russian economic and financial forum zurich, 31.01.2005 short introduction to liechtenstein
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Short introduction to LiechtensteinRussian Economic and Financial ForumZurich, 31.01.2005
Comparison Liechtenstein - RussiaTotal area:160 km217075 400 km2 (fourth smallest state in Europe)(worlds largest state)Capital:VaduzMoscowCurrency:Swiss francRoubleOfficial language:High GermanRussianPopulation:34294144752000Population density:215 inhabitants per km2 8.5 inhabitants per km2Gross domestic product:$ 190000 pro capita$ 1750 pro capita
History (17th to 19th Century)1712 the County of Vaduz
1699 Prince Johann Adam Andreas of Liechtenstein purchases the Lordship of Schellenberg and1719 Vaduz and Schellen-berg elevated to the status of Imperial Principality of Liechtenstein1806 Principality gains sovereignty by becoming a member of the Rhine Confederation1852 Customs treaty with Austria-Hungary
History (20th Century)1978Membership of the European Council1924Customs treaty with Switzerland, introduction of the Swiss franc as the official currency1921 New Constitution (largely unchanged to this day) comes into force1997Archdiocese of Vaduz is established1990Liechtenstein becomes the 160th member of the United Nations
1991Membership of EFTA
1995 Membership of EEA
System of State and GovernmentAccording to Article 2 of the Constitution, the Principality is a constitutional hereditary monarchy on a democratic and parliamentary basis; the power of the State is inherent in and issues from the reigning Prince and the people.
Population and employmentsince 1950700633813757335252879312908
Breakdown of Persons Employed (by Economic Sector)Forestry and agriculture 1%Industry and goods production 45%Financial services 25%General services 29%
Industry in LiechtensteinOut of a total working population of 29055, 45% (13073) are employed in industry and commerceKey export countries: USA, Switzerland, Germany, France, Italy, Hong Kong, Japan, SpainThe industrial exports raised from CHF 15 million (1950) to CHF 4646 million (2003) within 50 yearsLiechtenstein-based industrial companies employ 26,873 people at 195 foreign branches
Liechtensteins Business Advantagespolitical continuity and stabilityliberal economic policiesefficient banking systemstrict banking secrecyeconomic, customs and monetary union with Switzerlandmember of the European Economic Area (EEA)free movement of services within the EUspecial Liechtenstein company structureswell-educated, skilled workforce
LGT Group: Privately owned company with capital strength
International networkEuropeLiechtenstein: VaduzSwitzerland: Basel, Bern, Chur, Davos, Geneva, Lausanne, Lugano, Pfffikon, ZurichGermany: Berlin, Cologne, Frankfurt, Hamburg, Munich, StuttgartLuxembourgIreland: DublinChannel Islands: JerseyAsiaHong KongJapan: TokyoSingaporeMalaysia: LabuanAmericasUruguay: MontevideoUSA: New YorkCayman IslandsBritish Virgin Islands
Alignment of interestsOperational businessPrivate bankingAsset managementAlternative investmentsTrust servicesFinancial investorPrincely PortfolioCHF 1.8 bn. in LGT Global Investable Markets GIMCo-investment for clientsFocus on core competenciesExploitation of global Investment possibilitiesLGT Group
LGT - The wealth management experts of the Princely House of Liechtenstein Peter Paul Rubens
Prince Johann Adam Andreas I of Liechtensteinborn 1657, died 1712ruled 1699 1712significantly increased the family territories, thereby earning the name Hans Adam the Richloved Baroque art, built the two Liechtenstein palaces in ViennaLast page of the 1699 contract of sale, with signatures by Rupert, Abbot of Kempten, Johann Adam Andreas, Prince of Liechtenstein, and Jakob Hannibal Friedrich, Count of Hohenems and Vaduz on behalf of himself, his heirs and his entire noble family.The first map of Liechtenstein dating back to 1721, drawn by the Basel cartographer and geometer, Johann Jakob Hebler (1667 1725)Painting of Vaduz in about 1870, by Moriz Menzinger (1832 1914), Liechtensteins most important nineteenth century painter.
1806: Confederation of the Rhine Declarations After the Peace of Pressburg (1805), Napoleon used a combination of threats and tempting offers to persuade a number of German princes to leave the German Empire and found the Confederation of the Rhine, naming himself Protector of the Confederation. Initially, 16 south-west German princes joined the Confederation. On 12.7.1806, 15 princes ordered the signing of the Confederation documents, and on 1.8.1806 they declared their withdrawal from the Holy Roman Empire of the German Nation. The 16 founder members of the Confederation of the Rhine also included Johan I. However, he was the only one not to have the Confederation Act signed, and the only one not to declare his withdrawal from the old German Empire. Once they had been accepted into the Confederation of the Rhine, the 16 princes became formally sovereign. In practice, however, Napoleon interfered much more strongly in the politics of Confederation of the Rhine states than the Holy Roman Emperor before him.
The characteristic structural feature of the Liechtenstein state is the dualism of prince and people. Neither the monarchic nor the democratic principle dominates. The prince and the people are both at the same level, alongside one another.
The prince is the head of state. Liechtenstein is a hereditary monarchy, with the first-born son becoming head of the family (primogeniture)
The Landtag represents the people. Its 25 deputies are elected by the people once every four years.
The government consists of 5 people the head of government, the deputy head of government and three other members of the cabinet. 1950 1960 1970 1980 1990 2000 2001Wohnbevlkerung 13'757 16'628 21'350 25'215 29'032 33'359 34'146Zupendler 700 1'700 2'601 3'297 6'885 11'192 12'908Total Beschftigte 6'338 9'096 11'569 14'840 19'905 26'797 28'793
Unaxis a leading world high-tech Group Unaxis is a leading world provider of production systems, components and services for selected growth markets in the field of information technology, as well as for sophisticated technological applications. Unaxis employs some 6,500 staff and reported sales of CHF 1,426 million in the 2002 business year (comparable figures). Ivoclar Vivadent is a dental company with global operations. Since its establishment in 1923, Ivoclar Vivadent has been in private hands. Its philosophy is to maintain international operations with a clear local base. Science and innovation are key foundations of Ivoclar Vivadents corporate philosophy. Swarovski a sparkling company When he invented an automatic grinding machine at the end of the 19th century, Daniel Swarovski opened the door to a world of fantasy. The magic substance was crystal a raw material to which even the oldest cultures attributed a magic, blessed and beneficial effect. Hilcona AG1000 employees Annual production: foodstuffs totalling 56 million kg; Group sales CHF 287 million (2002)1935 Toni Hilti establishes Scana Konservenfabrik AG in Schaan1973 Scana Konservenfabrik AG renamed Hilcona AG 2003 Development of impulse-buying marketThyssenKrupp Presta is a ThyssenKrupp Automotive company. ThyssenKrupp Presta is one of the worlds most successful manufacturers of electrically and mechanically-adjustable steering systems and is the world leader in assembled camshafts. Hilti the Hilti Group is a world leader in the development, manufacture and distribution of high-quality products that offer added value to professional clients in the construction and building maintenance industry. 14,590 employees worldwide; Group net profit: CHF 27.1 millionPeter Paul Rubens (15771640)Portrait of Clara Serena Rubens (c. 1616)Canvas, 33 x 26.3 cmCollections of the Prince of LiechtensteinInv. no.: G 105When the great Flemish master, Peter Paul Rubens, painted this charming portrait of his daughter, Clara Serena, she was about five years old. She was born in 1611 of Isabella Brant, Rubens first wife, and was his first child. With his tender affection Rubens has captured the girls small head, presented to the observer en face, just as the child would have looked at her father while he was painting her portrait. The painter has dedicated himself to depicting the charm and grace of his daughter as she returns her companions gaze with a full and open response that is totally in accord with her name. Her physical and emotional presence is captivating. Neither pose nor posture nor external marks of social standing detract from the unalloyed humanity of the girl. Granting children this degree of natural sovereignty was by no means a matter of course in the seventeenth century. Yet, as a loving father and humanist, Rubens recognised the dignity of his daughter, and clearly expressed it in his painting. This portrait of a child is a excellent example of what painting can achieve in terms of both materials and content. Coloured pigments alone, set upon the canvas by a skilled hand in an almost sketchy fashion, create before our eyes a human being of flesh and blood, and bring her alive. Clara Serena died young. But although she did not live past her twelfth year, she has achieved immortality in her portrait.