Telecom Liechtenstein, a leading telecommunications company, has attained a significant milestone by securing approval from the esteemed Science Based Targets initiative. This recognition underscores the company’s unwavering dedication to combatting climate change and sets the stage for transformative action in the telecom industry. By pledging to reduce its greenhouse gas…
Liechtenstein, a small European principality, is preparing for a substantial workforce transition in its state administration over the next ten years. With a significant proportion of employees reaching retirement age, the country foresees the departure of around 800 experienced professionals from its public sector. This anticipated shift poses challenges and…
A report on the financial situation of households in Liechtenstein sheds light on the existence of poverty within the small principality. While Liechtenstein is known for its affluence and high standard of living, it is not exempt from economic disparities. According to the report, approximately 3.1% of Liechtensteiners fall below…
Liechtenstein’s First Female Head of State, Cornelia Sonntag-Wolgast, Sworn In Along with Deputies Liechtenstein’s new head, Cornelia Sonntag-Wolgast, and her deputies were officially sworn in on Friday, marking the beginning of a new era for the small European country. Sonntag-Wolgast took over the role from outgoing head, Adrian Hasler, who had been in office since 2013. The swearing-in ceremony, which took place in the capital city of Vaduz, was attended…
Turkish citizens living abroad often play a critical role in shaping the political landscape of their home country. In the recently held Turkish presidential elections, Turks residing in Liechtenstein also cast their votes for the new Turkish president. Turkish citizens in Liechtenstein exercise their right to vote Despite being located thousands of miles away from Turkey, Turkish citizens in Liechtenstein were able to participate in the democratic process of electing…
Liechtenstein, a small European country located between Switzerland and Austria, has announced that it will soon allow Bitcoin payments for fees. The announcement was made by Prime Minister Daniel Risch, who stated that the decision was made in response to the growing popularity and adoption of cryptocurrencies. “We are excited to announce that a payment option with Bitcoin is coming to Liechtenstein,” Risch said. “We recognize the potential of cryptocurrencies…
Liechtenstein is a small country located in the heart of Europe, bordered by Switzerland to the west and Austria to the east. The country has a population of just over 38,000 people and is known for its stunning mountainous landscapes. However, the mountainous terrain can make it challenging to supply electricity, particularly in winter when demand is highest. To address this issue, the Liechtenstein government is examining the potential of photovoltaic (PV) systems in mountainous regions to increase self-sufficiency and…
The European Union has announced that over 35,000 young citizens from its member states and Erasmus+ associated states, such as Liechtenstein, Iceland, Norway, Serbia, North Macedonia and Turkey, will receive free train tickets for travel between June 15, 2023, and September 30, 2024. This latest round of the DiscoverEU program, which takes place every year, aims to encourage young people to explore different European cultures and forge connections with their peers across the continent. The initiative, which is funded by…
LGT Capital Partners, a firm fully owned by Liechtenstein’s royal family, is diversifying its investments into frontier markets, specifically Armenia, Georgia, and Angola. The firm’s emerging-market and frontier bond funds were established in 2021 and have since attracted institutional clients alongside the family. In 2022, its local debt fund outperformed 99% of peers, surpassing them by an average of 19 percentage points, according to Bloomberg data. The move into less mainstream markets is a calculated risk by LGT Capital Partners.…
The Prime Minister of Georgia, Irakli Gharibashvili, expressed his determination to regain the country’s occupied territories and peacefully unite the nation. During a press conference in Moldova, he reiterated the government’s goal of achieving peace, stability, and prosperity for the country. Working Towards Reclaiming 300 Kilometers of Occupied Border Prime Minister Gharibashvili condemned the transfer of Georgian territories to Russia, referring to it as a capitulant resolution and criticizing the power responsible for such actions. He emphasized that the controlled…
Liechtenstein is a small country located in central Europe, known for its progressive stance on cryptocurrencies. The government is currently exploring the use of Bitcoin as a means of payment for government services, including taxes and other fees. Accepting Bitcoin payments for government services has several potential benefits. First, it could provide a faster and more convenient way for citizens to pay their taxes and other fees. Bitcoin transactions can be completed quickly and securely, without the need for intermediaries…
Liechtenstein’s Deputy Prime Minister, Monauni, recently addressed the state parliament to explain the reasons behind the high cost of electricity in the country. Despite being a small country, Liechtenstein is known to have one of the highest electricity prices in Europe, which has been a matter of concern for the locals. According to Monauni, one of the main reasons for the high cost of electricity in Liechtenstein is its heavy dependence on energy imports. The country does not have its…
Liechtenstein’s human rights record is set to be evaluated by the United Nations Human Rights Council in the Universal Periodic Review (UPR) process. The UPR is a mechanism that assesses the human rights performance of all UN member states. The assessment evaluates Liechtenstein’s human rights policies and practices and recommends ways to improve them. Liechtenstein, a landlocked country situated between Switzerland and Austria, is home to over 38,000 people. The country has a well-established reputation as a global financial center,…
Voters in Liechtenstein soundly rejected a proposed ban on casinos on Sunday. The microstate has six casinos scattered throughout it and has earned the moniker “Las Vegas of the Alps” among gamblers. The official vote count, which was published online, showed that 73% of voters opposed the ban and 27% supported it. The turnout was 70%. Pro-ban arguments regarding issues like gambling addiction & potential harm to the wealthy nation’s reputation, however, were soundly disproved.
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