AGP Executive Report
Last update: 9 hours agoCybersecurity & Finance: Liechtenstein’s response to a hacking attack on its beneficial ownership register is widening fast: four more government financial systems were taken temporarily offline (VAT e-portal, judicial system, central account register, and tax information portal) while investigators continue and affected parties are notified under EU data rules. Trade & Industry: The US is moving to reshape the solar and semiconductor supply chain with a Section 232 package: from Dec. 4, 2026 it adds a 15% tariff on polysilicon derivatives and sets minimum import prices (including $21/kg polysilicon and $0.22/W solar cells), with a capped combined rate for imports from Switzerland and Liechtenstein. Business Leadership (Vatican): Pope Leo XIV confirmed Cardinal Reinhard Marx as head of the Vatican’s Council for the Economy and appointed new members, including Princess Gisela of Liechtenstein and other business experts, as the council oversees budgets and financial structures. Energy & Logistics: Drought is threatening Rhine shipping, a key trade artery for Switzerland and the region that runs through Liechtenstein. Pharma Deal: Gan & Lee’s weight-loss drug rights in Europe were sold to Menarini for up to €726m, boosting the company on the back of the licensing expansion.
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