In Switzerland, mothers are far more likely to have paid work than they were 30 years ago. In 2021, 82% had paid employment compared to 60% in 1991. Over this period, Switzerland has moved from one of the lowest European rates of working mums to one of the highest. However, a sizeable employment gap remains […]
Swiss central bank puts interest rate up this week
In November 2019 before the pandemic hit Switzerland, Thomas Jordan, the head of Switzerland’s central bank was warning that the bank might need to take interest rates below the unusually low -0.75% rate that prevailed at the time. Since then the rate has risen by 2.5% after a 0.25 percentage point rise announced on 22 […]
Swiss building costs continue sharp rise
Between October 2020 and April 2023, Swiss building construction costs rose by 13.9%. On an annualised basis the cost of building has been rising at a rate of 4.3% over this period, a rate higher than general inflation – the consumer price index rose 2.6% over the year to the end of April 2023. Building […]
Latest inflation forecast points to Swiss rate rise
The latest Swiss inflation forecast published this week by SECO points to a further rise in interest rates later this month. Although the expert group on business cycles continues to expect significantly below-average growth for the Swiss economy, with a rate of 1.1% in 2023, followed by 1.5% in 2024, its forecast inflation of 2.3% […]
Practically no gender pay inequality, shows Swiss study
A study done by the University of St. Gallen on behalf of the Swiss Employers’ Association published this week found there was practically no pay inequality between men and women in Switzerland, reported RTS. The study looked at analysis done on 461 companies in Switzerland using a federal government framework. According to the results 99.3% […]
Swiss to vote on higher company taxes
On 18 June 2023, Swiss voters will choose whether to accept the federal government’s plan to raise the company tax rate applied to large multinationals to a minimum of 15%. The minimum 15% tax, which will apply to any company with annual revenues of Euro 750 million or more, has essentially been forced on Switzerland […]
UBS gets 9 billion franc government guarantee for Credit Suisse deal
On 9 June 2023, UBS closed a deal with the Swiss government to cover 9 billion francs of potential losses it could incur from its takeover of Credit Suisse Group, reported Bloomberg. The guarantee relates to a specific portfolio of Credit Suisse’s assets currently valued at CHF 44 billion, equivalent to roughly 3% of the […]
Tobacco advertising could soon be effectively over in Switzerland
Switzerland has relatively accommodating rules regarding the advertising and sale of tobacco products. And it has correspondingly high smoking rates. That is likely to begin changing from next year, reported RTS. This week, the Federal Council sent parliament its position on how to implement the successful vote in February 2022 to ban tobacco advertising to […]
Men continue to dominate R&D in Switzerland
Data published this week by the Federal Statistical office show there are nearly twice as many men as women in research and development (R&D) in Switzerland. In 2020, 36% of R&D researchers were women (64% were men). In Europe, Switzerland trailed Iceland (45%), Portugal (43%), Spain (42%), Russia (39%) and Norway (39%) on this measure. […]
Switzerland remains among top on R&D investment
Data published this week show that Switzerland invested CHF 24.6 billion into research and development (R&D) in 2021, a sum 4% higher than in 2019 before the pandemic struck. With an R&D investment equivalent to 3.4% of GDP, Switzerland was fourth internationally behind only the United States (3.5%), South Korea (4.9%) and Israel (5.6%). R&D […]