Category Archive: 3.) Swissinfo Business and Economy

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Charity works overtime to support Covid-stricken mountain firms

2021-01-07

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2021-01-07

A Swiss fund that supports small businesses in alpine regions bailed out 100 firms last year that were affected by the coronavirus pandemic. Schweizer Berghilfe (Swiss Mountain Aid) doled out an extra CHF2 million ($2.26 million) to support Covid-hit enterprises.

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Covid-19 drives new car sales down to historic low

2021-01-06

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2021-01-06

The Swiss automobile industry registered its worst result in over 40 years, as the number of new cars hitting the road in 2020 fell by a quarter compared to the previous year.

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Immigration Zuwanderung in die Schweiz – Mehr Probleme oder mehr Wohlstand?

2021-01-05

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2021-01-05

Wanderung aus EU- und EFTA-Staaten
The Swiss automobile industry registered its worst result in over 40 years, as the number of new cars hitting the road in 2020 fell by a quarter compared to the previous year.

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OECD should focus on climate crisis and inequality, says Hildebrand

2021-01-04

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2021-01-04

Former Swiss National Bank Chairman Philipp Hildebrand
Former Swiss National Bank Chairman Philipp Hildebrand has been nominated by Switzerland to lead the Organisation for Economic Cooperation and Development (OECD), whose Secretary General Angel Gurria is leaving in May 2021.

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Swiss continue search for absconded British tourists

2020-12-31

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2020-12-31

Swiss cantons are still trying to identify tourists from the UK and South Africa who are staying in their resorts or who fled to escape Covid quarantine. Canton Valais, home to many popular ski resorts such as Verbier and Zermatt, is struggling. This content was published on December 30, 2020 - 14:03 December 30, 2020 - 14:03 Keystone-SDA/ts At the weekend an estimated 200 British tourists crept out of Verbier during the night, with hotel...

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‘Brexit envy’ grows in Switzerland

2020-12-30

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2020-12-30

British Prime Minister Boris Johnson announces a deal on December 24 Paul Grover Britain has finally negotiated a deal with the European Union. The European Court of Justice will not act as a court of arbitration. Some Swiss voices are now calling for Switzerland to get the same deal. The UK and the EU managed to agree on a last-minute trade deal after all. It will come into force provisionally on January 1. This will prevent customs duties...

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Economic outlook for Switzerland in 2021

2020-12-30

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2020-12-30

Have the Swiss and European Union economies already been through the worst, or will the pandemic cause more damage in 2021? Keystone / Martin Ruetschi Lockdown, home office, travel bans. The pandemic has shaken up the economy, but its disruptive power is having a selective effect. While the pharmaceutical industry is sailing through the crisis unscathed, the watch industry is being hit harder than any time since the last world war. What is the...

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Swiss want more digital services from the state

2020-12-30

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2020-12-30

Digitalisation is increasing pressure on state authorities, with almost three-quarters of Swiss expecting more digital services from the authorities, according to a survey by consultants Deloitte. Whether it’s paying parking fines or obtaining motorway toll stickers, Swiss want to be able to deal with such services online. A third of those surveyed could even imagine getting married via video conferencing.A large majority of the population would...

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‘We were too lax’ admits Swiss health minister on Covid-19

2020-12-29

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2020-12-29

In an interview with Swiss public television, SRF, Health Minister Alain Berset has acknowledged that Switzerland made mistakes in managing the coronavirus outbreak.

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Swiss groups argue about parking spaces

2020-12-25

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2020-12-25

Even good drivers might struggle to fit their cars into the allotted parking spaces in Switzerland. Yet Swiss cities don’t necessarily want to provide larger spaces.

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Europe’s ski market crushed by Covid-19

2020-12-24

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2020-12-24

Gérard Brudi, who rents two apartments to winter workers in the popular French ski resort of Val Thorens, has not had a single booking this year.

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Switzerland bans flights from UK over new coronavirus

2020-12-23

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2020-12-23

Switzerland has joined other European countries in suspending flights from the United Kingdom and South Africa after reports of a fast-spreading new coronavirus strain.

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Credit Suisse chief vows a ‘clean slate’ in 2021

2020-12-22

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2020-12-22

The chief executive of Credit Suisse has vowed the bank will start 2021 with a “clean slate” after a torrid year that began with a damaging corporate spying scandal and was punctuated by embarrassing fallout from legacy compliance and lending failures.

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First Covid-19 vaccine approved for Swiss use

2020-12-21

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2020-12-21

Swiss health regulator Swissmedic has approved the coronavirus vaccine from Pfizer/BioNTech. According to the Swiss authorities, the level of protection is over 90% a week after the second dose.

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Countries still far from achieving sustainable development

2020-12-19

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2020-12-19

The latest United Nations Human Development Report has found that countries, including Switzerland, still struggle to achieve high levels of human development without straining the planet.

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Switzerland among best placed to recover from Covid crisis

2020-12-16

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2020-12-16

Switzerland is among the countries best equipped to withstand the effects of the global pandemic, although no nation has emerged unscathed, according to the World Economic Forum (WEF). 

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Switzerland and UK sign agreement on mobility of service suppliers

2020-12-15

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2020-12-15

An agreement that secures reciprocal, facilitated market access for service providers from Switzerland and Britain from January 1 has been signed by Economics Minister Guy Parmelin and Liz Truss, the British Secretary of State for International Trade.

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WEF’s Asian relocation to cost Switzerland tens of millions

2020-12-11

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2020-12-11

Swiss hotels, restaurants and shops are counting up the cost of the World Economic Forum’s (WEF) flagship event moving to Singapore next year. This year’s 50th annual meeting realised a net gain of around CHF80 million ($90 million) for the Swiss economy.

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WEF annual meeting moves from Switzerland to Singapore

2020-12-08

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2020-12-08

The coronavirus pandemic has forced the World Economic Forum (WEF) to relocate its flagship event to Singapore next year. It will be only the second time in 50 years that it will be staged outside of the Swiss mountain resort of Davos.

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Swissair liquidator extracts CHF2.75 million from former bosses

2020-12-08

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2020-12-08

Former Swissair bosses have been ordered to pay CHF2.75 million ($3 million) almost 20 years after the national airline carrier went bust. The bill has been presented to 14 former managers after many years of legal wrangling and court battles.

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