Franz Fayot was born on 28 February 1972 in Luxembourg City.
Following secondary school studies at the Athénée de Luxembourg, Franz Fayot pursued a higher education in Luxembourg and Paris, followed by a DEA (post-graduate diploma of advanced studies) in corporate law from the Université Paris I Panthéon-Sorbonne in 1996.
On the occasion of a visit to the Technoport in Foetz, the Minister of the Economy, Franz Fayot, signed an agreement on 16 December 2020 with Molecular Plasma Group (MPG) to co-finance the "Virucidal" project for the development and production of innovative surgical masks with virucidal properties.
On 11 December 2020, Franz Fayot, Minister of the Economy, visited Goodyear's new tire facility in Dudelange to see the progress of the tire company's $77 million investment in Luxembourg. Franz Fayot was shown the innovative production process in this highly automated facility before the plant's official opening planned in spring 2021.
Promoting sustainable growth and mitigating climate change are major priorities in both Korea and Luxembourg. Cleantech is one of the priority sectors of Luxembourg's data-driven innovation strategy, and the Korean government is actively supporting companies in the fields of smart mobility and green technologies.
The University of Luxembourg and the Ministry of the Economy announce the creation of an academic Chair in Digital Procurement. The Chair will be hosted at the University's Centre for Logistics and Supply Chain Management (LCL) of the Faculty of Law, Economics and Finance and will train Master students in the use of new technologies and computer science in procurement.
