On 19 November 2021, the Euro went below 1.05 Swiss francs, the lowest it has been since July 2015. The Swiss franc is viewed as a safe haven currency and tends to rise when markets are bearish. However, this week the shift in exchange rate may have had more to do with the situation in […]
Cyber-bullying and stalking on the rise in Switzerland
Online harassment and cyberstalking are increasingly widespread in Switzerland, according to a recent survey. And the problem is no longer confined young people, reported RTS. The survey, which questioned 4,000 18-65 year olds in Germany, Austria and German-speaking Switzerland between 2 and 11 August 2021, found that the number of cases of harassment had increased […]
After 95 years, Migros set to sell alcohol
Last weekend the management of one of Switzerland’s two largest supermarkets voted in favour of selling alcohol in its stores, reported the company. Company founder Gottlieb Duttweiler, who passed away in 1962, did not want the business to sell alcohol, something that was prevented by the cooperative’s constitution. Duttweiler did not want to fuel alcohol […]
Switzerland’s fastest and slowest growth cantons
This week, Switzerland’s Federal Statistical Office published the latest cantonal GDP figures. Switzerland’s overall GDP growth in 2019 was 1.2%. However there were wide cantonal differences. The six fastest growing cantons in 2019 were Obwalden (+3.5%), Glarus (+3.2%), Zug (+2.7%), Basel-City (+2.6%), Luzern (+2.6%) and Valais (+2.5%). At the other end of the spectrum were […]
Initiative launched for vote to agree Swiss deal with EU
A group called Opération Libero and the Green party plan to come together to launch a referendum to require Switzerland’s federal government to sign new deal with the EU. At a meeting on 26 May 2021, Switzerland’s Federal Council evaluated the results of Switzerland’s negotiations with the EU around the institutional framework agreement, an agreement […]
Inflation continues to rise in Switzerland reaching 3-year high
At the end of October 2021, annual inflation in Switzerland reached 1.2% after rising 0.3% over the month, according to the Federal Statistical Office. This is the highest the annual rate has been since August 2018 when it reached 1.2%. The price rises hitting Swiss pockets the hardest over the last 12 months include rent […]
Swiss government deficit for 2021 revised down
The latest forecast for 2021 shows a deficit of CHF 14.8 billion, down CHF 2.6 billion from an earlier forecast shortfall of CHF 17.4 billion. The deficit is driven mainly by the extraordinary cost of responding to the Covid-19 pandemic. The federal government expects to spend CHF 4.1 billion on vaccines (1.2) and tests (2.5) […]
Switzerland wants to make it easier for some foreign students to stay
On 27 October 2021, the Federal Council put forward a plan to change the rules around foreign students working in Switzerland upon completing study at a Swiss university. The proposed rules would allow those graduating from Swiss universities with masters or doctorates in fields with a shortage of workers to work in Switzerland more easily. […]
Switzerland hatches plan to use roads and railways to produce electricity
On 27 October 2021, the Swiss government adopted a report setting out how Swiss motorways and railway lines could be used to generate more than 100 GWh of electricity a year. Calculations in the report show that solar panels placed on noise reduction barriers running along the edges of motorways and railway lines in Switzerland […]
Swiss government moves closer to legalising cannabis
This week, a Council of States commission accepted a plan to regulate the cannabis trade in Switzerland, reported 20 Minutes. This decision by the public health commission follows an earlier one by a parliamentary commission looking at the same question. The way is now clear for parliament to create a new law that lifts the […]
