In Switzerland, it is possible to pay delinquent debts with large sums of cash. Some criminals are using the loophole to launder money, reports Le Matin. Swiss broadcaster SRF investigated several official debt enforcement offices across Switzerland and found that large sums of cash were passing through some of them. In Geneva, CHF 24 million […]
This June the second hottest on record in Switzerland
June 2022 was the second hottest June since measures began in 1864, reported RTS. In several places maximum daytime temperatures reached all-time records for the month. The average temperature across Switzerland in June 2022 was 2.7 degrees above the norm over the period from 1991-2020. Since 1864, only June 2003 was hotter. Then average monthly […]
SWISS announces further flight cancellations in autumn
On 26 June 2022, SWISS announced further cancellations, this time flights scheduled between August and October, reported 20 Minutes. These cancellations follow others announced in early June 2022. A company spokesperson described the cancellations as unavoidable and due to contraints and operational challenges across the industry. In a press release the company announced it would […]
Swiss Franc worth more than a Euro
This week, the Swiss franc rose to beyond parity with the euro as traders sought safe haven assets as concerns about risks to global growth grew. The Euro-Swiss Franc pair fell below 1.00 franc per euro during the morning of 29 June 2022 and remained below 1.00 until the morning of 1 July 2022 when […]
Concert tickets up to 77% more expensive in Switzerland
A survey found that the Swiss pay far more for concert tickets that their European neighbours. And the differences are significant, with Swiss price premiums ranging from 40% to 77% depending on the performer, reports RTS. According to Bon à Savoir, the consumer association behind the survey, there are many examples of inflated Swiss concert […]
Finance minister thinks Switzerland needs to cut public spending
Ueli Maurer, Switzerland’s finance minister, is concerned about Switzerland’s finances after a recent round of decisions to substantially increase public spending. During June 2022, Switzerland’s parliament agreed to significant increases to spending on the army, healthcare and the environment. The situation is not sustainable Maurer told SRF. In June, parliament agreed to boost military spending […]
Swiss parliamentarian calls for cuts on marketing to distant tourists
Christophe Clivaz, a parliamentarian from the Green Party in Valais is demanding that subsidies given to Swiss Tourism not be used to promote tourism that involves flying, reported 20 Minutes. Switzerland is busy developing sustainable tourism under the brand Swisstainable. However, when tourism booms aviation booms with it. So how can tourism be sustainable? asks […]
Enormous Swiss water battery to start operating next week
A water battery that can store up to 20 million kWh of electricity constructed in the Swiss canton of Valais is scheduled to start operating on 1 July 2022, announced the company Nant de Drance SA this week. The Nant de Drance power plant is a pumped storage power plant in a subterranean cavern located […]
Cannabis far easier to prescribe in Switzerland from 1 August
From 1 August 2022, doctors in Switzerland will be able to prescribe cannabis without the need for authorisation, announced the Federal Council on 22 June 2022, reported RTS. The introduction of the change, which allows cannabis to be prescribed for medical reasons without the authorisation of the federal health authorities, follows updates to Switzerland’s drug […]
Switzerland’s underground freight project gets start date
This week, a project to build an underground freight tunnel network stretching from Geneva to St Gallen, was given a start date of 1 August 2022 by the Federal Council, reported RTS. The Cargo sous terrain (CST) project will connect Switzerland’s key hubs starting in 2031. CST aims to take the strain off the road […]
