Category Archive: 3.) Swissinfo Business and Economy

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Swiss court gives Nord Stream 2 more time to avoid insolvency

2022-09-11

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2022-09-11

The Swiss company behind the Russian gas pipeline Nord Stream 2 has received a four-month extension to try to repay its debts. 

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Migrant workers head back to Switzerland as Covid-19 restrictions end

2022-09-10

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2022-09-10

Switzerland has returned as a popular destination for foreigners looking for work after two years of Covid-19 restrictions. Over 75,000 people have immigrated to Switzerland so far in 2022, driven largely by an economic boom and unemployment levels falling to a 20-year low.

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Swiss vote: sticking up for animal welfare

2022-09-09

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The Swiss will vote on September 25 whether to ban factory farming. The country is committed to agriculture and already has very strict animal welfare legislation. The popular initiative was organised by animal rights organisations, who say the welfare requirements for livestock and poultry should at least meet the criteria of the 2018 Bio Suisse standard. But the government and parliament consider farm animals to be adequately protected under...

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Too soon to say inflation has peaked, says SNB boss

2022-09-09

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2022-09-09

The president of the Swiss National Bank (SNB), Thomas Jordan, says the inflation outlook is more uncertain than normal and it is premature to say prices have peaked. “You cannot say we have passed the zenith and now it is certainly heading lower,” Jordan told a Finanz and Wirtschaft financial conference on Thursday.“

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Social security

2022-09-09

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2022-09-09

Switzerland has a social security network that covers risks in many areas – work, health, family and old age. 

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‘Let’s Talk’: pension reform debate

2022-09-07

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A revamp of Switzerland’s pension system is set for a popular vote. SWI swissinfo.ch discussed the issue with supporter Andri Silberschmidt and opponent Barbara Gysi. The reform plans encompass two separate proposals to be decided by voters on September 25: the retirement age for women is to be hiked from 64 to 65, while value-added tax in Switzerland is to rise by 0.4%. Opinion polls suggest the result could be tight. They also show that...

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Swiss economy slows but stays in the black

2022-09-07

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2022-09-07

Switzerland’s economic output slowed to 0.3% between April and the end of June, compared to the first quarter of the year. The manufacturing, construction, trade and financial services sectors all showed signs of weakening in the face of energy shortages and rising inflation.

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Pilot project tests power backup from electric cars

2022-09-07

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2022-09-07

An innovative pilot project testing the potential of electric cars to stabilise the power grid has been launched in Switzerland.

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The circular economy: A new way of making and using things

2022-09-07

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A circular economy means moving away from using precious raw materials and producing goods that end up in the landfill. Products are repaired, reused and recycled instead.

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Your views on female conscription

2022-09-06

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By the end of this decade, the Swiss army expects to have trouble recruiting enough personnel. So the defence department is studying the option of drafting women alongside men for military service or an alternative civilian service. We recently asked readers to send in their views on gender-neutral conscription. -- swissinfo.ch is the international branch of the Swiss Broadcasting Corporation (SBC). Its role is to report on Switzerland and to...

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Credit Suisse reportedly slashing 5,000 jobs globally

2022-09-06

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2022-09-06

Embattled Swiss bank Credit Suisse is planning to cut around 10% of its workforce as part of a major cost cutting drive, according to several media reports.

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Steel mill applies for reduced working hours due to energy costs

2022-09-05

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2022-09-05

High energy prices have forced a steel mill in Switzerland to prepare for short-time working to avoid layoffs.   

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Swiss bank takes plunge into the metaverse

2022-09-04

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2022-09-04

Swiss digital assets bank Sygnum will open a branch in the metaverse to reach more clients seeking blockchain-based financial services. Sygnum was one of two banks that were awarded licenses in 2019 to connect traditional finance with cryptocurrencies and the blockchain. Blockchain and other Distributed Ledger Technology (DLT) databases provide a home for digital currencies and other assets, such as company shares, collectibles and art.

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Electricity shortage boosts solar energy

2022-09-03

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2022-09-03

Fears of an electricity shortage in Switzerland appear to have had a positive effect on the expansion of solar energy. The Swiss Federal Office of Energy (SFOE) expects the market to grow by around 50% in 2022.

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Inflation continues to bite in Switzerland

2022-09-02

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2022-09-02

The cost of goods and services in Switzerland rose 3.5% in August compared to the same month last year, but the inflation rate still remains below that of many other countries.

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Swiss population urged to save energy to mitigate winter shortages

2022-09-01

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2022-09-01

The Swiss government has appealed to the population to save on household energy ahead of anticipated electricity and gas shortages this winter.

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Switzerland should get tougher on money-laundering, says report

2022-08-31

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2022-08-31

Swiss legislation is lagging behind in the fight against money laundering, and “seldom anticipates developments at international level”, the Swiss Federal Audit Office (SFAO) has warned.

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Healthcare and pensions top Swiss worry list

2022-08-30

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2022-08-30

Healthcare costs, the pension system and climate change are the top three burning issues for the Swiss, according to a survey published by the Tamedia group. Covid has slipped out of sight and mind.

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Swiss electricity boss: energy policy not to blame for shortages

2022-08-29

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2022-08-29

The head of the Swiss Federal Electricity Commission (Elcom) reckons a winter energy crisis is virtually unavoidable. However, he said the cause of the problem – war in Ukraine – was also difficult to predict.

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Swiss panoramic train to debut in December

2022-08-27

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2022-08-27

The GoldenPass Express (GPX) panoramic train, which will link Montreux to Interlaken without any station changes, will make its debut on December 11. 

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