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Three outstanding works of journalism were awarded the LGT Media Prize for top quality economic reporting during an event in Vienna's Liechtenstein City Palace on February 23.
LGT’s chairman, H.S.H. Prince Philipp von und zu Liechtenstein, presented the prizes.
The trophy for first place went to Eva Steindorfer for her article «Gründer gehen dorthin, wo das Geld ist» (founders follow the money), which was published in the daily newspaper 'Die Presse' on October 5, 2014. The prizewinner outlines the Speedinvest II startup fund, which is directed specifically at Austrian startups, in her article. Editorially prepared better than any other article on the topic in the competition period (January 1, 2014 to November 14, 2014), the jury commended outstanding journalistic execution enhanced by excellent interviewees that was written in a manner both entertaining and digestible while including many facts and figures.
The first recognition award went to Jakob Arnim-Ellissen. Leading with the headline «Bürokratie in Rot-Weiss-Rot» (bureaucracy in Austria), he used ironic touches to review the bureaucracy that the competition for highly qualified staff involves. The article was published in the business magazine 'FORMAT' on August 14, 2014. In the content, the prizewinner looks at why the idea of a 'green card' is good for Austria but its implementation exhibits weaknesses. He convinced the jury with an excellent analysis from an array of different angles, as well as illustrative, informative, and entertaining examples that keep the reader hooked from start to finish.
Leading with the title «Die Teuerung kommt früher oder später» (inflation will come sooner or later), Nikolaus Jilch from the daily newspaper 'Die Presse' won the second recognition award for an interview with two fund managers. In the interview, the fund managers recount lessons from the dot-com bust, bankers who know nothing about the theory of money – and similarities between Rapid Wien and the price of gold. An informed look behind the scenes of this market makes the topic tangible and digestible for the reader.
Each year, LGT Bank Österreich awards prizes for outstanding editorial print and online articles on topics from the world of business and finance. "In awarding the LGT Media Prize, we recognize how important dedicated, expert journalism is to the understanding of economic structures and trends. LGT Bank Österreich wants to foster and award this prize to anyone who is already capable of mastering such challenges at a young age," said CEO of LGT Bank Österreich Meinhard Platzer in his welcoming address.
LGT’s chairman, H.S.H. Prince Philipp von und zu Liechtenstein, presented the prizes in the course of an event in Liechtenstein City Palace. In all, 60 articles competed for the LGT Media Prize. After all the competing articles had been rendered anonymous, an independent jury consisting of five people rated them. Of the ten articles nominated, the jury awarded the LGT Media Prize for one and recognition awards were presented for two others. A total of 6,000 euro is set aside for the LGT Media Prize.
The LGT Media Prize 2016 will be offered soon. Rules of the competition will be announced in June.
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