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Tag Archives: Editor’s Choice

New 20 Swiss franc note officially launched

The Swiss National Bank is the process of issuing new bank notes. A new 50 franc note hit the streets last year. Now it is the new 20 franc note’s turn. Officially launched today, it will enter circulation on 17 May 2017. A photograph of the note was posted on Facebook by Bilan: The new red note, designed around the theme of light, has a few secrets. It can be be washed without losing any of its colour, so you don’t need to worry about leaving it in your pocket. Apparently it can even...

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New 20 Swiss franc note officially launched

The Swiss National Bank is the process of issuing new bank notes. A new 50 franc note hit the streets last year. Now it is the new 20 franc note’s turn. Officially launched today, it will enter circulation on 17 May 2017. A photograph of the note was posted on Facebook by Bilan: The new red note, designed around the theme of light, has a few secrets. It can be be washed without losing any of its colour, so you don’t need to worry about leaving it in your pocket. Apparently it can even...

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Unemployment falls in Switzerland

Figures published on 9 May 2017 by SECO, the Swiss State Secretariat for Economic Affairs, show a fall in the number of unemployed in Switzerland. © 72soul | Dreamstime.com At the end of April 2017, there were 146,330 people registered as unemployed, 5,950 fewer than the month before, reducing the rate of unemployment from 3.4% to 3.3%. Unemployment across the French and Italian speaking regions averaged 4.3%, materially higher than in German speaking Switzerland where the rate was 2.9%. The...

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Swiss wine consumption declines to 40 bottles per person

Swiss Federal Office for Agriculture (FOAG) statistics show a decline in Swiss wine consumption in 2016. Swiss residents consumed less rosé, less white and less red wine. Lavaux Switzerland – © minnystock | Dreamstime.com Total consumption in 2016 was 253 million litres, down from 262 million litres in 2015, a drop of 4%. This follows drops of 2% in 2014 and 1% in 2015, a total decline of nearly 7% over three years. The 2016 figure equates to 40 bottles per resident. When those 19 years old...

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Easyjet expands in Geneva adding a new aircraft

20 Minutes. On Friday, Easyjet added a 14th aircraft to its Geneva-based fleet. The new Airbus A320 will allow it to add new destinations. © Tommy Beattie | Dreamstime.com The new aircraft will create 36 new jobs on top of the current 500 at the airline’s Geneva base, Thomas Haagensen, Easyjet’s director of northern Europe, told Le Matin Dimanche. Last year, the airline flew 900,000 more people from Switzerland than it did in 2015. Part of the growth is due to the progressive replacement of...

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Swiss employees the best paid in Europe, according to study

© Kevkhiev Yury | Dreamstime.com Le Matin. According to a recent study, employees in certain roles in Switzerland are paid around 50% more than those second-placed Luxembourg. The premium applies to recent hires, middle managers and qualified professionals, says the study conducted by Willis Tower Watson. The report, entitled Global 50 Remuneration Planning Report 2016/2017, looks at pay across 50 roles and 60 countries...

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Unemployment benefit scam rocks Vaud

24 Heures. Last week, the regional newspaper 24 Heures, uncovered a fraudulent scheme allegedly involving two workers from the union Unia, which may have cost Vaud’s social security system as much as CHF 3 million. © Steve Woods | Dreamstime.com The alleged fraud is centred on the construction industry, where bosses of small businesses along with two staff from the union Unia managed to deceive the canton’s unemployment fund. According to an ongoing criminal enquiry, around CHF 3 million was...

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Unemployment benefit scam rocks Vaud

24 Heures. Last week, the regional newspaper 24 Heures, uncovered a fraudulent scheme allegedly involving two workers from the union Unia, which may have cost Vaud’s social security system as much as CHF 3 million. © Steve Woods | Dreamstime.com The alleged fraud is centred on the construction industry, where bosses of small businesses along with two staff from the union Unia managed to deceive the canton’s unemployment fund. According to an ongoing criminal enquiry, around CHF 3 million was...

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Swiss employees the best paid in Europe, according to study

Le Matin. According to a recent study, employees in certain roles in Switzerland are paid around 50% more than those second-placed Luxembourg. The premium applies to recent hires, middle managers and qualified professionals, says the study conducted by Willis Tower Watson. © Kevkhiev Yury | Dreamstime.com The report, entitled Global 50 Remuneration Planning Report 2016/2017, looks at pay across 50 roles and 60 countries including Switzerland and 15 other countries in Europe. For Switzerland,...

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Thousands of cross-border workers risk big bills for health insurance

Tribune de Genève. Thousands of cross-border workers working in the canton of Geneva, who have not yet formally sorted out their health insurance situation, risk getting a big bill. © Pogonici | Dreamstime.com This week the canton made a final call to those living in France and working in Geneva to make a formal choice between the French and Swiss health systems, something which must be done before the final deadline on 30 September 2017. The requirement applies beyond those working in...

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