This week, Switzerland’s Federal Council decided to cut CHF 35 off the compulsory annual fee households must pay for public television and radio. The fee will fall from CHF 335 to CHF 300 by 2029, reported RTS. The fee reduction will happen gradually, falling to CHF 312 in 2027 and then to CHF 300 in […]
Swiss National Bank cuts interest rate
On 20 June 2024, the Swiss National Bank (SNB) lowered its key interest rate by 0.25% to 1.25%. According to Thomas Jordan, the head of the SNB, inflationary pressure has receded somewhat. The Swiss franc has recently appreciated against the Euro, reducing the price of imported good and services. If the franc appreciates it dampens […]
Nearly all French-speaking cantons to receive support from the others
Swiss cantons have very different tax bases, tax rates and spending. Until 2008, all cantonal taxes remained within cantons. Since then rich cantons have been required to support poor ones via the national financial equalisation mechanism. Next year, every French-speaking canton, with the exception of Geneva, will receive a financial boost from their wealthier German-speaking […]
Swiss Green Party launches vote to force home solar panel installation
This week, Switzerland’s Green Party started collecting signatures to launch a referendum. The vote would ask voters whether to accept a plan to force those renovating or constructing a new building to install solar panels, reported RTS. The Green Party says there are enough roofs in Switzerland to ween the country off imported fossil fuel […]
Swiss inflation in May erodes case for further interest rate cut
In March 2024, as Switzerland’s month-on-month inflation rate went to zero and the annual inflation rate dipped to 1%, the Swiss National Bank (SNB) cut its key interest rate from 1.75% to 1.5%. Some expected the bank to keep cutting. However, in both April and May 2024, monthly inflation returned, making further imminent rate cuts […]
Most Swiss empty-nesters not planning to downsize
Switzerland has one of the world’s tightest housing markets. Vacancy rates in cantons like Geneva (0.42%) and Zurich (0.53%) are extremely low. By comparison, the rate in New York City (1.4%) is around three times higher. The vacancy rate across Switzerland (1.15%) as a whole is lower than NYC. With such a shortage of housing, […]
Swiss premium relief vote shifts towards rejection
Rising health insurance premiums, which partly fund Switzerland’s healthcare system, are a key concern among Swiss voters. An initiative that aims to subsidise the premiums of those on low incomes will be put to voters on 9 June 2024. Had the vote taken place in April 2024, 56% of voters would have supported it. However, […]
Swiss universities triple fees for foreign students
Switzerland’s federal government is spending more than it collects. To improve its finances it is looking for additional revenue and costs that it can cut. This week, the government decided to charge foreign students at its two federal universities, EPFL in Lausanne and ETHZ in Zurich, three times what they currently pay, reported SRF. Switzerland […]
Swiss want to work less
More and more people in Switzerland want to work less, according to a study published by Swissstaffing, a placement agency umbrella organisation, reported SRF. A shortage of skilled workers is a perennial challenge in Switzerland. One potential solution is for part-time staff to work longer hours and extend retirement. However, reality is different. Swiss workers […]
Health insurance expected to rise in 2025
This week, the price comparison website Comparis published an article containing estimates of health insurance premium rises next year. It expects premiums to rise by an average of 6% in 2025. Despite average premiums rising 8.7% in 2024, some insurance companies will have thin reserves by the the end of the year, forcing them to […]
