Tag Archives: Editor’s Choice

A recent survey suggests that half of Swiss residents are satisfied with their financial situation while 6% said they have trouble making ends meet. © Pavalache Stelian | Dreamstime.com In addition, 28% expect their finances to improve in 2019, although fewer women (25%) than men (33%) expect this. 18% expect their finances to worsen and 54% expect no change. Views varied significantly by age group. 40% of those under 36 expected their finances to get better. This dropped to 33% among those...

© Erix2005 | Dreamstime.com Switzerland’s unemployment rate, now 2.6%, hasn’t been so low for 10 years, according to the latest figures from Switzerland’s State Secretariat for Economic Affairs (SECO). A weakening of the Swiss franc helped boost Switzerland’s economic growth, creating more jobs. The unemployment rate among young workers (15-24) dropped 0.7% to 2.4% as did unemployment among the 50+ (-0.3% to 2.5%). All...

A recent report places Switzerland second in a ranking of 33 european countries on conditions in the youth labour market in 2016 – youth are those between 15 and 24. © Auremar | Dreamstime.com Switzerland’s overall score of 5.67 out of 7.00 is close to Denmark’s 5.72. Switzerland’s highest scores are for employment rate (6.01) and working conditions (5.77), with education (5.36) and smoothness of transition to work (5.52) coming in lower. This version of the report is focused on the skills...

Between 1999 and 2017 the amount of organic food produced on Swiss farms more than doubled. © Stefano Ember | Dreamstime.com In 1999, 5.3% of Switzerland’s farm output was organic. By 2017 this figure had risen to 11.7%. In 1999, Swiss farms produced CHF 562 million worth of organic food. In 2017, they produced CHF 1.2 billion. Consumers are spending more and more on organic produce. From 1998 to 2017, the average percentage of total food expenditure on organic food rose from 4% to 9%. Based...

An internal EU commission letter says that without a framework agreement Swiss-EU agreements granting access to the EU single market will only be changed if it is in the EU’s interest, according to the newspaper Neue Zürcher Zeitung (NZZ) and the Keystone-SDA news agency. © Ognjen Stevanovic | Dreamstime.com The letter dated 10 January 2019 and signed by Martin Selmayr, Secretary General of the EU Commission, calls on officials not to start any new negotiations with Switzerland on its...

Switzerland’s unemployment rate, now 2.6%, hasn’t been so low for 10 years, according to the latest figures from Switzerland’s State Secretariat for Economic Affairs (SECO). © Erix2005 | Dreamstime.com A weakening of the Swiss franc helped boost Switzerland’s economic growth, creating more jobs. The unemployment rate among young workers (15-24) dropped 0.7% to 2.4% as did unemployment among the 50+ (-0.3% to 2.5%). All of Switzerland’s French-speaking cantons saw unemployment decline, however...

On 10 January 2019, the Economist came out with its latest Big Mac index. Also known as the burger benchmark, the index compares the price of a Big Mac around the world. © Kevkhiev Yury | Dreamstime.com The index uses the burger to compare the relative purchasing power of different currencies. Countries where Big Macs cost less than in the United States (in US$ terms) are deemed to have weak currencies, and those where they are more expensive are considered to have overvalued currencies. In...

Nearly every year brings administrative changes for business owners and managers. The five most likely to be felt by Swiss SMEs this year are set out below. 1. Social insurance taxes The three main ones (AVS, AI, APG) remain the same in 2019. Together they come to 10.25% of salary, of which half is deducted from the salary amount. Unemployment insurance of 2.2%, with half deducted from salary, remains the same too. Deductions for payments made to families have risen in some cantons so these...

© Rawpixelimages | Dreamstime.com Reaching the official retirement age1 is an important milestone for many people. Some look forward to it while others dread it. Some dreading it would prefer to continue working either because they enjoy their work or would like the extra income. Some feel they are being systematically and unfairly labelled too old to work. A survey by the bank UBS showed that many people now don’t feel...

On 28 December 2018, Italy issued government bonds maturing in 2028 at an effective interest rate of 2.7%1. Interest rates like this combined with the scale of Italian public debt (157% of GDP) mean Italian taxpayers spend more on public debt interest than they do on education. In 2015, Italy spent 4.1% of GDP on public debt interest and only 2.8% of GDP on education. © Byvalet | Dreamstime.com This week, Switzerland issued bonds maturing in 2030 at an effective interest rate of -0.041%2....