Swiss Federal Railways CEO Andreas Meyer presented the company's annual figures on Tuesday at a press conference in Bern. (Keystone) - Click to enlarge The Swiss Federal Railway’s net profit increased by CHF18 million ($19 million) to CHF399 million ($418 million) last year despite posting a loss in its troubled freight division. The company confirmed a previous decision to cut 800 freight jobs but plans to...
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Although prices vary widely depending on the type and method of transaction, some banks may earn money by adding surcharges to currency exchanges. (Keystone) - Click to enlarge A study of over 40 Swiss finance institutions has revealed ‘striking’ differences in exchange rates for banknotes and currencies as well as the addition of hefty mark-ups and fees. Online banking and insurance comparison service...
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German operator Flixbus was fined as passengers were using its international route for cheap transport within Switzerland The Swiss cabinet is not in favour of liberalising the Swiss transport market by allowing foreign coach firms to offer inter-city services within Switzerland. In a report released on Thursday, the seven-member body said it is not keen on going beyond the current legal framework, as it deems the...
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Swiss Economicblogs.org
