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Tag Archives: Editor’s Choice

The number of people on welfare continues to rise in Switzerland

In 2016, around 273,000 people, 3.3% of the population, received welfare in Switzerland. The number (not the rate) was 2.9% higher than the year before and 15.7% higher than 5 years earlier when the rate was 3.0%. Neuchâtel, the canton with the highest rate of beneficiaries © Olga Demchishina | Dreamstime.com Rates of those receiving government aid varied significantly by canton, ranging from 0.8% in Appenzell Innerrhoden to 7.4% in Neuchâtel. Other cantons with higher than average rates...

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Switzerland has more job vacancies than jobseekers

Speaking to Tages-Anzeiger, Cornel Müller, director of marketing at x28, Switzerland’s largest job search aggregator, said there was a large jump in the number of jobs available in Switzerland compared to one year ago. © Hongqi Zhang (aka Michael Zhang) _ Dreamstime.com At the end of 2017, 178,000 vacant posts were advertised, 22,000 more than at the end of 2016. The meta search company, which aggregates job ads posted on other websites, estimates that only 3 out of 10 jobs are advertised, so...

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Swiss VAT rate to fall in 2018

©_Toscawhi _ Dreamstime.com - Click to enlarge The current rate of 8% is set to drop on 1 January 2018. Temporarily increased by 0.4% in 2011 to shore up funding for disability welfare, the rate will revert to 7.7%. The 0.1% difference between the new rate and pre 2011 rate of 7.6% is a new increase that will be used to help finance rail infrastructure. Switzerland has three VAT rates: a standard rate (8%), a hotel...

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Swiss VAT rate to fall in 2018

The current rate of 8% is set to drop on 1 January 2018. Temporarily increased by 0.4% in 2011 to shore up funding for disability welfare, the rate will revert to 7.7%. The 0.1% difference between the new rate and pre 2011 rate of 7.6% is a new increase that will be used to help finance rail infrastructure. ©_Toscawhi _ Dreamstime.com Switzerland has three VAT rates: a standard rate (8%), a hotel rate (3.8%) and a reduced rate (2.5%). From 1 January 2018, these will fall to 7.7%, 3.6% and...

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How much more you need to earn in Switzerland to breakeven

Recently published international price comparison numbers show just how expensive life is in Switzerland. © Mike Clegg | Dreamstime The price of a standard basket of items, including food, clothing, accommodation, healthcare, transport, education and other regular expenses, was far higher in Switzerland than in the rest of Europe. In 2016, life in Switzerland was 68% more expensive than the EU average. The only other...

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How much more you need to earn in Switzerland to breakeven

Recently published international price comparison numbers show just how expensive life is in Switzerland. © Mike Clegg | Dreamstime The price of a standard basket of items, including food, clothing, accommodation, healthcare, transport, education and other regular expenses, was far higher in Switzerland than in the rest of Europe. In 2016, life in Switzerland was 68% more expensive than the EU average. The only other countries close to being this far above the average were Iceland (+54%),...

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Swiss tourism – sharp rises and falls from some countries over the summer

The number of visitors to Switzerland rose 6% this summer, but this headline figure hides some steep rises and falls. © Martinmark | Dreamstime From May to October 2017, 11 million people holidayed in Switzerland, 644,000 more than the over same period in 2016. Swiss made up close to half the total (4.9 million), followed by Germans (950k), Americans (663k), Chinese (659k), British (396k), French (365k), Indians (263k), Italians (253k), South Koreans (208k), Japanese (182k), Dutch (175k),...

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Poverty risk high for Swiss pensioners despite high spending

A recent OECD study, which looks at retirement, shows the relatively large amount spent on pensioners in Switzerland. © Marian Vejcik | Dreamstime - Click to enlarge Switzerland consumes 11% of its GDP on retirees, compared to 9% across OECD nations. Despite this high spending, the risk of poverty is higher in Switzerland than across the OECD. According to the organisation, 19% of those over 64 in Switzerland are at...

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Poverty risk high for Swiss pensioners despite high spending

A recent OECD study, which looks at retirement, shows the relatively large amount spent on pensioners in Switzerland. © Marian Vejcik | Dreamstime Switzerland consumes 11% of its GDP on retirees, compared to 9% across OECD nations. Despite this high spending, the risk of poverty is higher in Switzerland than across the OECD. According to the organisation, 19% of those over 64 in Switzerland are at risk of poverty, compared to an OECD average of 13%. On average, basic Swiss retirement incomes...

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Large email hack reported – Swiss agency tool lets you check if your account was compromised

© Igor Stevanovic | Dreamstime It’s the question lurking in many people’s minds, especially during the frenzy of online Christmas shopping: has my email account been hacked? MELANI has got your back – up to a point. The Reporting and Analysis Centre for Information Assurance (MELANI), is part of the Swiss Federal Intelligence Service. They have recently come into possession of a database with 21,000 combinations of...

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