Some 82 percent of businessmen polled for the Luxembourg Business Compass study think that the government is not doing a good job in curtailing the national debt.
The most recent Luxembourg Business Compass study has found that around a third of the country's top business leaders expect a decline in the number of employees at their companies over the next six months.
Top-ranking entrepreneurs in Luxembourg expect the country's economy to contract over the next 12 months, with problems identified in the areas of competitiveness, labour costs and the regulatory environment, a survey has found.
On Thursday, the Luxemburger Wort and KPMG presented the first Business Compass for 2012, a monitor for expectations and previsions for the Luxembourg economy by key decision makers and business leaders.
It is time to look at long-term effects of government policy in order to ensure Luxembourg’s competitiveness, stability and growth, Finance Minister Luc Frieden said during a panel discussion on the Luxembourg Business Compass.
Finance Minister Luc Frieden spoke out once again against the representation of Luxembourg as a tax stealer in French and British media reports at the Luxembourg Business Compass presentation.
Prospects for Luxembourg's economy as estimated by business leaders are worse at the end of the first quarter of 2012 than they were towards the end of 2011, a study finds.
Over 80 percent of Luxembourg decision-makers find that the euro crisis has negatively impacted their business, with an increasing amount of businesses saying it will take two years or longer to return to pre-crisis levels.
The Luxembourg Business Compass has found that a majority of business leaders think wage indexation should be abolished when the current modulated regulations run out in 2015.
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