Although Luxembourg is one of the smallest European Union (EU) Member States, with about 450,000 inhabitants, its financial centre is among the most important in Europe and the second largest investment fund centre worldwide. Luxembourg offers the entire spectrum of financial services in both corporate and private banking as well as an attractive business environment. The country's economic fundamentals are sound and it is noted for its openness and diversity. Situated between Belgium, Germany and France, Luxembourg has a highly qualified and multilingual workforce.