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News

Unemployment in Luxembourg Hits Nearly Five-Year High

Recent data shows that Luxembourg’s unemployment rate has climbed to around 6.2%, the highest level seen in nearly five years, reflecting ongoing shifts in the nation’s labour market.  This rise in joblessness, marking an increase from the previous month, highlights challenges for job seekers and policymakers alike as more residents register with the National Employment Agency. In particular, highly qualified job seekers and long-term unemployed individuals have contributed to the uptick, even as employers continue to report a significant number of open positions. Although Luxembourg’s economy remains robust overall, the labour market trends suggest a cooling phase where finding work has become tougher for many, and sectors like administrative support, IT and transport are seeing noticeable increases in jobseekers.  Officials are watching these developments closely as they work to balance workforce needs and improve employment opportunities across the country. Read more: tradingview.com/news/te_news:511807:0-luxembourg-unemployment-at-nearly-5-year-high  Join Luxembourg Expats, the #1 homegrown community for expats in Luxembourg. Connect with people and businesses locally - discover expats focused local services, buy and sell items, find housing and apartment rentals and buys, events, discounts and meet people to make friends - all in one expats companion app in Luxembourg. Sign up free at luxembourgexpats.lu and become part of Luxembourg’s trusted expats network. 

News

Government Moves to Revive Dudelange Steel Site

The Luxembourg government has made a strategic offer to acquire the bankrupt Liberty Steel plant in Dudelange, aiming to turn the long-idle industrial site into a hub for economic revitalisation and future job creation.  After years of inactivity and the company’s bankruptcy in 2024, the government’s plan would bring the property under public control, preventing a private sale and allowing for careful redevelopment planning.  Officials from the Ministry of the Economy said they are considering various options for the site, including potential manufacturing or defence-related projects, as part of efforts to restore employment opportunities in the region. The acquisition reflects broader efforts to support regions and workforce affected by industrial decline and provide a fresh direction for the once-active facility. Trade unions and community leaders have welcomed these steps, seeing them as an important move to protect jobs and the local economy. Read more: https://gmk.center/en/news/luxembourg-offers-e14-5-million-for-liberty-steel-dudelange-plant/  Join Luxembourg Expats, the #1 homegrown community for expats in Luxembourg. Connect with people and businesses locally - discover expats focused local services, buy and sell items, find housing and apartment rentals and buys, events, discounts and meet people to make friends - all in one expats companion app in Luxembourg. Sign up free at www.luxembourgexpats.lu and become part of Luxembourg’s trusted expats network.  

Luxembourg

Luxembourg’s Defence Strategy Boosts Tourism Confidence

Luxembourg’s increased defence spending in 2025 is having an unexpected impact on tourism by raising the country’s profile as a secure, stable destination. The government’s acceleration of defence investment toward NATO targets has drawn international delegations, security forums and business visitors, boosting hotel bookings and event attendance. Tourism officials are leveraging this momentum to position Luxembourg as a year-round destination for conferences and business events, especially in defence and technology sectors. This shift is generating economic benefits beyond traditional leisure travel. Enhanced security measures are also strengthening visitor confidence, with upgraded systems and cyber protections reinforcing Luxembourg’s reputation as a safe place to visit. Cultural attractions and local hospitality continue to complement this image for international travellers. Read more: https://www.travelandtourworld.com/news/article/luxembourg-tourism-gains-new-momentum-as-2025-defence-strategy-boosts-events-security-image-visitor-confidence/ Join Luxembourg Expats, the #1 homegrown community for expats in Luxembourg. Connect with people and businesses locally - discover expats focused local services, buy and sell items, find housing and apartment rentals and buys, events, discounts and meet people to make friends - all in one expats companion app in Luxembourg. Sign up free at www.luxembourgexpats.lu and become part of Luxembourg’s trusted expats network.  

News

Paytm Goes Global with New Units in Indonesia and Luxembourg

Fintech company Paytm’s parent, One97 Communications, is broadening its global footprint by establishing wholly owned subsidiaries in Indonesia and Luxembourg, aiming to grow its merchant payments and financial services internationally. The company plans to invest up to ₹25 crore in each new unit to support local licences, partnerships and organic expansion efforts.  At the same time, Paytm is restructuring its United Arab Emirates (UAE) business by selling a 49% stake in its Paytm Arab Payments arm to Abbar Global Opportunities Holdings, linked to UAE property billionaire Mohamed Alabbar. This will make the UAE unit 51% owned by Paytm Cloud Technologies while bringing in local investment and strategic support.  The move reflects Paytm’s strategy to enter new markets and strengthen its global technology distribution network. With the fresh subsidiaries and UAE partnership, the company is positioning itself for broader international growth.  Read more: https://www.storyboard18.com/brand-marketing/paytm-expands-overseas-presence-with-indonesia-luxembourg-units-dilutes-uae-arm-stake-86369.htm Join Luxembourg Expats, the #1 homegrown community for expats in Luxembourg. Connect with people and businesses locally - discover expats focused local services, buy and sell items, find housing and apartment rentals and buys, events, discounts and meet people to make friends - all in one expats companion app in Luxembourg.Sign up free at www.luxembourgexpats.lu and become part of Luxembourg’s trusted expats network.  

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