Unemployment fell from 2.7% to 2.6% in September 2021 in Switzerland, with a sharp drop among those aged 15 to 24, reported RTS. By the end of September 2021, just over 200,000 people were looking for employment in Switzerland according to Switzerland’s standard measure, which is focused on those registered with the official unemployment office, […]
Swiss farmers hit back at nutritional labelling
Bulging waist lines and high rates of heart disease, cancer and type II diabetes are putting increasing pressure on healthcare systems, so the world is on the lookout for ways to tackle the problem. One is food labelling. But few producers want their products labelled as unhealthy. Swiss farmers are no exception. According to the […]
Swiss advisory firms exposed in Pandora Papers
The Pandora Papers, a leak of more than 11.9 million files from offshore service providers, reveal the widespread involvement of Swiss advisory firms in the set up of shell companies in tax havens. The recent Pandora Papers contain far more information than the Panama Papers, which were leaked in 2016 and resulted in the fall […]
Nespresso capsules cannot be protected, says highest Swiss court
The shape of the Nespresso coffee capsules is ordinary and unmemorable, according to Switzerland’s highest court, reported RTS. In Switzerland, inventions are protected for 20 years. After that they become part of the public domain and can be copied by anyone. Trademarked brands on the other hand last for 10 years with the possibility of […]
Swiss tax free shopping allowance set to be cut from 300 to 50 francs
Switzerland is expensive. The prices of certain items, such as some meats and dairy products are kept especially high by a combination of trade tariffs and import restrictions. A lack of retail competition further adds to prices generally. For some, shopping across the border is the preferred way to avoid high Swiss prices. Around CHF […]
Commission alarmed by the state of Switzerland’s soil
Ultimately, the plants we eat are made up of energy from the sun and compounds and elements extracted from the soil. Meat, eggs and diary are the same, just one step removed. This means the availability and nutritional value of food is heavily dependent on healthy soil. A recently released commission report raises the alarm […]
Number of vacant homes in Switzerland drops for first time in 12 years
Finding a place to live in Switzerland is difficult. Home availability is low and prices are high. On 13 September 2021, the Federal Statistical Office published data showing a sharp drop in the number of vacant homes since 2020, a development that will make home hunting harder. On 1 June 2021, there were 71,365 vacant […]
Swiss to vote on higher taxes for investors and company owners
On 26 September 2021, Swiss voters will decide whether to introduce a tax increase on money earned from company ownership and investments. The initiative named ‘Reduce tax on salaries, tax capital fairly’ aims to have income derived from investments and company ownership taxed at 150% of the rate applied to other income. The argument put […]
One more reason why Switzerland is so expensive
There are many theories on why the prices of certain goods and services are so high in Switzerland. A well-known economic phenomenon can be added to them. Theories that help to explain Switzerland’s high prices include, import restrictions and tariffs on products in protected industries like agriculture, high Swiss operating costs, anticompetitive deals struck by […]
Swiss economy bounces back from second Covid slump
Swiss GDP grew by 1.8% in the second quarter of 2021 after contracting by 0.4% in the first quarter of the year, according to figures published by Switzerland’s State Secretariat for Economic Affairs. Much of the bounce back was in the services sector as Covid measures were relaxed. Private consumption recovered strongly and industry also […]
