Economy

Politics & Institutions
Construction prices rose by 15.9% year-on-year, according to the latest figures from Statec. Photo: Matic Zorman/Maison Moderne (archives)
ECONOMY

Construction prices have soared over past year

Building is becoming more and more expensive in Luxembourg. Prices in the sector have risen by 6.8% in six months, slightly less than in the previous six months. But over twelve months, they have risen by 15.9%, the highest since 1975.

Mathilde Obert • 17.01.2023
For every employee in the grand duchy’s financial industry, 1.1 jobs are created in another sector, Luxembourg for Finance and Deloitte said in a report released on 17 January 2023. Library picture: Nicolas Mackel of Luxembourg for Finance is seen attending a fund industry conference, 20 September 2022. Photo: Romain Gamba/Maison Moderne
MARKETS

Nearly a third of jobs in Luxembourg linked to financial sector

Aaron Grunwald • 17.01.2023
Luxembourg maintained its triple-A score despite the energy and economic crisis. Fitch in its rating highlighted the country’s economic resilience and prudence.  Library picture: Romain Gamba / Maison Moderne
ECONOMY

Fitch maintains AAA rating for Luxembourg

Tracy Heindrichs • 16.01.2023
Jean-Paul Olinger and Flora Castellani at the Luxembourg Employers’ Association (UEL), argue in favour of tax reform. Photo: Matic Zorman/Maison Moderne
MARKETS

“Tax reform for the sustainability of the country”

Sébastien Lambotte • 13.01.2023
The funds for national recovery and resilience plans are meant to boost the climate and digital transitions. Photo: Oleksii Sidorov/Shutterstock.
INSTITUTIONS

Luxembourg receives 13% of national recovery plan grants

Lydia Linna • 12.01.2023
Better results in 2022 are explained by the rise in the price of agricultural products. Milk, in particular, generates more than 40% of the total value of the country’s agricultural production, according to the agriculture ministry. Photo: Guy Wolff/Maison Moderne
ECONOMY

Uncertainty ahead for farmers after price boost in 2022

Lydia Linna • 10.01.2023
Food prices in residents’ shopping carts rose by 0.5% in December 2022 year-on-year. The biggest increases compared to the previous month were for fresh vegetables (+5.1%), fresh fish (+4.8%), baby food (+2.7%) and breakfast cereals (+2.2%). Photo: Matic Zorman/Maison Moderne (archives)
ECONOMY

No indexation in January

Jeremy Zabatta • 09.01.2023
Guy Verhofstadt, pictured here visiting Luxembourg in 2019, has questioned the effect of EU sanctions on Russia. Library photo: Olivier Minaire
ECONOMY

Trade in goods with Moscow at a standstill

Marc Fassone • 07.01.2023
Falling energy prices are bringing headline inflation down, but core inflation continues to grow. Photo: Shutterstock
ECONOMY

Eurozone inflation down to 9.2%, core inflation up

Tracy Heindrichs • 06.01.2023
The amount of Luxembourg crémant exported to locations outside the EU has grown by a healthy volume in recent years. Photo credit: deborah_s_perspective/Flickr (CC BY 2.0)
RETAIL

Luxembourg crémant exports sparkled in 2021

Aaron Grunwald • 03.01.2023
As of January 2023, advance payment of social security contributions have been abolished. Thanks to this measure, employers and the self-employed will benefit from additional cash equivalent to one month’s social security contributions. Photo: Christophe Lemaire/Maison Moderne (archives)
ECONOMY

Advance payments of social security contributions ending

Mathilde Obert • 02.01.2023
Laurent Pulinckx, CIO of the Luxembourg Stock Exchange, talks about end-user computing, cybersecurity and two dimensions of green tech. Photo: Luxembourg Stock Exchange
TECHNOLOGY

Talent, cybersecurity and green tech high on the tech agenda for 2023

Laurent Pulinckx (guest contributor) • 01.01.2023
Social minimum incomes are going up from 1 January 2023. Photo: Shutterstock
ECONOMY

Minimum wage, social parameters updated for 2023

Tracy Heindrichs • 30.12.2022
Luxembourg Stratégie launched a public survey where anyone can give their opinion on the mid-term future of the country. Photo: Maison Moderne Archive
ECONOMY

Have a say in Luxembourg’s economic strategy

Tracy Heindrichs • 27.12.2022
Delano’s Aaron Grunwald has been intrigued by behind-the-scenes mechanics and the human face of people working in Luxembourg’s financial sector. Photo: Maison Moderne
MARKETS

General indicators

Aaron Grunwald • 25.12.2022
Luxembourg’s GDP showed growth during Q3 (+1.1%) in contrast with the eurozone, but this is mainly thanks to the financial sector (+2.6%), and therefore “an isolated phenomenon” that is unlikely to continue.  Guy Wolff/Maison Moderne
ECONOMY

Unemployment rate stable but job market less dynamic as year ends

Tracy Heindrichs • 20.12.2022
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