In 2009, Liechtenstein had a population of around 37,000 people, the majority of whom were ethnically Alemannic. The economy was largely based on banking and financial services while foreign investment also contributed to economic development. In terms of foreign relations, Liechtenstein maintained strong ties with its European neighbors while it also had close diplomatic ties with Switzerland and other countries in the region. Liechtenstein was a member of several international organisations such as the United Nations, Council of Europe and the European Free Trade Association. Politically, Liechtenstein was led by Prince Hans-Adam II at the time who assumed power in 1989 following his father’s abdication. See internetsailors for Liechtenstein in the year of 2011.
Liechtenstein. The February parliamentary elections led to a shift between the two bourgeois parties, which for decades usually formed a coalition government in Liechtenstein. The slightly more liberal Federation of the Union (VU) increased from 10 to 13 seats. This meant own majority of the 25 seats in Lantdag, but in accordance with a election promise, VU nevertheless chose to form a new “big coalition” with the Citizens Progress Party (FBP), which went from 12 to 11 seats. According to countryaah, the Environmental Party The Free List took the remaining mandate. See ABBREVIATIONFINDER for abbreviation LS which stands for the nation of Liechtenstein.
In March, the former Deputy Prime Minister and Minister of Justice Klaus Tschütscher was named new Prime Minister after Otmar Hasler. In May, the OECD Economic Cooperation Organization announced that Liechtenstein, along with Andorra and Monaco, had been removed from the list of non-cooperating tax havens. The countries had promised to fulfill the requirements for transparency and effective exchange of information. The OECD list was thus empty.