Like many governments across the world, Switzerland’s federal government is spending more than it collects. Extraordinary spending on Covid and refugees has pushed Switzerland’s finances into the red, a situation Karin Keller-Sutter, the current finance minister, hopes to eliminate by 2024.

Swiss resident’s are regularly reminded of the large financial gap is Switzerland’s state pension system. Despite this, several attempts at reform have failed to gain sufficient support. Those that have still leave a large shortfall. On 24 January 2023, UBS published four additional reform scenarios. Only the fourth, with a life expectancy adjusted retirement age of 68.2 years eliminates the current projected shortfall.

At a meeting in Bern on 19 January 2023, Werner Luginbühl, the head of Elcom, Switzerland’s electricity regulator, called on the sector to be careful to manage consumer expectations, reported RTS.

A sharp rise in rent in December 2022 (+1.1%) left the average Swiss rent 4.3% higher than at the beginning of 2022, according to the Swiss Real Estate Offer Index, published on 4 January 2023 by SMG Swiss Marketplace Group. This annual jump of 4.3% exceeds the annual CPI increase of 2.8% announced this week.

A federal initiative aimed at subsidising health insurance premiums once they exceed 10% of disposable income met with resistance in Bern this week, reported RTS.

Every three months the rate of interest used to set the rents in Switzerland is reviewed. If it goes down some renters have the right to request a decrease in rent. If it goes up landlords can push up rents. This time the rate remained at 1.25%, however it looks set to rise next year.

On 2 December 2022, Switzerland’s Federal Council agreed to boost the salaries of those working for the federal government by 2.5% in 2023.

Close to half of renters is Switzerland could face significant increases in rent, estimates Zürich Kantonalbank (ZKB), with rents potentially rising as much as 15% over the next five years, reported the newspaper Blick.

On 16 November 2022, Switzerland’s federal government announced the sums that will be transferred between the nation’s statelets or cantons in 2023, a mechanism aimed at ensuring wealthy cantons support those with weaker economies.

Switzerland’s recent vote on state pension reform on 25 September 2022, divided men and women, reported RTS.

After construction workers went out on strike for two days in French-speaking Switzerland, construction workers protested in Zurich over hours and pay on 11 November 2022, reported RTS.

Photo by Rodolfo Quirós on Pexels.comWith inflation in Switzerland running at 3%, construction workers are demanding higher pay. However, the construction industry has responded with an offer of better pay tied to higher maximum hours. The industry would like maximum weekly hours to rise to 58 and the maximum number of daily hours to 12. Employers are also asking for changes that would make it easier to layoff older workers. The industry is asking for these concessions in return for a pay increase.

Workers are unhappy with higher maximum hours and argue they should get a pay increase to compensate

According to the bank Raiffeisen, a future rental housing crisis is likely in Switzerland as the home vacancy rate moves below 1% in 2024, reported 20 Minutes.

For the seventh consecutive year, the price of tickets on Swiss public transport will remain unchanged. It will also become easier to buy tickets for bicycles and canine companions, reported RTS.

In Switzerland, it pays not to be married. Married couples pay higher taxes and receive lower state pensions than unmarried couples. Two referenda were launched this week to change this, reported RTS.

The Swiss People’s Party (UDC/SVP) argued this week that the CHF 6 billion spent on state employees should be cut, reported 20 Minutes.

On 12 October 2022, Switzerland’s Federal Council announced an increase in state pensions from 1 January 2023 by 2.5%.

In September 2022, Switzerland’s consumer price index (CPI) fell by 0.2% compared with the previous month, according to data from Switzerland’s Federal Statistical Office (FSO).

Data published on 12 September 2022 show how the pool of available housing continues to shrink in Switzerland.

Next year, average electricity prices in Switzerland are set to rise 27% with significant difference depending on where you live, reported RTS. In 2023, an average household consuming 4,500 kWh a year will pay an extra CHF 261 a year for their electricity.

On 31 August 2022, Switzerland’s federal government launched its campaign to cut energy consumption to reduce the risks of an energy shortfall over the coming winter.

In Switzerland, almost 1.7 million people were aged 65 or older at the end of 2021, a figure that makes up 19% of the population, according to data published on 28 August 2022.

Electricity cuts lasting several hours are predicted this winter in Switzerland, according to Laurianne Altwegg, vice president of the Federal Electricity Commission. This winter we should ensure we have enough candles and wood for a wood stove for those who have one, advised Altwegg in an interview with RTS.

Data published this week on 19 July 2022, suggest that 6th wave Covid-19 infections in Switzerland may have peaked. Data published by Switzerland’s Federal Office of Public Health show 46,099 new cases over the 7 days to 18 July 2022. Over the prior 7 days there were 55,339 cases. Recorded cases have dropped 17% week on week.

In Switzerland it is possible to order goods online without paying up front. Retailers will send orders with a payment slip included with the goods. Fraudsters are exploiting this quirk of Swiss postal retail.

On 4 July 2022, Switzerland’s Federal Statistical Office (FSO) published June inflation data, which show prices 3.4% higher than one year ago, well above the Swiss National Bank target of 2.0%. Switzerland’s consumer price index (CPI) increased by 0.5% in June 2022, less than the 0.7% rise in May 2022.

The cost of Swiss health insurance has risen sharply over the years. However, the amount that can be deducted from income to calculate federal taxes has remained comparatively low. This week, Switzerland’s parliament voted in favour of closing the gap between the standardised health insurance tax deductions and what people actually pay, reported RTS.

On 10 June 2022, Switzerland’s government adopted the latest set of EU sanctions against Russia and Belarus, including an embargo on crude oil and certain refined petroleum imports from Russia.

On 2 June 2022, Switzerland’s parliament adopted two motions to accelerate the adoption of solar panels.

Overall, in 2021, Swiss salaries shrunk by 0.2% in nominal terms and by 0.8% in real terms, given an annual rate of inflation of 0.6% across the year, reported the Federal Statistical Office (FSO) this week.

Food, energy and housing costs are rising in Switzerland and consumers are beginning to change their spending habits. So far inflation in Switzerland has been moderate with annual inflation of 2.5%. However, according to FRC, a consumer association in French-speaking Switzerland, recent price rises are only the beginning, reported RTS.

As the prices of fossil fuels skyrocket and further supply and price uncertainty looms, many are seeking ways to cut the amount they spend on home energy. A publication by the Swiss Federal Office of Energy (SFOE) shows where savings can be made.

Statistics published on 26 April 2022 show health expenditure in Switzerland rose to CHF 9,648 (US$ 10,8001) per person in 2020, making Switzerland (probably) the second biggest per-capita healthcare spender in the world – the OECD has not yet published 2020 expenditure for the US, which is typically the world’s highest spender.

According to the newspaper Le Matin Swiss health insurance premiums could rise by 7% to 9%, reported RTS. The future rise in the cost of health insurance is estimated based on data on the rising healthcare costs being passed on to health insurance companies. According to the data, costs rose during the second half of 2021. Across all of 2021 costs were up by 5.1% and the trend appears to have continued.

On 30 March 2022, Switzerland’s government announced the end of all measures aimed at reducing the spread of the SARS-CoV-2 virus from 1 April 2022. Currently, the only federal measures left are the requirement to wear masks on public transport and in health facilities and the obligation to self-isolate after infection with the disease.

This week, 171,085 new Covid-19 cases were reported in Switzerland, up 42% from the 120,901 cases reported a week earlier. In addition, the reported number of Covid-19 patients hospitalised leapt too. This week 482 were admitted, up 37% from 352 the week before.

Photo by Pixabay on Pexels.comThe 7-day average case number had been in constant decline since the end of January 2022. However, the number of new cases turned upwards towards the end of February. On 11 March 2022, 32,087 new Covid-19 cases were reported. In reality the number is likely to be higher. The positivity rate was nearly 56% on PCR tests, a rate that could suggest that a smaller than average percentage of infections are being picked up.

However, the number of deaths, which tends to lag behind cases and

This week, 120,9017 new Covid-19 cases were reported in Switzerland, up 24% from the 97,335 cases reported a week earlier. In addition, the reported number of Covid-19 patients hospitalised edged up slightly from 340 to 352 compared to the week before.

Photo by cottonbro on Pexels.comThe 7-day average case number had been in constant decline since the end of January. However, the number began to turn upwards in the days leading up to the end of February. On 4 March 2022, 25,131 new cases were reported.

At the same time reported weekly Covid-19 deaths were down slightly from 52 to 42. In addition, the number of Covid-19 patients in intensive care fell 14% from 143 to 123.

According to infectious disease expert Didier Pittet the rise in cases is not unexpected after relaxing

Switzerland’s retirement age of 65 for men and 64 for women puts its state pensioners in the youngest half of OECD retirees.

Photo by MART PRODUCTION on Pexels.comThis week, when a Swiss parliamentarian asked in which direction pension reform was heading, he received a written response that said the state pension system could be stabilised from 2030 with a rise in the retirement age to 68 for both men and women, reported the NZZ newspaper. Many nations have already moved in this direction to make pension funding add up as the number of retirees swells.

So how does Switzerland compare to other OECD nations?

Swiss women get to collect a full state pension 10 years before their counterparts in Denmark eventually will, and Swiss men will get a 9 year head start on Danish men. Both

This week, 118,555 new Covid-19 cases were reported in Switzerland, down 25% from the 157,683 cases reported a week earlier. The reported number of Covid-19 patients hospitalised also fell 20% from 492 to 392 across the week.

Photo by Polina Tankilevitch on Pexels.comCovid-19 deaths were also down. Across the week, 61 Covid-19 related deaths were reported, a figure 13% lower than the 70 reported the week before. In addition, the number of Covid-19 patients in intensive care fell 13% from 198 to 172.

On Thursday, nearly every anti-Covid-19 measure was dropped in Switzerland. Residents were allowed to enter shops and most public spaces without masks for the first time in a very long time.

A study was published this week, which estimated that as much as 40% of Switzerland’s

On 25 January 2022, a study published by Zurich University Hospital found that 97% of Covid-19 ICU patients since the start of Switzerland’s Covid-19 vaccination campaign were unvaccinated.

This week, Switzerland’s government set a date for the introduction of more generous tax deductions for childcare. From 1 January 2023, parents will be able to deduct up to CHF 25,000 per child in childcare costs from their annual taxable income, reported RTS. Currently, the maximum is CHF 10,100 per child.

In October 2021, Switzerland’s government created a law requiring online streaming services to pay money into a Swiss cinema fund. Under the law, from 2024, streaming services such as Netflix and Disney+ will need to pay a levy equivalent to 4% of their Swiss turnover into the fund, which would be spent on producing Swiss films.

The Swiss housing market continues to rise with no signs of weakening, reported RTS this week. According to the real estate platform immoscout24, the average price per m2 for a family home in Switzerland has risen from CHF 6,700 to CHF 7,200 over the last 12 months, a rise of 7%. Apartment prices have risen even further in some places.

On 17 December 2021, Switzerland’s Federal Council put forward a plan to tax the liquids used for e-cigarettes, reported RTS. The Federal Council is proposing a tax similar to the tax on tobacco but at a lower rate in line with e-cigarettes’ lower toxicity. The government does not want to discourage tobacco smokers from transitioning to e-cigarettes and proposes a rate 77% lower than the tax on tobacco cigarettes.

The latest Economist Intelligence Unit (EIU) survey of the prices of 200 goods and services in 173 cities placed both Geneva and Zurich in the top 10 most expensive cities in 2021. Overall, the cost of living across these 173 cities has risen by an average of 3.5%, the highest inflation seen in the last 5 years.

According to poll results published over the weekend, 53% of those surveyed in Switzerland were in favour of making Covid-19 vaccinations compulsory, a percentage that rose to 69% for those working in the health sector, reported 20 Minutes.

The gross mean household income in Switzerland was CHF 114,984 (US$ 125,000) in 2019, according to the Federal Statistical Office (FSO). Overall, 40% of households in Switzerland had income over this mean while 60% brought in less.

This week, the Federal Council rejected two very different initiatives aimed at changing the state pension system. In common with much of the developed world, Switzerland is facing a large gap between the money required to fund state pensions and the money flowing in to pay for them, a challenge driven by increasing life expectancy, a rise in the number of pensioners as the population ages and the way the system is funded.

This week, the government of the canton of Geneva changed a law to require non residential buildings, with some exceptions, to switch off their lights at night between 1am and 6am.

Over the weekend the owners of a family-run restaurant were taken into police custody for defiantly operating their restaurant in contravention of Switzerland’s Covid rules, reported 20 Minutes.

This week, 10,148 new cases of Covid-19 were reported in Switzerland, up 30% from the 7,818 recorded the week before. On a 7-day moving average basis, the number of daily new cases was 1,450.

Last weekend, several thousand protestors assembled outside the Federal Palace in Bern to voice their opposition to Switzerland’s response to the Covid-19 pandemic, reported Tribune de Genève.

The latest forecast for 2021 shows a deficit of CHF 14.8 billion, down CHF 2.6 billion from an earlier forecast shortfall of CHF 17.4 billion. The deficit is driven mainly by the extraordinary cost of responding to the Covid-19 pandemic.

Recently published figures show the largest fall in male life expectancy in Switzerland since 1944 and the largest since 1962 for women.

Over the weekend, several thousand people took to Swiss streets to protest against Switzerland’s measures to reduce the impact of Covid-19, reported RTS.

Unemployment fell from 2.7% to 2.6% in September 2021 in Switzerland, with a sharp drop among those aged 15 to 24, reported RTS. By the end of September 2021, just over 200,000 people were looking for employment in Switzerland according to Switzerland’s standard measure, which is focused on those registered with the official unemployment office, something required to collect unemployment benefits.

According to a recent survey, one third of Swiss are against the extension of Covid certificates. But most think opposition is higher.

On 29 September 2021, Switzerland’s government announced it had signed a contract with Johnson & Johnson to receive 150,000 doses of its Covid-19 vaccine. The delivery of the doses is expected next week.

Compulsory Swiss health insurance premiums are on average set to fall by 0.2% in 2022, announced the Federal Office of Public Health (FOPH) on 28 September 2021. This is the first time since 2008 that average premiums have fallen.

© Francisco Javier Zea Lara | Dreamstime.comBasic health insurance is compulsory in Switzerland and governed by federal law called LAMal. Insurers must offer basic insurance to everyone who applies regardless of their health or habits. Anyone failing to insure will have the choice of insurer made for them by the authorities and receive a bill.

Swiss healthcare is costly. In 2018, Switzerland had the world’s second most costly healthcare (12.2% of GDP) trailing only the United States (16.9%) on share of national income spent on health. The OECD average

On 28 November 2021, Swiss voters will be asked whether they accept laws passed by the government on 19 March 2021 that paved the way for the introduction of Switzerland’s Covid certificate, a system that provides proof of vaccination, recovery or a negative test.

The think tank Avenir Suisse has calculated that in 2020 the Swiss federal government spent CHF 5 per person per day on the pandemic, a total of CHF 41 million a day.

Lukas Engelberger, head of the association of cantonal health directors, has recommended making Covid certificates compulsory for riding on Swiss ski lifts, reported Le Nouvelliste.

Finding a place to live in Switzerland is difficult. Home availability is low and prices are high. On 13 September 2021, the Federal Statistical Office published data showing a sharp drop in the number of vacant homes since 2020, a development that will make home hunting harder.

On 8 September 2012, the Swiss government decided to extends the use of Covid certificates. From Monday 13 September 2021, a certificate will be required to enter bars, restaurants, museums, cinemas, theatres and pools, a system already operating in numerous countries, such as Italy.

The latest figures on Covid-19 patients in intensive care in Swiss hospitals show a steep rise in numbers.

Swissmedic, Switzerland’s drug approval agency, extended approval of the Moderna Covid-19 vaccine for use on 12 to 17 year olds this week.

Recent analysis of data done in the Swiss canton of Vaud found rate of Covid-19 was 83 times higher among the unvaccinated than those who had received two shots of vaccine, reported RTS.

During July 2021, around 5% to 10% of long-haul passengers, many in transit, were unable to depart from Zurich airport because their Covid-19 documents did not comply with destination country regulations, reported the newspaper Le Temps.

In 2016, the social security office in Zurich discovered a concealed bank account containing CHF 1 million belonging to a deceased man who had received welfare payments for 13 years, reported RTS.

Switzerland’s four largest buildings insurers estimate the costs of recent weather events could reach half a billion francs across Switzerland, reported RTS. According to Grégoire Deiss, who works for the cantonal buildings insurer ECAB in Fribourg, the cost of recent storms and flooding could be around CHF 500 million across all of Switzerland, a figure he based on claims that have been made so far.

According to a report by the newspaper Le Matin, some testing centres in Switzerland are charging for rapid antigen tests despite the federal government announcing it would cover the cost of these tests.

Vaccination has pushed the percentage of residents in Geneva with antibodies against the SARS-CoV-2 virus up to 67%, according to a recent study by Geneva’s HUG hospital. To some extent, Geneva has been at the forefront of Switzerland’s experience with Covid-19. Since the beginning of the pandemic, the canton has recorded Switzerland’s highest rate of infection, 54% above the Swiss average.

On 9 July 2021, the Swiss price comparison website Comparis revealed that it had been the victim of a ransomeware cyber attack on Wednesday, 7 July 2021. According to Comparis, the attack occurred in the morning. Comparis took down several of its sites as a security measure. The attackers demanded money in exchange for decrypting data.

On 13 July 2021, Switzerland’s Federal Office of Public Health (FOPH) reported 483 new cases of Covid-19, up from a daily average of 274 over the preceding three days. The rise in cases follows a rising trend in the incidence of the more infectious Delta variant, which now makes up the majority of DNA sequenced samples in Switzerland.

The European Commission has given the Swiss Covid certificate a green light for inclusion on the EU-wide digital Covid certificate platform. This means that holders of Swiss Covid certificates are able to present their Swiss-issued Covid certificate QR codes at ports of entry into EU nations under the same conditions as holders of certificates from EU nations.

According to RTS, Brussels is close to giving the Swiss Covid certificate a green light for inclusion on the EU-wide digital Covid certificate platform. This means that Swiss residents will soon be able to present their Swiss-issued Covid certificate QR codes at ports of entry into EU nations.

In Switzerland, 20% of people over 80 have not been vaccinated against Covid-19 at a time when the fast spreading Delta variant is gaining ground, said Alain Berset, Switzerland’s health minister, in an interview with the NZZ reported RTS.

The longer term effects of Covid-19 can take many forms and there are numerous definitions of the disease. A study undertaken by HUG and UNIGE in Geneva, published on 6 July 2021, found that 39% of a group of Covid-19 patients still had symptoms after 7 months.

In 1999, social expenditure in Switzerland was CHF 13,370 per resident. By 2019, the same figure had reached CHF 21,300, a rise of nearly 60%. Over the same period, total inflation was around 11%. Applying inflation to CHF 13,370 brings the figure to CHF 14,480. Why has the cost risen beyond this and how has the extra spending been funded?

On 30 June 2021, Switzerland’s Federal Council discussed ways of preparing Switzerland for the autumn and winter months and a possible renewed rise in the number of coronavirus cases. From the meeting ministers produced a report setting out various scenarios and response plans.

Any animal raised and slaughtered in Switzerland can be labelled Swiss. However, what the animal has been fed could be from anywhere. If animals are what they eat then much of the meat and eggs labelled Swiss aren’t very Swiss.

On 23 June 2021, Switzerland’s government announced that it was loosening a wide range of Covid-19 restrictions from Saturday. From Saturday, 26 June 2021 rules on nightclubs, large events, remote working, education and restaurants will be loosened. In addition, it will become easier for travelers to enter Switzerland.

This week, 880 new Covid-19 cases were recorded in Switzerland, down 44% from the week before (1,576). The daily number of cases on a 7-day rolling average is now 126. During the week, 22 people were reported being admitted to hospital in Switzerland with Covid-19.

Switzerland is well prepared to take on the Delta variant, said Christoph Berger, head of Switzerland’s federal vaccination commission. Based on what we currently know, there is no need to be concerned, he said, reported RTS.

The number of Covid-19 cases in Switzerland continues to fall. On 15 June 2021, 243 new cases were reported. A month earlier the 7-day average was 2,161 cases. Swiss cases have dropped by 89% in a month. In the UK the number of cases has roughly tripled over the same period and the government has decided to extend current restrictions until 19 July 2021.

By the end of May 2021, the percentage of Switzerland’s workforce registered as out of work had fallen to 3.1%, down from 3.3% in April 2021. The figures are based on those registered as unemployed at regional employment centres and exclude many of those that have been out of for more than two years and have exhausted their rights to collect unemployment benefits.

On 4 June 2021, Swissmedic, Switzerland’s drug approval authority, announced it was extending authorisation of the Pfizer/BioNTech vaccine to 12-15 year olds. The vaccine, also known under the brand name Comirnaty®, has had temporary ordinary authorisation for use in Switzerland on people aged 16 or over since 19 December 2020.

As we move through time scientific research improves our understanding of the world. The resulting revelations often point to changes that could lead to progress. However, these changes are rarely painless. Shifting away from the use of antibiotics on livestock and the agricultural use of pesticides are not small adjustments.

On 23 December 2021, a 90-year old resident of Luzern, was the first person in Switzerland to be vaccinated against Covid-19. In the roughly 5 months since then, more than 3 million people in Switzerland have received at least one dose of vaccine, representing around 36% of the population.

This week, 5,670 new Covid-19 cases were recorded in Switzerland, down 28% from the week before (7,843), continuing the downward trend of new numbers of recorded infections. The daily number of cases on a 7-day rolling average has more than halved (-58%) in 4 weeks falling from 1,924 to 810.

On 27 May 2021, the UK was added Switzerland’s list of risk countries. This means that anyone arriving in Switzerland from the UK from 6pm on Thursday must quarantine upon arrival, with a few exceptions. The UK was added to the Federal Office of Public Health’s (FOPH) list of countries with a worrying variant, alongside Brazil, Canada, India, Nepal and South Africa.

Initially, in Switzerland, only those who have been vaccinated will get a Covid certificate. Those who have received a negative test result or have been infected and recovered will have to wait, according to a report in the TagesAnzeiger. This information was later confirmed by the Federal Office of Public Health (FOPH), according to RTS.

Switzerland continues to shift towards organic farming. Between 2000 and 2020, the number of organic farms has risen by 54%. In 2020, the number rose 3.8%. Organic farms now make up 15.3% of total farms in Switzerland, up from 6.9% 20 years ago. In 2000, there were 4,902 organic farms. By 2020, the number had risen 54% to 7,561.

Those with teenagers wishing for the greater travel freedom likely to come with proof of vaccination may have cause for hope. On 7 May 2021, Pfizer submitted an authorisation application to Swissmedic, Switzerland’s drug approval agency, for use of its vaccine against Covid-19 on those aged 12 to 15 years old.

With five weeks to go before Swiss vote on two initiatives aimed at drastically cutting the use of pesticides, more than 50% appear to be in favour of both initiatives, according to RTS.

© Dusan Kostic | Dreamstime.comOne of these initiatives, the clean drinking water initiative, aims to tie access to Switzerland’s generous farm subsidies to forgoing pesticide (and antibiotic) use. The second aims to ban the use of synthetic pesticide use more broadly after a 10 year transition period.

A recent poll suggests 54% are either for (33%) or fairly for (21%) the clean drinking water initiative, and 55% are either for (33%) or fairly for (22%) the ban on synthetic pesticide use. Only 28% are firmly against both.

Over 80% say they will vote the same way for both initiatives.

The

This week, saw 10,639 new Covid-19 cases in Switzerland, down 21% from a week before (13,465) continuing the slow down in growth of new numbers experienced last week (-5%). The 7-day average is currently 1,519.

The primary reason for the rise in consumer sentiment is a significant improvement in expectations regarding general economic development. This sub-index climbed from -18 points in January to +3 in April, the highest value recorded since autumn 2018, indicating that consumers are expecting the economic recovery to continue over the coming twelve months.

This week, saw 13,465 new Covid-19 cases in Switzerland, down 5% from a week before (14,110) continuing the 5% slow down in growth of new numbers experienced last week.

© Andrii Kozlytskyi | Dreamstime.comThe 7-day average is currently 1,924, dipping below the level of 2,000 for the first time since 11 April 2021.

By 30 April 2021, 10.8% of Switzerland’s population was fully vaccinated, up from 9.6% a week earlier. This week, the number of doses administered per 100 people rose from  26.4 to 30.6, leaving Switzerland trailing behind the EU (32.1 per 100), the UK (70.9) and US (70.2).

By the end of this week, Switzerland’s reproduction rate was below 1.00 overall (0.98) with a few hotspots in central and far eastern Switzerland.

Currently, 25% of hospital beds remain

This week, Switzerland’s government set out the three phases of its plan to return to normal at a press conference recorded by RTS. The first is the protection phase, which we are currently in. This involves vaccinating the vulnerable and could last until the end of May 2021.

This week, Alain Berset, Switzerland’s health minister said that 80% of the population must be immunised for the virus to stop spreading, according to RTS. Vaccination against the SARS-CoV-2 virus is voluntary in Switzerland.

According to the International Monetary Fund (IMF), Switzerland has economically navigated the Covid-19 pandemic well so far. In 2020, the Swiss economy shrank by 2.9%, far less than many other advanced European economies. France (-8.2%), Germany (-4.9%), Italy (-8.9%) and the UK (-9.9%) all performed far worse.

The French region of Bourgogne-Franche Comté has contacted several Swiss cantons and asked them if they would take Covid patients, according to RTS. Jacques Gerber, the minister of health in the canton of Jura told RTS that there had been a request from France to prepare in case French hospitals become overloaded.

As Switzerland’s population ages the number of people paid state pension is rising relative to the number of workers funding it. Since 2014, more has been paid out than has been paid in. The most effective way to fix this imbalance is to raise the pension age. If the average life expectancy of a retiree is 15 years, then raising the pension age by one year will cut the cost by nearly 7%.

Sometimes comparisons are drawn between the seasonal flu and Covid-19. But how many die from the seasonal flu in a typical year? According to Switzerland’s Federal Statistical Office, surprisingly few.

The economic impact of the Covid-​19 pandemic has hit low-income households far harder than those on high incomes, according to a study published by the KOF Swiss Economic Institute at ETH Zurich.

In 2020, the number of overnight stays in Swiss hotels fell by 40% to 23.7 million, a fall of 15.8 million nights compared to 2019. The fall, driven by Covid-19, is the largest fall in overnight stays in Switzerland since the end of the 1950s, according to Switzerland’s Federal Statistical Office.

Switzerland’s federal accounts ended 2020 with a record-breaking deficit of CHF 15.8 billion. The deficit was caused by the pandemic.

In 2019, the poverty line in Switzerland was CHF 27,348 (US$ 30,500) for a single person and CHF 47,712 (US$ 53,200) for a couple with two young children. The figures are calculated by SKOS based on the cost of living in Switzerland. People with incomes below these levels in Switzerland are considered to by living in poverty.

Statistics published at the end of January 2021 show a fall in the percentage of the population included in the definition of middle class in Switzerland.

From Monday 8 February 2021, many people entering Switzerland require a negative PCR test. Currently, there are restrictions on who can enter Switzerland. Generally, only those with a Swiss passport, a valid Swiss residence or cross-border permit, and those who are citizens of an EU or EFTA nation are allowed to enter Switzerland under the current Covid-19 restrictions.

Since reaching a peak in early November 2020, Covid-19 cases in Switzerland have fallen significantly. The 7-day daily average was 8,238 on 8 November 2020. By 8 February 2021, this figure was down by more than 80% at 1,437. However, according to Martin Ackermann, head of the Swiss National COVID-19 Science Task Force, now is not the time for Switzerland to relax.

Israel leads the world in the race to vaccinate against the SARS-CoV-2 virus, in what some are calling the world’s leading Covid-19 vaccine experiment. 64 doses of vaccine per 100 people have been administered there, far more than in any other nation.

This week, the Swiss National COVID-19 Science Task Force published a guide on responding to coronavirus denial. During second wave, trust in the decisions of the Swiss authorities dropped below where it was in spring, and the social consensus on how to respond to the pandemic eroded over the summer, said the authors.

Switzerland’s Federal Department of Finance (FDF) and the Swiss National Bank (SNB), Switzerland’s central bank, have signed a new agreement on how SNB profits can be distributed.

According to a recent survey by Swiss media company Tamedia, 55% of the population is in favour of closing the country’s ski domains if the Covid-19 situation gets worse. reported the newspaper 20 Minutes.

This week, Switzerland’s Federal Office of Public Health (FOPH) reported 17,245 positive Covid-19 cases and 387 deaths.

Switzerland’s Federal Office of Public Health (FOPH) recently reported that 66,000 people in Switzerland had been vaccinated against the SARS-CoV-2 virus that causes Covid-19. The number was communicated by Nora Kronig of the FOPH during a press conference in Bern on Thursday 14 January 2020.

Tension between Switzerland’s scientists and politicians is rising, according to RTS. On Saturday, Christian Althaus, an epidemiologist working for the Swiss National COVID-19 Science Task Force, Switzerland’s scientific Covid advisory team, announced his resignation and voiced his frustration on Twitter.

Recent research based on information from 3,762 Long Covid sufferers shows most still have symptoms after 7 monthsThe study uses patient-driven research and is based on a survey created by a team of patients with COVID-19 who are members of the Body Politic online COVID-19 support group.

On 12 January 2021, Swissmedic, the Swiss agency for the authorisation and supervision of pharmaceutical products, approved a second vaccination against the SARS-CoV-2 virus for the Swiss market.

The number of Covid cases went down significantly in Switzerland during spring as a result of schools closing, according to a study by ETH Zurich, reported RTS. Researchers at the university analysed anonymised mobile phone data of 1.5 billion movements of the Swiss population between 10 February and 26 April 2020. They used this data to calculate how much certain measures reduced mobility and contact.

The pandemic had a significant impact on Swiss real estate prices in 2020, according to industry experts.

The fast spreading strain of the SARS-CoV-2 virus discovered in the UK has now been detected in seven Swiss cantons, according to the Federal Office of Public Health (FOPH), reported RTS.

According to RTS, Guy Parmelin, Switzerland’s president since 1 January 2021, told the newspaper SonntagsBlick, that between July and September the government underestimated the pandemic.

Over the 4 days to 4 January 2020, Switzerland’s Federal Office of Public Health (FOPH) reported  9,665 new cases and 189 deaths bringing Switzerland’s Covid-19 death toll to 7,831 (confirmed 7,271). 

On 19 December 2020, the French government advised against French residents travelling to Switzerland to ski and introduced rules that made returning difficult, including a requirement to show a negative Covid-19 test less than 72 hours old or to quarantine on arrival.

© Anne Laure Affre | Dreamstime.comThe rule covered all those entering France from the cantons of Graubünden, Jura, Neuchâtel, Uri, Valais and Vaud.

However, it was not initially clear who was affected by the rules.

The French consulat in Geneva has since clarified that the rule only applies to French residents returning to France from these Swiss cantons. Residents of Switzerland are therefore not included and can enter France without a negative Covid test.

More on this:Consulat website (in French) – Take a 5

Shortly after the UK announced it was struggling to contain a new faster spreading strain of the SARS-CoV-2 virus, the Swiss government announced a backdated 10-day quarantine requirement for UK arrivals. This affected hundreds of UK tourists already in the winter resort of Verbier.

Verbier, SwitzerlandAround 400 UK tourists, who had arrived after the retrospective 14 December 2020 quarantine cut off date, were staying the Swiss resort.

Hotels and chalets were contacted, and with the help of flight records, UK travellers were located and notified of the 10-day quarantine requirement.

However, many of the UK visitors broke quarantine and quietly left without checking out, contacting hotels later by telephone from outside the country, according to various reports. According to one

Restaurants and cafés will progressively close once more across French-speaking Switzerland starting in the canton of Jura on Tuesday 22 December 2020.

Following the discovery of a new, more contagious variant of the coronavirus in the UK and South Africa, the Federal Council today decided to take steps to prevent the further spread of this new virus strain.

Late on 20 December 2020, the Swiss government decided to suspend flights to Switzerland from the UK and South Africa following news of the discovery a new variant of SARS-CoV-2 virus.

An update to an antibody study conducted by HUG and UNIGE suggests that 22% of Geneva’s population had been exposed to the SARS-CoV-2 virus by December 2020.

Mistrust of vaccines against Covid-19 continues to rise in Switzerland, according to a recently published survey.

Speaking to broadcaster RTS, Swiss health minister Alain Berset said the pandemic was under control and that it currently made no sense to declare an extraordinary situation, a provision in Swiss law on managing infectious diseases that allows the Federal Council to take charge of the situation over and above cantonal governments.

Switzerland’s health system is rated highly by the public, according to the latest survey conducted in eleven countries by the Commonwealth Fund Foundation.

On 9 December 2020, Switzerland’s federal government adopted a change to the rules on healthcare to make vaccination against the SARS-CoV-2 virus free to the public.

Update: It appears rail connections between Italy and Switzerland will not be interrupted after Switzerland’s president and the Italian minister of transport spoke on Wednesday. Solutions have been identified to ensure compliance with Italy’s anti-COVID measures. Rail links are expected to gradually return to normal over the next few days, according to a report by RSI.

On 8 December 2020, Switzerland’s Federal Council announced it was considering further restrictions starting from 12 December 2020 and running until 20 January 2021.

Over the third quarter of 2020, home prices in Switzerland rose by an average of 0.2%. However, the prices of some homes rose while others fell.

The SARS-CoV-2 virus has hit French-speaking Switzerland harder than the rest of Switzerland both before and since summer.

Over the weekend, Switzerland averaged 3,250 new daily recorded cases (9,751 over 72 hours). This represents a significant drop from the daily peak of 10,128 cases reported on 5 November 2020.

Resistance to vaccinations is significant in Switzerland. A survey done in November 2020 suggests only 16% of the population would get vaccinated immediately if there was an approved Covid-19 vaccine, reported 20 Minutes.

This week, Switzerland’s federal government decided to increase aid money to Covid hit businesses to CHF 1 billion.

The coronavirus pandemic and its consequences rank at the top of the list of Swiss concerns in 2020, according to a recent survey.

Switzerland’s federal government has increased the amount of money earmarked for SARS-CoV-2 vaccines by CHF 100 million, bringing the total to CHF 400 million.

Public worker absenteeism in Geneva costs at least CHF 285 million, according to Heidi.news, which calculated the sum based on information contained in an internal document.

On Sunday 1 November 2020, Geneva’s government announced the canton would go into semi-lockdown.

On 3 November 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 6,216 new cases of SARS-CoV-2 infection over 24 hours, bringing the total to 182,303.

© Stefan Amer | Dreamstime.comThe number of tests over the last 24 hours was lower than last week. On Friday 30 October 2020, 38,211 tests were conducted with a positivity rate of 24%. Over the last 24 hours, 22,177 tests were conducted with a positivity rate of 28%. Lower test numbers and higher positivity suggest that the recent 24-hour figure could be missing significantly more actual cases than the numbers recorded over the weekend.

The number of Covid patients in Swiss hospitals continues to rise. Over the 72 hours to Monday, a daily average of 165 Covid patients were admitted to Swiss hospitals. Over the last

On 2 November 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 21,926 new cases of SARS-CoV-2 infection over 72 hours, bringing the total to 176,177.

On 28 October 2020, after a record number of 8,616 daily new cases of infection were reported, Switzerland’s federal government announced new measures to fight against the spread of Covid-19. These rules come into effect from Thursday 29 October 2020.

On 29 October 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 9,386 new cases of SARS-CoV-2 infection over 24 hours, bringing the total to 145,044.

On 28 October 2020, Switzerland’s federal government removed all but 6 nations/regions from its quarantine list, effective from 29 October 2020.

Levels of SARS-CoV-2 antibodies wane quite rapidly after infection, researchers from Imperial College London have found. The team, which measured SARS-CoV-2 antibody levels in 365,000 people between June and September saw a decline of 26% in the number testing positive for antibodies.

On 28 October 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 8,616 new cases of SARS-CoV-2 infection over 24 hours, bringing the total to 135,658.

Recent petitions from two groups of scientists clash over herd immunity. Тhe Great Barrington Declaration On 4 October 2020, three public health experts launched the “Great Barrington Declaration”, a petition calling on governments to protect the vulnerable and allow the young and healthy to live their lives without restrictions.

Numbers published today by the Federal Office of Public Health (FOPH) show a further 17,440 tested positive for the SARS-CoV-2 virus in Switzerland over 72 hours, a daily average of 5,813.

Land use is strictly governed in Switzerland. However, a new initiative, which aims to increase construction restrictions further, recently gathered enough signatures to qualify for a a popular vote.

On Sunday 25 October 2020, Geneva’s HUG hospital issued a call for volunteers as the number of Covid-19 patients rises rapidly. The hospital seeks medical, care and administrative volunteers to bolster and relieve their staff. In addition, they seek those who might have recently retired or who are on leave.

Today, Germany announced it had added Switzerland to its list of Covid-19 risk countries, effective from 24 October 2020. Until now only certain Swiss cantons were on Germany’s list.

There is an idea circulating that many of the positive PCR tests results for the SARS-CoV-2 virus in Switzerland are false, results which are known as false positives. However, according to experts interviewed by RTS, PCR test false positives are rare.

On 21 October 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 5,596, new cases of SARS-CoV-2 infection over 24 hours.

In Geneva, the number hospitalised with Covid-19 has reached 134, the highest it has been since the first wave in spring. On Friday 16 October 2020, there were 94 patients. This represents a jump of 43% in 3 days.

SARS-CoV-2 tests that give results in 15 minutes scored well on sensitivity, according to a study by Unisanté in Lausanne, Switzerland. The tests, which involve taking a sample of nasal secretions from the back of the nose and throat, test for a protein present in the virus.

On 16 October 2020, Switzerland’s Federal Office of Public Health (FOPH) reported 3,105 new cases of SARS-CoV-2 infection over 24 hours, bringing the reported weekly total to 14,054, a figure 135% higher than the week before.

On 18 October 2020, after an extraordinary meeting, Switzerland’s Federal Council announced masks would become mandatory across all of Switzerland. In addition, certain gatherings of more than 15 people are to be banned and employers are required to follow recommendations for staff to work from home.

Tough restrictions are absolutely necessary to save lives, the World Health Organization (WHO) warned, as a second Covid-19 wave emerges in Europe.

Only 4 out of the 16 masks sold in Switzerland that were tested passed all three tests conducted by a textile testing company, according to RTS.

In parts of Switzerland contact tracers can no longer cope with the rising numbers of cases, according the newspaper SonntagsZeitung. Contact tracers have the task of identifying who has been in contact with people testing positive for SARS-CoV-2, contacting those people and requesting they test and self isolate in order to break chains of infection.

On 14 October 2020, the Federal Office of Public Health (FOPH) reported 2,823 new cases of SARS-CoV-2 infection over 24 hours, a record number. In addition, FOPH reported 57 new Covid-19 hospital admissions and a further 8 deaths.

On 12 October 2020, the Federal Office of Public Health (FOPH) reported 4,068 new cases of SARS-CoV-2 infection over 72 hours. The latest 3-day infection figure is 2.6 times the number over the same period a week ago.

In July 2020, a group started gathering signatures to launch a public vote to ban Switzerland’s Covid-19 contact tracing app.

On 7 October 2020, the Federal Office of Public Health (FOPH) reported 1,077 new cases of SARS-CoV-2 infection over 24 hours.

At the end of 2018, there were 23,000 doctors in Switzerland, according to a recently published study. Overall, 41% of these doctors were women. Among doctors aged 60-64, the percentage was 28%. However, 62% of doctors under 40 were women, a figure which partly reflects the higher numbers of women graduating from Swiss universities.

Nearly 44% of renters surveyed said that coming up with the money pay rent is now harder than it was before Covid-19, according to ASLOCA, a renters’ association.

The number of recorded Covid-19 cases in Switzerland has declined over the last 12 days. Over the most recent 14 days, the number of recorded cases per 100,000 in Switzerland was 59, below the figure of 60 used by the Swiss health authorities to define a region as high risk.

Today, Switzerland’s Federal Office of Public Health (FOPH) added 18 regions to its compulsory quarantine list. Anyone arriving in Switzerland from these place from 28 September 2020 will be required by law to quarantine for 10 days.

As winter approaches the federal and cantonal governments of Switzerland are hoping a larger number of people than normal will get the seasonal flu jab as the spread of Covid-19 continues, according to RTS.

Around three quarters of the students at the hotel school of Lausanne (EHL) have been placed in quarantine after a number of students tested positive for SARS-CoV-2, reported RTS.

Compared to much of the world, confidence in the safety of vaccines is low in Switzerland, according to a recently published study. In 2015, only 30% of Swiss questioned strongly agreed that vaccines were safe, ranking it 133rd out of 149 nations in terms of confidence in vaccine safety.

The banned substance chlorothalonil, which is in some pesticides, has been found to be above the limit in 60% of ground water samples taken across the canton of Zurich over the last 12 months, reported SRF.

On 11 September 2020, Switzerland’s federal government announced that people entering Switzerland after spending time in regions next to the country’s national borders will be exempted from mandatory quarantine requirements should those regions end up with high rates of infection. Cross-border worker are already exempted from quarantine requirements.

According to RTS, a branch of the HFR hospital in the Swiss canton of Fribourg has reached full capacity after a rise in Covid-19 patients following an outbreak in a local nursing home.

On 7 September 2020, Switzerland added to its list of quarantine countries. People entering Switzerland from 55 nations must now quarantine for 10 days. On 7 September 2020, 10 nations were added to the list. These include Croatia, French Polynesia, Guyana, Lebanon, Libya, Paraguay, San Marino, Trinidad and Tobago, Ukraine, United Arab Emirates.

In Switzerland, over the three months following 31 May 2020, there have been 11,306 recorded cases of Covid-19 and 91 deaths, a case fatality rate (CFR) of 0.8%. However, up to this date there were 30,862 cases and 1,920 deaths, a CFR of 6.2%. Why has Switzerland’s CFR fallen so steeply?

On Saturday, around one thousand people took to the streets of Zurich to protest against government rules aimed at slowing the spread of the SARS-CoV-2 virus, according to RTS.

Travellers from Switzerland, Jamaica and Czech Republic who enter the UK from 4 am on Saturday 29 August 2020, must self-isolate for two weeks, the UK government announced this evening. The UK considers imposing quarantine when a country’s rate of infection exceeds 20 cases per 100,000 people over 7 days.

After protests in May 2020, an eclectic group of anti-corona protestors is planning to protest against vaccines, masks and other measures aimed at limiting the spread of the virus on 29 August 2020 in Zurich, according to the newspaper Le Matin.

A survey run by the Bern University of Applied Sciences on behalf of the trade union Travail suisse suggests a significant portion of Switzerland’s workforce does not want to be vaccinated against the SARS-CoV-2 virus, reports the newspaper 20 Minutes.

From 20 August 2020, people entering Switzerland from Andorra, Belgium, Monaco and 50 other nations must quarantine for 10 days. Switzerland’s Federal Office of Public Health (FOPH) recently added 11 places to its existing list of regions where there is an increased risk of SARS-CoV-2 infection.

Today, Switzerland’s Federal Office of Public Health (FOPH) announced 274 new recorded cases of SARS-CoV-2 infection over 24 hours. The last time Switzerland had a daily case number above this was on 19 April 2020 when 336 new cases were recorded.

After a number of recent studies that suggest pregnant women are exposed to higher risks from the SARS-CoV-2 virus, Switzerland’s Federal Office of Public Health (FOPH) adds them to the list of people vulnerable to Covid-19. The FOPH reached its recent conclusion based on discussions with the Swiss society of gynecology and obstetrics. The society sets out the findings of a number of studies in a report.

Switzerland has signed an agreement with the American company Moderna to buy 4.5 million doses of its Covid-19 vaccine, which is moving into phase 3 testing, according to the Federal Office of Public Health (FOPH).

In the seven days to 7 August 2020, the reported number of new SARS-CoV-2 infections recorded in Switzerland was 1037, roughly the same as the 1,078 cases recorded the week before. Over the weeks prior to this there were 772 and 692 new cases, according to worldinfometer.com.

Less than half of those returning to Switzerland from countries listed by the Swiss government as having a high risk of SARS-CoV-2 infection are complying with the quarantine rules set out in Switzerland’s Epidemic Act, according to an estimate by the NZZ newspaper.

A group in Switzerland has decided to launch a vote against Switzerland’s contact tracing app, an application designed to make it easier to know whether someone has been in contact with someone infected with the SARS-CoV-2 virus.

From 23 July 2020, people arriving in Switzerland from 42 nations must quarantine for 10 days. On 23 July 2020, the government added 15 nations to its existing list of nations where there is an increased risk of SARS-CoV-2 infection.

A recently published study by researchers at King’s College London shows SARS-CoV-2 antibodies fall to undetectable levels within 60 days in some patients. These findings potentially undermine the efficacy of vaccines aimed at triggering an antibody response, along with hopes of herd immunity.

In the seven days to 10 July 2020, the reported number of new SARS-CoV-2 infections recorded in Switzerland was 589, a similar number to the week before, when 615 new cases were recorded.

In 1999, Switzerland signed a deal with the EU allowing free movement of people between Switzerland and the bloc. The deal came into force in 2002. This led to a rise in immigration into Switzerland, which in turn eventually led to rising rents.

The number unemployed in Switzerland at 30 June 2020, fell 5,709 in June to 159,289, according to the State Secretariat for the Economy (SECO). Switzerland’s unemployment rate fell from 3.4% to 3.2%. However, despite improving on May 2020, the number unemployed was 53,067 (+54.6%) higher than at the end of June 2019.

On 1 July 2020, Switzerland’s federal government announced that it would become compulsory to wear masks on public transport from 6 July 2020. Due to the the growing number of people using public transport and a rise in the number of people testing positive for SARS-CoV-2 since mid-June, the Federal Council has decided to make it compulsory for those taking public transport to wear a mask.

As the events and decisions surrounding the spread of the SARS-CoV-2 virus become clearer, fingers are being pointed. A mass lawsuit targeting events in the Austrian resort of Ischgl is looming, according to Bloomberg. Could similar legal action spread to Swiss resorts?

On 19 June 2020, Switzerland’s extraordinary state in relation to the SARS-CoV-2 pandemic ended. This was accompanied by further easing of restrictions aimed at reducing the spread of the virus. Hand washing, maintaining social distance and mask wearing are the three golden rules that remain, according to Swiss president Simonetta Sommaruga.

On 25 June 2020, Switzerland’s contact tracing app, known as SwissCovid, became available for download. Created by a group of specialists at EPFL led by Marcel Salathé, a professor of digital epidemiology, the app allows chains of infection to be traced by informing people if they have been in contact with anyone infected. Countries, like South Korea, that have done a good job of this have been able to quickly isolate infected people and halt the spread of the virus.

The Swiss authorities should have been more open about what they did and didn’t know about the SARS-CoV-2 virus in the early stages, according to Bertrand Kiefer, doctor, ethicist and editor of the Swiss Medical Review.

A trial at Oxford University suggests an existing low cost drug can cut the risk of death from Covid-19 substantially. Tests involving 6,000 hospitalised Covid-19 patients suggest the drug can cut the risk of death for those on ventilators from 40% to 28%. For patients needing oxygen the risk of death could be cut from 25% to 20%.

Those with mild Covid-19 symptoms are supposed to recover after two weeks. However, a rising number of relatively young people with mild cases report symptoms months later. Johns Hopkins Medicine says that those with mild cases of COVID-19 appear to recover within one to two weeks. For severe cases, recovery may take six weeks or more.

Switzerland’s federal government is against imposing nationwide restrictions to slow the spread of a second wave on infections, according to the NZZ am Sonntag newspaper. The federal government plan, which is under development, is more regional than the response to the first wave of infections and focuses decision making power at the cantonal level, reported the newspaper.

A recently published update to the ongoing study in Geneva to assess the extent of SARS-CoV-2 infection suggests 10.8% of the population may have been infected in the first wave of infections. The study, which tests a sample of the population over time for IgG SARS-CoV-2 antibodies, started in early April 2020. The latest figures come from the fifth week of testing, which was concluded on 9 May 2020. 

A majority of Switzerland’s parliament voted in favour of introducing a tax on flights departing from Switzerland. 132 voted in favour of the tax, with 65 against. The tax would range from CHF 30 to CHF 120 depending on the distance and class of travel, according to 20 Minutes.

The World Health Organization (WHO) recently changed its advice on face masks. It now recommends healthy people wear them in public when social distancing is not possible, stating that they could provide a barrier for potentially infectious droplets.

Switzerland recently announced that it will lift existing entry restrictions with all EU and EFTA nations and the UK on 15 June 2020. In mid-May the Swiss government announced plans to fully reopen borders with France, Germany and Austria. On 2 June 2020, it decided to hold off on a full reopening of borders with Italy despite Italy’s decision to fully reopen its borders with Switzerland on 3 June 2020.

Over two days last week, Thailand reported a score of new coronavirus cases. All were Thai nationals returning by air from the Middle East. Otherwise, there have been almost no new community or ‘inside country’ cases since mid-May.

Switzerland’s Federal Council announced on June 2 that it plans to maintain border restrictions with Italy until further notice as a reciprocal border arrangement with Italy would be premature.

Based on data from the first wave of Covid-19, epidemic modellers in Zurich estimate Switzerland would have suffered 22,000 deaths without the restrictions on daily life introduced in March 2020.

2.1% of the 100,000 hospital staff working across 20 Swiss hospitals were infected with SARS-COV-2, according to a report published in the SonntagsZeitung.

The number of daily new cases has remained low in Switzerland throughout May. The highest number of new cases over this period was recorded on 1 May (119). The latest daily number, published on 29 May, was 31 new daily cases. Since the beginning of May the number has been as low as 10.

Over the last week there have been an average of 15 new SARS-CoV-2 cases a day. The first confirmed case in Switzerland was recorded on 24 February 2020. In the week that followed the number of new daily infections rose to 31. Another week later the number of new daily cases was 192.

Working from home is a mixed bag of pros and cons for most Swiss who were surveyed by gfs.bern in March and April 2020. But it worked for most. In 2019, before the outbreak of the corona pandemic, around 1.1 million employees in Switzerland occasionally worked from home.

In Switzerland, the finances of hospitals are similar to those of a business. If revenues fall, as they did during the coronavirus pandemic, profits can turn into losses.

More than two thirds are in favour of making masks compulsory on Switzerland’s public suggests a survey run by Tamedia, according to the newspaper Le Matin.

Italy is preparing to reopen its borders with the rest of Europe, according to the newspaper La Repubblica. A draft law on new rules was published on 15 May 2020 by the Italian Council of Ministers. It provides for the possibility of allowing entry to Italy from 3 June 2020 without requiring those arriving from certain countries to quarantine for 14 days. The countries include EU nations and Schengen members, including Switzerland and Monaco.

On 13 May 2020, Switzerland’s government published more information on the Swiss Proximity Tracing App (Swiss PT), an app designed to slow the spread of SARS-CoV-2. Developed by teams at EPFL and ETHZ, the app uses Bluetooth to detect when your phone comes within two metres of another phone or device with the app. It then records the contact as an anonymous key and the duration of contact, flagging any close contact longer than 15 minutes.

As Switzerland reopens, the details around how SARS-CoV-2 spreads becomes more relevant to everyday life. Matthias Egger, the head of Switzerland’s Covid-19 task force, stresses the importance of continuing to follow social distancing and hygiene rules.

The unemployment rate in Switzerland rose to 3.3% in April 2020, up from 2.9% the month before, a rise of nearly 14%. By 30 April 2020, there were 153,413 people registered as unemployed at Switzerland’s regional placement offices. Young workers were the hardest hit. Unemployment among those aged 15 to 24 rose by 18.1% compared to March 2020 and by 61.3% compared to April 2019.

In Switzerland, around 3% of medical staff have been infected with Covid-19, based on data covering the period up until Easter, according to Switzerland’s Federal Office of Public Health.

On 29 April 2020, Switzerland’s government announced plans to allow schools and other establishments to reopen on Monday 11 May 2020. From 11 May 2020, shops, restaurants, markets, museums, libraries, primary and lower secondary schools and sports training centres will be allowed to reopen. In addition, public transport will operate according to the standard timetable, announced the government.

A study done by researchers at Geneva’s HUG hospital suggests a Covid-19 infection rate of 5.5% across the canton of Geneva. Antibody blood tests, run on a randomly selected sample of the canton’s population, suggest around 27,000 might have been infected by the virus, a number 5.7 times the official count of 4,733 recorded on 24 April 2020.

As Switzerland moves towards easing Covid-19 social restrictions, some fear the virus will get away again. A key part of containing the spread is testing. One way to evaluate how comprehensive testing is is to look at positivity, the percentage of tests that are positive. 

Switzerland’s Covid-19 death rate has been lower than much of the rest of Europe. A lower infection rate among older people appears to be one reason. The rates of deaths among those either recovering or dying have been particularly high in Belgium (40%), France (34%) and Italy (31%).

By 14 April 2020, a total 25,936 cases of Covid-19 infection had been recorded in Switzerland, a rise of 3,683 over the preceding 7 days. However, despite the continued rise in cases there are indications measures to slowdown the spread of the virus are working.

The number of new recorded Covid-19 cases is slowing in Switzerland. By 8 April 2020 the total number of recorded cases was 23,574 according to Switzerland’s health authority.

While there is currently no scientifically proven link between anosmia (loss of smell) and Covid-19, more and more experts are saying the symptom is a strong indicator. Gilbert Greub, head of the microbiology department at the CHUV hospital in Lausanne, is one such expert. “Given the widespread Covid-19 epidemic, I think that everyone who has a problem tasting or a problem smelling has a very high likelihood of testing positive and should be tested.

By 31 March 2020, there were around 326 Covid-19 patients in intensive care and 228 on ventilators in Switzerland. It is estimated that there are around 750 ventilators across the country. If the health system reaches overload, medical professionals in Switzerland might be forced to make the kinds of difficult decisions being made in neighbouring France and Italy.

This morning, Switzerland’s federal government announced the number of Covid-19 tests conducted so far in Switzerland. South Korea, a nation often cited among those with high test rates, now trails Switzerland on the number per capita tests it has conducted.

Naturally, many of us would like to know the fatality rate of Covid-19. But at this stage it is guesswork. Here are some of the problems with two of the most popular fatality rates. The most popular calculation involves dividing the number deaths by the number of cases. Epidemiologists call this a naive case fatality rate (CFR). There are two ways to calculate this rate.

Coronavirus testing has been rationed in Switzerland, reserving it for high risk more severe cases, although doctors retain discretion to have anyone tested. It is likely those that have been infected and have recovered will have immunity and no longer be able to act as carriers of the disease.

Lombardy, the region in northern Italy where the coronavirus outbreak first took off in Europe, now has fewer per capita cases testing positive for the virus than some Swiss cantons. Recent data from Italy show there were 179 cases per 100,000 in Lombardy. In Ticino, Switzerland’s worst affected canton, there were 329 cases per 100,000. Geneva (231) and Vaud (211) had Switzerland’s next highest rates.

COVID-19 has hit the world fast and we are racing to understand it, while struggling to come to terms with its deadly impact. When trying to estimate the impact, it is tempting to take the current number of deaths and divide it by the number of reported cases. However, the resulting percentage is meaningless.

At a press conference at 5pm on 16 March 2020, members of the Federal Council presented a list of further restrictions designed to slow the spread of the Covid-19 virus, that will become active from midnight tonight. A video of the conference can be viewed below.

Ibuprofen belongs to a family of drugs known as non-steroidal anti-inflammatory drugs. On 14 March 2020, Olivier Véran, France’s health minister Tweeted that taking anti-inflammatory medicine “could be an aggravating factor” for those infected with Covid-19, and recommended paracetamol for those with a fever.

One of the biggest challenges during the coronavirus outbreak will be ensuring there are enough qualified staff and equipment to keep the worst affected patients alive. Thierry Fumeaux, head of the Swiss Society of Intensive Medicine, told RTS there are 82 intensive care units (ICU) across Switzerland. These have a combined 850 places, of which 750 are equipped with breathing equipment. It is not clear how many of these places are currently available.

Today, according to the Federal Office of Public Health (FOPH), there were 815 confirmed cases in Switzerland. There are obvious challenges to this figure. Possibly the most important is the time lag between infection and a confirmed case.

The coronavirus has claimed its fourth victim in Switzerland. A 54 year old man died yesterday in Binningen hospital in the canton of Basel-Landschaft, according to the Federal Office of Public Health (FOPH).

Switzerland’s government and health officials presented a coronavirus update yesterday. Key elements of the presentation are set out below. The full coronavirus press update can be viewed above in German.

In 2019, the Swiss National Bank (SNB) made a profit of around CHF 49 billion. These profits came mainly from the rising value of the assets on the bank’s balance sheet. In 2019, the value of its holdings of foreign currency and gold rose substantially. When combined with interest, dividend income and gains on shares total profits for the year were CHF 49 billion.

Every three months the rate of interest used to benchmark Swiss rents is reviewed. If it goes down some renters have the right to request a decrease in rent. This time the reference rate fell from 1.50% to 1.25%.
The last time it dropped was 2 June 2017 when it fell to 1.5%. The rate is based on the average Swiss mortgage rate over three months.

Recently, the government of Portugal said it was looking at introducing a tax on foreigners residing in the country on special tax holidays, according to the magazine Bilan. Currently, foreigners moving to Portugal who spend at least 180 days a year in the country pay no income tax for a period of 10 years under a scheme that was launched 11 years ago.

In 2018, the percentage of the population in Switzerland living below the poverty line fell from 8.2% (2017) to 7.9%, returning to the same level as it was in 2010. Most affected by poverty were those aged under 18 (9.6%) and those aged over 64 (13.7%).

A Swiss parliamentary commission, tasked with looking at the introduction of an environmental tax on flights departing from Switzerland, recently voted in favour a such a tax. A majority of 17 to 8 members voted in favour of the move. The tax would range from CHF 30 to CHF 120 per passenger depending on flight distance and class.

According to provisional calculations, the Swiss National Bank (SNB) expects to make a profit of around CHF 49 billion in 2019. Most of this comes from the rising value of the SNB’s foreign currency positions (+CHF 40 billion) and a valuation gain on gold holdings (+CHF 6.9 billion).

Facebook’s plan to launch its digital currency Libra is unlikely to succeed Ueli Maurer, Switzerland’s president, told SRF. Maurer doesn’t think central banks will accept the basket of currencies underpinning the cryptocurrency. “The project, in this form, has thus failed” he said.

From 1 January 2020, it will be much easier for Switzerland’s 38,000 federal government employees to get paid for working on the train, according to the newspaper Tages-Anzeiger. Until the beginning of this year, working on the train on the way to and from work was only rewarded in exceptional instances and even then it was only partially counted.

In December last year, the Observatoire statistique transfrontalier published unemployment figures for the French region surrounding Geneva. French unemployment calculations follow the method used by the International Labour Organisation (ILO), which include all job seekers, according to Tribune de Genève.

In 2018, the number of people receiving social welfare in Switzerland fell from 278,300, or 3.3% of the population, to 272,700, 3.2% of the population. The last time the number fell was in 2008 when it dropped from 3.1% (233,500) to 2.9% (222,600) of the population.

Recently published data shows how prices compare across Europe. The data, collected by Eurostat, compares prices across a number of categories of spending in 2018. Average prices across the EU-28 are used as a base.

In 2017, an average Swiss resident visited a medical professional 4.32 times, according to data recently published by Eurostat. Only residents of Denmark (4.30), Sweden (2.77) and Cyprus (2.09) went to see a doctor less often. The average number of visits across those European countries with 2017 data was 6.84.

Imagine borrowing CHF 105,500 but only having to repay CHF 100,000 in 20 years time, including interest. You’d get an interest free loan plus an extra CHF 5,500 to keep. This is what the Swiss federal government will do on 20 December 2019, except it will borrow CHF 196.6 million by issuing zero interest bonds at a price of 105.5%. The government will generate a CHF 10.25 million windfall.

Swiss prices fell by 0.1% in November 2019, the sixth time in 12 months. But not everything is cheaper. Prices fell in December 2018 (-0.3%), January 2019 (-0.3), July (-0.5), September (-0.1), October (-0.2%) and November 2019 (-0.1). When combined with the low inflation experienced in the other 6 months the 12-month price drop is -0.1%.

Swiss import duties on a number of industrial products might disappear if a plan put forward by Guy Parmelin, Switzerland’s economic’s minister, is approved by the National Council, Switzerland’s parliament. The changes are expected to benefit businesses and consumers by around CHF 860 million a year. On the other hand, the government will miss out on collecting roughly CHF 500 million a year of revenue from import duties.

At 30 September 2019, Switzerland had 79,000 job vacancies and 225,000 unemployed workers. This combination of unemployment and job vacancies can largely be explained by two things. The first is frictional unemployment, the period spent in between jobs. This typically increases when there is a lot of job changing. The second is a skills mismatch. Employers cannot find the skills they need among those seeking work.

Around one hospital in ten in Switzerland could end up in financial difficultly, according to a report by PWC. In addition, 37 of the 44 hospitals surveyed will not be profitable enough to remain competitive over the next five to ten years, predict the authors of the report.

Unemployment rose in the third quarter of 2019, however, there have never been more jobs in Switzerland. The total number of jobs in Switzerland rose to 5.137 million at 30 September 2019, a level never seen before. The figure was 1.3% higher than at 30 September 2018 and 0.3% higher than 30 June 2019.

At its meeting on 27 November 2019, the Federal Council set out its plan for the refund of value-added tax (VAT) on Switzerland’s radio and television licence, formerly known as Billag. Between 2010 and 2015, VAT was charged on Swiss television and radio licences.

The amount of money paid by “rich” cantons to “poor” ones will rise by CHF 61 million to CHF 5.3 billion in 2020, according to a recent government press release. The only French-speaking canton paying will be Geneva. All of the rest will see the sums they receive rise compared to 2019. In 2020, Geneva will pay CHF 275 million, down slightly from the CHF 300 million it paid in 2019.

Switzerland’s Federal Office of Public Health (FOPH) recently announced it had reduced the price Swiss healthcare providers and patients will pay for 257 drugs by 16.3%. These lower prices, which take affect on 1 December 2019, are expected to save CHF 100 million annually.

According to a recent report by the bank Credit Suisse, the Swiss are worth more on average than the residents of any other nation. The bank’s annual Global Wealth Report calculates average net worth per Swiss adult to be US$ 564,653 (CHF 560,643) at mid-2019. The median figure was US$ 227,891 (CHF 226,273).

Switzerland’s government has long discussed the importance of raising the retirement age to ensure the financial viability of the pension system. However, it is not clear whether voters would support such a plan. According to a survey by Deloitte, an accounting and consulting company, raising the official retirement age might not find majority support among Swiss voters. Some groups are firmly against the idea.

An initiative demanding a ban on tobacco advertising has collected 109,969 valid signatures, more than the 100,000 minimum required to launch a popular vote, according to RTS. The planned vote entitled: “Yes to the protection of children and young people against tobacco advertising” demands the federal government ban all forms of tobacco advertising towards children and young people.

In Switzerland, some married couples pay more tax than unmarried ones, something referred to as the marriage tax penalty. The issue has been doing the rounds of the halls of Switzerland’s government for around 30 years. On 28 February 2016, a vote to change the current system was narrowly rejected by 50.8% of voters.

The Swiss canton of Vaud has managed to balance its 2020 budget with a small surplus of 76,000 francs. This is the 14th time in row that the canton’s budget has been in the black. At the same time planned spending is up by 2.43%, well ahead of Swiss inflation – prices were lower in September 2019 than they were in September 2018.

The number of people with debts in default continues to rise in Switzerland. At the end of July 2019, 561,000 people, 6.5% of the population, were unable to service their debts according to the price comparison website comparis.ch. The figures, based on data from the credit analysis company CRIF include those who have failed to make repayments and are being pursued by creditors or have declared bankruptcy.

Every year, Switzerland’s Federal Office of Public Health (FOPH) gives projections of compulsory health insurance premiums for the coming year. After years of rising premiums, many will be relieved by the small projected increases for 2020. Across all of Switzerland, the average premium is expected to rise 0.2% to CHF 315.40 a month.

Next year the canton of Geneva plans to spend CHF 9,143 million. However, forecast revenue is only CHF 8,553 million, leaving a shortfall of CHF 590 million, according to a cantonal government press release. The canton’s finances have been hit hard from both sides.

Switzerland’s government been grappling with the politics of extending universal tax-funded parental leave for a number of years. Some are pushing for paternity leave for fathers and others for a shared pool of parental leave, which mums and dads can apportion.

Health care in Switzerland is funded by a mixture of taxes and health insurance premiums. Much of the insurance premiums paid are compulsory with no discounts offered to non-smokers. According to figures recently published by the Swiss association for smoking, the annual direct medical costs of smoking are CHF 3 billion (2015), or CHF 350 per person.

Recent figures show an annual 4.2% rise in the number of vacant homes in Switzerland, extending a trend that started 10 years ago, according to the Federal Statistical Office. At the start of June 2019, there were 75,323 vacant homes, representing 1.66% of Switzerland’s total stock of homes.

The note’s design is inspired by Switzerland’s tradition of humanitarianism, represented on the note by water. The note remains blue but is much smaller than the existing one, making it easier to fit into wallets.

A majority of the candidates putting themselves forward for election as federal parliamentarians on 20 October 2019 favour raising Switzerland’s retirement age to 67, according to a survey done by Smartvote and reported in the newspaper NZZ am Sonntag.

A deal agreed between EFTA and the South American Mercosur bloc, which includes Argentina, Brazil, Uruguay and Paraguay, with a combined population of 260 million, is close to signing. EFTA includes Iceland, Liechtenstein, Norway, and Switzerland. Under the deal, 95% of Switzerland’s CHF 3.6 million annual exports to the bloc would be tarif free.

In the second quarter of 2019, the percentage of Switzerland’s population working rose by 1.1% and the percentage unemployed fell to 4.2%, based on the higher International Labour Organisation’s (ILO) measure. In the second quarter of 2019, 5.1 million people were working in Switzerland, 60% of the population. The number working rose 1.1% compared to the previous year, particularly among women (+2.0%).

Swiss healthcare is typically ranked the world’s second most expensive, as a percentage of GDP, after the US. In Switzerland, compulsory health insurance premiums cover 37% of healthcare costs. Much of the rest is covered by tax payers and non-reimbursable out-of-pocket payments by individuals.

In a recent comparison of taxi fares across Europe, Geneva and Zurich were the most expensive. In the study, which focused on the total cost of a taxi journey from the airport to the centre of town, Geneva (€36 – CHF40) and Zurich (€63 – CHF70) fared better than Milan (€105) and London (€104), which had the highest total journey costs. However, this is only because Zurich and Geneva airports are close to the city centre.

Yesterday, the Swiss franc reached its highest level against the euro in two years. The EUR/CHF exchange rate reached 1.097 on 24 July 2019, a rate not seen since early 2017. Upward pressure on the franc is partly being driven by expectations of interest rate cuts by eurozone and US central banks. In addition, the franc is considered a safe haven currency and typically rises when global risk perceptions rise.

The website homegate.ch has compiled data on rental prices in Zurich, Basel, Bern and Geneva over the last two years. The data shows how rents have risen in these cities and presents them on maps showing prices rises by suburb in each of these cities.

The Swiss government has been looking at measures to shore up the finances of Switzerland’s pension system for some time. The difference between the official retirement age for women (64) and men (65) is an obvious target.

In Switzerland, the revenue poverty line is income of CHF 27,108 (US$ 27,490) a year for someone living alone and CHF 47,880 (US$ 48,550) for a family of four. In 2017, the percentage of Switzerland’s population living below the poverty line was 8.2% or 675,000 people. In 2016, the percentage was 7.6%.

In 2019, Switzerland came top overall in a ranking of destinations for expatriates to live and work, moving up from eighth last year. Singapore, which had held the top spot for four years in the HSBC’s list of the best countries for expatriates, dropped to second place.

One idea for containing rising healthcare costs was to remove the possibility of changing health insurance deductibles every year, making it possible only every three years. If people are able to switch from high to low deductibles annually then they can save money by opting for a high deductible one year, while postponing visits to the doctor until the following year when they opt for a low one.

On average, renting a 4.5 room apartment of 100 to 110 m2 costs CHF 3,820 a month in Geneva. The same apartment in the Swiss city of St. Gallen costs CHF 2,004, 52% of the price, according to a report on rents in Switzerland’s ten main cities by the price comparison website Comparis. For an apartment of this size, Geneva (3,820) is the most expensive, followed by Zurich (3,073), Lausanne (2,850), Basel (2,660), Bern (2,600), Luzern (2,430), Winterthur (2,400), Lugano (2.110), Biel (2,050) and St. Gallen (2,004).

In 2016, before the effects of taxes and welfare, the highest earning 20% of Swiss households made on average 40.8 times what an average household in the bottom 20 percent made, an inequality measure known as the S80/S20. However, after taxes and welfare, including low income support, health insurance subsidies, pensions and disability benefits, the same income ratio fell to 4.4.

Comparing 2018 to 2012, thefts in Switzerland fell by nearly half, according to the Federal Statistical Office. In 2012, there were a record 219,000 thefts recorded in Switzerland. By 2018, the figure had fallen to 112,000, a drop of 49%.

Since 1 January 2019, companies abroad making more than CHF 100,000 in revenue must charge Swiss VAT on sales made to anyone in Switzerland. Now the Swiss government has decided to take aim at online platforms such as Aliexpress and Wish, according to the broadcaster RTS.

Today, Switzerland’s parliament decided to bring in a system of regular increases in the deductibles for basic compulsory Swiss health insurance, according to the newspaper Le Matin. However, a plan to raise the the minimum deductible to CHF 500 was rejected by a clear majority.

Strolling through the pasta aisle of a Swiss supermarket, someone new to Switzerland might conclude that the locals prefer egg pasta over the eggless variety. And, while that might to some extent be true, there is another reason.

Recently published data show that close to 60% of households in Switzerland rented their home at an average cost of CHF 1,329 per month in 2017. Average monthly rents ranged from CHF 752 for a studio up to CHF 2,323 for 6 rooms or more.

There are various ways to measure unemployment. Switzerland’s standard measure looks at the number of people registered with unemployment offices across the country. By this measure Switzerland’s unemployment recently reached a 10 year low of 2.6%. Today, another unemployment measure was published. It shows a 0.1% increase in unemployment over the fourth quarter of 2018 to 4.6% or 227,000 people.

In October 2018, government number crunchers revised Switzerland’s federal forecast budget surplus up from CHF 0.3 billion to CHF 2.5 billion. Today, Bern announced that provisional calculations for 2018 now show a surplus of CHF 2.9 billion, CHF 0.4 billion more than last year’s revised figure. The increase was driven by strict spending discipline and higher than expected receipts, according to the press release.

Either at work, at a restaurant, on public transport or in a shop, nearly half of Swiss admit to stealing, according to a survey by moneyland.ch. 49% of the 1,500 questioned in the survey admitted to pocketing something without paying.

A recent survey suggests that half of Swiss residents are satisfied with their financial situation. 6% said they have trouble making ends meet. In addition, 28% expect their finances to improve in 2019. Fewer women (25%) are optimistic than men (33%). 18% expect their finances to worsen and 54% expect no change.

Switzerland’s unemployment rate, now 2.6%, hasn’t been so low for 10 years, according to the latest figures from Switzerland’s State Secretariat for Economic Affairs (SECO). A weakening of the Swiss franc helped boost Switzerland’s economic growth, creating more jobs.

Reaching the official retirement age1 is an important milestone for many people. Some look forward to it while others dread it. Some dreading it would prefer to continue working either because they enjoy their work or would like the extra income. Some feel they are being systematically and unfairly labelled too old to work.

In 2016, Switzerland’s government decided to tighten the VAT exemption on imported purchases, a move that affects most online orders from foreign retailers. The new rules took effect on 1 January 2019 – they were originally planned for 1 January 2018 but systems and processes were not ready.

Since the beginning of December 2018 more and more counterfeit 100 Swiss franc notes have been appearing in the Swiss canton of Valais in and around Sion and Conthey. The fake notes, which the local Police say can be spotted if compared to real ones, have been making their way into circulation via shopping centres, kiosks and service stations in the Sion and Conthey region.

Every three months the rate of interest used to set Swiss rents is reviewed. If it goes down some renters have the right to request a decrease in rent. This time it remained at 1.50%. The last time it dropped was 2 June 2017 when it fell to 1.5%, its lowest level since 2008.

This week, Switzerland’s Federal Council decided the planned electronic motorway vignette will be optional. Drivers will be able to choose. Anyone wanting to drive on Switzerland’s motorway network must first buy a vignette, a road tax sticker introduced in 1985, which must be displayed on the windscreen. It currently costs CHF 40.

Switzerland’s unemployment benefits might be generous but they are strictly policed, as one recipient recently discovered. For a period of up to approximately two years after losing a job, most workers in Switzerland receive 70% of their former salary up to a maximum of CHF 88,200 a year – the amount paid varies depending on circumstances1.

After a referendum in March 2018 threatened to axe Switzerland’s costly broadcasting fee, the government put forward a counter proposal, which was adopted when 71.6% of voters voted to keep the fee. On 1 January 2019, the lower fee contained in the government’s plan will come into force. Next year, instead of CHF 451, each household will need to cough up CHF 365.

On 25 November 2018, Swiss will vote on whether to accept laws allowing detectives to uncover welfare fraud. Currently, there is nothing specific in Swiss law covering the practice. In the past, investigators have been used to gather evidence on disability and accident beneficiaries. Between 2009 and 2016, detectives were used on around 220 investigations a year, of which around two thirds were found guilty of fraud.

By 2017, 40.5% of those married in 1987 were divorced, compared to 33.2% of those married in 1977 and 24.7% of those married in 1967. Divorce in Switzerland starts early. 9.4% of those married in 1987 were divorced after five years, as were 8.1% of those married in 1977 and 4.8% of those who tied the knot in 1967.

More bad news for Swiss household budgets was released today for residents of all but three Swiss cantons. Health insurance premiums in 2019 will be on average 1.2% higher than in 2018 across Switzerland as a whole. However, within this figure there are significant cantonal variations.

Recent government figures show a 13% rise in the number of vacant homes over the 12 months to June 2018. The number has more than doubled since 2009 when there were close to 35,000 vacant dwellings. By 1 June 2018, there were more than 72,000, a vacancy rate of 1.62%.

Starting in September 2018, health insurance premiums in excess of 12% of income in the canton of Vaud will be covered by the government. From the beginning of 2019, this percentage will be reduced to 10%, increasing the number of people who qualify and the size of the subsidies, according to the newspaper Le Matin.

Currently, home owners in Switzerland must pay tax on fictional rent, calculated based on a home’s size and location. At the same time home owners get to deduct mortgage interest and home maintenance costs from their taxable income.

This week, a government commission gave its verdict on the vote, recommending two weeks of paternity leave instead of the four set out in the referendum’s text. Their commission’s main concerns are centred on the impact on companies and the cost of funding it.

Switzerland began updating its notes starting with the 50 franc note in April 2016. It then issued the new 20 franc note in May 2017, and the new 10 in October 2017. The newest note to grace Swiss wallets, pockets and purses is the 200 franc note, which was launched on 22 August 2018.

Swiss health insurance companies are aiming to change laws to make it easier for them to unilaterally end complementary insurance contracts, according to the newspaper Le Matin.

An initiative entitled: zero losses, was filed this week in Geneva. It aims to ring fence current public spending in the face of future company tax reform. The initiative gathered 9,147 signatures, more than the 7,840 required.

In Switzerland, the official retirement age for women is 64, a year earlier than it is for men. A poll by gfs.bern shows that around two thirds are in favour of raising the retirement age of women to 65. Only 16% are against the idea, with a further 18% somewhat against it. Men (78%) are more in favour of the change than women (54%), according to the newspaper 20 Minutes.

With TV recording there’s no need to miss programmes just because they’re on at the wrong time. And, when it’s time to watch them, it’s easy to fast forward through the adverts, something that can’t be done when watching live. In Switzerland, television recording is offered by big distributers, such as Swisscom, Sunrise and UPC. Broadcasters don’t provide it.

Historically, Switzerland has offered certain foreign companies special preferential tax deals in order to attract them. In response to international pressure, the current system is to be phased out replacing preferential tax rates with lower universal ones in the hope that these companies will stay.

In Switzerland, much in life revolves around the canton. Cantons have their own health, social and education systems, parliaments and tax rates. Federal government, based in Bern, is a layer that sits over the top, bringing the cantons together as Switzerland.

A report by The Boston Consulting Group highlights the size of Switzerland’s personal offshore wealth management sector. Total personal offshore wealth grew by 6% to reach US$8.2 trillion in 2017. US$2.3 trillion (28%) of this was managed in Switzerland. The top three offshore centres: Switzerland ($2.3 trillion), Hong Kong ($1.1 trillion) and Singapore ($0.9 trillion) made up more than half (52%) of the total.

The residents of Vaud are among the highest taxed in Switzerland. In 2016, a single person in Lausanne earning CHF 100,000 paid CHF 16,050 in cantonal and communal tax on top of CHF 1,840 of federal tax. This was the fourth highest across all of Switzerland’s 26 cantonal capitals, and almost triple Zug, the lowest, where the figure was CHF 5,750 – see chart below.

Against the wishes of the Federal Council, Switzerland’s upper house, the Council of States, rejected a plan to prevent people from withdrawing lump sums from their 2nd Pillar pensions, according to the newspaper Tribune de Genève. Last week, the Council of States voted 25 to 15 to reject the plan.

Every three months the rate of interest used to set Swiss rents is reviewed. If it goes down some renters have the right to request a decrease in rent. This time it remained at 1.50%. The last time it dropped was 1 June 2017 when it fell to its lowest level since 2008.

A recent report published by UBS shows real estate price changes in european mountain resorts. Over the last year, Verbier (-3.2%) and Crans Montana (-3.0%) experienced the largest price declines, while Saas Fee (+14.3%) and St. Moritz (+7.4%) climbed the most.

Switzerland’s government is working hard to find ways to fix a looming state pension shortfall. Two politicians in the canton of Fribourg have decided to seek savings by attempting to cut lifetime government pensions granted after short stints in the job, according to the newspaper 20 Minutes.

Sometimes Swiss voters are presented with questions that only specialists are equipped to answer. The vote on 10 June 2018 to change their monetary system appears to be one of these. On the surface it appears simple. Upon closer inspection it contains much complexity and uncertainty, compounded by a widespread misunderstanding of how the financial system works – banks do not act simply as intermediaries, lending out the deposits that savers place with them, nor do they multiply central bank money.

Swiss Rail has dropped plans to install Wi-Fi in its trains, according to the newspaper Le Matin. After a survey revealed that customers would only use on-board Wi-Fi it was free, the company decided there was no justifiable way to cover the cost, according the the newspaper. Swiss Rail is not prepared to bear the costs the mobile operators would charge them for the service and cannot not justify adding the cost to ticket prices.

By January 2018, the number receiving disability welfare in Switzerland had dropped to 217,200, 40,300 fewer than in 2006 when the number reached a record 257,500. Switzerland’s Federal Social Insurance Office (FSIO) attributes the reduction to an occupational rehabilitation programme started in 2008, and disability welfare fraud investigations.

Switzerland’s Federal Council, or cabinet, plans to increase the maximum annual deduction for child care costs to CHF 25,000 per child, up from CHF 12,100. This would allow parents to deduct up to this amount from their income for federal tax purposes but would not affect canton and commune taxes. Deductions could not exceed the amount spent.

In collaboration with the Swiss union Unia, Switzerland’s Young Socialists have launched a protest against the exploitation of interns. To get on the career ladder, many young people feel compelled to take internships offering little or no pay. The Young Socialists are demanding interns be better paid. Recent data from the Federal Statistical Office shows that 23% of young workers (15-24) are on short-term contracts, 41% of them interns.

Switzerland has the world’s most expensive meat according to a survey compiled by Caterwings in Germany. The survey, which looks at meat prices in 52 countries, ranks Swiss prices at the top across all meat categories. On average, Swiss shoppers pay 142% more than the average across all meat categories.

This week, ch-direct, an association of public transport providers that sets ticket prices, announced there would be no ticket price rises in 2019. Instead the prices of some tickets will fall slightly on 1 June 2018. The price small cuts on standard fares in June relate to the shift from 8.0% to 7.7% VAT at the beginning of the year.

The cantons of Neuchâtel (14.7%) and Geneva (14.6%) have the highest percentages of taxpayers owing money, according to the newspaper SonntagsBlick. Fribourg (12.6%), Bern (9.5%) and Luzern (6.5%) complete the top-five. Vaud (5.9%), Basel-City (5.5%) and Zurich (2.4%) are further down. Aargau (2.0%) and Uri (1.0%) sit at the bottom with fewest with oustanding tax payments.

Statistics published today show a further rise in Swiss healthcare costs. In 2016, spending on healthcare rose by 3.8% reaching over CHF 80 billion, 12.2% of GDP. In 2015, Swiss healthcare spending was equal to 11.9% of GDP. The challenge of rising healthcare costs is not confined to Switzerland. In the UK in 2015, healthcare costs rose 3.6% to reach 9.9% of GDP.

Philomena Colatrella, the CEO of Swiss insurer CSS Insurance, has stirred the lively debate around Switzerland’s rising cost of health insurance by proposing deductibles of CHF 5,000 and CHF 10,000 – deductibles set the amount people pay out of their own pockets before their insurance kicks in.

In some parts of Switzerland welfare payments are effectively loans that must be repaid when the recipient’s financial situation improves. According to the Aargauer Zeitung, a welfare recipient in the commune of Klingnau in the canton of Aargau received a bill of 173,000 francs after he came into some money. A windfall of 173,000 francs is rare, according to Rolf Walker, head of administration at the commune.

Comparing the most recent statistics on Swiss consumer inflation to those in 1993 reveals a steep drop in the percentage of spending allocated to food. When statisticians calculate consumer price rises they look at the prices of a standard basket of goods. In 1993, food and non-alcoholic beverages made up 14.3% of the value of this standard basket. By 2018, the percentage had fallen to 10.4%, a 27% drop.

When Geneva’s finances make the news it is typically bad. At the end of 2016, the canton had debts of CHF 12.5 billion, equal to 153% of its income. In January 2018, the rating agency Standard and Poors gave Geneva a negative outlook citing risks related to the canton’s poorly funded public pension scheme.

In Switzerland, married couples file one combined tax return. Because tax rates rise in line with income it means that second incomes of married couples are taxed at a higher rate than those of single cohabitating ones. Those campaigning to have this changed argue that it is unfair and acts as a disincentive for second income earners.

Last week, State Councillor Peter Hegglin (PDC/CVP) withdrew his motion demanding Switzerland’s retirement age automatically rise with life expectancy. He argues that Switzerland urgently needs to find a way to ensure the financial health of its pension system and raising the retirement age is the main way to do this.

Last week, work started on a project to construct 1,000 apartments in Geneva. The project known as the Quartier de l’Etang will unfold over an 11 hectare site in Vernier, not far from Geneva airport. The video above shows the commencement ceremony and a computer animation of the completed project.

Switzerland has a system of compulsory health insurance. Residents must choose an insurer and pay. Those who don’t are automatically signed up and sent a bill. Other than shopping around, choosing a policy with an excess, a sum that must be covered out of your own pocket before the insurance kicks in, is one of the few ways to reduce your premium.

A recent survey calculates 60.1% of Switzerland’s population was middle class in 2015, a figure that has remained broadly stable since 1998, reaching its highest in 2009 (61.3%) and lowest in 2013 (56.8%). But what is middle class in Switzerland? According to Switzerland’s Federal Statistical Office, it is anyone living in a household with a gross income between 70% and 150% of the gross median income.

Lukas Reimann, a parliamentarian and member of the Swiss Peoples Party (UDC/SVP), fought to have parliamentarians paid by health companies partially excluded from government commissions dealing with health issues. He thinks vested interests are behind high health premiums and that cartels must be broken.

While many national governments, such as the US and UK, regularly spend more than they collect, Switzerland managed a CHF 2.8 billion surplus in 2017. In addition, CHF 2 billion of withholding tax is expected, which would push the surplus up to CHF 4.8 billion.

On 4 March 2018, voters in Vaud will vote on a plan to provide basic universal dental care funded by a tax on salaries. The initiative entitled: Reimbursement of dental care, Pour le remboursement des soins dentaires in French, claims that 10% of the population avoid the dentist because of the cost. They also claim links between poor dental health and cancer, diabetes and premature births. Their plan envisages the creation of a network of polyclinics that would provide basic dental care, but not orthodontics, crowns or dental implants.

While Switzerland isn’t the most financially secretive nation in the Tax Justice Network’s recently published report, its combination of size and secrecy pushed it into first place, the worst rank in the Financial Secrecy Index 2018. Size is factored in because it measures the damage a nation’s financial secrecy has on the world, says The Tax Justice Network.

Tickets cannot be bought on public transport in Switzerland. Passengers are required to have a ticket before boarding. Those caught on public transport without one will soon have their names put into a national register. This will ensure progressively higher fines are issued to repeat offenders.

The UBS Swiss Real Estate Bubble Index declined in the last quarter of 2017, the second quarterly decline in a row. Prices are considered balanced when the index reaches zero. Between zero and 1 is considered a price boom, between 1 and 2 is considered at risk and above 2 a bubble. At the end of 2017 the index sat at 1.32, still in the zone where there is a risk of a price correction.

In 2015, Swiss residents made 24 million shopping trips abroad. The average Swiss-based cross-border shopper travelled 69 kilometres to shop in a neighbouring country, 55 kilometres further than they did when shopping in Switzerland, according to a study published by Credit Suisse.

The Swiss People’s Party (UDC/SVP) in Geneva wants shopping hours in Geneva to be standardized and extended. In general, French-speaking Switzerland has stricter laws on opening hours that the rest of Switzerland. For example a Migros store in Zurich is open until 9pm every night except Sunday. A similar store in Geneva is only open until 9pm one day a week. The rest of the week it shuts between 6pm and 7:30pm.

If you rent a home in Switzerland it is more likely to belong to an individual than a big real estate company or pension fund. In 2017, 49% of residential rental properties in Switzerland were owned by individuals, according to Statistics published by the Swiss Federal Statistical Office. The highest rate of rental home ownership by individuals was in the Italian-speaking canton of Ticino (71%). The lowest rate was in the Lake Geneva region (41%).

Income inequality in Switzerland has remained stable according to a report published by Switzerland’s Federal Statistical Office. A key measure of inequality involves dividing the income share of the top 20% by that of the bottom 20%, a measure known as S80/S20. 1 is complete equality.

A poll run by the media group Tamedia shows a clear majority in favour of rejecting the initiative, dubbed “No Billag”, which aims to end Switzerland’s broadcasting fee. This poll follows one done in December 2017, which showed a majority in favour of the initiative.

The Economist has just published its January 2018 Big Mac index, a light-hearted measure of whether currencies are under or overvalued. The underlying assumption is that a Big Mac is the same whether bought in Kiev or Chur, so any price difference must be due to the exchange rate.

Figures published in 2017 show that only 37% of Swiss healthcare costs were covered by basic compulsory health insurance premiums. The remaining cost was covered by the government (20%), accident and social insurance (10%), private complementary health insurance (7%), charity (1%) and out-of-pocket spending by individuals (26%).

In a report published today entitled: rents losing altitude, UBS says asking rents for apartments will probably drop by up to 10% over the next three years. Competition in the rental market is getting even fiercer. By mid-2017, 2.4% of all rental apartments were vacant. This level was last exceeded in 1998, when 2.8% of rental apartments stood empty, says the bank.

The current rate of 8% is set to drop on 1 January 2018. Temporarily increased by 0.4% in 2011 to shore up funding for disability welfare, the rate will revert to 7.7%. The 0.1% difference between the new rate and pre 2011 rate of 7.6% is a new increase that will be used to help finance rail infrastructure.

Recently published international price comparison numbers show just how expensive life is in Switzerland. The price of a standard basket of items, including food, clothing, accommodation, healthcare, transport, education and other regular expenses, was far higher in Switzerland than in the rest of Europe.

A recent OECD study, which looks at retirement, shows the relatively large amount spent on pensioners in Switzerland. Switzerland consumes 11% of its GDP on retirees, compared to 9% across OECD nations. Despite this high spending, the risk of poverty is higher in Switzerland than across the OECD. According to the organisation, 19% of those over 64 in Switzerland are at risk of poverty, compared to an OECD average of 13%.

It’s the question lurking in many people’s minds, especially during the frenzy of online Christmas shopping: has my email account been hacked? MELANI has got your back – up to a point. The Reporting and Analysis Centre for Information Assurance (MELANI), is part of the Swiss Federal Intelligence Service.

Many Swiss residents travel to neighbouring eurozone countries for their holidays. These countries are close and Swiss francs go far there. However, to get the most out of a strong currency you need a good exchange rate. If a Swiss resident presenting euro cash at a checkout in Germany or France was told they couldn’t pay in euros because they live in Switzerland – “I’m sorry sir but you live in Switzerland, you must pay in Swiss francs at our inflated exchange rate” – few would return. But this is what Airbnb does.

After the Swiss mountain village of Albinen hatched a plan to pay parents (CHF 25,000 each) and children (CHF 10,000 each) to move there, it has been inundated with applicants. Articles about the offer have been published by Time, The Sunday Times, The Sun, El Pais, and many other publications. Rather than celebrating, the picturesque town’s administration is unhappy. It published a statement on its website accusing the media of false reports that have created unnecessary fuss and confusion.

According to the newspaper Bilanz, Amazon has signed an agreement with Swiss post to provide rapid customs clearance. The head of postal customs, Felix Stierli, confirmed discussions with the company.A maximum customs clearance time of 3 hours will allow 24-hour delivery, one element of Amazon’s Prime offer.

A recent report from Switzerland Federal Statistical Office shows how an average Swiss household spends its income. In 2015, the mean income was CHF 9,946 per month, including all forms of income and any 13th month payment received at the end of the year.

The Credit Suisse 2017 Global Wealth Report, shows total global wealth rose 6.4% to USD 280 trillion in 2016, taking it to the its highest level since 2007, before the financial meltdown in 2008. Globally, average wealth per adult was USD 56,540. In Switzerland, the same figure was USD 537,600 (CHF 533,000), close to ten times the global average, placing Switzerland in the lead, if Iceland – with unreliable data – is ignored.

At the end of September the Swiss government announced an average nationwide health premium rise of 4% in 2018. This government calculation is rather narrow. It only looks at the price of standard compulsory insurance, including accident cover, for an adult with a CHF 300 deductible. Price comparison site bonus.ch calculates that this policy configuration only applies to 18.3% of residents.

As next year’s health premium bills find their way into Swiss mail or email boxes, the reality of another round of price increases starts to bite. Earlier this week, Switzerland’s Federal Council unveiled 38 measures that will be considered as part of a plan to tackle Switzerland’s rising health costs. A final plan will be presented next spring, according to 20 Minutes.

Last year Switzerland’s government announced plans to change the rules on charging VAT on imported goods. Currently, most things ordered abroad and sent through the post to Switzerland that attract VAT of less than CHF 5, are waived through customs free of charge.

On Wednesday, the Federal Council said it will cut Switzerland’s TV-Radio tax from CHF 451 to CHF 365 annually from 2019. According to Federal Councillor Doris Leuthard, the cut is made possible by cost savings from simplifying the system and an increase in the numbers who will pay it – everyone will soon pay, not just those with a receiving device.

The third in a series of gorgeous new Swiss franc bank notes will be released by the Swiss National Bank (SNB) on October 18th. The 10-franc note keeps its yellow colour, but most everything else in the design and construction is different. What’s most remarkable about the new bank note? Not the 40 centimes or so it takes to make each note, nor that each note is projected to last only about a year. Not the sophisticated security measures, including multiple layers of transparent and inked polymers, paper and other materials, plus other features embedded to combat counterfeiting – all this is done in Zürich by Orell Füssli.

Call it “dirty money” if you wish, because there’s about CHF 3 million in gold and silver found each year in Swiss sewage. But no one is going to get rich, according to a just-published report by the Swiss Federal Institute of Aquatic Science and Technology (Eawag). Recovering the estimated CHF 1.5 million in gold, and the same in silver, that passes through Swiss wastewater each year, wouldn’t be cost-effective, says the report. On the bright side, the concentrations measured pose no environmental or health threat.

According to Le Matin, Jean-Luc Addor, a parliamentarian and member of the Swiss People’s Party (UDC/SVP), wants to know what savings could be made if pensions paid to those abroad were adjusted for living costs in those countries. According to the newspaper, after the rejection of the vote to reform Swiss pensions, Addor said that the rejected reform was aimed at guaranteeing the financing of the pension system over the coming years, as well as maintaining the level of payments.

Yesterday, the Swiss government released health insurance premiums for 2018. There are price hikes across the board, particularly in French-speaking Switzerland. Next year, the price of standard compulsory insurance for an adult with a CHF 300 deductible will rise 4% on average. The cost varies by canton. Prices rises range from 1.6% to 6.4%. Health premiums for children will rise by an average of 5%, more than those for adults.

A survey by Tamedia offers clues to why 52.7% of Swiss voters rejected the pension reform plan that was put to a vote last Sunday. 20% of those voting “no” thought it was a pseudo reform that didn’t go far enough, while 26% felt it left too much of a burden on younger taxpayers. In 1981, when the life expectancy of an average Swiss woman was 79.2 years, the average time spent collecting the state pension was 15.2 years. Now an average Swiss woman can expect 21.3 years of state pension – life expectancy has risen to 85.3 years and the current official retirement age is 64.

Some who move to Switzerland might not be aware that they are almost certainly required to pay one of the world’s highest broadcasting fees. An annual Swiss licence costs CHF 451.10 per household. A successful vote in 2015 changed the rules on who must pay the fee. From 2019, it will be compulsory for anyone with a primary or secondary residence in Switzerland to pay it, effectively making it a tax on all households. At a new lower price of CHF 400 It will become a little cheaper.

The UBS Global Real Estate Bubble Index 2017 describes housing in Zurich and Geneva as only moderately overvalued. The two Swiss cities rank 6th (Geneva) and 9th (Zurich) in a list of 20 selected global cities.
The top eight: Toronto, Stockholm, Munich, Vancouver, Sydney, London, Hong Kong and Amsterdam are all classified as bubble risk. Only Chicago is undervalued.

Home vacancy rates in Switzerland’s main cities have all risen over the last few years, bringing some hope to those looking for a place to live. The latest 2017 data confirm this trend. While these percentage shifts might appear big, very low vacancy rates underly them. On 1 June 2012, none of these cities had a vacancy rate above 1%. Zurich (0.29%), Bern (0.48%), Basel (0.13%), Lausanne (0.28%) and Geneva (0.21%) were all well below 1% vacancy rates

When 10-year mortgage interest rates fall to 1%, home ownership becomes a very attractive alternative to renting. A recent report on home ownership shows why home ownership remains out of reach of the average Swiss household despite very low interest rates.The report, by Credit Suisse, says that despite the strong desire for people to own their own home, fewer and fewer households are able to afford them as the years go by.

According to data from comparis.ch, Switzerland’s most expensive apartments are found in Zurich, Maloja – home to Saint-Moritz, and Lavaux-Oron. One square metre will cost you CHF 12,250 (US$ 13,000) in Zurich, CHF 11,500 in Maloja and CHF 11,250 in Lavaux-Oron. Lavaux-Oron contains posh parts of Greater Lausanne, such as Lutry, and the UNESCO-listed wine terraces of Lavaux on the shore of Lake Geneva.

A recent Credit Suisse report, entitled: Tenants Wanted, says capital continues to flow into Swiss real estate, boosting the supply of rental properties. Against a backdrop of negative interest rates at Switzerland’s central bank, investors continue to plough money into constructing new residential properties. At the same time, declining immigration has hit the demand for rental apartments.

In Switzerland, home owners have to add a theoretical rent to their taxable income. This means home ownership can increase your annual tax bill, sometimes substantially.

In June 2017, Switzerland’s Federal Council announced plans to reduce the discounts offered to those willing to risk paying the first chunk of their annual medical bills. The plan included reducing the maximum premium discounts given for opting for deductibles, the amount paid by the insured before insurance kicks in.

At 1 June 2017, 3,650 empty homes, of which 2,655 were for rent and 995 for sale, were on the market in Vaud. This brought the vacancy rate to 0.9%, a rise of 0.1% compared to the year before. This rise follows an increase of 0.1% in 2016 from a rate of 0.7% in 2015. The market is considered balanced when the vacancy rate reaches 1.5%. The last time it was above this mark in Vaud was in 1999.

Recent analysis by Credit Suisse, London Business School and Cambridge Judge Business School shows the Swiss franc’s enduring strength. The reports says that for a small country with just 0.1% of the world’s population and less than 0.01% of its land mass, Switzerland punches well above its weight financially.

Swiss Rail plans to test a new smartphone app that will charge you when you arrive. The app will automatically search for the cheapest fare once the journey has ended, promising users the lowest possible fare. The new app, which will be added to Mobile Preview, will be tested in 2018.

The Swiss government announced plans to reduce the discounts offered to those willing to risk paying the first chunk of their annual medical bills. It also plans to adjust deductibles in line with shifts in medical costs. This will be discussed until 19 October 2017.

A real estate report by the bank UBS, which looks at 25 top resorts in Switzerland, Austria, France and Italy, shows vacation home price drops across Switzerland. These price falls contrast with price rises in resorts in Austria, France and Italy.

Swiss pensions have three parts. The first is a standard payment based on the number of years you have paid social security taxes (AVS / AHV). The second (2nd pillar) is based on a personal pot of money built up from compulsory salary deductions. And the third is a personal pot derived from optional tax deductible savings, known as a 3rd pillar.

Yesterday, the price comparison website Verivox published a study comparing mobile phone costs across 13 european countries. On most measures Switzerland was the most expensive, and by a wide margin. A plan including 100 minutes of talk and 1 Go (gigaoctet1) of data per month costs an average of CHF 25 per month in Switzerland

Every three months the rate of interest used to set Swiss rents is reviewed. If it goes down some renters have the right to request a decrease in rent. This time it dropped 0.25% to 1.50%. The interest rate used to set the reference rate was the average rate on Swiss mortgages at 31 March 2017 of 1.61% which rounds to 1.50% under the rounding rules, which round to the nearest quarter of a percent.

A study of data from 195 countries from 1990 to 2015 published recently in the medical journal The Lancet, ranks Switzerland’s healthcare system third. The analysis looked at mortality rates from causes that should not be fatal in the presence of effective medical care. It considered both healthcare access and quality and was designed with the aim of normalising for local environmental and behavioural risks.

A recent article in the newspaper 20 Minutes highlights the nasty surprise some young people experience when their parents fail to pay their health insurance premiums. Turning 18 is one of life’s key milestones. It corresponds with the end of school and entry into a new world. In Switzerland it is also a health insurance milestone.

Ahead of the automatic exchange of bank account information, which comes into effect at the beginning of next year, Swiss residents with undeclared foreign bank accounts are rushing to come clean to the tax authorities, according to Swiss broadcaster RTS.

It is widely believed that as the price of real estate climbs those on low incomes are forced out of city centres. A study by the University of Geneva, commissioned by the Swiss Federal Statistical Office focused on the period between 2010 and 2014, shows this is not true in Switzerland.

According to a recent study, employees in certain roles in Switzerland are paid around 50% more than those second-placed Luxembourg. The premium applies to recent hires, middle managers and qualified professionals, says the study conducted by Willis Tower Watson.

In Switzerland, more than a million people moved house in 2015, 12.1% of the population. The figure has never be higher, according to a report called Immo-Monitoring published by Wüest Partner. The home moving covered around 490,000 dwellings. Of those who moved, 344,000 stayed in the same commune (Gemeinde) while the other 659,000 changed municipality.

The new 50 franc note, launched last year, was voted the best new bank note in 2016 by the International Bank Note Society, a society founded in 1961. Nearly 120 new banknotes were released worldwide in 2016. The Swiss 50 only narrowly beat the Maldive Islands 1000 Rufiyaa bill, Argentina’s 500 Peso jaguar, and the Royal Bank of Scotland’s 5 Pound first polymer note.

Over the year ending 31 March 2017, apartment prices across Switzerland dropped by 6.8%, according to a property price report published by the Zurich-based research and consulting firm Fahrländer Partner FPRE.

On 11 March 2012, Swiss voted to accept a law restricting the construction of secondary residences, homes that are only used occasionally by owners living somewhere else. Under the law no more than 20% of a municipality’s housing can be second homes. Those with percentages above 20% run into building restrictions.

Some United Nations consultants haven’t paid taxes on their income, thinking it was exempt. When the tax authorities catch up with them they’ll risk paying back taxes and fines. As a general rule, foreign UN functionaries are not required to pay local taxes on their income. On the other hand UN consultants must.

In 2015, 21.7% of Switzerland’s population was unable to cover an unexpected expense of CHF 2,500 within a month, says a report from the Swiss Federal Statistics Office. Single parent families were the least able to cope with 46.1% of them falling into this camp. Single parent families were followed by single people under 65 (27.1%) and two-parent families (24.0%).

According to the bank Raiffeisen, if rents had followed the path prescribed in the Swiss Code of Obligations, they would be much lower. Their figures show that changes in interest rates have not flowed through to renters. If rents had fallen in step with mortgage interest rates they would be 40% lower than they are currently.

In Switzerland, those who own the home they live in must add imputed rent to their income when calculating their income tax. This means owner-occupiers are taxed for living in their own homes, an odd concept for some who are new to Switzerland.

The bank Raiffeisen has dropped its attempt to reduce minimum deposit requirements for home loans, according to RTS. Last autumn, it unveiled plans to reduce loan deposit requirements. However, last week, the bank announced that FINMA, Switzerland’s financial regulator, was opposed to the idea.

Switzerland’s public price watchdog chief, Stefan Meierhans, also know as “Mr Price”, has taken aim at high Swiss drug prices. A report published last week shows prices of generic drugs are nearly 2.4 times more expensive in Switzerland compared to the average price across 15 european countries.

Volkswagen shocked the world when it was revealed it was cheating on emissions tests on a grand scale. Now some television makers may be gaming the energy efficiency ratings of some of their televisions, according to the Economist.

Last October, Geneva state councillor Mauro Poggia, had his department send out close to 91,000 letters to those receiving social benefits, asking them to contact the authorities if they had failed to declare any assets or income. Laurent Paoliello, a spokesperson from the DEAS, said they received 3,200 letters back. So far, we haven’t been through all the letters, he said.

The Swiss States Council commission on public health endorsed a plan that could lead to higher health insurance premiums for those over 25. Swiss health insurance providers are required to pay into a communal pot to spread risk between insurance companies.

In Switzerland, how much you pay for compulsory health insurance depends on where you live. Premiums vary hugely by canton. For 2016, average monthly adult premiums in Basel City are CHF 545.60, Switzerland’s most expensive, compared to CHF 326.70, in lowest-cost Appenzell-Innerhoden. The difference between the two cantons is 40%.

This week the bank Credit Suisse published its cantonal cost of living report. Its ranking considers a typical household’s biggest expenses: tax, housing, commuting, basic health insurance and childcare. It takes income and deducts all of these costs to arrive at a measure of disposable income.

In Romania, 96.1% of the population owns the home they live in. In Switzerland the percentage is 37.4%. Home ownership rates vary significantly across the country. The lowest rates are found in the canton of Basel-City (16.0%) and Geneva (18.3%). Relative to these two cities, home ownership abounds in Valais (57.2%), the highest. Vaud (31.4%), Zurich (28.5%), Bern (39.9%), and Luzern (34.8%) are all in between.

After reaching a historical low in the third quarter of 2016, rates started rising in the fourth quarter. Rate increases hit mortgage tenors of five and ten years. Compared to Q3, fixed mortgage rates on loans of ten years went up an average 0.2% to 1.62% according to price comparison website Comparis.ch.

Swiss financial markets regulator Finma is not planning to loosen mortgage lending directives, according to its director Thomas Bauer, after the bank Raiffeisen expressed a desire for looser lending rules. In an interview with Zentralschweiz am Sonntag, Bauer said that this could allow certain households to get mortgages that they wouldn’t be able to service over the long term.

Rents have dropped across Switzerland, declining substantially in the Lake Geneva region, according the the property consulting firm Wüest Partner. According to the firm, Swiss rents in the second quarter of 2016 were 1.6% lower than the same quarter in 2015. Geneva saw rents drop by 8.3% over the same period, while the region around Lake Geneva, known as the arc lémanique, saw a fall of 7.2%.

Switzerland has around 4.4 million homes. In 2000, 52,608 (1.49%) of them were vacant. By 2003, this number had dropped to 33,039, a vacancy rate of 0.91%. After fluctuating between this level and 1.07%, the rate started to climb in 2014 to its current rate of 1.30%, its highest level in 15 years.

Some Swiss politicians would like to focus minds on the costs of going to the doctor to reduce the number going for the most minor of reasons. Their plan would require deductibles to rise annually in line with increases in the cost of basic health insurance. Higher deductibles, they think, would put people off going to the doctor unecessarily, reducing pressure on the health system.