(07.06.2023) The tourism sector is experiencing a more favorable period than expected. The Swiss Federal Institute of Technology Zurich's KOF Economic Research Center predicts an increase of 1.2 million overnight stays (+5%) during the summer, the first since the beginning of the Covid pandemic.
(07.06.2023) The Swiss secondary sector has continued its progress since Q1 2021. According to the Federal Statistical Office (FSO), production increased by 2.9% in the first quarter on a year-on-year basis. Its overall turnover also increased by 6.1%.
(31.05.2023) Switzerland has recently adjusted the regulatory framework for cross-border workers. While a taxation agreement has been signed with France, another agreement on social security is expected to relax rules for employees residing in Germany and Austria.
(31.05.2023)The tech industry (machinery, electrical equipment, metals, and related branches) remains in good shape, with a 4.9% increase in revenue in the first quarter on a year-on-year basis. However, the sector's outlook remains uncertain, according to the Swissmem industry association.
(24.05.2022) After a slowdown in the fourth quarter of 2022, imports and exports rebounded between January and March 2023. According to the Federal Office for Customs and Border Security (FOCBS), the trade surplus amounts to 8.3 billion francs.
(24.05.2023) The Swiss economy is suffering from global economic challenges. In April 2023, Raiffeisen’s PMI SME index fell slightly by 0.6 points to 51. The index thus remains within the expansion zone that it regained in March, after two months of contraction.
(17.05.2023) While the global economy faces major economic ups and downs, the Swiss biotech industry is proving resilient. According to the Swiss Biotech Report 2023, the sector's turnover in 2022 amounted to CHF 6.8 billion.
(17.05.2023) The Swiss economy is struggling to take off. After a slight uptick in optimism observed in January, the barometer of the KOF Swiss Economic Institute at ETH Zurich stabilized just below the long-term average in March, before settling at 96.4 points in April.
(10.05.2023) The first quarter of 2023 proved to be catastrophic for many companies in Switzerland. The consulting firm Dun & Bradstreet identified no less than 1,624 bankruptcies between January and March 2023, representing an increase of 36% compared to the same period a year ago.
(03.05.2023) A new system for almost instantaneous authentication of an electronic signature is being introduced in Switzerland. In collaboration with Swisscom and Swiss Post, PostFinance is launching Bankident. The aim is to simplify the usual identity verification procedures for contracts.
(03.05.2023) Part-time jobs have significantly increased in Switzerland over the past ten years. The Federal Statistical Office (FSO) reports that more than a third of the workforce now opts for part-time work. This type of employment has grown three times more than full-time employment (+14.7% compared to +4.4%).
