The previously announced half price plus rail pass, which has some of the features of an annual pass, will be available from mid-December 2023, reported Swiss Rail this week. The pass comes in three flavours: Half-Fare travelcard PLUS 1000, Half-Fare travelcard PLUS 2000 and Half-Fare travelcard PLUS 3000. They all work the same. You essentially […]
Swiss inflation down in November
After rising in October 2023, Swiss inflation dipped in November by 0.2 percentage points to bring annual inflation to 1.4%, reported Switzerland’s Federal Statistical Office (FSO) this week. November’s fall brings the rate 0.6 percentage points below the Swiss National Bank’s (SNB) preferred maximum of 2% – the SNB equates price stability with a rise […]
The high cost of training Swiss doctors
Switzerland has a shortage of doctors. Training more is one way the government hopes to alleviate the problem. However, the high cost of training and the high level of staff turnover are formidable head winds. In Switzerland, becoming a doctor requires six years of study. At an average annual cost of CHF 120,000, the total […]
Swiss widows pensions to be cut to remove discrimination
The rules around state pensions for widows and widowers are significantly different, something deemed discriminatory by a ruling from the European Court of Human Rights (ECHR) in 2022. To remove the discrimination, the federal government plans to cut pensions for widows to bring them into line with those for widowers. Currently, women get a lifelong […]
Switzerland’s birth rate – from baby boom to bust
Before the pandemic, the number of births in Switzerland was falling. Then the number shot up as the pandemic waned. Between 2020 and 2021 the birthrate rose by 4%. However, in 2022, the rate fell by nearly 10%, according to Switzerland’s Federal Statistical Office (FSO). In 2022, the birth rate was lower than it has […]
Every third Swiss childcare centre loss making
Finding a place in a Swiss nursery is difficult. Running one is also challenging. Around a third are failing to breakeven, reported SRF. A study by the Swiss childcare association Kibesuisse found that a third of the nurseries surveyed made a loss. In addition, the centres lacked qualified staff. 95% of the daycare centres surveyed […]
International Olympic Committee drops Swiss bid
The Winter Olympics will not take place in Switzerland in 2030, decided the International Olympic Committee (IOC) this week, reported SRF. The IOC said it is refusing to allow the Swiss project to enter the next application phase, known as targeted dialogue. This means France will almost certainly be awarded the games for 2030, with […]
Zurich world’s most expensive city (again)
According to the Economist’s annual ranking of cities, Zurich came out top in the report published on 29 November 2023. Tied in first place this year were Singapore and Zurich. Singapore is no stranger to the top spot: it has ranked as the priciest place to live in nine of the past 11 years. Groceries, […]
Swiss deficit: federal government discusses higher taxes
Switzerland, a nation with a reputation for well managed finances, like much of the world is struggling to cover rising costs. Projected spending on the military and state pensions are key challenges. Spending on refugees and healthcare are additional head winds. The federal government has been looking hard for savings. However, this week talk turned […]
Swiss rents set to rise after mortgage rate rise
On 1 December 2023, Switzerland’s Federal Housing Office announced the reference mortgage interest rate for rental agreements will rise from 1.50% to 1.75%. The reference rate is mentioned in many Swiss tenancy agreements. If the rate goes up landlords can increase rents. If the rate goes down tenants can demand lower rent. The rate is […]
