29 April 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. Swiss equities are expected to finish lower this week, underperforming global stocks after the Federal Reserve and the bank of Japan held off on policy changes, mirroring last weeks “wait and see” stance of the European Central Bank. U.S. central bankers skipped […]
Confusion surrounds start date of tighter Swiss naturalisation rules
GHI. Expected to come into force on 1 January 2017 across the country, confusion now surrounds the date the new rules will take effect, reports the Geneva weekly newspaper GHI. Bernard Gut, director of Geneva’s population and migration office (OCPM), told RTS in early March the new rules would be applied from 1 January 2017. Now […]
Prayers in Geneva airport cafeteria spark anger
GHI. Muslim bag handlers at Geneva airport have been stopping work several times a day to pray in a common area, and it has been causing friction, reports the Geneva weekly newspaper GHI. “It’s incredible. Last January we reported that some of our colleagues were regularly praying in the common room, but it has continued […]
Speeder in Switzerland pays thousands and loses car
Le Matin. Last Friday, a 30 year old portuguese national was flashed by a speed camera going 185 km/h in an 80 km/h zone in St. Gallen, Switzerland. The speeding happened on a stretch of road between Trübbach and Sevelen. Penalties for speeding offenses like this, defined as reckless, are severe in Switzerland. In this […]
Swiss watch exports post biggest quarterly drop since 2009
Brought to you by Investec Switzerland. Swiss watch exports posted the biggest quarterly drop since 2009 as the industry faces declining demand across all its main markets. Shipments fell 8.9 percent in the first quarter, adjusted for working days, according to data from Switzerland’s customs office. Exports declined 16 percent in March to 1.5 billion francs ($1.5 […]
How eastern Germany’s watch making capital is beating Switzerland
Brought to you by Investec Switzerland. The east German village of Glashuette doesn’t look like much: just a handful of streets stretching up and down a narrow valley from a bare station platform, where trains depart once an hour for the 45-minute trip to Dresden. Scratch a bit deeper, though, and you’ll find that the town of 7,000 is home to […]
Sharp rise in assisted suicide in Switzerland
Le Matin. In 2015, the organisation Exit helped 213 people in French-speaking Switzerland die, 18% more than in 2014. In German-speaking Switzerland the figure was 782, 30% higher than the year before. Recently released statistics show the number has risen more than 12-fold since 2001 among French-speakers. This rise in suicide numbers is broadly in […]
Before-tax car fuel prices up to 32% higher in Switzerland
If you live in Switzerland, filling up your car across the border can save you a packet, depending on the country and fuel type. While savings sometimes come from lower fuel taxes, much of them comes from the lower underlying prices foreign fuel retailers charge. And it is difficult to argue that you’re paying a premium for a higher quality product. Switzerland – […]
Swiss president wants tougher university entrance exams
Tribune de Genève. Johann Schneider-Ammann, Swiss president and minister of education wants to make it harder for Swiss school pupils to gain access to Swiss universities. He thinks students shouldn’t gain entrance to university without high grades in mathematics and their primary language – French, German or Italian, depending on the region. Many cantons, which […]
10 facts about Switzerland’s illegal immigrants
A recent study by the Swiss state secretariat for migrants (SEM) estimates that there were 76,000 illegal immigrants or san-papiers living in Switzerland in 2015. The 88 page document presents some interesting facts about this elusive group. 1. Most arrive undeclared or on tourist visas Across the country, 63% slipped over the border without declaring their presence […]
