Luxembourg’s seasonally adjusted unemployment rate reached 6.4% in June. ADEM counted 19,619 available resident jobseekers, 9.7% more than a year earlier, even as the number of declared vacancies increased.
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.
Both residents and non-residents can open a bank account in Luxembourg. The main retail banks are Spuerkeess (BCEE), BGL BNP Paribas, BIL, ING Luxembourg and POST Finance, alongside neobanks like Revolut and N26 for everyday spending. You typically need a valid passport or ID, proof of address, your matricule (national social security number) and often an employment contract. An in-branch identity check is common, but several banks let you start online. Fees vary by bank.
The European Central Bank spent 2026 moving its digital euro from study to trial, inviting banks to join a pilot and pressing lawmakers to pass the enabling regulation. A digital euro would be public money on your phone - a complement to cash, not a replacement - with a cap on how much you can hold and a cash-like privacy mode offline. Here is where the project stands and what it would mean.
Since 9 October 2025, banks across the euro area - Luxembourg included - must run a free "Verification of Payee" check before you confirm a transfer, flagging when the name you typed does not match the IBAN's real account holder. It is part of the EU's Instant Payments Regulation, which also forces banks to offer ten-second transfers at no extra cost. Here is what changed and why.
Reported on 4 May 2026, Deutsche Bank Luxembourg's 2025 results show net interest income falling from €582.5M to €509M — a tougher rate environment biting before the bank's mid-2026 relocation to Skypark.
The two largest Luxembourg-headquartered retail banks reported full-year 2025 results in late April 2026 within a week of each other, both above expectations.
From end-June 2026, BGL BNP Paribas, BIL, Raiffeisen and Spuerkeess become the first Luxembourg banks to offer Wero, the European payments alternative to Visa and Mastercard. In parallel, the LuxConstellation ATM mutualisation pilot starts and BIL reports €210 million in 2025 net income, +24% YoY.