Finance

Luxembourg is Europe's second-largest investment-fund centre. We cover the asset managers, the regulator, cross-border tax rules, fintech, and the policy fights that determine where capital flows in the Grand Duchy and beyond.

  • Empty financial boardroom overlooking Kirchberg with loan files and a locked steel case.
    Defence finance

    New defence bank names Luxembourg as its European hub

    Luxembourg is set to host the European hub of a Canada-led defence bank seeking to mobilise up to £100 billion. Political backing is in place, but domestic treaty procedures and key financial commitments still lie ahead.

    By Pierre Hansen

  • An illustrative bond prospectus outside a glass financial-regulator building in Luxembourg City.
    Financial regulation

    Luxembourg regulator will let Israeli bond prospectus expire on 31 August

    The CSSF will not extend the Luxembourg-approved prospectus that allows Israeli government bonds to be offered in five EU countries. The authorisation expires on 31 August, although another European regulator could still approve a future prospectus.

    By Pierre Hansen

  • The glass office towers of Frankfurt's banking district seen through morning mist from across the river Main.
    European banking consolidation

    UniCredit's stake in Commerzbank rises to 47.6% as Berlin refuses to sell

    UniCredit said on Wednesday that its takeover offer for Commerzbank had lifted the stake it can oversee to 47.6%, even though only about 1% of the German bank's free-float investors tendered shares. Berlin, holding roughly 12%, still refuses to sell, and the European Central Bank must now decide whether the Italian lender counts as being in control.

    By Pierre Hansen

  • Endless rows of dark server racks in a cavernous data-centre hall, lit faintly by a distant doorway.
    Annual Economic Report

    Basel Sounds the Alarm: the AI Boom Is Built on Debt

    In its 2026 Annual Economic Report, released at its Basel annual meeting, the BIS warns that the AI boom has become a major, debt-financed driver of US growth whose reversal could hurt the whole economy. It also flags a new fiscal-financial stability nexus around record public debt. For Luxembourg, the world's second-largest fund domicile, the warning lands close to home.

    By Pierre Hansen

  • Glass office towers of Luxembourg's Kirchberg financial district at dusk, reflected in a wet empty plaza.
    Crypto regulation

    Europe's Crypto Reckoning Arrives, and It Runs Through Luxembourg

    Binance is pulling back from the European Union after failing to win a licence under the bloc's MiCA regime, while Coinbase has secured its EU-wide passport from Luxembourg's CSSF — a split-screen moment as the transition period ends.

    By Pierre Hansen

  • An unbranded white weedkiller canister and a coiled hose on a garden-shed shelf in warm afternoon light.
    Product liability

    Bayer Wins at the Supreme Court, and a Decade of Roundup Risk Lifts

    The US Supreme Court threw out a $1.25 million Roundup verdict and held that federal law preempts the state failure-to-warn claims behind most glyphosate cancer suits — a sweeping win for Bayer that erased years of legal overhang in a single morning.

    By Pierre Hansen

  • A weathered, idle oil pumpjack silhouetted against a hazy dusk sky over dry, cracked plains.
    Sovereign debt

    Venezuela Counts Its Debts, and the Total Reaches $240bn

    Venezuela is set to disclose a public-debt pile approaching $240bn, well above the $150bn–$170bn analysts had assumed. Built up since the 2017 default, it sets up the biggest sovereign restructuring on record, with a sprawling creditor list and Wall Street advisers already circling.

    By Pierre Hansen

  • The white-marble neoclassical facade of the US Federal Reserve building in Washington at dusk, with empty steps and tall columns.
    Federal Reserve

    Alan Greenspan, the Fed's maestro and its reckoning, dies at 100

    Alan Greenspan, who chaired the US Federal Reserve from 1987 to 2006 and was celebrated as 'the maestro' before the 2008 financial crisis darkened his legacy, has died at 100 from complications of Parkinson's disease.

    By Pierre Hansen

  • Rows of blank brushed-brass company nameplates beside a quiet townhouse doorway in Luxembourg City.
    Cross-border wealth

    Belgium's Wealthiest Still Bank on Luxembourg

    A fresh investigation by two Belgian newspapers finds the country's hundred wealthiest families hold roughly €91 billion through 416 Luxembourg companies — nearly double the figure recorded in 2018, and a fresh test of the Grand Duchy's holding-company reputation.

    By Pierre Hansen

  • A glass office tower in Luxembourg's Kirchberg district at dusk reflecting faint parallel satellite light-trails across the sky.
    Sustainable finance

    The biggest IPO ever comes with a CCC. Luxembourg's green funds have to answer for it.

    SpaceX's record Nasdaq debut is being ushered into the MSCI World even as the same provider hands it the lowest ESG grade on its scale. The clash matters most in Luxembourg, the world's second fund domicile and Europe's largest home for sustainable portfolios, where index trackers and SFDR Article 8 and 9 funds must decide whether to own a CCC-rated stock.

    By Pierre Hansen

  • An oil tanker seen from above moving through a narrow turquoise strait between arid mountains at dawn.
    Energy

    Hormuz reopens, and Luxembourg's pumps feel the relief

    The signing of a 14-point US–Iran memorandum reopening the Strait of Hormuz has pulled crude back toward $80 a barrel — and in import-dependent Luxembourg, where the Ministry of the Economy fixes maximum pump prices, the relief is already visible on the motorway price boards.

    By Pierre Hansen

  • A single euro coin on the brushed-steel floor of a dark data-centre aisle, lit by cool blue equipment light.
    Monetary sovereignty

    Europe's race for a digital euro runs through Luxembourg

    A US law has accelerated dollar-backed stablecoins, prompting the ECB to push for a digital euro by 2029. Luxembourg, the EU base for PayPal and Amazon and a hub for blockchain-bond experiments, is unusually exposed to the outcome.

    By Pierre Hansen

  • A brass ceremonial bell on a wooden lectern beside a young oak sapling in a planter, in a bright glass stock-exchange atrium.
    Green finance

    Luxembourg turns its stock exchange into a climate-finance stage

    From 3 to 5 June 2026 Luxembourg hosted its first International Climate Finance Days, marking ten years of the Luxembourg Green Exchange and gathering the EIB, the European Commission and Brazil's foreign minister to debate how to move private capital into the climate transition.

    By Tom Reuter

  • A pay envelope and euro banknotes beside a calculator on a desk.
    Pay and benefits

    The 13th-month salary in Luxembourg: when it is owed

    Many employees in Luxembourg expect a 13th-month salary, but there is no statutory right to one. It is owed only when written into your contract, provided by a collective agreement (CCT), or established as a binding company custom. The practice is common in banking, insurance, and healthcare. This explainer covers when a 13th month is genuinely due, how it differs from a gratification or a discretionary bonus, how it is taxed, and what you can claim if you leave mid-year.

    By Luc Bertemes

  • Knitted baby booties beside a work lanyard on a wooden table.
    Family & Work

    Maternity, Paternity and Parental Leave in Luxembourg: A Guide to the Three Statutory Leaves

    Luxembourg parents have three distinct statutory leaves. Maternity leave is 20 weeks (8 before, 12 after the birth), paid by the CNS as a maternity allowance. Paternity or co-parent leave is 10 days, taken within two months of the birth. Parental leave gives each parent 4 or 6 months full-time (or part-time and split options), paid by the CAE as an income-replacement allowance. This guide explains the durations, amounts, application deadlines and job protection.

    By Pierre Hansen

  • A parent pushes a pram along a tree-lined avenue in Luxembourg, seen from behind.
    Family finance

    Child Benefit in Luxembourg: Amounts and How to Claim the Allocations Familiales

    Luxembourg's family allowance pays €315.04 per child per month, rising with age supplements at 6 and 12. A back-to-school allowance of €115 or €235 is added each August, and a €1,740.09 birth allowance is paid in three tranches. The Caisse pour l'avenir des enfants (CAE) handles every claim, for residents and for the children of cross-border workers alike.

    By Luc Bertemes

  • A person waits in a public employment-office corridor in Luxembourg.
    Money & Work

    Unemployment benefits in Luxembourg: who qualifies and how much is paid

    Lose your job in Luxembourg through no fault of your own and the State pays full unemployment benefit (indemnité de chômage complet): 80% of your prior gross salary, or 85% with a dependent child. You must register with ADEM within four weeks, apply within two weeks of registering, have worked at least 182 days in the previous 12 months, and be a resident aged 16 to 64. Benefit runs for up to 12 months and is applied for online.

    By Luc Bertemes

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