AGP Executive Report
Last update: an hour agoCorporate Deal: Luxembourg-registered BT Black Sea, owned by Spain’s Boluda Towage, won Ukrainian approval to take control of tugboat operator LBS Towage. Financial Markets: EU finance ministers agreed in Luxembourg to give ESMA direct oversight of major market operators, though carve-outs and governance limits drew criticism; the plan still needs Parliament’s approval. Economic Outlook: Luxembourg’s economy contracted 0.9% in the second quarter. The 2027 budget proposes €4.5 billion in investment and tax relief, while public debt nears 30% of GDP. Foreign Investment: Foreign-controlled firms make up 28% of Luxembourg businesses and account for 62% of value added and 45% of jobs, Eurostat reports. Digital Finance: The government plans a blockchain-based sovereign bond worth at least €1 billion, billed as a European first. Trade Links: CFL intermodal will launch a Luxembourg–Wrocław rail service on 20 October, starting with four weekly round trips.
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