Economy

Politics & Institutions
The triple A rating by S&P follows other AAA ratings by credit agencies such as DBRS Morningstar and Fitch. Alex Tihonovs/Shutterstock.
ECONOMY

S&P affirms triple A rating for Lux

The rating agency Standard & Poor's (S&P) has confirmed Luxembourg's triple A rating, the highest on its rating scale, and depicting extremely strong capacity to meet financial commitments.

Abigail Okorodus • 09/15/2021
Finance minister Pierre Gramegna pictured in parliament in October 2020. A petition to abolish taxes on 13th salaries and bonuses is waiting to be debated by lawmakers and the government Photo: Romain Gamba / Maison Moderne
ECONOMY

Bonuses, 13th salaries flush €248m into state coffers

Cordula Schnuer • 09/14/2021
Luxembourg City is hoping to bring back a Christmas market this year Photo: Shutterstock
ECONOMY

City hopes for Christmas market

Catherine Kurzawa • 09/13/2021
Christoph Herrmann, deputy CEO of Euro-Composites; Franz Fayot, economy minister; Crown Prince Guillaume; and Rolf Mathias Alter, president & CEO Euro-Composites, seen at the Euro-Composites facility in Echternach, 10 September 2019. Photo credit: Ministère de l’Économie
INDUSTRY

Euro-Composites outlines Echternach expansion plans

Aaron Grunwald • 09/13/2021
Lex Delles, pictured during a July 2021 press conference Photo: MECO
FINANCE & LEGAL

Time running out for pandemic business aid

Cordula Schnuer • 09/09/2021
Based on the latest calculations, an earlier wage indexation is likely to take place. Jne Valokuvaus/Shutterstock.
ECONOMY

Statec predicts an earlier wage indexation

Abigail Okorodus • 09/08/2021
Nominate a creative young entrepreneur in Luxembourg before 1 November Shutterstock
ECONOMY

Nominate a creative young entrepreneur

Delano.lu • 09/08/2021
Together with Thales Alenia Space CEO Jean-Loïc Galle, former Minister for Economic Affairs Étienne Schneider announced the new centre of excellence in June 2019. (Photo: SIP Archives)
TECHNOLOGY

Thales Alenia keeps promise made to Schneider

Thierry Labro • 09/08/2021
On Tuesday, Estonia's CIO, Siim Sikkut, presented a "state test-bed" where start-ups, researchers and companies can come to test technology and try out their business model. This model will be replicated in Luxembourg on a futuristic subject: the distribution of encrypted keys. (Photo: Digital Summit Estonia)
TECHNOLOGY

Estonia launches test bed, provides blueprint for Lux

Thierry Labro • 09/08/2021
Household spending on take-aways wasn’t enough to make up the difference in what diners previously spent on eating out in Luxembourg Shutterstock
ECONOMY

2020: a black year for food and drinks sector

Jess Bauldry • 09/07/2021
Just under 50,000 German residents work in Luxembourg. Photo: Shutterstock
POLITICS

Teleworking extended for German cross-border workers

Nicolas Léonard • 09/06/2021
The hotel occupancy indicators show "a strong demand for outdoor and nature holidays", explains Alain Krier. Photo: Wanderbüro Saar-Hunsrück/Klaus-Peter Kappest
ECONOMY

A better summer for the tourism sector

Maxime Toussaint • 09/06/2021
British beef sales to the EU dropped from £231.2m (€269.3m) in January–June 2019 to £145.4m (€169.4m) in January–June 2021, according to the UK’s Food & Drink Exporters Association. Photo: Shutterstock
EUROPE

UK food & drink exports see “sharp drop in sales to the EU”

Aaron Grunwald • 09/03/2021
In July, the unemployment rate in the grand duchy stood at 5.7% below the EU average of 6.9%, acccordfing to Eurostat. Andrey_Popov/Shutterstock.
ECONOMY

Lux unemployment rate at  5.7%  in July

Delano.lu • 09/01/2021
There was heavy flooding in Luxembourg on 14 and 15 July © SIP / Jean-Christophe Verhaegen
ECONOMY

Businesses seek help to pay for staff after floods

Teodor Georgiev • 08/26/2021
Wage indexation adjusts salaries to meet inflation and the rising cost of living Photo: Shutterstock
ECONOMY

Wage indexation on the cards for this year

Delano.lu • 08/24/2021
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