Switzerland has relatively accommodating rules regarding the advertising and sale of tobacco products. And it has correspondingly high smoking rates. That is likely to begin changing from next year, reported RTS. This week, the Federal Council sent parliament its position on how to implement the successful vote in February 2022 to ban tobacco advertising to […]
Men continue to dominate R&D in Switzerland
Data published this week by the Federal Statistical office show there are nearly twice as many men as women in research and development (R&D) in Switzerland. In 2020, 36% of R&D researchers were women (64% were men). In Europe, Switzerland trailed Iceland (45%), Portugal (43%), Spain (42%), Russia (39%) and Norway (39%) on this measure. […]
Switzerland remains among top on R&D investment
Data published this week show that Switzerland invested CHF 24.6 billion into research and development (R&D) in 2021, a sum 4% higher than in 2019 before the pandemic struck. With an R&D investment equivalent to 3.4% of GDP, Switzerland was fourth internationally behind only the United States (3.5%), South Korea (4.9%) and Israel (5.6%). R&D […]
Job growth continues in Switzerland
Figures published by Switzerland’s Federal Statistical Office (FSO) on 26 May 2023 show continued growth in the number of jobs in Switzerland. At the end of the first quarter of 2023, total employment was 2.2% higher than a year earlier and 0.6% higher than at the end of 2022. Companies in Switzerland reported a total […]
Switzerland’s higher company tax vote – a step into the unknown
On 18 June 2023, Swiss voters will choose whether to accept the government’s plan to raise company tax rates to a minimum of 15%. The minimum 15% tax, which will apply to any company with annual revenues of Euro 750 million or more, has essentially been forced on Switzerland by the OECD as part of […]
Switzerland needs to be able to recharge 2.8 million vehicles
This week, the Swiss Federal Office of Energy (SFOE) published its predictions and ambitions for electric transport infrastructure. By 2035, SFOE expects more than half of all passenger cars in Switzerland to be electric. This means the country has around 12 years to complete its charging infrastructure, it said. The SFOE study estimates there will […]
One day off work costs Switzerland 350 million francs
Last week, Switzerland’s federal parliament voted in favour of adding an annual public holiday to celebrate democracy. This week, the State Secretariat for Economic Affairs (SECO), said the extra day off would cost the economy CHF 350 million, reported RTS. The CHF 350 million sum was calculated by comparing the GDP in years when Christmas […]
Swiss parliament votes for tough new banking rules
Many Swiss politicians and members of the public remain angry about the recent rushed government deal to head off the potential collapse of Credit Suisse. This week a majority of the National Council, Switzerland’s federal parliament, voted in favour of measures to reduce the risk systemic big banks pose to taxpayers, reported RTS. Spearheaded by […]
Swiss housing shortage due to lack of land for construction
A report published on 4 May 2023 cites land scarcity as the main reason behind Switzerland’s housing shortage. In the 20 years between 2001 and 2021 Switzerland’s population grew from 7.3 to 8.7 million, a rise of 1.4 million residents or 19%. And with annual net immigration of around 50,000, building enough homes to house […]
Swiss inflation flat in April
Data published this week by Switzerland’s Federal Statistical Office (FSO) show no monthly inflation in April 2023. No inflation in April shifted annual inflation from 2.9% in March to 2.6% in April 2023 as the monthly rise in prices in April 2022 fell out of the annual calculation to be replaced by zero monthly inflation […]
