Data published on 17 March 2022 showed a 15.4% jump in Swiss exports in February 2022. The sharp rise in exports when combined with a 2.9% fall in imports led to a monthly trade balance of CHF 5.7 billion. This is the first time in history that Switzerland’s monthly trade balance has exceeded CHF 5 […]
Swiss Covid debts could take 13 years to repay
Responding to the coronavirus is likely to have added between CHF 25 and 30 billion to Swiss federal borrowing, a sum that will only be known when the final calculation is made at the end of 2022. Paying this back is expected to take 11 to 13 years. The federal government said that repaying this […]
Swiss inflation jumps sharply in February
The high inflation across the world is rippling as far as Switzerland. During the month of February 2022, Swiss prices rose 0.7%. Compared to the same month in 2021, prices were 2.2% higher, making this the highest price increase in two decades. The 0.66% monthly consumer price rise in February represents an annualised rate of […]
Swiss prosecutor requests maximum fine for Credit Suisse for money laundering
This week, Switzerland’s Federal Prosecutor requested that Credit Suisse be fined the maximum of CHF 5 million allowed under Swiss law for money laundering related to its dealings with a network of Bulgarian drug traffickers, reported RTS. The trial began two and a half weeks ago at the Switzerland’s Federal Penal Tribunal in Bellinzona. Two […]
Prices of dairy products set to rise in Switzerland
Dairy prices are rising globally. Higher global prices are expected to trigger price rises in Switzerland as local dairy farmers follow the global trend, reported 20 Minutes. Since the beginning of the year, the price of a tonne of dried milk has risen by around 16% to US$ 4,503, according to the website Global Dairy […]
Half of French households near Swiss border work in Switzerland
Recently published statistics show that more than half of the residents in certain parts of France were employed in Switzerland in 2018. The data, published by INSEE, a French statistics agency, found that more than half of households in the communes du Genevois, Pays de Gex and Annemasse-Les Voirons, all regions bordering Switzerland, contained family […]
Swiss employment reaches new record
Data published this week by Switzerland’s Federal Statistical Office (FSO) show that the number of active workers in Switzerland rose to a record 5.239 million by the end of 2021. The number of people employed at the end of 2021 was 1.9% higher than at the end of 2020. 5.239 million represents around 73% of […]
Netflix 40% more expensive in Switzerland
In Germany, the lowest-priced Netflix subscription is CHF 8,30 (EUR 7.99) a month. The same subscription in Switzerland costs CHF 11.90, a price 43% higher than in Germany. Given the large difference between German VAT(19%) and Swiss VAT (7.7%), all other things being equal, Swiss subscribers should expect to pay 10% less than German subscribers. […]
Swiss to pay extra for replay TV
Winterthur-based Init7 recently started charging extra for replay TV. Other providers are set to follow, according to 20 Minutes. Until recently, replay TV, which allows viewers to record shows and watch them at a time of their choosing, was included at no extra charge to subscribers. The problem with replay TV is that it allows […]
Swiss and British universities team up to press EU for Horizon access
Both the UK and Switzerland have lost access to the Europe-wide scientific research programme known as Horizon Europe. The UK dropped out when it left the EU and Switzerland when its bilateral talks with the EU broke down last year. The programme supports big projects that would not be possible at a national level. More […]
