Last year, Christmas and Swiss national day (1 August) fell on weekends. Switzerland’s unions are calling for compensation for these “lost” holidays, reports the newspaper 20 Minutes. In Switzerland, when public holidays fall on weekends no extra day off or extra pay is provided by employers. Swiss unions are calling for these missed holidays to […]
Average annual healthcare costs hit 9,600 francs in Switzerland in 2020
Statistics published on 26 April 2022 show health expenditure in Switzerland rose to CHF 9,648 (US$ 10,8001) per person in 2020, making Switzerland (probably) the second biggest per-capita healthcare spender in the world – the OECD has not yet published 2020 expenditure for the US, which is typically the world’s highest spender. Healthcare spending rose […]
Swiss resorts record exceptional 2021/22 season
Swiss ski resorts bounced back in 2021/22 after the Covid-19 pandemic hit the industry hard, reports the Swiss association of mountain lift operators. March 2022 was a particularly good month for the sector. Dry sunny weather combined with the ending of Covid-19 restrictions led to a 32% year-on-year jump in the number of mountain lift […]
Swiss job market reaches new record
The number of Swiss job advertisements rose 47% in the first quarter of 2022 compared to the same quarter in the previous year, a record rise, reported the employment agency Adecco. Job hunters in Switzerland face much better prospects than they have in a long time, said the agency, particularly those with highly sought after […]
Swiss government prepares for electricity price shock
Switzerland’s leaders are concerned by the current volatility of electricity prices and have started planning for a potential disaster scenario, reported RTS. The war in Ukraine has impacted energy provision across Europe, said Swiss energy minister Simonetta Sommaruga on Thursday. Price movements have reached historical levels and could worsen if gas supplies from Russia stop. […]
Swiss bankruptcies jump in 2021
In 2021, the total number of bankruptcy proceedings opened against businesses and individuals rose by 9.1% compared with 2020, reported the Federal Statistical Office this week. At a cantonal level, Aargau recorded the greatest relative increase (+24.6%). The number of debt collection proceedings increased slightly, but remained within the average range of the past five […]
Switzerland continues to lead on patents per capita
On 5 April 2022, the European Patent Office (EPO) released data on European patent applications for 2021. With 8,442 filings across the year, Switzerland was ranked seventh overall behind the US (46,533), Germany (25,969), Japan (21,681), China (16,865), France (10,537) and South Korea (9,394). However, on a per capita basis Switzerland was first by a […]
Swiss health insurance could jump by 9% next year
According to the newspaper Le Matin Swiss health insurance premiums could rise by 7% to 9%, reported RTS. The future rise in the cost of health insurance is estimated based on data on the rising healthcare costs being passed on to health insurance companies. According to the data, costs rose during the second half of […]
Swiss inflation rises further in March 2022
On 1 April 2022, Switzerland’s Federal Statistical Office published March inflation data, which show prices 2.4% higher than one year ago. Switzerland’s consumer price index (CPI) increased by 0.6% in March 2022 compared with the previous month. Inflation was +2.4% compared with the same month of the previous year. Swiss prices were driven higher by […]
Nestlé pulls popular brands out of Russia
Under public pressure Swiss food giant Nestlé announced it would pull certain brands in Russia. After fierce criticism from Ukrainian politicians and members of the public the firm said it would continue to sell essential foods while pulling popular brands such as KitKat and Nesquik. A growing number of western brands have suspended their operations […]
