The share of Luxembourgish firms investing has remained similar over the last few years at around 80%. However, the share of firms expecting to increase rather than decrease investment has risen in 2024 (from a net balance of -4% in EIBIS 2023 to a net balance of 11% in EIBIS 2024). The...

The VAT Gap represents the difference between expected VAT revenues and those actually collected, reflecting compliance challenges, policy inefficiencies, and enforcement gaps. As part of the European Commission's ongoing efforts to improve VAT compliance and revenue collection, these 27 country...

This report documents the work done in the most recent annual update for Luxembourg. This work was carried out by the EUROMOD core development team, based at the JRC in Seville, in collaboration with the national team.

There have been four ELD occurrences in Luxembourg. Two occurrences occurred between 2013 and 2017. One occurrence involved damage to water; the other involved damage to protected species and natural habitats. In July 2019 and March 2020, there were two further ELD occurrences, both involving...

Overall, in 2022, Luxembourg's government effectiveness remained above the average of the European Union Member States (EU‑27) compared to the pre-COVID‑19 score in 2019. Traditionally ranked among the top EU Member States, Luxembourg has improved its performance slightly compared to...

The Commission carried out a study to look at consumer behaviours concerning food waste and date marking. The study covered over 25000 participants from across all 27 EU Member States, who were asked to report on how they manage food in their daily lives through a survey. Based on their...

With growing emphasis on sustainable practices, carbon taxes and congestion charges are emerging as key tools to reduce greenhouse gas emissions and improve air quality, yet they often face public resistance. Using longitudinal data from a randomized survey experiment in Luxembourg, this paper...

The JRC has established a strong and productive partnership with Luxembourg in the field of nuclear. Through this collaboration, the JRC has worked closely with Luxembourg's national authorities, research institutions and other stakeholders to exchange knowledge, share expertise, and jointly...

The JRC has established a strong and productive partnership with Luxembourg in the field of nuclear. Through this collaboration, the JRC has worked closely with Luxembourg's national authorities, research institutions and other stakeholders to exchange knowledge, share expertise, and jointly...

The Media Pluralism Monitor (MPM) is a research tool that is designed to identify potential risks to media pluralism in the Member States of the European Union and in Candidate Countries. This narrative report has been produced on the basis of the implementation of the MPM that was carried out...

This report provides the third and final assessment of the implementation of the European Systemic Risk Board's (ESRB) country-specific Recommendations on medium-term vulnerabilities in the residential real estate (RRE) sector.

This report documents the work done in the most recent annual update for Luxembourg. This work was carried out by the EUROMOD core development team, based at the JRC in Seville, in collaboration with the national team.

This Flash Eurobarometer, 'Public opinion in the EU regions' (FL539), was conducted at the request of the Directorate-General for Communication. The survey is designed to assess the views of EU citizens living in each of 194 individual regions across the 27 EU Member States. The survey was built...

Luxembourg welcomes the work of the EESC's Fundamental Rights and Rule of Law Group and would like to highlight the constructive discussions that have taken place on 2-3 March 2023 in Luxembourg. While taking note of the observations made in the draft report following this visit, as received on...

Luxembourg welcomes the work of the EESC's Fundamental Rights and Rule of Law Group and would like to highlight the constructive discussions that have taken place on 2-3 March 2023 in Luxembourg. While taking note of the observations made in the draft report following this visit, as received on...

This unique insight into the corporate investment in Luxembourg examines companies' finance needs and the constraints they face. The 2023 edition also provides insight into the pressing issues facing firms, such as climate change, high energy costs and the green transition. The survey, which has...

This VET policy brief produced by Cedefop presents a snapshot of vocational education and training policy developments in Luxembourg between 2020 and the beginning of 2023. It presents the context and the challenges the country faces, a selection of the latest VET-related statistics, as well as...

Research background: Applied welfare economics offers various social welfare functions (SWF) for appraising income distributions. Social planners commonly use two SWFs: SWFε implied by income inequality aversion (ε) and SWFv implied by rank inequality aversion (v). However, a voluntary choice...

The European Green Deal aims for a 90% reduction of greenhouse gas emissions for transport. Different policies are in place to achieve this goal, including standards on CO2 vehicle emissions, public procurement rules, or the recently adopted Alternative Fuels Infrastructure Regulation (AFIR)....

The paper explores the nexus between the financial and business cycles in a semi-structural New Keynesian model with a financial accelerator, an active banking sector, and an endogenous macroprudential policy reaction function. We parametrize the model for Luxembourg through a mix of calibration...

The Luxembourg financial system is highly interconnected, diverse and complex. It has displayed a high level of resilience in the past but currently faces a backdrop of heightened economic, financial, and geopolitical uncertainty. Investment funds have grown since the 2017 FSAP, while their...

The insurance sector in Luxembourg is very large and serves as a European hub, specifically in the non-life (re)insurance sector and in unit-linked life insurance. Sector assets equaled EUR 289bn in June 2023, corresponding to 372 percent of GDP, significantly higher than in other European...

Strong policy support and high financial buffers are helping the financial sector weather the consecutive shocks, but pre-pandemic vulnerabilities have continued to rise. Ultra loose financial conditions, in part as a consequence of ECB’s monetary policy, have contributed to increased...

This review1 examines specific aspects of the banking supervision regime in Luxembourg focusing on the supervision by the Commission de Surveillance du Secteur Financier (CSSF) of Less Significant Institutions (LSIs). In addition to updating the findings of the previous Technical Note of 2017,...

The Investment Funds (IFs) industry in Luxembourg dominates the domestic financial sector and the EU funds landscape. The Assets Under Management (AUM) of the IF industry in Luxembourg is around 80 times its GDP, much higher than banking (13 times GDP) and insurance (3 times GDP). Based on IF...

In this article, I offer a historical analysis of how bankers in Luxembourg came to be important service providers to borrowers in the Belgian Congo and Apartheid South Africa. I demonstrate how a series of unique political and cultural factors linking Luxembourg and these two (neo)colonial...

The assessment of Luxembourg's large, interconnected, and complex financial system took place against heightened economic, financial, and geopolitical uncertainty. Investment funds have grown since the 2017 FSAP, while their connections to other funds, banks, nonbank financial intermediaries,...

The new government took office in November 2023 and key plans include lowering taxation to boost purchasing power and competitiveness. A financial sector assessment program (FSAP) concluded together with the Article IV in March 2024

Luxembourg is a parliamentary representative democracy headed by a constitutional monarch, the Grand Duke. The Constitution dates back to 1868.1 A reform of the Constitution took place in recent years and resulted in a new text that was adopted in December 2022 and entered into force on 1 July...

The Grand Duchy of Luxembourg is characterised by cultural diversity and the common use of several languages. Its population is quite homogeneous, with the vast majority of foreigners being European Union citizens, most of whom are Catholics by religion. The Grand Duchy of Luxembourg has one of...

This Fact Sheet forms part of a series of 27 Fact Sheets, each one providing data insights into the twin transition and the technological performance of industrial ecosystems of a specific EU Member State. It has been prepared within the 'European Monitor of Industrial Ecosystems' (EMI) project...

With growing emphasis on sustainable practices, carbon taxes and congestion charges are emerging as key tools to reduce greenhouse gas emissions and improve air quality, yet they often face public resistance. Using longitudinal data from a randomized survey experiment in Luxembourg, this paper...