Luxembourg, similar to Belgium, excelled in the iron industry and this industry partially remains till now. The country is one of the financial powers of Europe. Banking and insurance has a very strong position. There is excellent cultivation of wine – It is very rare in the world to have such good quality of grapes cultivated in the north areas (around the 50th parallel north latitude). Luxembourg’s wine region neighbours the German wine region. German language has an equal position in Luxembourg with French and with official language Luxembourgish (a mixture of both languages, but a bit closer to French).