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Luxembourg needs ‘a collective wake-up call’ on economy, says business lobby CEO

29.09.2026 - Luxembourg Times

In the press

Chamber of Commerce’s Carlo Thelen warns that geopolitical crises and soaring energy prices are threatening Luxembourg’s economic model.

In the face of wars, global conflicts and soaring costs, Carlo Thelen, the CEO and director general of the Luxembourg Chamber of Commerce, has warned that the country’s tried-and-tested economic and social model is being severely shaken. 

In an interview with the Luxemburger Wort, Thelen said that what is needed now is a collective wake-up call and genuine courage to undertake structural reforms.

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