An article published by RTS presents data that shows men outnumber women among the leaders of 20 of Switzerland’s 26 largest state affiliated companies. Like in much of the developed world politicians in Switzerland are pushing to get more women into top spots. Switzerland’s Federal Council has said it aims to have 40% of leadership […]
Switzerland unwelcoming to expats, shows survey
A survey of expats published on 12 July 2022 ranks Switzerland 43rd out of 52 nations on ease of settling in. The definition of an expat is based on the sample used in the Expat Insider 2022 survey. This group was 46 years old on average, more female (52%) than male (47%), most likely to […]
Switzerland gets green light to restart oldest nuclear power plant
On 1 July 2022, the Swiss Federal Nuclear Safety Inspectorate (FNSI) gave a green light for the restart of Beznau 1, Switzerland’s oldest nuclear reactor. The reactor, which entered operation in 1969, was shut down on 29 April 2022 for planned annual maintenance. During the work the fuel assembly was replaced, said FNSI. The work […]
Nearly 1 in 6 lives in a household with outstanding debts in Switzerland
Even before high inflation hit people’s pockets many Swiss households were over extended. In 2020, almost one in six residents lived in a household with debt arrears, according to data released this week by the Federal Statistical Office (FSO). The most common overdue payments were taxes (7.5%), health insurance premiums (5.5%), phone bills (4.1%), utility […]
Swiss debt enforcement offices aiding money laundering
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 […]
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 […]
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 […]
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 […]
French speaking politicians not always understood in Bern
Switzerland has four national languages but most of the population is fluent in only one of them. When politicians come together in Bern they generally speak in their home language assuming others present understand them, even if they cannot really speak the language spoken. This week, Pierre Nebel, a reporter at RTS, explored the level […]
No tax cuts on fuel in Switzerland
This week, Switzerland’s upper house rejected proposals to cut the tax on fuel to counteract the impact of sharp price rises, reported RTS. Neighbours France, Germany, Italy and Austria have all cut the tax on fuel. But Switzerland hasn’t. The Swiss People’s Party (UDC/SVP) has been pushing for one, arguing that its justified by the […]
