Some 581 construction firms went bankrupt between January and the end of June, out of 2,822 companies in all sectors, according to research group Dunn & Bradstreet.
The financial and service sector industries saw one of the largest percentage rises in bankruptcies with a 31% increase in businesses going bust. Some 30% more hotels and restaurants also went out of business.
“Bankruptcies increased significantly in all major sectors,” said Dunn & Bradstreet on Wednesday, highlighting a large number of service industry failures.
Amid uncertain economic conditions and a rise in interest rates, which makes it more expensive to get bank loans, the rate of start-ups declined compared to last year.
New additions to the Swiss company register fell 4% in the first half of 2022, particularly among financial start-ups that saw 27% fewer new firms than in the first six months of 2021.
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Swiss price watchdog negotiates lower fees for card payments
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Small businesses in Switzerland will have to pay fewer fees for cashless payments from customers over the next few years.
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Anyone who swims in a lake in Central Switzerland need have no fear of infection from intestinal bacteria. The water samples taken at 65 bathing sites in 13 lakes all have good to excellent bathing water quality.
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Unknown assailants have stolen a historic ring from a Basel museum. The stolen item was a gift from Russian Tsar Alexander I to his host in Basel in 1814.
More May hotel guests in Basel than at any time in past 90 years
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Basel hotels recorded 150,854 overnight stays for the Eurovision Song Contest in May. This corresponds to a year-on-year increase of 8.4%.
Demand remains high for rental flats in Switzerland
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More rental flats are once again being advertised on property portals in Switzerland. However, demand also remains very high.
One in five Europeans exposed to too much traffic noise
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More than one in five Europeans are exposed to unhealthily high levels of traffic noise, according to the European Environment Agency (EEA).
New living space through densification often comes at expense of the poor
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If demolition and new construction are carried out and tenants have to make way, low-income households are affected more often than average.
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The ceasefire in the Iran-Israel war has visibly eased tensions on the financial markets. The SMI, Switzerland's leading stock market index, has risen above the 12,000 point mark again.
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Bankruptcies rise as coronavirus bail-outs phase out
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The number of companies and individuals declaring bankruptcy rose 9.1% last year, which coincided with a gradual withdrawal of state-backed financial support during the Covid-19 pandemic.
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