Monday , August 8 2022
Home / Tag Archives: Personal finance (page 3)

Tag Archives: Personal finance

Switzerland adopts latest round of EU sanctions against Russia

© Ys7485 | Dreamstime.com On 10 June 2022, Switzerland’s government adopted the latest set of EU sanctions against Russia and Belarus, including an embargo on crude oil and certain refined petroleum imports from Russia. The sanctions are the sixth package and were adopted by the EU on 3 June 2022. An embargo on oil imports from Russia by sea will be introduced progressively from early December 2022, and a ban on all Russian oil imports will then start two months...

Read More »

Switzerland adopts latest round of EU sanctions against Russia

On 10 June 2022, Switzerland’s government adopted the latest set of EU sanctions against Russia and Belarus, including an embargo on crude oil and certain refined petroleum imports from Russia. © Ys7485 | Dreamstime.comThe sanctions are the sixth package and were adopted by the EU on 3 June 2022. An embargo on oil imports from Russia by sea will be introduced progressively from early December 2022, and a ban on all Russian oil imports will then start two months later. Around 40% of the...

Read More »

Swiss minister calls on unions to negotiate pay rises

As the cost of living rises in Switzerland some are calling for pay increases. Guy Parmelin, Switzerland’s economics and education minister, says it is the responsibility of unions to negotiate pay rises, reports RTS. In an interview with the newspaper SonntagsBlick, Parmelin said it’s up to unions to negotiate wage rises. The government should not get involved in talks between unions and employers, he said. However, if required, the federal government could make adjustments to welfare...

Read More »

SWISS repays Covid government guaranteed loans early

On 9 June 2022, Switzerland’s government announced that SWISS had repaid the loans the Confederation had guaranteed at the end of May 2022, ending the arrangement with no loss of public funds. After the Covid-19 pandemic severely impacted the aviation industry, Switzerland’s Federal Council decided in spring 2020 to provide support in the form of guarantees to the airlines SWISS and Edelweiss to bridge liquidity shortfalls. Banks granted SWISS and Edelweiss a credit line of up to CHF 1.5...

Read More »

Swiss government changes solar electricity rules

On 2 June 2022, Switzerland’s parliament adopted two motions to accelerate the adoption of solar panels. Photo by Los Muertos Crew on Pexels.com The first motion aimed to allow private individuals to earn better returns on the electricity they produce. Under the proposal they would be able to sell electricity to other individuals, municipalities and cantons without paying heavy network charges. 140 versus 48 voted in favour of this plan. A second change compels the...

Read More »

Swiss salaries shrink for men and rise for women in 2021

Overall, in 2021, Swiss salaries shrunk by 0.2% in nominal terms and by 0.8% in real terms, given an annual rate of inflation of 0.6% across the year, reported the Federal Statistical Office (FSO) this week. Photo by Sora Shimazaki on Pexels.comHowever, when broken down, women saw an overall increase in pay of 0.6% while men on average saw pay fall by 0.7%. The difference reflects differences in the type of work undertaken by men and women. Pay for public sector...

Read More »

Swiss salaries shrink for men and rise for women in 2021

Overall, in 2021, Swiss salaries shrunk by 0.2% in nominal terms and by 0.8% in real terms, given an annual rate of inflation of 0.6% across the year, reported the Federal Statistical Office (FSO) this week. Photo by Sora Shimazaki on Pexels.comHowever, when broken down, women saw an overall increase in pay of 0.6% while men on average saw pay fall by 0.7%. The difference reflects differences in the type of work undertaken by men and women. Pay for public sector jobs, a sector...

Read More »

Swiss government changes solar electricity rules

On 2 June 2022, Switzerland’s parliament adopted two motions to accelerate the adoption of solar panels. Photo by Los Muertos Crew on Pexels.comThe first motion aimed to allow private individuals to earn better returns on the electricity they produce. Under the proposal they would be able to sell electricity to other individuals, municipalities and cantons without paying heavy network charges. 140 versus 48 voted in favour of this plan. A second change compels the use of rail and road...

Read More »

Swiss government to ease personal bankruptcy rules

Rules related to personal bankruptcy in Switzerland are tough compared to many countries. In effect, they give heavily indebted individuals breathing space rather than a clean slate. This week, Switzerland’s government put forward a plan to soften the rules. © Andranik Hakobyan | Dreamstime.comTo initiate personal bankruptcy proceedings (technically insolvency proceedings) in Switzerland requires funds of around CHF 5,000 to cover the costs of the court and other agencies to restructure...

Read More »

Swiss unemployment drops sharply in first quarter of 2022

During the first quarter of 2022 the number of people employed in Switzerland rose by 1.7% and the unemployment rate, as defined by the International Labor Organisation (ILO) fell from 5.8% to 4.6%. © Heying Hua | Dreamstime.comIn addition, the average number of hours worked by those employed rose by 2.8%. The overall rate of unemployment in Switzerland by the end of the quarter (4.6%) was well below the rate across the EU (6.5%). A total of 5.1 million people were working out of a...

Read More »