Tag Archives: Editor’s Choice

Data published on 17 March 2022 showed a 15.4% jump in Swiss exports in February 2022. The sharp rise in exports when combined with a 2.9% fall in imports led to a monthly trade balance of CHF 5.7 billion. This is the first time in history that Switzerland’s monthly trade balance has exceeded CHF 5 billion. Photo by RODNAE Productions on Pexels.comIn February 2022, Switzerland exported CHF 24.0 billion worth of products while importing CHF 18.3 billion, creating a net trade balance of CHF...

Responding to the coronavirus is likely to have added between CHF 25 and 30 billion to Swiss federal borrowing, a sum that will only be known when the final calculation is made at the end of 2022. Paying this back is expected to take 11 to 13 years. © Marekusz | Dreamstime.comThe federal government said that repaying this money is critical for ensuring the nation is prepared for future crises and for maintaining the financial standing of the nation, something that attracts foreign...

This week, 171,085 new Covid-19 cases were reported in Switzerland, up 42% from the 120,901 cases reported a week earlier. In addition, the reported number of Covid-19 patients hospitalised leapt too. This week 482 were admitted, up 37% from 352 the week before. Photo by Pixabay on Pexels.comThe 7-day average case number had been in constant decline since the end of January 2022. However, the number of new cases turned upwards towards the end of February. On 11...

During 2020, 10.3% of Switzerland’s population moved. The average distance moved was 12.5 km. However, the likelihood of movement and the distance moved varied significantly by age and nationality. Photo by cottonbro on Pexels.comPeople in the age band between 20 and 40 were the most likely to move. There was also a small bump in numbers between the ages of 62 and 65. Roughly 27% of 25 year olds moved in 2020, compared to only 2% of 94 year olds. The most mobile canton was Basel-City....

This week, 120,9017 new Covid-19 cases were reported in Switzerland, up 24% from the 97,335 cases reported a week earlier. In addition, the reported number of Covid-19 patients hospitalised edged up slightly from 340 to 352 compared to the week before. Photo by cottonbro on Pexels.comThe 7-day average case number had been in constant decline since the end of January. However, the number began to turn upwards in the days leading up to the end of February. On 4...

Switzerland’s retirement age of 65 for men and 64 for women puts its state pensioners in the youngest half of OECD retirees. Photo by MART PRODUCTION on Pexels.comThis week, when a Swiss parliamentarian asked in which direction pension reform was heading, he received a written response that said the state pension system could be stabilised from 2030 with a rise in the retirement age to 68 for both men and women, reported the NZZ newspaper. Many nations have...

Switzerland’s retirement age of 65 for men and 64 for women puts its state pensioners in the youngest half of OECD retirees. Photo by MART PRODUCTION on Pexels.comThis week, when a Swiss parliamentarian asked in which direction pension reform was heading, he received a written response that said the state pension system could be stabilised from 2030 with a rise in the retirement age to 68 for both men and women, reported the NZZ newspaper. Many nations have already moved in this...

The high inflation across the world is rippling as far as Switzerland. During the month of February 2022, Swiss prices rose 0.7%. Compared to the same month in 2021, prices were 2.2% higher, making this the highest price increase in two decades. © Radomír Režný | Dreamstime.comThe 0.66% monthly consumer price rise in February represents an annualised rate of 7.9%. Essentially, if the latest monthly rate of inflation were to continue for 12 months it would push consumer prices up by 7.9%....

This week, Switzerland’s Federal Prosecutor requested that Credit Suisse be fined the maximum of CHF 5 million allowed under Swiss law for money laundering related to its dealings with a network of Bulgarian drug traffickers, reported RTS. Swiss Federal Penal Tribunal in BellinzonaThe trial began two and a half weeks ago at the Switzerland’s Federal Penal Tribunal in Bellinzona. Two Bulgarians, one bank employee, one ex-employee and the bank appeared in court. Federal prosecutor Alice...

Switzerland has one of the lowest rates of home ownership. Most residents live in rented accommodation. Across the whole country, only 36.2% of homes were owned by their occupants in 2020, according to data published this week by Switzerland’s Federal Statistical Office (FSO). However, home ownership rates vary significantly depending on the canton. In popular urban areas, such as Basel, Geneva and Zurich, it sinks as low as 15.4% (Basel-City). Geneva (18%) and Zurich (27.4%) are both far...