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Tag Archives: Editor’s Choice

Another month of falling prices in Switzerland

Fruiting vegetables such as tomatoes are 17% cheaper – © Maksudkr | Dreamstime.com 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%. Not everything has gone down in price however....

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Some Swiss import duties could be axed

© Tatsiana Hendzel | Dreamstime.com 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. Products...

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Switzerland’s skilled worker shortage worsens

© Bigapplestock | Dreamstime.com 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. A recent report by...

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Another month of falling prices in Switzerland

Swiss prices fell by 0.1% in November 2019, the sixth time in 12 months. But not everything is cheaper. Fruiting vegetables such as tomatoes are 17% cheaper – © Maksudkr | Dreamstime.comPrices 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%. Not everything has gone down in price however. Swiss inflation...

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Some Swiss import duties could be axed

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, according to RTS. © Tatsiana Hendzel | Dreamstime.comThe 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. Products...

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Switzerland’s skilled worker shortage worsens

At 30 September 2019, Switzerland had 79,000 job vacancies and 225,000 unemployed workers. © Bigapplestock | Dreamstime.comThis 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. A recent report by the human resources...

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1 in 10 Swiss hospitals facing financial difficulty

© Aris Suwanmalee | Dreamstime.com 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. The shift towards more outpatient care instead of more expensive hospitalisation is still a work in progress. Substantial disincentives to make the shift have...

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Number of jobs reaches all-time high in Switzerland

© Joerg Stoeber | Dreamstime.com 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. And the rise wasn’t due to shift towards part time jobs. On a full time equivalent basis (FTE) there were 1.1% more jobs at 30...

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Swiss foreign work permit quotas maintained for 2020

Every year, Switzerland sets quotas for the number of work visas it issues to citizens outside the EU and EFTA. This week the government announced it would maintain the quota of 8,500 permits that was in place in 2018. In addition, it confirmed an earlier deal it struck with the UK to issue up to 3,500 work visas to British citizens in the event of a no-deal Brexit. The 8,500 quota is made up of 4,500 B-permits for stays over one year, and 4,000 short-term L-permits for short term...

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1 in 10 Swiss hospitals facing financial difficulty

Around one hospital in ten in Switzerland could end up in financial difficultly, according to a report by PWC. © Aris Suwanmalee | Dreamstime.comIn 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. The shift towards more outpatient care instead of more expensive hospitalisation is still a work in progress. Substantial disincentives to make the shift have not been eliminated...

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