Today, figures on Swiss unemployment at the end of 2020 were published. At the end of December 2020, there were 163,545 people registered as unemployed in Switzerland, a figure 39.5% higher than at the end of 2019. At 31 December 2020, the number of job seekers was 260,318, a number 34.9% above the same figure […]
Swiss passport one of the most powerful in 2021
The Henley Passport Index ranks all the world’s passports according to the number of destinations their holders can access without a prior visa. Without taking temporary restrictions into account, Japan continues to hold the number one position on the index, with passport holders able to access 191 destinations around the world visa-free. This marks the […]
Swiss rents and property prices up in 2020 due to pandemic
The pandemic had a significant impact on Swiss real estate prices in 2020, according to industry experts. Contrary to initial fears that property prices would fall, prices have risen over the period. Over the year, the offer prices of stand alone houses rose by 5.6% while apartment prices jumped by 5.5% across Switzerland as a […]
Company bankruptcies fell sharply in Switzerland in 2020
Despite the economic impacts of the coronavirus, significantly fewer Swiss companies went bankrupt in 2020 than the year before, according to the business data company Bisnode. During 2020, 3,811 Swiss companies filed for bankruptcy, 19% fewer than in 2019. Sectors that experienced the greatest fall in bankruptcies include artisans (-174 bankruptcies), hotels and restaurants (-124), […]
Errors made managing pandemic, admits new Swiss president
According to RTS, Guy Parmelin, Switzerland’s president since 1 January 2021, told the newspaper SonntagsBlick, that between July and September the government underestimated the pandemic. “We thought we could contain the virus but in reality we were far from doing so”, he said. Not only politicians but also many specialists were surprised by the sudden […]
Pandemic dents financial optimism for 2021 in Switzerland
18% of Swiss adults are convinced their financial situation will worsen in 2021, according to a survey. This percentage is markedly higher than at the end of 2019 when the same figure was 13%. The rise in pessimism is largely linked to job insecurity. 68% are concerned they will face full or partial unemployment, while […]
Swiss Federal Council’s theme and photo for 2021
At the dawn of every new year, Switzerland’s Federal Council publishes a photograph along with a theme. This year the theme is gaining a fresh perspective of the familiar. The photo shows the seven members of the Federal Council along with the chancelier. From left to right are Viola Amherd, Simonetta Sommaruga, Ignazio Cassis (vice-president), […]
Switzerland’s president in 2021
Every year Switzerland gets a new president, who is also a member of the Federal Council, Switzerland’s seven-member executive. In Switzerland the role of president is largely ceremonial. The seven members of the Swiss Federal Council act collectively as the head of state. The president’s vote has no more weight than other Federal Council members. […]
Swiss petrol and diesel tax to rise on 1 January 2021
On 1 January 2021, Swiss pump prices are set to rise by 3.7 cents per litre. From 1 January 2021, the total taxes on a litre of petrol and diesel in Switzerland will be 77 and 80 cents respectively. At a price of CHF 1.50 litre, taxes will make up over half the price of […]
Christmas traffic down 84% at Geneva airport
Normally Geneva airport is overrun with passengers during the Christmas period. This year there were 84% fewer passengers than last year, according to RTS. Between 23 and 27 December 2020, there were around 47,000 passengers, down from the 300,000 that passed through the airport during the same period in 2019. The largest number of passengers […]
