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Tag Archives: Business & Economy

Switzerland remains top place for expats in 2021

Switzerland is the highest rated country in the latest HSBC expat ranking published this week, a position held for the last three years. © minnystock | Dreamstime.com91% of the expats surveyed living in Switzerland said their living environment was better than it was before moving. The average on this measure across all expats questioned was 67%. After moving, 86% said they felt safer, another of Switzerland’s strong points among expats. In addition, nearly 9 out of 10 expats living...

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Swiss president warns nation to prepare for electricity shortages

According to Guy Parmelin, Switzerland’s president, it is possible the country could suffer electricity shortages for weeks or even months by 2025. © Oliver Richter | Dreamstime.comSwitzerland faces two principal challenges when it come to electricity. The first is that it doesn’t produce enough and must import electricity to satisfy demand. During winter around 20% of Switzerland’s electricity is supplied by Germany. With the phasing out of nuclear in Switzerland this gap is set to...

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Geo-blocking set to be banned in Switzerland

Geo-blocking is the practice of pushing online shoppers to a version of a website based on their geographic location. Many consumers would like to see the practice made illegal and Swiss laws look set to make it so, according to the NZZ am Sonntag, reported Le Matin. © Shutter999 | Dreamstime.comGeo-blocking and filtering is particularly pernicious in a place like Switzerland where prices are generally much higher than the rest of Europe. There are broadly two kinds of geography-based...

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Swiss unemployment down, especially among young

© Mcherevan | Dreamstime.com 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. However, it means some who run out the 2...

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Swiss unemployment down, especially among young

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. © Mcherevan | Dreamstime.comBy 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. However, it means some who run out the 2 year unemployment...

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Swiss farmers hit back at nutritional labelling

Bulging waist lines and high rates of heart disease, cancer and type II diabetes are putting increasing pressure on healthcare systems, so the world is on the lookout for ways to tackle the problem. One is food labelling. But few producers want their products labelled as unhealthy. Swiss farmers are no exception. © Zigmunds Dizgalvis | Dreamstime.comAccording to the World Health Organisation (WHO), these diseases account for 71% of all deaths. Because food choices are central to the rates...

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Swiss advisory firms exposed in Pandora Papers

The Pandora Papers, a leak of more than 11.9 million files from offshore service providers, reveal the widespread involvement of Swiss advisory firms in the set up of shell companies in tax havens. © Martin Valigursky | Dreamstime.comThe recent Pandora Papers contain far more information than the Panama Papers, which were leaked in 2016 and resulted in the fall of prime ministers in Iceland and Pakistan. The Panama Papers came from a single source, the Panamanian law firm Mossack...

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Nespresso capsules cannot be protected, says highest Swiss court

The shape of the Nespresso coffee capsules is ordinary and unmemorable, according to Switzerland’s highest court, reported RTS. © Daniel127001 | Dreamstime.comIn Switzerland, inventions are protected for 20 years. After that they become part of the public domain and can be copied by anyone. Trademarked brands on the other hand last for 10 years with the possibility of perpetual renewal. Trademarking the shape of the Nespresso capsule was Nestlé’s way to restrict competition beyond the...

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Swiss tax free shopping allowance set to be cut from 300 to 50 francs

Switzerland is expensive. The prices of certain items, such as some meats and dairy products are kept especially high by a combination of trade tariffs and import restrictions. A lack of retail competition further adds to prices generally. © Typhoonski | Dreamstime.comFor some, shopping across the border is the preferred way to avoid high Swiss prices. Around CHF 10 billion is spent annually on cross-border shopping, according to one estimate. The current tax free limit of CHF 300 per...

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Number of vacant homes in Switzerland drops for first time in 12 years

© Cristianzamfir | Dreamstime.com 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 1 June 2021, there were 71,365 vacant homes in Switzerland, representing 1.54% of the total stock of housing. Since 1 June 2020, the number of vacant...

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