg funds; and 33 Spanish issuers are listed on the Luxembourg Stock Exchange. These elements confirmed the existence of a structural bridge between the two centres, to the benefit of savers, businesses and employment.

Luxembourg’s Minister of Finance also held discussions with IE University/IE Business School, a leading player in finance and management training. Talks focused on strengthening financial education and developing future-oriented skills for the sector, including in the fields of digitalisation and sustainability. Gilles Roth delivered a speech to students on Europe’s competitiveness and future prospects for young people. His address was followed by an interactive exchange with the students.

Minister Roth also met Carlos Cuerpo, Spain’s Minister for Economy, Trade and Enterprise. The two ministers discussed the macroeconomic outlook, budgetary developments in the euro area and ways to better mobilise finance in support of European competitiveness. They also addressed opportunities for cooperation between the two financial sectors.

“This mission was conducted in a spirit of dialogue and partnership. Spain and Luxembourg have every reason to accelerate together: to transform savings into investment and investment into jobs. We will continue to build bridges – for finance, for talent and for a more resilient and competitive Europe,” declared Minister Roth.