The countries and cantons that participate in the International Lake Constance Conference are continuing to support cross-border exchange and encounter-related projects. Applications for the period running from 2022 through to 2028 can now be submitted.

The University of Zurich and University of Liechtenstein are to implement their agreement on a cooperation in the field of law from the forthcoming winter semester. The exchange of modules is an important step on the way to the planned joint Master’s program

The Liechtensteinische Landesbank (LLB) has launched two funds focusing on climate protection. The new Impact funds round of the bank’s range of products in the sustainable investments segment. LLB’s investment advice and asset management offering is completely geared towards sustainability.

The “Economic and financial data on Liechtenstein” brochure provides an overview of the country’s economic development. Since 1972, the economic output of the country has increased almost fivefold. Private household income per capita in Liechtenstein is top of all EU/EFTA countries.

INFICON increased sales in the first half of 2022 by 11.7 percent to 278 million US dollars. The global measurement technology firm, which operates a location in Balzers, recorded a profit margin on a par with the previous year. INFICON expects to register further growth across the full year 2022.

Pavel Laskov from the University of Liechtenstein has been named as the winner of the Test of Time Award by the International Conference on Machine Learning. He and his two co-authors were recognized for their paper that focused on manipulated data techniques versus algorithms.

Liechtensteinische Landesbank (LLB) is launching the wiLLBe app, a purely digital asset management solution for sustainable investing. From as little as 2,000 Swiss francs, the app can be used to make investments in line with the UN Sustainable Development Goals.

The Principality of Liechtenstein is interested in taking part in the Digital Europe Programme and establishing a European Digital Innovation Hub. The focus now turns to forming a consortium to support the digital transformation of small and medium-sized enterprises (SMEs) and public administration bodies. Applications can be submitted up to October 31.

The Liechtenstein government has advocated joining the International Monetary Fund (IMF). Membership of the organization would primarily be intended to provide security in times of crisis. Other benefits include targets for trade growth and exchange rate stability that tie in nicely with Liechtenstein’s economic ambitions.

The rating agency Standard & Poor's continues to assess Liechtenstein’s banking sector as resistant to crisis. The efficient political system is said to be in a position to rapidly adapt to external political challenges.

Leonteq has introduced a new standardized issuance model for private, business and retail banks and launched the first structured products with VP Bank as a sponsor. The independent enterprise structuringHUB SA was established in Luxembourg for this.

ArtMeta, the metaverse for art based in the Greater Zurich Area, has entered into a partnership with VP Bank from Liechtenstein. This will facilitate art tokenization services. As such, shares of physical artworks can be purchased, tracked and traded on the blockchain.

The Liechtenstein Bankers Association (LBA) sees major potential in the area of Blended Finance for the financial sector. At the LBA’s second webinar on this topic, iGravity AG presented its investment instrument that aims to strengthen sustainability in Africa in a targeted, profitable manner.

LGT has joined three global bodies for greater environmental protection. It has signed the Finance for Biodiversity Pledge and the Principles for Responsible Investment initiative. The bank is also now a member of the Institutional Investors Group on Climate Change.

Geopolitical developments and inflation are putting the global economy under pressure. Liechtenstein recorded average growth in the first quarter of 2022. The banking sector also remains on course for growth. These are the findings from the latest Economic Monitor report on the economy in Liechtenstein.

The Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (Moneyval) at the Council of Europe has positively appraised the performance of Liechtenstein as part of its fifth report. Both the authorities and the financial sector in Liechtenstein have demonstrated competence in responding to the risks of money laundering.

Together with Swiss Future Farm, Hilcona is examining the use of robot technology to support bean cultivation. Robotti will be used to sow, weed and hoe crops on two farms in the Frauenfeld area. This not only makes the work easier, but also reduces to use of pesticides.

LGT is restructuring in LGT Private Banking. It is introducing a new regional governance structure for its activities in Liechtenstein, Switzerland, Austria and the Middle East (EMEA). Through this, it wants to manage further profitable growth more effectively.

Hilcona has claimed a prize at the Swiss Packaging Award 2022. The food producer emerged victorious in the category of Sustainability and Circular Economy. The award-winning product is a recyclable pouch made from just a single material.

The Hilti Group has received awards from iF and Red Dot for four new products. The juries honored Hilti in terms of the design quality and degree of innovation of these products. In addition, Red Dot even named two of the products as “Best of the Best” category winners.