By international standards, unemployment payments are generous in Switzerland – typically 70% of salary. But they come with strict requirements for recipients to show they are engaging in actions deemed necessary to find work. With record numbers of unfilled jobs, pressure is now being put on some to change career, reported RTS. According to one […]
Swiss rents and property prices up in 2022
A sharp rise in rent in December 2022 (+1.1%) left the average Swiss rent 4.3% higher than at the beginning of 2022, according to the Swiss Real Estate Offer Index, published on 4 January 2023 by SMG Swiss Marketplace Group. This annual jump of 4.3% exceeds the annual CPI increase of 2.8% announced this week. […]
No money likely from the Swiss central bank in 2023
In good years the Swiss National Bank (SNB) distributes a portion of its profits to a number cantonal tax authorities, boosting their income. However, there will likely be no payments in 2023, reported the newspaper 20 Minutes. When the SNB was trying to moderate the rise of the franc it bought large quantities of assets […]
Cantonal and municipal tax burden to fall in 18 of 26 cantons in 2023
The percentage of economic output demanded by the tax authorities, sometimes referred to as the misery index, is set to fall in 18 of Switzerland’s 26 cantons in 2023, according to data published by the government this week. In 2023, the misery index will fall most in the cantons of Basel-City (-1.9 percentage points), Schaffhausen […]
Swiss inflation turns negative in December 2022
Over the month of December 2022, Switzerland’s consumer price index (CPI) fell by 0.2%, bringing the annual inflation rate for 2022 to +2.8%, according to Switzerland’s Federal Statistical Office (FSO). The modest deflation during December 2022 was driven by several factors including falling prices for fuels and heating oil. The prices for fruiting vegetables also […]
One in 20 jobs unfilled in Switzerland
As the end of 2022 approached, there were more than 250,000 unfilled jobs registered in Switzerland, equivalent to nearly one in every 20 jobs1. Out of the 264,069 vacancies recorded, nurses, electricians and managers were the most sought after employees, reported SRF. Together these three categories made up 10% of vacancies. On 15 November 2022, […]
Swiss gas consumption down nearly 30% in November
Switzerland consumed significantly less gas in November 2022, according to the Swiss Federal Office of Energy (SFOE). In November 2022, Switzerland imported 3084 giga watt hours of gas, 29% less than the monthly November average of the prior five years, reported RTS. October 2022 saw a similar year on year decline (-40%). However, despite lower […]
Financial pessimism in Switzerland worst in 6 years
A survey published on 27 December 2022 shows Swiss consumer sentiment is at its lowest since 2017. More than one in four of those surveyed expects their financial situation to deteriorate. Rises in health insurance premiums and energy costs were cited as the main reasons for financial pessimism by the 27.5% of people expecting their […]
1 in 4 changed health insurer this year
Sharply rising health insurance premiums appear to be a key driver behind 27% of people changing insurance provider in 2022, according to a survey by Comparis. Average premiums for 2023 are 6.6% higher than those for 2022. This sharp rise in premiums was cited as a key factor for changing insurer by 61% of the […]
Franco-Swiss deal reached on taxing remote workers
This week, after two years of negotiating, France and Switzerland reached an agreement on the tax treatment of workers employed in one country who work remotely in the other, announced the Swiss government. From 1 January 2023, up to 40% of an employee’s annual working hours can be worked from home without having any impact […]
