Elections 2023 - What future for business?

Growth, prosperity, sustainability. When citizens go to the polls on 8 October 2023 for the legislative elections, they will elect the leaders who will have to implement the key priorities for the country's future. By 2028, Luxembourg will have to learn the lessons of successive crises and hardships to be more stable, resilient, sustainable, inclusive, attractive, and competitive, while being a laboratory for major transitions. The country will have to participate actively in the pursuit and consolidation of European integration and strengthen its role as a driving force for the development of the Greater Region.

The collective well-being targeted is closely linked to the entities that create value, namely companies. It is within companies that the solutions to ensure the attractiveness and success of Luxembourg are lived and developed.

The Chamber of Commerce contributes to the electoral debate by carrying the voice of its member companies and of Luxembourg's economic players more widely. It intends to stimulate reflection and exchanges with the political candidates, through 30 key solutions.

The Chamber of Commerce's proposals are gathered in six thematic booklets including an overview of the situation, observations on needs and solutions. The booklets can be downloaded free of charge and concern these major themes 

  • Developing all talents within an attractive, efficient, and open labour market is a top priority to address the growing labour shortage. Numerous measures will have to be taken in this area, from basic education to vocational training in companies, including a more ambitious talent strategy and an efficient ecosystem to attract third-country nationals.
  • Accelerating the ecological and energy transitions with a business-friendly framework will be at the heart of the public policies to be implemented. While the considerable progress to be made must be shared between the public sector, citizens and businesses, the ecological transition of the private sector requires investments on an unprecedented scale and technological advances that require significant support from the State. Nevertheless, it will be necessary to avoid the trap of over-regulation, to quickly find solutions for an efficient energy transition and to apply a level playing field between European and global players.
  • Laying the foundations of a competitive and innovative "data-driven economy" is as much part of the strategy of economic diversification as it is an indispensable part of the future competitiveness of the entire productive sector within a global movement of digitalisation of most sectors of activity. Digitalisation, data-related technologies, artificial intelligence, and cybersecurity are as many opportunities for companies as they are subjects for which national players must be supported. These are also the present and future growth niches of the Luxembourg economy. Strengthening the attractiveness of Luxembourg for start-ups, researchers, and innovators in the broad sense of the term is thus a priority objective for the next five years.
  • Steering territorial development to meet housing and transport needs is at the heart of the concerns of Luxembourg residents and cross-border workers, and hence of businesses. The strong demographic dynamism is not compensated for by public policies that are equal to the task in terms of housing and transport infrastructure. Housing is thus a major obstacle to the country's attractiveness for labour, while transport congestion is holding back the population and the economy. The next government will have to invest more to ensure that infrastructure keeps pace with growth and implement sustainable development of the national territory for the benefit of the population, the economy and the people who work in Luxembourg.
  • Maintaining and increasing the attractiveness and competitiveness of the economic model will ensure long-term prosperity. Entrepreneurial dynamism, which would benefit from a revaluation of the status of the self-employed and a more efficient ecosystem for the transfer of businesses, is the foundation of the productive fabric of tomorrow. It requires a pro-business framework of which administrative simplification, labour costs and taxation are an integral part. However, the current high inflation highlights the limits of automatic indexation and its impact on the profitability of companies. The competitiveness of the financial centre must be strengthened in the coming years, with the ambition of becoming the European leader in sustainable finance.
  • Guaranteeing sustainable public finances, pensions and social protection for all generations is the crucial mission that the next government will have to embrace, despite possible reluctance to go back on mechanisms that are particularly generous in international comparison. There is still room for progress in making public spending more efficient, with greater integration of digitalisation, and in making the budget a tool for effective public policies. The current pension system is not sustainable in the long term and needs to be reformed now to guarantee the living standards of the different generations, especially the working population and the youngest. Introducing a dose of selectivity to the social protection system would make it fairer and more robust in the long term.

Please find below the links to the background documents and the campaign events.


Our 30 flagship measures


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