Engagement in international trade by country; Credit: EIBIS

On Tuesday 9 December 2025, the European Investment Bank (EIB) published its annual Group Investment Survey (EIBIS), showing that companies in Luxembourg continue to invest actively, although the overall level of investment remains below pre-pandemic levels.

According to the survey, around 85% of Luxembourg companies reported having invested in the past year, yet total investment remains 15% lower than before the COVID-19 pandemic.

Debora Revoltella, Chief Economist at the EIB, commented: "We clearly see the geopolitical challenges that the EU [European Union] faces reflected in the Luxembourgish business environment. Although outlooks are not as positive as in previous years, Luxembourgish companies remain resilient. Also the high share in terms of adoption of digital technologies is an encouraging sign, showing that the country is still among the innovation leaders of the EU."

The survey, carried out between April and July 2025 among more than 12,000 companies in the EU and over 800 firms in the United States (US), also indicates that companies expect a deterioration in access to finance.

Compared with the EIBIS 2024 edition, more firms anticipate worsening conditions for both external finance (net balance: -20% compared with -4%) and internal finance (-11% compared with -2%). Despite this, 16% of Luxembourg companies remain optimistic about their business outlook for the next year, which is higher than the EU average.

The adoption of artificial intelligence (AI) is also increasing with approximately 43% of surveyed Luxembourg companies now using generative AI tools in at least one area of their business - above the EU average of 37%. These tools are mainly used in internal processes (63%), marketing and sales (56%) and customer services (53%).

Regulatory challenges are becoming a growing barrier to investment. A total of 69% of companies expressed concern about new rules and standards, representing a significant increase from the previous year (47%) and above the EU average (59%). Among importers and exporters, 52% reported issues related to customs and tariffs - more than double the figure recorded the previous year and in line with the EU average. The survey also found that 15% of importing companies are actively reducing their imports, compared with 7% on average across the EU.

The full country report for Luxembourg is available (in English) here.

EO