Luxembourg plans to retain its talent
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The Minister of Economy, SMEs, Energy and Tourism, Lex Delles, and the Director General of LISER (Luxembourg Institute of Socio-Economic Research), Aline Muller, have signed a new framework convention for 2025-2028 governing co-operation between the institute and the ministry. The agreement replaces the previous one, which was in force from 2018 to 2023.
The main objective of the partnership is to support the Luxembourg economy, its sustainability and competitiveness. LISER will analyse data and develop strategic policy recommendations.
One of the key areas of the new agreement will be the LUXTALENT project, which will be implemented jointly with the Department of Economic Affairs, Competitiveness and Forward Planning (DG ECOPRO).
The study, which will start in March 2025, will examine the attractiveness of Luxembourg for foreign professionals and the factors influencing their decision to stay in the country. In the first phase, LISER experts will analyse the adaptation dynamics of new migrants and their career expectations. This will be followed by an in-depth analysis of the social and cultural factors that influence expats' desire to stay in the country.
The data collected will help the Supreme Committee on Talent Attraction and Retention, which is chaired by Lex Delles, to develop an effective strategy to support skilled migrants.
At the signing of the agreement, Lex Delles emphasised that the development of knowledge and innovation is a priority for Luxembourg. According to him, the collaboration between LISER and the Ministry of Economy will allow the country to better forecast economic trends and adapt to the challenges of the future.
Aline Muller, for her part, said that LISER's scientific research will enable the ministry to make better-informed decisions aimed at sustainable growth and strengthening the attractiveness of the country's economy.
Luxembourg remains an attractive country for highly qualified professionals, but retaining talent is becoming increasingly challenging. High housing prices, taxation, language barriers and cultural differences all influence the decision of foreigners to stay or leave the country.
