The Swiss bank UBS estimates there could be a shortfall of 500,000 workers in Switzerland in the coming 10 years as the baby boomer generation retires. However, the bank predicts the shortfall will not be even across all industries. Some sectors are expected to stagnate. Workers in these industries might find it harder to find […]
Swiss exports to the US significantly exceed those to Germany for the first time
According to an analysis by the Swiss broadcaster RTS, Switzerland’s reliance on EU exports has declined in recent years. Over the first quarter of 2019, for the first time, exports to the US exceeded those to Germany by more than CHF 1 billion reaching CHF 15.7 billion. Exports to the US have risen from 8.3% […]
Switzerland has highest percentage of millionaires
A generation ago millionaires were relatively rare. These days it is fairly easy to rub shoulders with one. According to a report by the Boston Consulting Group (BCG) there were 22 million US$ millionaires worldwide in 2018. One driver of the rising number of millionaires is inflation. A million dollars isn’t worth what it once […]
Switzerland number one for expat pay and stability
In 2019, Switzerland came top overall in a ranking of destinations for expatriates to live and work, moving up from eighth last year. Singapore, which had held the top spot for four years in the HSBC’s list of the best countries for expatriates, dropped to second place. Switzerland scored highly on salaries (1st), stability (1st), […]
Animals mistreated on 13% of Swiss farms
Switzerland’s Federal Food Safety and Veterinary Office (FSVO) recently published the results of its farm inspections in 2018. 35% of the 10,647 inspections were done without warning, a percentage above the 10% minimum. 87% of farms were found to be operating on or above minimum Swiss animal welfare standards, while 13% were below the minimum. […]
Swiss parliament insists EU deal return to negotiating table
As the 30 June 2019 expiry date for Swiss-EU stock market equivalence approaches, the National Council, Switzerland’s parliament, has given a clear mandate to extend negotiations over the nation’s relationship with the EU. The negotiations, which began in 2014, are centred on the Framework Agreement, an arrangement designed to replace the patchwork of deals Switzerland […]
Swiss government aims to loosen marijuana laws
Switzerland’s government is aiming to make it easier to access medical marijuana, which is used by those suffering from cancer or other serious medical conditions. The proposed rules would make it possible for doctors to directly prescribe cannabis as part of their treatment, said the Federal Council in a statement. Currently, patients have to apply […]
Switzerland’s upper house wants incentives for people who work beyond 65
The gap between Switzerland’s official retirement age – 65 for men and 64 for women – and average life expectancy is long. Life expectancy at 65 is 20 years for men (85) and 23 for women (88). More and more people are questioning the viability of living for two decades or more without working, particularly […]
Swiss-EU friction rises in lead up to expiry of stock market equivalence
In 2018, Switzerland and the EU struck a deal to extend Swiss stock market equivalence until 30 June 2019, a date fast approaching. Stock market equivalence makes a trade on the Swiss stock exchange equivalent to a trade on an exchange in an EU country. This allows trades to be pooled across countries, something that supports […]
Swiss restaurant ranked best in the world
A ranking by Elite Traveler placed the restaurant Hôtel de Ville de Crissier first in a list of the world’s 100 best restaurants, eight places higher than last year. The ranking is based on the votes of readers of the magazine, which is distributed to private jet companies around the world. Franck Giovannini, the restaurant’s […]
