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 minister accused of breaking constitutional principle
Constitutionally, the title of president in Switzerland is only ceremonial. All seven members of the Federal Council, Switzerland’s executive, have equal power and are required to govern by harmonious consensus, a principle known as collegiality. This means that all federal councillors are expected to present a united front to the public even when they don’t […]
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 […]
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 […]
