Vaduz, Liechtenstein - Liechtenstein's LGT Group on Tuesday reported a 36 per cent drop in profits for 2008, as well as net cash outflows of 1.3 billion Swiss francs
(1.1 billion dollars).

Last year, LGT's profits were 163 million francs compared with 255 million in 2007. It had 78 billion francs under management at the end of 2008, a decline which was attributed to "negative market effects."

Vaduz, Lichtenstein  - The Principality of Lichtenstein has agreed to make its financial sector more transparent and work better on tax issues with other countries, it said in a statement Thursday.

"Liechtenstein commits to and will implement the global standards of transparency and exchange of information as developed by the OECD," read the statement, referring to the Organization for Economic Cooperation and Development.

Vaduz, Liechtenstein - Pierre Littbarski has left a personal hell in Iran for the tax haven of Liechtenstein and enjoys the tranquillity there.

The German coach signed at the Vaduz club last month after fleeing Iran's Saipa Tehran in October because he was caught in a power struggle between club boss Hamid Sadschadi and national team coach Ali Daei.

"I basically fled Iran, saying I would meet my wife in Dubai," he told Deutsche Presse-Agentur dpa.

But the World Cup winner from 1990 insisted that not everything was bad in Iran: "The people there are very friendly and football-crazy."

Vaduz  - Angering the German Jewish community, Prince Hans- Adam II of Liechtenstein attacked Germany in a letter revealed Thursday, calling it a "Fourth Reich" that succeeded the "Third Reich" Nazi regime of the 1930s and 40s.

Liechtenstein already survived "three German Reiche" - meaning three eras of attempted German domination - over the last 200 years, Hans-Adam II wrote in a letter to the Berlin Jewish Museum, that was quoted by the Swiss daily Tages-Anzeiger Thursday.

He hoped also to survive the "Fourth Reich", the prince continued.