As the 30 June 2019 expiry date for Swiss-EU stock market equivalence approaches, the National Council, Switzerland’s parliament, has given a clear mandate to extend negotiations over the nation’s relationship with the EU. The negotiations, which began in 2014, are centred on the Framework Agreement, an arrangement designed to replace the patchwork of deals Switzerland […]
Switzerland’s upper house wants incentives for people who work beyond 65
The gap between Switzerland’s official retirement age – 65 for men and 64 for women – and average life expectancy is long. Life expectancy at 65 is 20 years for men (85) and 23 for women (88). More and more people are questioning the viability of living for two decades or more without working, particularly […]
Swiss health insurance deductibles to remain changeable annually
One idea for containing rising healthcare costs was to remove the possibility of changing health insurance deductibles every year, making it possible only every three years. If people are able to switch from high to low deductibles annually then they can save money by opting for a high deductible one year, while postponing visits to […]
Young Swiss no longer on hook for parents’ debts
The National Council, Switzerland’s parliament, supported a motion that would end the transfer of debt from unpaid health insurance premiums to young adults, according to 20 Minutes. Under the current system, when young adults reach the age of 18 they must pay any health insurance premiums that were not paid on their behalf by their […]
Swiss government decides not to act on roaming charges
The National Council, Switzerland’s parliament, rejected a motion to force Swiss mobile phone operators to remove EU roaming charges. 99 voted against, 78 for and 14 abstained, according to the newspaper 20 Minutes. In 2017, the European Union (EU) forced EU operators to stop charging their customers extra for calls made outside their home country […]
Swiss government’s counter proposal to tackle high Swiss prices
Many new to Switzerland are shocked by the prices of things. High Swiss prices have not gone unnoticed by locals either, many of whom shop in neighbouring countries to avoid them. However, cross-border shopping hurts the environment – more time is spent in cars – and hurts local Swiss retailers. There are many reasons for […]
Assura to refund 30 million francs to policyholders
Switzerland’s third largest health insurer had a good year in 2018, according to recently published financial statements. Instead of holding onto all of the CHF 61.9 million profit it made last year, the not-for-profit company plans to return some of the money to policyholders between now and the end of the year. Around half of […]
A family apartment in Geneva close to twice the price of one in St. Gallen
On average, renting a 4.5 room apartment of 100 to 110 m2 costs CHF 3,820 a month in Geneva. The same apartment in the Swiss city of St. Gallen costs CHF 2,004, 52% of the price, according to a report on rents in Switzerland’s ten main cities by the price comparison website Comparis. For an […]
The 3 things driving Geneva’s residents to shop in France
A recent study by Geneva’s department of economic development (DDE) looks at the shopping habits of its residents and the residents of neighbouring Vaud and neighbouring France – an area including Nyon and parts of the French Ain and Haute Savoie regions. Every year, the residents of this greater Geneva region spend around CHF 7.2 […]
Switzerland’s workforce participation – Swiss versus foreigners
In 2018, 68.5% of the nation’s residents aged 15 or older was working, 1.5% more than in 2010. This rise was largely driven by an increase in the percentage of women in the workforce. In 2010, 60.0% were working. By 2018, 62.9% were, a rise of 2.9%. On the other hand, the overall percentage of […]
