A vote on 10 June 2018 on a plan to shake up gambling in Switzerland has widespread support, according to a recent poll run by gfs.bern and reported by RTS. The plan aims to update existing laws on gambling in Switzerland. Among the changes are the removal of taxation on winnings up to one million […]
Archives for 2018
No relief for Swiss renters
Every three months the rate of interest used to set Swiss rents is reviewed. If it goes down some renters have the right to request a decrease in rent. This time it remained at 1.50%. The last time it dropped was 1 June 2017 when it fell to its lowest level since 2008. The rate […]
House prices down in Verbier but up in some other Swiss resorts
A recent report published by UBS shows real estate price changes in european mountain resorts. Over the last year, Verbier (-3.2%) and Crans Montana (-3.0%) experienced the largest price declines, while Saas Fee (+14.3%) and St. Moritz (+7.4%) climbed the most. Prices rises in the Jungfrau region (+4.8%) Gstaad (+1.5%), Flims/Laax (+2.8%), Andermatt (+1.5%), Zermatt […]
Not long ago most people over 65 were working
Universal retirement at a set age is a relatively modern concept. In 1900, 54% of French and 58% of Germans over 65 were working, according data presented by Dr. Marco Salvi of the Swiss think tank Avenir Suisse. In some countries, such as the US, Japan and Iceland, there were relatively high numbers of older […]
Unemployment benefits for reduced hours no longer justified by strong Swiss franc
In January 2015, when the Swiss National Bank stopped its attempt to keep the Swiss franc to Euro exchange rate at 1.20, the Swiss currency quickly rose beyond parity. To soften the economic shock, Switzerland’s government allowed working hours to be extended with no extra pay and working hours and pay to be cut. Employees […]
Most Swiss for neutrality and against EU membership
An annual survey on security by ETH in Zurich reveals widespread support Switzerland’s neutrality. Since 2015, support for the principle of neutrality has remained constant at 95%. 85% feel neutrality is inseparable from the Swiss concept of the state and 60% think Switzerland’s armed neutrality contributes to security and stability in Europe. In addition, 94% […]
Switzerland – jobs that must soon be offered to locals first
From 1 July 2018, Swiss employers must present certain jobs to unemployed workers in Switzerland before offering them to foreigners. The requirement kicks in when unemployment for particular job types reaches 8% – this threshold will fall to 5% on 1 January 2020. Last week, the list of jobs with unemployment of 8% or more […]
Pay in Zurich and Geneva highest in the world
A survey of the cost of living in 77 cities, by UBS, ranks Zurich (1st) and Geneva (2nd) as the most expensive. But while these cities are the most expensive, their workers are also the highest paid. In Zurich, less than five days pay affords an iPhone X. In Geneva, the same device requires less […]
Switzerland second hardest working nation in Europe
Recent statistics show that the average full-time employee in Switzerland worked 42.6 hours a week. This is slightly less than an average Icelander (42.9) – the longest working – but 13% longer than the average in leisurely France (37.4), the european nation putting in the fewest hours. Switzerland also came second on a broader measure: […]
Switzerland drops in economic competitiveness ranking
While Switzerland remains in the top five with the same other four countries in this year’s IMD World Competitiveness Ranking, it slipped from second to fifth place. The United States rose from fourth to first, second and third places went to Hong Kong and Singapore, and fourth place to the Netherlands. America’s comeback was due […]
