Total operating income at the LGT Group grew by 15 percent to 2.1 billion Swiss francs in the 2021 financial year. Group profit was up 21 percent year on year to 353 million Swiss francs. In addition, the bank posted a new record of just under 25 billion Swiss francs in the area of net new asset inflows.

The Liechtenstein Bankers Association and the Liechtenstein Institute of Professional Trustees and Fiduciaries have pledged their full support to the authorities in implementing the sanctions levied against Russia. The organizations play a key role as intermediary bodies within the Liechtenstein finance sector.

INFICON increased its revenue by almost 30 percent in 2021. Operating and net income at the global measurement technology company with a location in Balzers even rose by more than 60 percent year on year. INFICON plans to expand its capacity by 50 percent.

The Liechtenstein Bankers Association, the Association of Liechtenstein Charitable Foundations and Trusts, and the SDG Alliance Liechtenstein are working together toward the UN’s sustainability goals with immediate effect. The partners hope to more effectively support the 17 goals.

Master of Finance students at the University of Liechtenstein have come second at the 13th CFA Research Challenge, with ten groups in the running. This is the first time a university team from Liechtenstein has made it to the next round.

Dominique Hasler, member of the Government of the Principality of Liechtenstein, and Irish minister Thomas Byrne discussed the two country’s collaboration in the area of foreign trade. The talks also centered on Council of Europe procedures. Ireland and Liechtenstein are due to assume chairmanship of this organization in quick succession.

Büchel Holding is building a climate-neutral hotel with 60 rooms in the center of Schaan. For this, the provider of office space has acquired a plot of land covering 1,600 square meters. It will offer accommodation to guests attending the SAL Congress and Event Center.

Liechtenstein has entered two building projects into the sixth international architecture competition Constructive Alps. Impressing the jury with their climate-friendly construction were the Clinicum Alpinum in Triesenberg and the Matador provisional school building in Vaduz.

LGT Bank has won two awards following its first participation in the Swiss Awards. The international magazine “Wealth Briefing” named the Liechtenstein private bank as the best provider of sustainable investments and best foreign private bank.

Liechtenstein foreign trade increased further in both directions in the final quarter of 2021. Growth in exports was somewhat higher than for imports. In both cases, Germany remains Liechtenstein’s most important trading partner.

Liechtensteinische Landesbank (LLB) intends to acquire the remaining 25 percent of shares in Bank Linth, based in Uznach in the canton of St.Gallen. With LLB already holding a 75 percent stake, this would increase its equity share to 100 percent. Both banks are in favor of the takeover. Following this process, LLB plans to delist Bank Linth from the SIX Swiss Exchange.

The Hilti Group once again achieved double-digit growth in 2021, by 12.1 percent. The tool manufacturer was able to fully compensate for the coronavirus-related decline in sales of the previous year. Hilti closed the year well above the pre-crisis level in local currencies.

From February 1, b_smart is taking over Hotel Paul’s in Widnau in the canton of St.Gallen. The hotel operator intends to redevelop the Wilhelmine-style villa as well as installing a restaurant, wellness facilities and meeting rooms. The restyled hotel is expected to reopen in the first quarter of 2023 as “b_smart hotel Widnau”.

b_smart is opening two new hotel businesses in Schaan in first half of 2023. A total of 15 rooms will be on offer at Ampera House. The hotel company will also be taking over 23 rooms at the St. Elisabeth Convent that have previously been rented out by the sisters there.

The Blockchain and Fintech study program offered by the University of Liechtenstein in cooperation with Bank Frick has kicked off the new year with its highest number of participants since being established. In total, 28 students have signed up to complete this part-time study course, for which they will receive a certificate in May.

The International Lake Constance Conference celebrated its 50th anniversary on the summit of Mount Säntis. Delegations from the four neighboring countries passed a declaration for the attention of the Lake Constance region. This cross-border cooperation will also be strengthened at state level.

The FinTech firm Leonteq is joining forces with VP Bank from Liechtenstein. Together, the two partners intend to create and distribute structured investment products. For this, they will be using the technology platform develop by Leonteq.

Hilcona is developing its organic competences in Germany. The food manufacturer has entered into a close collaboration with Naturland, an international association for organic agriculture. In future, Hilcona will be able to offer more products that have been produced under strict Naturland criteria.

For the first time, Liechtensteinische Post is now offering its customers the use of parcel machines. As such, mailmen will now be able to leave undeliverable parcels and registered mail for recipients at four locations. Addressees can collect their mail around the clock in addition to posting returns at these locations too.

The trade publication “Schweizer Baudokumentation” has selected Hoval Switzerland as the winner of an Architects’ Darling award. The Swiss subsidiary of the Vaduz-based company emerged victorious in the Building Technology category. In fact, Hoval secured top spot in three out of the five areas evaluated.