THE PRINCIPALITY OF LIECHTENSTEIN EMBASSY NEWSLETTER

Washington, DC

Fall 2007

Liechtenstein’s Foreign Minister Rita Kieber-Beck Visits Washington and New York From September 25-27 Rita KieberBeck, Minister of Foreign Affairs of the Principality of Liechtenstein, visited Washington and New York during her annual visit to the United States. Foreign Minister Kieber-Beck was joined by Ambassador Roland Marxer, Director of the Office for Foreign Affairs in Liechtenstein. Foreign Minister Kieber-Beck’s visit began in Washington where she met with a number of congressional memForeign Minister Rita Kieber-Beck bers for a breakfast reception in the addresses faculty and students at Capitol Building to celebrate the EmJohns Hopkins School of Advanced bassy of Liechtenstein’s fifth year in International Studies. Washington. Foreign Minister KieberBeck also announced the establishment of the bipartisan “Congressional Friends of Liechtenstein Caucus”, which is co-chaired

Foreign Minister Rita Kieber-Beck takes questions from students following her address to the Women’s Leadership Program at George Washington University.

by Congressman John Sullivan of Oklahoma and Congressman Joseph Crowley of New York. The breakfast was also an opportunity for the Foreign Minister to visit with congressional members who had taken part in the annual US congressional visit to Liechtenstein. This visit has taken place every February over the past seven (Continued on Page 2)

United States House of Representatives Creates “Congressional Friends of Liechtenstein Caucus” Following the many years of support for the deepening of Liechtenstein-US relations from the United States Congress, the House of Representatives created the Congressional Friends of Liechtenstein Caucus, which was Foreign Minister Rita Kieber-Beck is joined by Con- officially unveiled in gressman John Sullivan (center), Co-Chair of the ConSeptember. gressional Friends of Liechtenstein Caucus, and ConThe bipartisan Caucus gressman Jim Sensenbrenner. is co-chaired by Congressman Joseph Crowley of New York and Congressman John Sullivan of Oklahoma. The Caucus is a formal group of Representatives focused on promoting a greater understanding of the Principality of Liechtenstein. The Caucus will work to build and strengthen the relationship between the U.S. and Liechtenstein. In particular, it will serve as a forum for Congress to enhance and strengthen the economic, political and cultural relationship between the two countries. The Caucus will also serve as a forum in which legislators from the U.S. and the Principality of Liechtenstein can formally exchange ideas and policy concerns. By promoting dialogue on issues of interest, the Caucus will seek to strengthen bilateral relations between the U.S. and Liechtenstein, promote com-

merce, and enhance economic and trade cooperation. On September 26 the Embassy of Liechtenstein hosted a breakfast reception in the Capitol Building in celebration of five years since the establishment of the Embassy in Washington, DC. Foreign Minister Rita-Kieber Beck was joined by many Representatives who came in support of Liechtenstein-US relations. Congressman Sullivan and Congressman Crowley made addresses during the reception praising both countries’ already solid and growing partnership.

Congressman Joseph Crowley, CoChairman of the Congressional Friends of Liechtenstein Caucus, makes an address at a breakfast celebrating the Embassy of Liechtenstein’s fifth year in Washington, DC.

INSIDE 2007 Liechtenstein Dialogue Liechtenstein Library Opens in Jerusalem Interview with Dr. Czinkota, Visiting Professor in Liechtenstein Fourth Annual Small Nations Poetry Reading “Lust for Life” at the Liechtenstein Kunstmuseum Discover Liechtenstein’s Culinary Treasures 2007 Fall Cooking Festival in Vaduz Recipe: “Vaduzer Marc” Potatoes with Arugula and Tomatoes

www.liechtenstein.li

2 3 3 4 4 5 5 5

EMBASSY OF THE PRINCIPALITY OF LIECHTENSTEIN Foreign Minister Kieber-Beck Visits DC and NY (Continued from Page 1)

Congressman Thomas Petri of Wisconsin talks with Foreign Minister Rita Kieber-Beck and Ambassador Claudia Fritsche (center) at a breakfast celebrating the Embassy of Liechtenstein’s fifth year in Washington.

years. Foreign Minister KieberBeck was a guest speaker at George Washington University’s Elliott School of International Affairs where she spoke to students and faculty of the Institute for European, Russian and Eurasian Affairs. Her speech titled “Multilateral Organizations—Can a Small State Play a Role in Addressing Global Issues?” showcased Liechtenstein’s

multilateral engagement. Foreign Minister Kieber-Beck was also a guest of George Washington University’s Women’s Leadership Program where she met with students and faculty. In her speech she described how Liechtenstein addresses the issues of gender equality, integration of foreign nationals, and Liechtenstein’s engagement on these issues at the multilateral level. Foreign Minister Kieber-Beck’s visit to Washington concluded with a breakfast address to the Center on Politics and Foreign Relations at the Johns Hopkins School of Advanced International Studies (SAIS). Her speech titled “Does Soft Power Apply to Big and Small? The Role of Small States in Multilateral Organizations” addressed key issues Liechtenstein has been working on within the United Nations including reform of the Security Council and the development of the International Criminal Court.

Foreign Minister KieberBeck continued her US visit to New York to the annual General Debate of the United Nations General Assembly. It began with a breakfast hosted by US Secretary of State Condoleezza Rice. This was the third meeting of the Women Leaders’ Working Group with Clockwise from far left: Barbados Foreign Minister Dame Billie Miller, Iceland Foreign Minister women Ministers, Heads of Ingibjörg Sólrún Gísladóttir, EU Commissioner State, Ambassadors, NGOs of External Relations Benita Ferrero-Waldner, Hungarian Foreign Minister Kinga Göncz, Liechand CEOs to address political, tenstein Foreign Minister Rita Kieber-Beck, economic, legal and educa- Liechtenstein Ambassador Claudia Fritsche, Foreign Minister Dr. Ursula Plassnik, tional empowerment for Austrian South African Foreign Minister Dr. Nkosazana women at the grassroots level. C. Dlamini-Zuma, and Malawi Foreign Minister Following various meetings Joyce Banda. All gathered for a dinner hosted by Foreign Minister Rita Kieber-Beck at the with further foreign ministers Liechtenstein residence in New York. throughout the day, Foreign Minister Kieber-Beck hosted a dinner for the female foreign ministers at the residence of Liechtenstein’s Ambassador to the United Nations, Christian Wenaweser. The dinner served as a venue to discuss ways to advance the work of the General Assembly on a UN system-wide coherence in the field of gender equality. In her address within the General Debate of the UN General Assembly session, Foreign Minister Kieber-Beck spoke, inter alia, about climate change, peacekeeping and the International Criminal Court. She stressed that the United Nations has the unique ability to bestow legitimacy and legality on international action and that the United Nations symbolizes the rule of law in international relations.

2007 Liechtenstein Dialogue — Navigating Change: Success Strategies for Financial Centers Selected representatives from the fields of business, politics, and research met from October 4-5, 2007 for the fourth annual Liechtenstein Dialogue in Vaduz. The approximately 150 participants from a range of countries discussed the needs of the financial sector and future strategies for successful financial centers. The goal of this year's Dialogue – to promote an exchange of experiences among local and international players in the financial sector and supervisory authorities – was pursued under the title: "Navigating Change: Success Strategies for Financial Centers". The focus of the Dialogue 2007 was to build on the views exchanged in the previous three Dialogues on current developments and future challenges for financial markets: "Our purpose is to provide impulses to think ahead and to develop strategies with which to define and assert the interests of financial markets in this new age of globalization," said Prime Minister Otmar Hasler. Hasler emphasized that it is not by chance that a conference on success strategies for financial centers is hosted in Liechtenstein. The Liechtenstein financial center can look back at amazing development over recent decades and has now become a strong regional – and, in some respects, even global – player. Speakers at the Liechtenstein Dialogue 2007 included Michael Zamorski, Managing Director, Supervision, of the Dubai Financial Services Authority; Franz-Hermann Brüner, Director General of the European Anti-Fraud Office (OLAF); Patrick Farrell, Chief Executive of the Irish www.liechtenstein.li

Banking Federation; Eduard Oswald, Chairman of the Finance Committee of the German Bundestag; Angela Knight, CEO of the British Bankers' Association; and Eugen Haltiner, President of the Swiss Federal Banking Commission From Left: Guido Westerwelle, Chairman of the Free (SFBC). Democratic Party of Germany (FDP), Liechtenstein Prime Liechtenstein has Minister Otmar Hasler and Liechtenstein Foreign Minister started working on a Rita Kieber-Beck. new vision for the financial center, Prime Minister Hasler declared: "This vision and the initiatives we derive from this vision will further strengthen the position that Liechtenstein has acquired in private wealth management and many related areas. We will provide even better business conditions for financial market players and an innovative, internationally respected regulatory and supervisory framework." The focus of the Dialogue 2007 was on the financial centers of the United Kingdom, Ireland, Luxembourg, Dubai, and Switzerland. According to the Prime Minister, these very different financial centers were selected since they pursue very successful strategies for responding to challenges quickly and flexibly. In the context of the Liechtenstein Dialogue, Liechtenstein (Continued on Page 4)

EMBASSY OF THE PRINCIPALITY OF LIECHTENSTEIN Liechtenstein Library Opens in Jerusalem

As bilingual education in Israel is in the beginning of its development, the preparation of according curricula presents a new challenge. Therefore, the library will play a central role as a multiplier for the longterm development of bilingual and bicultural educations.

October 21, 2007 marked the grand opening of the Max Rayne Hand-in-Hand School for Bilingual Education in Jerusalem. Elementary students of both Jewish and Arab backgrounds will be taught in one classroom under the guidance of both an Arab and Jewish teachers. The school will work to foster a greater dialog and coexistence among the Arab and Jewish communities in the area. As part of the newly built

school, the Liechtenstein Government and the Liechtenstein Bankers Association funded the building of the school’s library. In addition to its books and information for students, the modern Liechtenstein Library will provide a resource center that will serve to develop the school’s curriculum. The Liechtenstein Library, above, will In addition, the library will also serve as one of the central elements of the be available to the families of the school. students. For more information visit www.jerusalemfoundation.org.

Interview with Dr. Michael Czinkota of Georgetown University, Visiting Professor at the Liechtenstein University of Applied Sciences Dr. Michael Czinkota is a visiting professor at then there is the physical globalization of many the Liechtenstein University of Applied Sciences. students here in Liechtenstein – for example, one Dr. Czinkota teaches international business and of my discussion partners had parents from Italy trade at the Graduate School of Business at and Greece, she had lived in the United States and Georgetown University in Washington, DC. Dr. was now studying in Liechtenstein. So there is a Czinkota is the author of “Mastering Global Marmuch heightened awareness of international issues. kets,” which reflects the challenges of internaNot all of your students are from Liechtenstein. tional management in a world of conflict and Who are your students and how do you find their uncertainty. He also wrote two leading college Dr. Michael Czinkota, center, with a few of his stu- level of knowledge and preparedness? Many of my students – actually the majority are textbooks: “International Marketing, 8th Edition” dents in Liechtenstein. from either Austria, Switzerland or Germany. They and “International Business.” The Embassy of Liechtenstein talked to Dr. Czinkota about his work tell me they are here because they dislike the institutional predictability of large public institutions in their home nations. They believe that by in Liechtenstein: What are your impressions of Liechtenstein? How has your family coming here they are more exposed to global issues and have the ability to forge better networks for the future. Their desire to use the envibeen adapting to their temporary, yet new surroundings? I am spending most of my time at the university so I have only limited ronment in which they live is demonstrated by their willingness to exposure, but then there are the weekends, where we went up moun- work hard and prepare for our sessions. tains, did snowball fights, tried out the wines and had some excellent Where do you see the job markets growing in the area of internadinners. tional marketing in Europe and the US? The area of international marketing is on a definite growth trend. You have roots in this region of Europe. Tell us a little about that. I attended the Jesuit school Stella Matutina in Feldkirch, Austria in the Though there are constant market shifts – the motto for an international 1960’s and during that time there were quite a lot of visits to Liechten- marketer could well be “It’s Happy Hour somewhere”, since new opstein. I had classmates whose parents we visited – always a great occa- portunities arise all the time. Cultures adjust, and make new ways of doing business possible. At the same time, we need to continue plansion when you are used to boarding school food. ning how to adjust to cultural shifts which require new approaches. For What classes are you teaching? I am teaching several seminars, one dealing with global research and example, though we all dance to the same music and often even eat the publication strategies – in other words, how does one overcome the same food, there are many idiosyncrasies which cause people to celepsychological distance between research approaches in various regions brate their differences. of the world and how does one communicate with other scholars, firms The Liechtenstein University of Applied Sciences is a very young and policy makers. We also focus on Global Trends and Changes – academic institution. Do you think it is attractive for student exlooking how corporate strategy must change to adjust to new impera- change programs with American universities? The university is small, but, as it was said of the mouse that roared – it tives in the marketplace When you compare Liechtenstein to the United States, what are the is not always an issue of huge enrollments. As a matter of fact, smalldifferences between teaching and student-professor interaction, if ness can mean adaptability, greater recognition of individual needs, and, subsequently, better fulfillment of those needs. On part of all any? The university is of course much smaller than many of the public and stakeholders, there is no need to battle anonymity – since close quarters private institutions in the United States. As a result, there is much more and small numbers make work at the university a much more personal closeness of contact – both between the students and within the faculty. experience. In looking at the growth that has occurred in the past few It is easier to know each other, which also means that students have a years, there is clear evidence of an increase in quality and outreach. I greater weight on them to be prepared, since the chances are very high would not be surprised in a globally networked world, to have the that one gets involved in the classroom discussions. There are also Liechtenstein University of Applied Sciences emerge as a specialized many more experientially based questions, probably because of the institution which, with a superb reputation, can be active around the substantial work experience of some students at the university. And globe. www.liechtenstein.li

EMBASSY OF THE PRINCIPALITY OF LIECHTENSTEIN 2007 Liechtenstein Dialogue (Continued From Page 2)

Each year the Liechtenstein Dialogue brings together leading figures from business, politics and research.

aims to draw on the factors that contribute to success irrespective of the location. The international financial center of Dubai was discussed as a success; it was established in 2002 with the goal of creating a hub for the financial world in the Middle East. Ireland is also a success story, which – thanks to low taxes and cooperation between the regulatory authorities and the banks – was able to build up the Dublin financial center. Switzerland is also working on a strategy for strengthening its

financial center, with the goal of advancing it to the top 3 international financial centers by 2015. Of great importance to the Liechtenstein financial center is the future policy of Germany. Eduard Oswald, Chairman of the Finance Committee of the German Bundestag, illuminated the competition among financial locations from a German perspective. As Eduard Oswald emphasized, the liberalization and dynamism of the global financial system is leading to a shift in power. The possibilities for individual states to make and monitor rules is tending to decrease, so that the global financial system is increasingly withdrawing from national control. According to Oswald, it is necessary for the international community to keep up with the financial industry and to agree on international rules. Oswald praised Liechtenstein's effort to reorient its financial center. Liechtenstein is a good example of how uniform international standards in the fight against money laundering can have a good effect: "National strategies for combating and preventing money laundering are destined to fail in an era of globalized financial markets – international cooperation and compliance with uniform standards are indispensable," said Oswald. A public speech was given by Guido Westerwelle, Chairman of the Free Democratic Party of Germany (FDP), on the topic of "The Globalizing Market: More Opportunities for More People". The Liechtenstein Dialogue was conceived as an international forum facilitating an open and constructive debate on the changing conditions for the financial world as a consequence of globalization. For more information on the Liechtenstein Dialogue, visit www.dialogue.li.

4th Annual Small Nations Poetry Reading at the National Museum of Women in the Arts

“Lust for Life” Features Many American Modern Artists at the Liechtenstein Kunstmuseum

On November 6 Ambassador Claudia Fritsche participated with nine other diplomats in the 2007 Small Nations Poetry Reading at the National Museum of Women in the Arts (NMWA) in WashingThe Small Nations Poetry Reading featured ton, DC. poetry penned by female poets read by AmbasIn its fourth year, the Small sadors and ranking embassy officials. Nations Poetry Reading brought together ten nations, namely Austria, Bahrain, Bulgaria, Cyprus, Iceland, Liechtenstein, Luxembourg, Malta, Monaco and Slovenia. This year’s poetry reading brought in a record of over 200 audience members. As in previous years, each Ambassador gave a small presentation on their country followed by the reading of a poem. Given this year’s venue at the NMWA, each Ambassador read poetry from a female poet native to their country. Each Ambassador repeated the last stanza of the poems in their native language. The poetry reading was followed by a reception featuring rare wines from many of the participating nations. All of the proceeds from the 2007 Small Nations Poetry Reading went to the NMWA’s “Bridging Communities” program, raising over $2000. Bridging Communities works to promote cross-cultural exchanges amongst elementary school children in the Washington, DC metro area.

“Lust for life, the Ricke collection” from September 21-January 13 is the newest exhibition to come to the Liechtenstein Kunstmuseum. For the first time over 100 works from the Rolf Ricke Collection, purchased together with the Museum of Modern Art in Frankfurt and the Kunstmuseum in St. Gallen, Switzerland in 2006, are on display in Vaduz. Rolf Ricke, a collector from Germany, was a pioneer in spreading Ingrid Calame, American art in Europe. In 1965 he Lup-bup Zhir-Pow!, visited New York for the first time and 1994 was stunned by the art he saw, which he found very impressive. Once back in Europe he instituted a new kind of gallery: a Producer’s Gallery, which not only brought over American artwork, but the artists themselves. Over the following 40 years, Ricke acquired a remarkable variety of distinguished works by artists such as Richard Serra, Donald Judd, Richard Artschwager and Fabian Marcaccio, which are now on display at the Art Museum of Liechtenstein. The current Rolf Ricke Collection exhibition in Vaduz is set up in a way featuring every single room with a unique ambiance and emanating the spirit, the nature and the artistic intentions of the respective period. Find more information at www.kunstmuseum.li.

www.liechtenstein.li

EMBASSY OF THE PRINCIPALITY OF LIECHTENSTEIN Liechtenstein’s Culinary Treasures Liechtenstein, despite its small size and population of roughly 35,000, has a relatively high representation of top chefs and restaurants. Though Liechtenstein offers a variety of options including traditional rustic cuisine, the country has become a regional hotspot for culinary excellence. In the 2008 issue of the prestigious Gault Millau, a prominent gastronomy guide published in France, five Liechtenstein restaurants were listed with 13, 15, 16 or like Klaus Schatzmann with 17 points out of a total of 20. Schatzman, which is also the name of his restaurant, is located in Triesen. Behind its nondescript façade breathtaking dishes are served. Hubertus Real, who runs the four-star Park-Hotel Sonnenhof in Vaduz, received 16 points. Rolf Berger from the Restaurant Torkel, which is connected to the Court-Winery of the Prince of Liechtenstein, received 15 points. Furthermore, the family-managed Hotel Real is listed with 15 points. Adjacent to the Hotel Real, the newly listed Hotel Residence is located. The modern restaurant with its young crew earned 13 points in the gastronomy guide.

2007 Fall Cooking Festival in Vaduz On September 1, Liechtenstein’s annual fall cooking festival was held in the capital of Vaduz. Each year the festival features dishes from many of Liechtenstein’s top chefs. The fall cooking festival is a tradition bringing high quality cuisine closer to the public. Several of The fall cooking festival featured local Liechtenstein’s leading chefs left chefs using seasonal and indigenous Photo © Martin Walser the familiar environment of their ingredients. kitchens to serve the hundreds of diners attending from Liechtenstein and the nearby region. Each year, the fall cooking festival features dishes that use seasonal ingredients, as well as ingredients indigenous to the region. Along with the fall cooking festival, Liechtenstein also offers an annual spring cooking festival . The next one will Young and old from Liechtenstein and the take place on May 17, 2008. surrounding regions visit the festival each To learn more about Liechyear. Photo © Martin Walser tenstein’s restaurants and events, visit www.tourismus.li.

“Vaduzer Marc” Potatoes with Arugula and Tomatoes “Vaduzer Marc” Potatoes with Arugula and Tomatoes is a recipe from Chef Tanja Nixdorf of Restaurant Residence in Vaduz, which was featured at this year’s Liechtenstein Fall Cooking Festival. Vaduzer Marc is a grappa made in Liechtenstein, but your favorite grappa can be used in this recipe. Ingredients: (Serves 4) 8 medium-sized baking potatoes Caraway seeds 8 Roma tomatoes 10 o.z. Baby Arugula, washed 12 tbsp olive oil 2 tbsp unsalted butter 6 tbsp grappa Freshly grated parmesan 1 finely diced shallot 1/4 cup vegetable stock Salt and freshly ground pepper to taste

into thinner strips. Once the potatoes are done, allow them to cool for handling. Once cooled, cut four of them lengthwise and hollow out the flesh without damaging the skin. Set skins aside. Peel and mash the remaining potatoes and mix all extracted potatoes flesh together. Add 10 tbsp of the olive oil, 1 tbsp of butter and the grappa. Season to taste with salt and pepper.

Photo © Martin Walser

Preheat your oven to 400º Fahrenheit. Bring a small pot of water to a boil and prepare a separate bowl of ice water. Wash potatoes, sprinkle with caraway seeds and individually wrap them in aluminum foil and bake for about 1 hour until soft. Cut a shallow cross on the bottom of each tomato and drop into boiling water. Remove when the skin begins to peel and place into ice water. Once chilled, peel the tomatoes, cut into quarters and remove seeds. Cut

Fill the mixture into the 8 potato skins and sprinkle with parmesan and place under a broiler, flesh facing up, until flesh and parmesan begin to brown. Sauté the diced shallot in the remaining 2 tbsp of olive oil until transparent. Add the tomatoes, the remaining butter and vegetable stock and sauté for 2-3 minutes. Mix in the arugula and sauté for one minute.

EMBASSY OF THE PRINCIPALITY OF LIECHTENSTEIN

888 17th Street, NW Suite 1250 Washington, DC 20006 Tel. (202) 331-0590 Season to taste with salt and pepper and Fax (202) 331-3221 serve with two potato halves.

www.washington.liechtenstein.li

www.liechtenstein.li