On 26 March 2020, the Swiss National Bank (SNB) announced it would lend unlimited money to banks to shore up the economy. Its COVID-19 refinancing facility (CRF), is aimed at strengthening the supply of credit to the Swiss economy by providing the banking system with additional liquidity. The SNB said there would be no upper […]
Coronavirus: Swiss government presents shutdown exit plan
On 16 April 2020, the Swiss government presented its plan for emerging from Switzerland’s coronavirus shutdown. Over the last few days the number of recorded new daily infections has been far below the worst days experienced since the outbreak began. In March 2020, daily new cases regularly exceed 1,000, occasionally exceeding 1,300. Over the last […]
Coronavirus: Switzerland extends lockdown until 26 April
On 8 April 2020, Switzerland’s government decided to extend the country’s lockdown measures for a further week. In a press release the Federal Council said the measures would be extended for another week and then possibly progressively loosened before the end of April. The measures have proved to be effective with the spread of the […]
Coronavirus: Swiss tourism expected to lose 6.4 billion francs
Tourism is one of the sectors hardest hit by the coronavirus and the response to it. Figures from a study by HES-SO Valais published by the newspaper Blick suggest the industry will see revenues in Switzerland drop 18%, or CHF 6.4 billion, in 2020. The hotel sector alone, which generates around CHF 10 billion annually, […]
Coop and Migros: customers required to queue
Coop and Migros, Switzerland’s two largest supermarkets have decided to limit the number of people entering their stores, creating queues outside, according to RTS. To reduce the spread of Covid-19, shopper density has been reduced to one person per 10 m2, which drastically reduces the number of people allowed inside simultaneously. In addition, shopping in […]
Swiss health authority adds avoiding handshakes to coronavirus advice
In response to the increased spread of the novel Coronavirus Switzerland’s health authority has issued new hygiene advice, which includes avoiding hand shakes. This additional measure was added recently along with two others: dispose of used paper tissues in a sealed waste bin and always call ahead before going to the doctor’s or the emergency […]
Close to one fifth of households in Switzerland behind on debt payments
In 2017, 18.9% of Switzerland’s population lived in a household with outstanding debt repayments, a percentage that has rose from 17.7% over the proceeding 4 years. The most common forms of outstanding debts were taxes, health insurance premiums and phone bills. 9.9% of households had outstanding tax payments, 7.3% owed health insurance money and 5.2% […]
Swiss Post stops accepting parcels and letters to China
Swiss Post has said it will no longer accept packages addressed to China, according to Tribune de Genève. Because of the covid-19 virus, airlines have stopped or drastically reduced flights to China. This fall in air traffic has reduced postal service capacity to China by two thirds. Mail can still be sent if it is […]
Canton of Valais wants to make school skiing compulsory
For school pupils in canton Valais, skiing could soon be part of the curriculum under plans to create three obligatory snow sports days a year, the NZZ am Sonntag reports. Christophe Darbellay, the canton’s education minister, wants to get young people back on skis to ensure the future of the sport, which generated CHF 758 million […]
The labels that show how much more international retailers charge Swiss
To simplify labelling, many international retailers put recommended retail prices (RRP) for multiple nations on the same label, like the one below. Labels such as these show how much more Swiss customers are being charged compared to customers in other countries. The label above, from an item of clothing sold in Switzerland, shows how much […]
