News & Events
News
Subscribe now to our newsletter!
Liechtenstein’s economic output increased almost fivefold since 1972
The “Economic and financial data on Liechtenstein” brochure provides an overview of the country’s economic development. Since 1972, the economic output of the country has increased almost fivefold. Private household income per capita in Liechtenstein is top of all EU/EFTA countries.
Liechtenstein keen to join the IMF
The Liechtenstein government has advocated joining the International Monetary Fund (IMF). Membership of the organization would primarily be intended to provide security in times of crisis. Other benefits include targets for trade growth and exchange rate stability that tie in nicely with Liechtenstein’s economic ambitions.
Liechtenstein’s banking sector remains stable
The rating agency Standard & Poor’s continues to assess Liechtenstein’s banking sector as resistant to crisis. The efficient political system is said to be in a position to rapidly adapt to external political challenges.
Liechtenstein remains on the growth path
Geopolitical developments and inflation are putting the global economy under pressure. Liechtenstein recorded average growth in the first quarter of 2022. The banking sector also remains on course for growth. These are the findings from the latest Economic Monitor report on the economy in Liechtenstein.
Liechtenstein showcases credentials as a sustainable economic area
Liechtenstein has presented itself as a sustainable economic area at the Swiss Green Economy Symposium. Chief executives from companies such as Hilcona, Hilti and LGT offered specific examples of how they are contributing to sustainability both at home and around the world.
LGT impact fund met with five-fold oversubscription
LGT Private Banking launched its impact investment fund in May. After oversubscription five times the target size, the Lightrock Evergreen Fund has now closed fundraising with a volume of 900 million US dollars. LGT clients and staff were able to invest in it.
Bank Frick processes cryptocurrency donations for Amnesty International
Amnesty International, Swiss Section is now accepting cryptocurrency donations. These are being processed by Bank Frick of Liechtenstein. It has developed a model that can be used to check the origin of these transactions.
Liechtenstein resists the pandemic
The economy of Liechtenstein has not suffered greater losses from the pandemic than other developed countries. In particular, the country’s finance sector showed a high level of resilience.
Financial supervisor reports on its activities
The Financial Market Authority Liechtenstein has published its activity report for 2020. This provides details of its comprehensive procedure for the prevention of money laundering. It also took significant decisions for the future implementation of prudential legislation.
Liechtenstein maintains top rating
The rating agency S&P Global has confirmed its top rating of AAA with a stable outlook for Liechtenstein. The country again demonstrated its high level of resilience during the coronavirus crisis. Its economy is now likely to recover significantly.
Banking association commits to responsible banking
The Liechtenstein Bankers Association has signed the United Nations’ Principles for Responsible Banking. In doing so, the banking association is honoring its responsibility for a sustainable finance sector.
Liechtenstein Bankers Association with new Roadmap 2025
The banks in Liechtenstein and the Liechtenstein Bankers Association are orienting themselves by a new multi-year strategy. With a schedule reaching up to 2025, they hope to further develop their leading position in international asset management while at the same time becoming more innovative.
