From Wikipedia, the free encyclopedia
The Principality of Liechtenstein (German: Fürstentum Liechtenstein) is a tiny, doubly landlocked alpine country in Western-Central Europe, bordered by Switzerland to its west and by Austria to its east. Mountainous, it is a winter sports resort, although it is perhaps best known as a tax haven. Despite this, it is not heavily urbanized (in the way that the Principality of Monaco and Gibraltar are). Many cultivated fields and small farms characterize its landscape both in the north (Unterland) and in the south (Oberland). Not only is it the smallest German-speaking country in the world, but also the only European country whose bordering countries are also landlocked.
<%DIGG%>
Share This
Liechtenstein is situated in the Upper Rhine valley of the European Alps. The entire western border of Liechtenstein is formed by the river. Measured north to south, the country is only about fifteen miles (24 km) long. In its eastern portion, Liechtenstein rises to higher altitudes; its highest point, the Grauspitz, reaches 2,599 metres (8,527 ft). Despite its alpine location, prevailing southerly winds make the climate of Liechtenstein comparatively mild. In winter, the mountain slopes are well suited to winter sports.
New surveys of the country’s borders in 2006 have set its area at 160.475 square kilometres, with borders of 77.9 km. Thus, Liechtenstein discovered in 2006 that its borders are 1.9 km (1.2 miles) longer than previously thought as more modern measuring methods have been introduced and they measure more accurately the borders in mountainous regions.
Liechtenstein is one of only two doubly landlocked countries in the world—being a landlocked country wholly surrounded by other landlocked countries—the other is Uzbekistan. It is the only country with a predominantly German-speaking population that does not share a border with the Federal Republic of Germany. Liechtenstein is the sixth-smallest independent nation in the world, by land area. The five independent countries smaller than Liechtenstein are Vatican City, Monaco, Nauru, Tuvalu, and San Marino.
<%DIGG%>
Share This
Despite its small geographic area and limited natural resources, Liechtenstein currently is one of the few countries in the world with more registered companies than citizens; it has developed into a prosperous, highly industrialized, free-enterprise economy, and boasts a financial service sector as well as a living standard which compares favourably to those of the urban areas of Liechtenstein’s large European neighbours. Advantageously low business taxes—the maximum tax rate is 18%—as well as easy Rules of Incorporation have induced about 73,700 holding (or so-called ‘letter box’) companies to establish nominal offices in Liechtenstein. Such processes provide about 30% of Liechtenstein’s state revenue. Liechtenstein also generates revenue from the establishment of stiftungs or foundations, which are financial entities created to increase the privacy of nonresident foreigners’ financial holdings. The foundation is registered in the name of a Liechtensteiner, often a lawyer. Recently, Liechtenstein has shown strong determination to prosecute any international money-laundering and worked to promote the country’s image as a legitimate financing center.
Liechtenstein participates in a customs union with Switzerland and employs the Swiss franc as national currency. The country imports more than 90% of its energy requirements. Liechtenstein has been a member of the European Economic Area (an organization serving as a bridge between the European Free Trade Association (EFTA) and the European Union) since May 1995. The government is working to harmonize its economic policies with those of an integrated Europe. Since 2002, Liechtenstein’s rate of unemployment has doubled, although it stood at only 2.2% in the third quarter of 2004. Currently, there is only one hospital in Liechtenstein, the Liechtensteinisches Landesspital in Vaduz. The GDP (PPP) is $1.786 billion and $54,000 per person.
<%DIGG%>
Share This
Liechtenstein is the fourth smallest country of Europe, after the Vatican City, Monaco, and San Marino. Its population is primarily ethnic Alemannic, although its resident population is approximately one third foreign-born, primarily German speakers from the Federal Republic of Germany, Austria, and the Swiss Confederation, other (Latin) Swiss, Italians, and Turks. Foreign-born people make up two-thirds of the country’s workforce. Nationals are referred to by the plural: Liechtensteiners.
The official language is German; most speak Alemannic, a dialect of German that is highly divergent from Standard German, but closely related to those dialects spoken in neighbouring regions. According to the 2000 census, 87.9% of the population is Christian, of which 76% adhere to the Roman Catholic faith, while about 7% are Protestant. The religious affiliation for most of the remainder is Islam - 4.8%, undeclared - 4.1% and no religion - 2.8%
<%DIGG%>
Share This
Liechtenstein football teams play in the Swiss football leagues. The Liechtenstein Cup allows access to one Liechtenstein team each year in the UEFA Cup; FC Vaduz, a team playing in the Swiss Challenge League (i.e. the second level of Swiss football) is the most successful team in the Cup, and scored their greatest success in the European Cup Winners’ Cup in 1996 when they defeated the Latvian team FC Universitate Riga by 1–1 and 4–2, to go on to a lucrative fixture against Paris St Germain, which they lost 0–4 and 0–3.
The Liechtenstein national football team has traditionally been regarded as an easy target for any team drawn against them, a fact that served as the basis for a book about Liechtenstein’s unsuccessful qualifying campaign for the 2002 World Cup by British author, Charlie Connelly. In one surprising week during autumn 2004, however, the team managed a 2–2 draw with Portugal, which only a few months earlier had been the losing finalists in the European Championships. Four days later, the Liechtenstein team travelled to Luxembourg where they defeated the home team by 4 goals to 0 in a 2006 World Cup qualifying match. They are still considered by many to be an easier touch than most, however, they have been steadily improving over the last few years, and are now considered the best of the European “minnows”. In the qualifyings for the Euro Championships of 2008, Liechtenstein beat Latvia 1-0, score which prompted the resignation of the Latvian coach
As an alpine country, the main opportunity for Liechtensteiners to excel is in winter sports such as downhill skiing: Hanni Wenzel won two gold medals in the 1980 Winter Olympics. With nine medals overall (all in alpine skiing), Liechtenstein has won more Olympic medals per capita than any other nation. The country’s single ski area is Malbun.
<%DIGG%>
Share This
In June 2003, the state tourism agency decided to give a boost to the country’s tourism by offering to rent out the country to businesses and other organizations for conference hosting, weddings, or other such events. The company will be given keys to the capital city and be offered team-building/touristy activites and attractions, such as wine-tasting, tobogganing, and full access to one of the country’s royal castles. Liechenstein is a little smaller in area than the capital of USA, Washington, D.C..
<%DIGG%>
Share This
Latest Comments