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The number of bankruptcies declared in the first quarter of the year remained stable compared to previous years

Bankruptcies in Luxembourg remained stable in the first quarter of 2026, while liquidations declined and job losses fell significantly, according to new figures from Statec.

285 businesses declared bankruptcy in the first three months of 2026. Although this is usually accompanied by job losses, the number of redundancies was down 27% compared to the same time period in 2025.

The situation in the construction sector saw mild improvements, with 45 bankruptcies - 5 fewer than last year. 51 commerce businesses closed down, an increase of 42%. This resulted in double the number of job losses compared to the first trimester of 2025.

The hospitality sector saw 18 bankruptcies, or 51% fewer than last year. The number of jobs in restaurants, hotels, fast food outlets, and bistros has managed to increase by 44% in spite of the closures.

Also today

• The health and social security ministries have announced that free access to the HPV vaccine would be rolled out to young people aged 21–26 who were not vaccinated during adolescence.
• A video circulating on social media, appearing to show an RTL report about a funding project launched by Grand Duke Henri, is fake and intended to scam users.
• France and Britain said Friday they will lead a multinational mission ensure freedom of navigation in the Strait of Hormuz, while emphasising the force would be entirely defensive.
• Oil prices plunged more than 10 percent and stock markets surged today, after Iran said the Strait of Hormuz would be “completely open” for the rest of the ceasefire.
• A private rescue operation to save a stranded 13.5-metre humpback whale off Germany’s Baltic coast has reached a decisive stage, with officials reporting renewed signs of activity that may improve the animal’s chances of survival.
• A Frenchwoman who moved to the United States to marry a Vietnam war veteran she first met six decades ago has been returned to France.

On air

Ticket give away again today, with Joe Bonamassa coming to the Rockhal on Monday 27th April. And Laura covers Tom on Drive on Friday evening!

Figure of the day

In the second quarter of 2026, an indexation adjustment will first lead to a 2.5% increase across all wages, civil service salaries, and pensions.

• Although Luxembourg already offers the highest minimum wage in Europe (€2,703 gross per month), it does not comply with the latest European directive on minimum wages. This directive states that minimum income for full-time work should not be calculated in absolute terms (euros per month), but rather based on a reference point.
• Currently set at €2,703 gross per month for unskilled workers and €3,244 for skilled workers, the social minimum wage will be revised in two stages.

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