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 […]
Switzerland imported a quarter of hydro electricity consumed in 2020
To keep the lights on Switzerland imports electricity. In 2020, 24% of the hydro electricity consumed in Switzerland was imported, along with small amounts of wind- and fossil fuel-generated electricity. In 2020, 50% of the electricity consumed in Switzerland came from Swiss hydro production. This was topped up by imports, which boosted hydro-sourced consumption by […]
ETH Zurich ranked best university in continental Europe
In a global university ranking done by Times Higher Education ETH Zurich was ranked 15th, the highest ranked university in continental Europe. The next continental European university on the list was the University of Munich (32nd). EPFL in Lausanne, Switzerland’s other Federal university was ranked 40th in a global ranking of more than 1,600 universities […]
US moves Switzerland to its highest Covid-19 risk level
On 30 August 2021, the US Centers for Disease Control and Prevention (CDC) raised the travel advisory risk levels of seven nations, including Switzerland, from level 3 (Covid-19 high) to level 4 (Covid-19 very high), the highest level. The CDC and US state department advise people in the US to avoid travelling to Switzerland and […]
Federal Council supports elimination of imputed rents for Swiss home owners
In Switzerland, home owners must add a fictional or imputed rent to their taxable income, which is calculated based on the home’s floor area. Proposals to eliminate imputed rent have been around for sometime. This week, the Federal Council came out in support of a plan to eliminate it put forward earlier by a commission […]
Almost all Swiss now out of Afghanistan
By 24 August 2021, all those working for the Swiss government and their close family members had either successfully left Afghanistan or made it to a secure part of the airport in Kabul, according to RTS. 15 Swiss citizens now remain in the country in addition to those at the airport. A total of 292 […]
Covid: Geneva minister wants unvaccinated to pay for hospital
On 20 August 2021, Mauro Poggia, Geneva’s health minister, recommended unvaccinated people cover part of their own hospitalisation costs and lost earnings compensation should they end up in hospital or be unable to work after catching the virus, reported 20 Minutes. Solidarity towards the unvaccinated has its limits, said Poggia, while pointing out that 90% […]
Majority of Swiss support gay marriage ahead of vote
Ahead of a vote aimed at stopping a legal amendments to allow gay marriage in Switzerland, a survey suggests a majority of Swiss voters favour the changes. According to a survey by Tamedia, 64% of the population said they plan to vote in favour of accepting the government’s amendment to Switzerland’s civil code allowing same-sex […]
Switzerland moves closer to paying second 1 billion to EU
After Switzerland ended talks with the EU on an institutional framework agreement aimed at replacing the country’s current patchwork of agreements with the bloc in May 2021, some in government have been focused on how to keep the EU on side. One obvious way to curry favour is to make the second 1 billion EU […]
