In 2015, Swiss residents made 24 million shopping trips abroad. The average Swiss-based cross-border shopper travelled 69 kilometres to shop in a neighbouring country, 55 kilometres further than they did when shopping in Switzerland, according to a study published by Credit Suisse. Credit Suisse calculated that, on average, a cross-border shopper would need to spend at least CHF 274 per vehicle to make the journey...
Read More »Push to extend shop opening hours to 8pm in Geneva
The Swiss People’s Party (UDC/SVP) in Geneva wants shopping hours in Geneva to be standardized and extended. © Tea | Dreamstime.com - Click to enlarge In general, French-speaking Switzerland has stricter laws on opening hours that the rest of Switzerland. For example a Migros store in Zurich is open until 9pm every night except Sunday. A similar store in Geneva is only open until 9pm one day a week. The rest of the...
Read More »Swiss cross-border shopping not always worth it, says study
In 2015, Swiss residents made 24 million shopping trips abroad. © Viorel Dudau | Dreamstime.com The average Swiss-based cross-border shopper travelled 69 kilometres to shop in a neighbouring country, 55 kilometres further than they did when shopping in Switzerland, according to a study published by Credit Suisse. Credit Suisse calculated that, on average, a cross-border shopper would need to spend at least CHF 274 per vehicle to make the journey economically worthwhile. This amount rises to...
Read More »Push to extend shop opening hours to 8pm in Geneva
The Swiss People’s Party (UDC/SVP) in Geneva wants shopping hours in Geneva to be standardized and extended. © Tea | Dreamstime.com In general, French-speaking Switzerland has stricter laws on opening hours that the rest of Switzerland. For example a Migros store in Zurich is open until 9pm every night except Sunday. A similar store in Geneva is only open until 9pm one day a week. The rest of the week it shuts between 6pm and 7:30pm. Stéphane Florey from the UDC reckons this is one reason why...
Read More »A quarter of Swiss workers stressed and exhausted, according to new research
Around a quarter of Swiss workers are stressed and exhausted, according to new research. © Rawpixelimages | Dreamstime.com A three-year study by the University of Bern and Zurich University of Applied Sciences, which covers the period from 2014 to 2016, estimates that this stress and exhaustion cost Swiss companies between CHF 5 and CHF 5.8 billion a year. The cost of sick days is only the tip of the iceberg. On-the-job inefficiency costs roughly twice as much as sick day absenteeism, says...
Read More »Swiss fact: nearly half of Swiss rental properties owned by individuals
If you rent a home in Switzerland it is more likely to belong to an individual than a big real estate company or pension fund. © Kevkhiev Yury | Dreamstime.com - Click to enlarge In 2017, 49% of residential rental properties in Switzerland were owned by individuals, according to Statistics published by the Swiss Federal Statistical Office. The highest rate of rental home ownership by individuals was in the...
Read More »Swiss fact: nearly half of Swiss rental properties owned by individuals
If you rent a home in Switzerland it is more likely to belong to an individual than a big real estate company or pension fund. © Kevkhiev Yury | Dreamstime.com In 2017, 49% of residential rental properties in Switzerland were owned by individuals, according to Statistics published by the Swiss Federal Statistical Office. The highest rate of rental home ownership by individuals was in the Italian-speaking canton of Ticino (71%). The lowest rate was in the Lake Geneva region (41%). The...
Read More »Swiss fact: nearly half of Swiss rental properties owned by individuals
If you rent a home in Switzerland it is more likely to belong to an individual than a big real estate company or pension fund. © Kevkhiev Yury | Dreamstime.com In 2017, 49% of residential rental properties in Switzerland were owned by individuals, according to Statistics published by the Swiss Federal Statistical Office. The highest rate of rental home ownership by individuals was in the Italian-speaking canton of Ticino (71%). The lowest rate was in the Lake Geneva region (41%). The...
Read More »Income inequality in Switzerland remains stable after redistribution
Income inequality in Switzerland has remained stable according to a report published by Switzerland’s Federal Statistical Office. © Arturo Osorno _ Dreamstime.com A key measure of inequality involves dividing the income share of the top 20% by that of the bottom 20%, a measure known as S80/S20. 1 is complete equality. In 2015, the latest figure, the S80/S20 for Switzerland was 38.2, which means the top 20% had 38.2 times the income of the bottom 20%. This however was before tax and other...
Read More »Income inequality in Switzerland remains stable after redistribution
Income inequality in Switzerland has remained stable according to a report published by Switzerland’s Federal Statistical Office. © Arturo Osorno _ Dreamstime.com A key measure of inequality involves dividing the income share of the top 20% by that of the bottom 20%, a measure known as S80/S20. 1 is complete equality. In 2015, the latest figure, the S80/S20 for Switzerland was 38.2, which means the top 20% had 38.2 times the income of the bottom 20%. This however was before tax and other...
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