Moody's has awarded the Liechtensteinische Landesbank AG (LLB) a deposit rating of Aa2 and an issuer rating of Aa3. It also assesses the outlook for both ratings as stable.

Raffael Loosli and Felix Puchacher have been awarded the LGT University Scholarship for the Master’s in Finance degree program at the University of Liechtenstein. The private bank sponsors two young talents each year by paying for their tuition fees for the current academic year.

INFICON registered sales growth of +18 percent year on year in the third quarter. Operating profit was also above average at +33 percent. The measuring technology firm with a site in Balzers is now targeting annual sales of at least 650 million US dollars.

LGT Bank has received the international Great Place to Work seal of quality. The bank, which is owned by the Princely Family of Liechtenstein, obtained above-average scores for its workplace culture in an international comparison of employers. The majority of employees appreciate the welcoming culture.

Ivoclar Vivadent is launching its Start Now training program. It is aimed at those seeking a career change and newcomers to the job market looking for a fresh opportunity to start their careers. In this context, Ivoclar will pay the typical industry minimum wage or above, depending on the trainees’ life and professional experience.

An IPO for the painting “Three Studies for Portrait of George Dyer” by Francis Bacon is to be carried out before the end of the year. This is first work of art to be traded on the Liechtenstein art exchange ARTEX by way of a specially founded stock corporation. ARTEX intends to offer one IPO of a work of art in each month of 2024.

The Liechtenstein Bankers Association has agreed a partnership with Teal Project, rrreefs and DynamicElement to protect the oceans. The aim is to uphold and protect unique marine ecosystems and habitats for millions of marine animals.

In line with the prevailing trend across Europe, industrial enterprises in Liechtenstein also recorded below-average growth across the first six months of 2023. Conversely, the banking sector was a beneficiary of the turnaround on interest rates. These findings were published in the latest Economic Monitor.

Hilti Group has increased its sales by 11.3 percent in local currencies in the first eight months of 2023 to 4.3 billion Swiss francs. The operating result rose disproportionately by almost 19 percent to 466 million Swiss francs.

The companies within the LLB Group will in future operate under the joint LLB brand. An updated brand appearance with a new logo also serves to bring the various subsidiary banks closer together in visual terms. Bank Linth LLB AG will henceforth be known as LLB (Schweiz) AG.

The member states of the European Free Trade Association (EFTA) have made good progress in their negotiations towards a free trade agreement with Thailand. At a meeting in Bangkok, both parties confirmed their desire to conclude negotiations by 2024.

The member states of the European Free Trade Association (EFTA) have made good progress in negotiations towards a Digital Economy Agreement with Singapore. The agreement should help to promote trade in goods and services on the basis of innovative technologies.

The dental and medical technology company Ivoclar has appointed Mirco Stiehle as CCO for growth markets within its corporate management team with effect from the start of 2024. His co-CCO Christian Brutzer will be responsible for established markets. In the Finance Division, Michael Bickel is set to succeed Franz Berger.

Hilcona AG is the first food company to introduce a CO2 score. This provides information on the climate friendliness of foods in Hilcona’s database containing 600 recipes. It also aims to prevent food waste.

The St.Gallen-based Eastern Switzerland University of Applied Sciences (OST), University of Teacher Education Lucerne and UNICEF Switzerland and Liechtenstein have launched the Kidimo app, on which children can play a game to learn more about their rights.

EcoVadis has awarded Hilti its gold environmental rating for the third consecutive year. The tools manufacturer also received the Leader in Carbon Management rating. The environmental rating agency praised the company's greenhouse gas management system and its strong ambitions for decarbonization.

Das Bündner Start-up The Green Mountain will seine sogenannten Proteinerbsen neu in der Schweiz anbauen. Damit erfolgt der Anbau näher an der Produktion. So will die Hilcona-Tochter die Transportwege verkürzen und CO2 einsparen.

Liechtensteinische Landesbank (LLB) celebrated the groundbreaking ceremony for its new office building by the name of Campus Giessen on August 24. Located at the heart of Vaduz, Campus Giessen will offer space for 250 employees when construction work is completed in the fall of 2025.

The European Free Trade Association (EFTA) states and India continued their dialog in relation to a free trade agreement in August. Discussions touched upon key issues. A platform for regular exchange is now being established.

The LLB Group is planning to open three locations in Germany next year. In so doing, the bank is responding to increased demand from German customers. The banking group recorded double-digit growth for both operating income and profit in the first half of 2023.