The severe drop in temperatures across Switzerland last week froze large areas of wine grape vines. Parts of Vaud and Geneva have been particularly hard hit, reported RTS. Wine growers now fear for their coming grape harvest. While it is too soon to quantify potential harvest damage, one farmer in the canton of Geneva reported […]
Switzerland and the UK sign agreement on mobility of service providers
On 14 December 2020, Switzerland and the UK signed an agreement that secures reciprocal, facilitated market access for service providers between Switzerland and the United Kingdom from 1 January 2021. The Services Mobility Agreement (SMA) regulates the mutual access and temporary stay of service providers, for example, management consultants, IT experts and engineers. The agreement […]
Switzerland signs post-Brexit security deal with Britain
Last week, Switzerland agreed with Britain to maintain the flow of information on organised crime and terrorism even if the UK leaves the EU with a no-deal. Karin Keller-Sutter and British Home Secretary Sajid Javid signed the contracts in London, according to a government press release. Should Britain leave the EU without a deal, “all […]
Brexit FAQ for Swiss and UK nationals
Uncertainty continues around Brexit, however, for Swiss living in the UK and UK citizens living in Switzerland the uncertainty is far lower. Switzerland and the UK signed an agreement protecting the rights of each other’s nationals post Brexit, which apply regardless of how and when Brexit occurs. A Swiss government website sets out answers to […]
Brexit deal with Switzerland now signed
On 25 February, representatives of Switzerland and the United Kingdom signed an agreement preserving the rights already acquired by citizens residing in the other’s territory after the UK leaves the EU. Any rights already acquired by a citizen of either country under current EU rules will be preserved for life. The agreement was signed by […]
Swiss government approves post-Brexit deal on treatment of UK and Swiss nationals
Today, The Federal Council, Switzerland’s executive, announced it has approved a deal safeguarding the rights of Swiss and UK citizens after Brexit. The agreement is part of a package of deals being worked out as part of a plan dubbed “Mind the Gap”. Under the agreement, any UK citizen residing in Switzerland before Brexit will […]
Ski airline to skip this season
According to the airline Powdair, Brexit and the collapse of several airline operators – Monarch, Air Berlin and Darwin – caused their key investor to get cold feet and pull out. This happened last week. Richard Corbett, a member of the european parliament says falling back on old pre-EU aviation agreements after Brexit would only […]
“Wait and see” says former Swiss foreign minister on EU negotiation
20 Minutes. Ex-foreign minister for Switzerland, Micheline Calmy-Rey, told the Neue Zuercher Zeitung that she thinks Switzerland should wait and see how Great Britain negotiates its exit from the EU, while discussing Switzerland’s ongoing discussion with Brussels regarding Switzerland’s 9 February 2014 popular vote against mass EU immigration. According to her, Switzerland must not rush and should let […]
Some question price of Swiss stocks as safe haven status awakened
Brought to you by Investec Switzerland. Swiss stocks, dislodged in 2015 as a haven from European volatility, have seen the status restored following Brexit — so much that some investors are balking at valuations. After trailing shares from Germany to France and Italy for most the past year, the Swiss Market Index is finding a […]
Stocks up on Brexit bargain hunting
1 July 2016 – Swiss and global market roundup. Brought to you by Investec Switzerland. Global equity markets are set to post gains this week as investors digest the impact of the UK’s historic vote to leave the European Union. Swiss stocks outperformed global markets as defensive heavyweights Nestlé, Roche and Novartis led gains. Volatility remained […]
