
Luxembourg Issues Tax-Exempt Sovereign Bond to Finance Defence Spending
The Grand Duchy is opening its growing defence budget to private savers, with a new sovereign bond whose interest income is exempt from personal tax.
Coalition arithmetic, parliamentary debates, the Bettel and Frieden legacies, electoral redistricting, and the ongoing test of how a country of 670,000 people governs an economy of 50 nationalities.

The Grand Duchy is opening its growing defence budget to private savers, with a new sovereign bond whose interest income is exempt from personal tax.

From 4 p.m. on 11 April through midnight on 12 April 2026, Russia and Ukraine paused fire for Orthodox Easter. Both sides accused each other of hundreds of breaches; US-mediated peace talks have effectively stalled.

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On 3 October 2025, Henri signed the Act of Abdication at the Grand Ducal Palace in front of the Belgian and Dutch monarchs, and his son Guillaume was sworn in as Grand Duke at the Chamber of Deputies the same day.