The European postal association PostEurop has awarded the Runner-Up Prize of its Innovation Award to Liechtensteinische Post for its crypto stamp. The stamp with a face value of 5.20 Swiss francs is based on blockchain.

The consulting firm PwC has investigated how clear the taxation of crypto assets is in various countries. Liechtenstein was ranked in first place globally. Switzerland was also ranked towards the top of the standings.

LGT has tasked Climeworks AG with removing 9,000 tons of carbon dioxide (CO2) from the atmosphere. The Zurich-based start-up and Liechtenstein private bank have now signed a contract for a period of ten years to this end.

The Liechtenstein Bankers Association is calling for the country’s banking center to support the COVAX project. The donation campaign will run until 21 January 2022, enabling UNICEF to provide vaccinations to people in low-income countries. People outside the banking center can also participate in the fundraising campaign.

LGT intends to acquire Australian wealth management firm Crestone. Through this planned transaction, the financial institution from Liechtenstein will gain a significant foothold in the fast-growing wealth management market of Australia. The transaction is subject to Crestone shareholder approval.

The impact tech start-up Vlinder has contributed its blockchain expertise to facilitate the launch of Mangrove DAO on December 10. This blockchain-based decentralized autonomous organization (DAO) is seeking to develop innovative ways of financing the reforestation of damaged mangrove areas in Myanmar.

SOS Children’s Villages is helping young farmers in Zambia to learn and implement new farming methods. The project aims to enable smallholders to adapt to changing climatic conditions. The LIFE Climate Foundation Liechtenstein is providing part of the funding.

The reinsurance group Swiss Re is selling its Liechtenstein subsidiary Elips Life to Swiss Life. At the same time, Swiss Life and Swiss Re are entering into a long-term partnership focused on employee pension solutions in Europe.

The international rating agency Standard & Poor’s has again awarded the Principality of Liechtenstein its top rating of AAA with a stable outlook. In the evaluation, the rating agency above all emphasized the sound financial situation with regard to public budgets.

The Financial Market Authority Liechtenstein has published this year’s report on the stability of the financial sector. This states that the sector is stable, with prospects having improved versus the previous year. However, the pandemic still entails further risks.

LGT Bank has for the fifth time in a row achieved the highest score and the title of summa cum laude from Elite Report. This means that for 2021 too, the financial institute is one of the best asset managers in the German-speaking region and is number one in Liechtenstein.

Liechtenstein’s legal framework on the automatic exchange of information about financial accounts created in 2020 is perfect. This confirmation was expressed by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes.

LGT Bank is one of the best for customer advice with regard to climate and asset protection. It came in sixth place out of hundreds of asset managers assessed in the Fuchsbriefe quality test. It has also opened a new office in Tokyo.

At the end of the first year of its existence, Technopark Graubünden was officially opened on Wednesday. There, Member of the Cantonal Government Marcus Caduff commented that major technology issues for the Rhine valley region are being tackled together with Technopark Liechtenstein.

Daniel Risch has taken part in the Süddeutsche Zeitung Wirtschaftsgipfel in Berlin. There, the Prime Minister of Liechtenstein presented the country as a finance and business location within a European context. He also spoke with the German Vice-Chancellor and Minister of Finance, Olaf Scholz, at the summit.

The tool manufacturer Hilti is acquiring the American software company Fieldwire for 300 million US dollars. With this strategic acquisition of a construction technology company, Hilti is entering into the digital construction management business.

The University of Liechtenstein is continuing to grow its student numbers in the winter semester 2021/22 too. There are currently 692 enrolled students. The number of PhD students at the young university has reached a high of more than 40.

The University of Zurich (UZH), its Europa Institute and the University of Liechtenstein have announced their intention to establish a Liechtenstein Institute. This will be based at UZH with the aim of intensifying scientific cooperations between the three institutions

Liechtensteinische Landesbank (LLB) is planning to operate on a climate-neutral basis before the end of this year. Greenhouse gas emissions will be offset by investments in climate projects. By 2040, emissions generated by banking operations and products will be reduced to net zero.

LGT Private Banking has been named the Best Private Bank for Sustainable Investing in Western Europe by the magazine Global Finance. In addition, LGT won the Best Private Bank for Alternatives award, which is decided by the magazine PWM.