Tag Archive: Editor’s Choice

Swiss housing market tightens further in 2022

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

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Swiss electricity prices to rise as much as 280% in 2023

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.

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Swiss government launches energy saving campaign

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.

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Switzerland’s population older than ever, shows recent data

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.

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Winter electricity cuts feared, says head of Swiss commission

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.

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Switzerland may have passed 6th Covid peak

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.

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The online retail fraud made possible by Swiss billing system

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.

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Swiss inflation up again in June 2022

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.

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Higher federal tax deductions for health insurance announced

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.

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Switzerland adopts latest round of EU sanctions against Russia

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.

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Swiss government changes solar electricity rules

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

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Swiss salaries shrink for men and rise for women in 2021

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.

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Recent price rises only the beginning, says Swiss consumer association

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.

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Tips for cutting energy bills

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.

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Average annual healthcare costs hit 9,600 francs in Switzerland in 2020

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.

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Swiss health insurance could jump by 9 percent next year

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.

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Switzerland to drop all Covid restrictions

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.

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Covid cases up 42% in a week in Switzerland

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...

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Covid: weekly cases and hospitalisations rising again in Switzerland

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...

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Chart of the week: Swiss retirement age compared

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....

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