VP Bank Group has increased its profit to 25.5 million Swiss francs or 19 percent for the first half of 2023. The cost-income ratio improved from 85.7 percent to 84 percent. Total client assets under management increased to 47.2 billion Swiss francs.

LGT has attracted new assets amounting to 15.8 billion Swiss francs in the first half of 2023. Profit has increased slightly. The positive outcome is attributed in part to the subsidiaries in India and Australia. The bank’s focus will remain on international growth.

Reichardt AG based in Liechtenstein is acquiring the entire STEWI Group with retroactive effect from January 1, 2023. This has averted the end of the manufacturer of laundry dryers and stands that is steeped in tradition. STEWI will continue with a new location in Saland/Bauma.

At present, six Demeter bee colonies have made their home on the premises of Hilcona’s headquarters in Schaan. The colonies are being looked after by beekeeper Marco Jehle-Radkohl. Alongside the green roofs at the company’s headquarters, the project forms part of efforts to support regional beekeepers.

Liechtenstein has the second-fastest broadband in the world. Internet connections are only faster on the Channel Island of Jersey. Macao and Iceland occupy third and fourth place respectively, while Switzerland languishes down in 44th spot.

Funds On Chain and 21.finance are cooperating on the issuance and trading of tokenized fund units. Their aim is to develop an integrated software and service solution for the distribution and trading of such fund units.

The Green Mountain is offering hungry festivalgoers the chance to enjoy its products at the Wacken Open Air 2023. It is hoped that the vegan meat alternatives offered by the Graubünden-based start-up, which is part of Hilcona AG in Liechtenstein, could even win over meat lovers at the festival.

The flexible photovoltaic solution Urbanbox by iWorks has received scientific evidence that it meets practical requirements from a team at the Zurich University of Applied Sciences. The foldable system is expected to enter the market at the end of 2023.

INFICON has increased its year-on-year sales by 18 percent to 329 million US dollars in the first half of 2023. The international measurement technology company with a site in Balzers is raising its sales target for the whole year to 610 to 640 million US dollars.

Liechtensteinische Landesbank (LLB) is offering innovative financing solutions for sustainable construction projects. These include interest-free mortgages for energy-efficient renovations. For new properties in the top energy efficiency categories, very attractive mortgage interest rates will be available.

LGT has received three awards at the Wealth for Good Awards 2023 for its sustainability offering. The global awards were presented by the British finance magazine "WealthBriefing".

The LIFE Climate Foundation Liechtenstein offered insights into its projects at the start of July. During an event, the Liechtenstein-based climate foundation presented a series of innovative and future-oriented projects with an emphasis on sustainable development.

The Hilti Group is seeking to expand its offering of software solutions for construction projects. To this end, the global construction machinery manufacturer based in Schaan in Liechtenstein is planning the acquisition of the 4PS Group. The Dutch firm specializes in business management solutions for the construction industry.

Payments in the Bank Frick network can now be made outside of traditional cut-off and business hours. To achieve this, the bank is now offering its clients a brand-new service.

Guy Parmelin has signed the free trade agreement between the EFTA member states and the Republic of Moldova on behalf of Switzerland. According to the Federal Department of Economic Affairs, Education and Research, this will serve to strengthen the competitiveness of the Swiss economy.

Bank Frick has rewarded the winners of a competition at the University of Liechtenstein focused on the best portfolio for 50 cryptocurrencies with prize money. The two students on the Master of Science in Finance program used methods on the basis of Artificial Intelligence (AI) to support their projections.

The Research And Innovation Center Rheintal (RhySearch) plans to gain Swiss recognition as a nationally important center of competence. This will increase the reputation and federal funding of the center, which is supported by Liechtenstein and the canton of St.Gallen and based in Buchs.

The Liechtenstein Bankers Association offset a total of 445.7 tons of CO2 in 2022. This finding comes from information published in the LBA’s first sustainability report. The association also contributed to various UN Sustainable Development Goals.

Liechtensteinische Post is seeking to operate on a climate-neutral basis by the end of 2025. To realize this ambition, its focus will in particular be on a CO2-neutral vehicle fleet, improved employee mobility offerings and climate-neutral supplier transport.

The battery-powered devices in the Nuron product series from Hilti have been awarded a total of 21 prizes at the Red Dot Awards and iF Design Awards. Four Nuron products even claimed awards in both product design competitions.