(05.01.2024) The upward trajectory in bankruptcy filings persisted throughout 2023, marking a significant milestone. Nearly 15,500 companies closed their doors, reflecting a 2.9% increase compared to the previous year. This figure represents the highest ever recorded by the Federal Statistical Office (FSO).
(24.04.2024) Swiss companies have ramped up their efforts to combat cyber threats in 2024. According to PwC's Global Digital Trust Insights 2024 survey, safeguarding against cyber hacking now ranks as their top concern, with 65% of respondents highlighting it.
(17.04.2024) Economic recovery struggles persist in Switzerland. Raiffeisen's SME PMI dipped below the growth threshold in March 2024, with 47.9 points compared to February's 50.0. This downturn is largely attributed to decreased activity among industrial firms.
(10.04.2024) The Swiss financial sector successfully surmounted the economic challenges of 2023. According to the bank barometer from consulting firm Ernst and Young (EY), an overwhelming 96% of banks anticipate operational profit growth in 2024.
(03.04.2024) Switzerland's economic performance is projected to fall below the average in 2024. The Federal Expert Group on Business Cycles anticipates a GDP growth of 1.1%, adjusted for the impact of sporting events.
(27.03.2024) Despite decreased investments within the sector, the number of companies engaged in financial technologies (fintech) grew last year. According to a study by the Lucerne University of Applied Sciences and Arts (HSLU), the industry saw an increase to 483 firms in 2023, marking a 10.5% rise compared to 2022.
(20.03.2024) The Swiss labor market saw growth in 2023. In Q4 2023, non-agricultural businesses had 5.488 million positions. This represents a 1.7% increase annually and a 0.4% increase quarterly, according to the Federal Statistical Office (FSO).
(13.03.2024) The business situation in Switzerland has seen little change since autumn 2023. In February 2024, the Business Situation Indicator from the KOF Swiss Economic Institute stood at 14.0, which is 0.4 points higher than the previous month and 0.3 points higher than in October 2023.
(06.03.2024) The year 2023 proved to be exceptionally prosperous for Switzerland's hotel industry. According to reports from Switzerland Tourism and the Federal Statistical Office (OFS), the sector recorded nearly 41.8 million overnight stays, marking the highest total since record-keeping began in 1934.
(28.02.2024) Swiss SMEs took advantage of the strong franc to increase their investments in mergers and acquisitions of foreign companies. The total number of transactions reached 76 (+1.3%), a record figure since the beginning the consulting firm Deloitte began its study in 2013.
(22.02.2024) As stipulated by law, the interest rates for COVID-19 credits are reviewed on 31 March each year by the Federal Council and adjusted to market conditions if necessary. Therefore, the Federal Council could potentially adjust the current interest rates of 1.5% for outstanding credits up to CHF 500,000 and 2% for those exceeding CHF 500,000 at the end of March.
(21.02.2024) In 2023, according to the Federal Office for Customs and Border Security (FOCBS), exports declined by 1.2% and imports by 3.8%. However, the trade surplus – the second-largest ever recorded – reached 48.5 billion Swiss francs, compared to 42.8 billion in 2022.
