On 14 April 2021, Switzerland’s federal government announced it had spent CHF 14.2 billion more that it had collected in revenue in 2020. The loss represents the federal government’s consolidated excess expenditure for the year and is linked to the consequences of the Covid-19 pandemic, according to the statement. An additional CHF 16.8 billion was […]
Bio Suisse rejects anti-pesticide initiative in favour of its margins
The organic association Bio Suisse has come out against an upcoming referendum in June 2021 that aims to restrict Swiss farm income support payments to those who renounce the use of pesticide and the non-medical use of antibiotics on livestock. A popular reason for buying organic food is the concerns around the negative effects of […]
Minimum wage hurting young people in Swiss canton
Around three years ago, the Swiss canton of Jura introduced a minimum wage of CHF 20 an hour (US$ 21.65). Now there is political pressure relook at the move, according to RTS. A group of cantonal parliamentarians from the PDC (CVP) is pushing for a review of the situation in response to pressure from some […]
Cash makes a comeback in Switzerland during pandemic
At the beginning of the pandemic there were calls to avoid using cash for sanitary reasons. Contactless electronic payment was the recommended method of transacting. Last spring cash withdrawals from cash machines sank by 50% in Switzerland, according to the SIX Group. Across the whole of 2020, cash withdrawals from Swiss cash machines was down […]
Switzerland ranks in top 10 for gender equality
In 2021, Switzerland jumped from 26th to 10th (2020) in the WEF gender equality ranking. In 2021, Switzerland scored 0.798 overall – a score of 1.000 represents parity – up from 0.7000 in 2020. Top scoring Iceland came in at 0.892. Other nations in the top 10 included Finland (0.861), Norway (0.849), New Zealand (0.840), […]
IMF praises Switzerland’s economic response to the pandemic
According to the International Monetary Fund (IMF), Switzerland has economically navigated the Covid-19 pandemic well so far. In 2020, the Swiss economy shrank by 2.9%, far less than many other advanced European economies. France (-8.2%), Germany (-4.9%), Italy (-8.9%) and the UK (-9.9%) all performed far worse. According to the IMF, the impact of the […]
Swiss bankruptcies fell by 7% in 2020
In 2020, the Covid-19 pandemic hit the Swiss economy. GDP fell by 2.9% compared to 2019. However, despite the fall in economic output the number of bankruptcies fell by 6.7% compared to 2019. In addition to a fall in the number of bankruptcies, the sum lost from closed bankruptcies fell 27%, after adjusting for the […]
Unusually deadly avalanche season in Switzerland this winter
With the end of Switzerland’s ski season only weeks away, the number of avalanche deaths this season is already unusually high level. The average annual number of people caught in avalanches over the last 20 years is 177. This winter 296 people were affected, a 67% rise. 215 (73%) of the avalanches this season were […]
Inflation accelerates in Switzerland in March
During 2020, average annual inflation was –0.7%, according to Switzerland’s Federal Statistical Office (FSO). Since the beginning of 2021 it has begun to rise. In January 2021 inflation was 0.1%. In February it rose to 0.2% and it March it was 0.3%. Since the end of 2020, Swiss prices have risen by nearly 0.6% (0.56%). […]
Parliamentarian wants reference to God removed from Swiss constitution
Fabian Molina, a member of Switzerland’s National Council, has put forward a motion to have the wording of the preamble to Switzerland’s constitution changed, according to 20 Minutes. Molina, a member of the young socialists from Zurich thinks the wording of the preamble to the constitution, which opens with the words “In the name of […]
