Economy

Politics & Institutions
View of Luxembourg City’s Kirchberg business district, where French still reigns in the workplace, limiting opportunities for some international staff. Photo: Guy Wolff/Maison Moderne
ECONOMY

En français svp: French “important barrier” to job market access

Multilingualism is Luxembourg’s strength, but it can also be its weakness as language requirements for jobs are hampering access to the labour market for applicants who don’t speak French.

Cordula Schnuer • 21.02.2023
The unemployment rate in Luxembourg has remained almost stable for a year. It stood at 4.9% in January 2023. Photo: Guy Wolff/Maison Moderne/Archives
ECONOMY

Marginal increase in Luxembourg unemployment numbers

Mathilde Obert • 20.02.2023
The vagueness in Luxembourg about employee share ownership does not favour situations like the one of La Redoute, where employees who wanted to save their company earned on average €100,000 each. Photo: Velvet/Wikimedia Commons
ECONOMY

Can employee shareholders hit the jackpot in Luxembourg?

Mathilde Obert • 20.02.2023
The Chamber of Trades said that, across all sectors, the number of missing tradespeople in Luxembourg stands at around 3,800--20% more than in 2019. Photo: Shutterstock
ECONOMY

Trades sector: ‘State should step back, collaborate with private businesses more’

Tracy Heindrichs • 17.02.2023
The European Commission is forecasting growth of 1.7% in Luxembourg’s GDP in 2023 and 2.4% in 2024. Photo: Guy Wolff/Maison Moderne/Archives
ECONOMY

EU Commission forecasts 1.7% GDP growth for Luxembourg

Lydia Linna • 13.02.2023
The omnibus law applies not just to clothing, but also to foods and drinks.  Photo: Matic Zorman/Maison Moderne
RETAIL

“More transparency between competitors is good for the consumer”

Tracy Heindrichs • 07.02.2023
King Charles III has been, in effect, the crowned head of the Canadian providence of Alberta and the investment vehicle Alberta since 10 September 2022. Photo: Shutterstock
ECONOMY

Charles III appears in Luxembourg register of companies 41 times

Thierry Labro • 06.02.2023
In April, the take-home pay of people who earn the minimum social wage will be almost the same as before the two indexations that are due to take place at the beginning of this year. However, their net income will have fallen compared to February and March. Photo: Shutterstock
ECONOMY

Why your salary may decrease in April

Mathilde Obert • 01.02.2023
Volker Schmidt is senior portfolio manager at Ethenea Independent Investors, an investment management company. Photo: Ethenea
MARKETS

ECB likely to raise rates by 0.5% in February, March

Lydia Linna • 01.02.2023
The ECB confirms the bleak outlook for the eurozone’s lending activities.  Photo: Shutterstock
BANKS

Lending activities down, ECB survey confirms

Tracy Heindrichs • 31.01.2023
Pierre-Olivier Gourinchas is chief economist at the International Monetary Fund. Image: World Economic Outlook January 2023 Update on IMF.org
MARKETS

IMF projects higher-than-expected global growth of 2.9% in 2023

Lydia Linna • 31.01.2023
From Wednesday 1 February, salaries in Luxembourg will rise by 2.5% in line with the rising cost of living. Photo: Shutterstock
ECONOMY

Index wage hike to kick in 1 February

Mathilde Obert • 31.01.2023
The ministry of finance is pleased to have received the AAA rating from Scope Ratings, following that of Fitch. Photo: SG9LU
ECONOMY

Scope Ratings confirms Luxembourg’s AAA rating

Mathilde Obert • 30.01.2023
As inflation stays high, a wage indexation is expected to be triggered during Q1 of 2023, a mechanism that is estimated to cost close to a billion euro each time it is put in place. Photo: Nader Ghavami
ECONOMY

The cost of wage indexation

Tracy Heindrichs • 30.01.2023
According to Statec, fuel sales in the grand duchy have dropped by 10% over one year for petrol and 20% for diesel between June and October 2022. Photo: Guy Wolff/Maison Moderne/Archives
ECONOMY

Petrol and diesel brought in less in 2022

Jeremy Zabatta • 23.01.2023
Luxembourg’s unemployment rate was at 4.8% in December 2022. Photo: Guy Wolff/Maison Moderne
ECONOMY

Unemployment up end of year, fewer job vacancies

Cordula Schnuer • 20.01.2023
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