Import quotas to protect farmers from outside competition are tightly managed in Switzerland. However, when Swiss farm production dips or demand rises, quotas are often eased to allow more low tariff imports. This week, Switzerland’s government extended quotas on butter and potatoes in response to shortages. On 22 June 2021, Switzerland’s Federal Office for Agriculture […]
Switzerland tops innovation in Europe in 2021
In 2021, Switzerland had the highest innovation score in Europe, according to a report published by the European Commission this week. Switzerland’s innovation score of 162.3 put it comfortably ahead of Sweden (156.5), the European nation in second place. The score measures innovation across 12 areas, which include workforce education, research systems (international research publications), […]
Basel to become the fifth canton with a minimum wage
Over the weekend, a majority of voters in the canton of Basel-City voted in favour of a minimum wage of CHF 21 (US$ 23) an hour. The move will make Basel-City the first German-speaking Swiss canton to adopt a minimum wage, following in the footsteps of Geneva, Neuchâtel, Jura and Ticino. Until fairly recently Switzerland […]
Swiss to vote on CO2 taxes. How much could it cost?
On 13 June 2021, Swiss voters will decide on whether to accept a government plan to raise taxes on certain high emission activities, which include additional taxes on heating oil, flights and petrol and diesel for road use. The aim of the revised law is to change behaviour and reduce Switzerland’s emissions. The amount that […]
Swiss unemployment continues to fall in May
By the end of May 2021, the percentage of Switzerland’s workforce registered as out of work had fallen to 3.1%, down from 3.3% in April 2021. The figures are based on those registered as unemployed at regional employment centres and exclude many of those that have been out of for more than two years and […]
Swiss president warns EU against reprisal after collapsed negotiation
Last week, negotiations between Switzerland and the EU ended after failure to find agreement on key elements of a deal governing the relationship between Switzerland and the bloc. Over the weekend, Switzerland’s president Guy Parmelin defended the abrupt break in negotiations and sent a clear message to EU strategists in Brussels. Speaking to the newspaper […]
Sharp drop in hours worked in Switzerland in 2020
The total number of hours worked in Switzerland in 2020 dropped by nearly 4% compared to 2019, announced the Federal Statistical Office this week. In a year marked by the Covid-19 pandemic total hours worked in Switzerland dropped by nearly 300 million or 3.7% compared to the previous year. In 2019, 7.9 billion hours of […]
Nearly two thirds of Swiss support EU framework agreement, suggests poll
Switzerland and the EU have been working at failing to agree on a new agreement on Switzerland’s relationship with the EU for sometime now. One point of negotiating leverage used by Switzerland is that Swiss voters would reject the deal proposed by the EU in a referendum. However, a recent poll suggests that might not […]
40,000 hotel and restaurant jobs lost in Switzerland in 2020
Recent data show that Swiss hotels and restaurants shed 40,000 jobs in 2020 as a result of the coronavirus pandemic, with restaurants reliant on business travel hit the hardest, according to RTS. These figures do not include the effects of the pandemic beyond the end of 2020 and therefore exclude the impact of the pandemic […]
Swiss consumer sentiment nearly back to pre-crisis level
Consumer sentiment among Swiss households is improving, according to Switzerland’s economic affairs office (SECO). In April 2021, the consumer sentiment index climbed back to -7 points after reaching a low of -40 in early 2020. The level of -7 is close to the pre-crisis level of early 2020 and close to its long term average […]
