A parliamentary commission in Geneva is considering developing a radar to measure vehicle noise. The motion, put forward by the Greens and supported by others, is aimed at the noisiest road users. 13 out of 15 political parties are in favour of the plan. Only the Swiss People’s Party (UDC/SVP) was against it. The party […]
Running a Swiss business – changes in 2019
Nearly every year brings administrative changes for business owners and managers. The five most likely to be felt by Swiss SMEs this year are set out below. 1. Social insurance taxes The three main ones (AVS, AI, APG) remain the same in 2019. Together they come to 10.25% of salary, of which half is deducted […]
Federal council calls for more six-lane motorways in Switzerland
Currently, only 100 km (6.8%) of Switzerland’s national motorway network has six lanes – typically three in each direction. 1,311 km (90%) of the network has four lanes, with a remaining 47 km (3.2%) consisting of five lanes. According to NZZ am Sonntag, and reported in 20 Minutes, the Federal Council wants to expand the […]
Lenders pay to lend money to Switzerland
On 28 December 2018, Italy issued government bonds maturing in 2028 at an effective interest rate of 2.7%1. Interest rates like this combined with the scale of Italian public debt (157% of GDP) mean Italian taxpayers spend more on public debt interest than they do on education. In 2015, Italy spent 4.1% of GDP on […]
Nestlé now Europe’s most valuable company
Volatile markets have been reshuffling the ranking of the world’s most valuable companies. Over the course of the last six months, Nestlé overtook Royal Dutch Shell to become Europe’s most valuable company. At the end of June 2018, Royal Dutch Shell had Europe’s highest market capitalisation (US$ 293 billion), making it the world’s 13th most […]
Swiss yellow vests protest a flop
On 5 January 2019, a Swiss version of the recent gilets jaunes (yellow vests) protest in France was born. The plan, publicized on social media, was to meet at various train stations around the country and take the train to Switzerland’s capital Bern to protest. However, in Geneva, only three people turned up, according to […]
Death of child in skiing accident acts as reminder of the dangers of reckless skiing
The recent death of a young girl in a skiing accident in Lenk in Switzerland has reopened the debate on how to deal with dangerous skiers. On 28 December 2018, a four year old girl, who was hit by a skier at the resort of Lenk in the canton of Bern, died in hospital after […]
Question of the week: do we need a retirement age?
Reaching the official retirement age1 is an important milestone for many people. Some look forward to it while others dread it. Some dreading it would prefer to continue working either because they enjoy their work or would like the extra income. Some feel they are being systematically and unfairly labelled too old to work. A […]
Swiss man arrested in connection with murder of Scandinavian tourists in Morocco has long criminal record
A Swiss man arrested in Morocco in connection with the brutal murder of two Scandinavian tourists has a criminal record and is suspected of being radicalised, according to the newspaper 20 Minutes. The man from Geneva has a criminal record for crimes committed between 2007 and 2013. His crimes include drug offenses, theft, burglary, property […]
New year swim in chilly Lake Geneva attracts 120 swimmers
On 1 January 2019, around 120 brave souls took the plunge into the cool waters (7 degrees) of Lake Geneva. The event, which started 22 years ago, kicked off around midday with a champagne celebration. According to Le Matin, the event was started by a local resident from Lapland in 1997. The first year, there […]
