Economy of Belgium force. One of the founding members of the European Community, Belgium strongly supports deepening the powers of the present-day European Union to integrate European economies further. About three-quarters of its trade is with other EU countries. Together with the Netherlands and Luxembourg, Belgium is also one of Benelux member states. Belgium's public debt is about 105% of GDP. The government succeeded in balancing its budget during the 2000–2008 period, and income distribution is relatively equal. Belgium began circulating the euro currency in January 2002. Economic growth and foreign direct investment dropped in 2008. In 2009 Belgium suffered negative growth and
Luxembourg a special tax scheme for audiovisual investment, the film and co-production in Luxembourg has grown steadily. There are some 30 registered production companies in Luxembourg. Luxembourg won an Oscar in 2014 in the Animated Short Films category with "Mr Hublot". Luxembourg Luxembourg (; ; ; ), officially the Grand Duchy of Luxembourg, is a small landlocked country in western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France to the south. Its capital, Luxembourg City, together with Brussels and Strasbourg, is one of the three official capitals of the European Union and