The number of foreign investment projects across Europe fell by 4%, while in Switzerland it increased by over 50% to 89 projects, consulting firm EY said on Thursday.
The number of new jobs created by such foreign investments in the Alpine nation increased more than fivefold year-on-year to 1,781.
In terms of the number of new investment projects in Europe, the country ranking is led by France and the UK, with Germany as the largest single economy in Europe in third place. Switzerland is 12th. US companies were the biggest source of invesment.
Attractive business location
Switzerland remains a very attractive location as a gateway to the European market, said EY. It also has a tax system favourable to companies and individuals. An initiative to introduce minimum taxation rules has at least not had a strong impact on Switzerland’s attractiveness as a business location, the consulting firm added.
When taking into account investments made by Swiss companies in other European countries, Switzerland emerges as an even bigger player. With more than 12,000 newly created jobs, Switzerland ranks seventh among foreign investors in Europe, with the biggest share of Swiss company money flowing into Germany.
Adapted from German by DeepL/kp
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
Gotthard traffic queue hits 20km during holiday weekend
This content was published on
The traffic jam at the Gotthard north portal reached a length of 20 kilometres on the motorway between canton Nidwalden and canton Uri.
Swiss Interior Minister visits Cannes Film Festival
This content was published on
Swiss Interior Minister left the Cannes Film Festival on Saturday after three days of intensive dialogue, meetings and film screenings.
Swiss theatre director breaks with tradition at Vienna’s Rathausplatz
This content was published on
With the proclamation of the "Free Republic of Vienna", the start of the festival on Friday evening was unusually political.
Swiss foreign minister backs Berset at Council of Europe
This content was published on
Cassis described Berset as the "ideal candidate" to help the Council realise its aim of ensuring security and peace in Europe.
Gay conversion therapy banned in Swiss canton of Valais
This content was published on
On Thursday, the canton approved a new Health Act which includes a ban on therapies aimed at changing sexual orientation or gender identity.
This content was published on
Some aspects of pro-Palestine sit-ins have gone too far, but the right to protest and debate must be upheld, the student association has said.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.