AGP Executive Report
Last update: 6 hours agoTripartite Talks in Luxembourg: At Senningen Castle, Prime Minister Luc Frieden’s first Tripartite meeting with unions and employers focused on energy prices, purchasing power, decarbonisation support for renovations and new builds, and help for agriculture hit by higher fertiliser costs—while social partners signalled constructive momentum. Energy Costs: Former Energy Minister Claude Turmes pushed for electricity to stay cheaper than gas via subsidies, arguing heat pumps and electric trucks must be affordable to make the transition stick. Diesel Price Rise: From Wednesday, Luxembourg diesel increases by 5.2 cents to €1.782/litre, with heating oil and industrial/commercial diesel also up. Dairy Shock for Farmers: Luxembourg’s Prolek cooperative is scrambling for a new buyer after Lactalis’ contract termination, with Arla seen as capacity-ready but a fast takeover described as unlikely. Foreign Investment Benchmark: A new EY Europe Attractiveness Survey frames the race for capital by counting individual investment projects, with France still leading. EU Accession Track: Hungary signals it may lift its veto for Ukraine and Moldova, with the first negotiating cluster planned in Luxembourg on June 15. Space/Connectivity: SES is expanding multi-orbit in-flight connectivity on Mexico’s Viva fleet, retrofitting Airbus jets for global coverage. Luxembourg Finance Tech: Franklin Templeton and MoonPay integrate BENJI into institutional workflows for tokenised money market funds.
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