LGT has been named as the winner of five “Euromoney” awards. In Europe, the bank took top spot for ESG Investing, Family Office Services and Ultra High Net Worth Individuals. For “Euromoney”, LGT is also the best private bank in the Middle East and the market leader in Austria in the area of ESG Investing.

Switzerland and Liechtenstein celebrated 100 years since the establishment of their customs treaty on March 29. Federal President Alain Berset and Hereditary Prince Alois of Liechtenstein took part in the celebrations in Vaduz.

The Liechtenstein financial market is developing in positive fashion despite the recent turbulence in the North American and Swiss banking sectors. This is the conclusion reached by the committee responsible for monitoring and strengthening financial market stability in Liechtenstein.

The Liechtenstein Bankers Association is seeking to reduce its carbon footprint. To this end, it is working with the environmental platform KlimaDAO. Together, its operational emissions in both 2021 and 2022 were able to be offset.

In the 2022 financial year, the LLB Group increased Group net profit by 8 percent year on year to just under 150 million Swiss francs. Operating income came in above 500 million Swiss francs for the first time ever. In the reporting year, the LLB Group also generated net new money totaling 3.6 million Swiss francs.

Markus Heinz has been appointed as the new CEO of the Ivoclar Group. The current COO of the dental company is set to replace Diego Gabathuler, who has performed the role of CEO over the past four years. In the previous financial year, the group generated record sales of 872 million Swiss francs.

The citizens of Liechtenstein and Switzerland are being invited to celebrate 100 years since the customs treaty was created at the Old Rhine Bridge linking Vaduz and Sevelen on March 29. There will be several extra events celebrating the occasion taking place between March and October.

The private banking and wealth management group LGT recorded a sharp increase in Group profit to just over 420 million Swiss francs in 2022. At 287.2 billion Swiss francs, assets under management were slightly up on the previous year as well.

In 2022, Hilcona AG transported nearly 3,000 tons of food by rail instead of by road. By avoiding a total of 223 truck journeys, the Liechtenstein-based food company has made its deliveries more sustainable and succeeded in reducing its carbon footprint.

Hilti launched its new strategy “Lead 2030” this year. With this, the global construction machinery manufacturer intends to lead the transformation of the construction industry. To this end, the company will continually invest in product innovations. In 2022, Hilti launched a new battery platform.

Hilcona has set itself the goal of using recyclable materials for half of its packaging by 2026. At the same time, the food processing company is also seeking to reduce the amount of plastic used in its packaging concepts.

The EU has nominated the blockchain-oriented portal digihub.li as the European Digital Innovation Hub for Liechtenstein. This represents another step in the direction of a digital future for the Principality.

The government has appointed Lothar Ritter as President of the University Council of the University of Liechtenstein. The former Rector of NTB Interstate University of Applied Sciences Buchs, who previously also headed up the School of Technology at OST - Eastern Switzerland University of Applied Sciences, is now set to succeed Klaus Tschütscher.

- INFICON increased its sales by almost 13 percent to around 580 million US dollars in 2022. The international measurement technology company with a site in Balzers attributes the growth to its semiconductor business. Operating profit and net profit also saw strong growth.

The private banking and asset management group LGT is acquiring the wealth management business of the British asset manager abrdn. With the transaction, which involves approximately 6.1 billion British pounds in assets under management, LGT is further strengthening its position in the British market.

The Green Mountain teams up with SCR Altach

The EFTA States and Singapore have opened negotiations on a digital trade agreement. A clear framework will aim to promote digital trade as a whole. The agreement should also provide a basis for cooperation in areas such as fintech.

LCX AG is launching a blockchain bond worth 10 million euros. Investors can participate in the bond deal with an investment from as little of 1,000 euros. The financial product from the regulated blockchain company based in Vaduz offers an interest rate of 7 percent over a maximum term of seven years.

Bank Frick is launching a new service in the area of digital assets: staking. This new service offers cryptocurrency clients a reward system similar to interest on savings

Spain had been one of the final EU member states to still blacklist Liechtenstein. Following the publication of an updated list of non-cooperative tax jurisdictions, Liechtenstein has now been removed from this list. The revised list took effect on February 11, 2023.