Archive – Banking & Fintech

Helping small business fight corruption

This content was published on Dec 11, 2003 In an effort to help them, a number of Swiss aid groups are working to boost the independence of fledgling enterprises by providing advice and credit. “Our members have long forgotten the communist mindset,” Sergei Lissunov, an adviser with the Bishkek-based Business Professional Network (BPN), told swissinfo. “We also don’t work with businesses that benefited…

Parliament agrees record spending cuts

This content was published on Dec 11, 2003 The House of Representatives and the Senate ironed out differences over funding for research, childcare facilities, tourism and ministers’ salaries. Parliament had been divided on the budget cuts, with the centre-right parties wanting deeper cuts, while the centre-left Social Democrats said the measures went too far. Both Houses and the finance ministry said on Thursday…

Glarus weaves its heritage into a theme trail

This content was published on Dec 11, 2003 In fact, the canton has successfully marketed the Glarus Industry Trail, which is nearly 40 kilometres long and seeped in 250 years of history. The old factory buildings that line the main valley in canton Glarus are evidence of a once thriving textile industry. Many of the old buildings are now manufacturing centres for plastics…

Merz takes fast track to the top

This content was published on Dec 10, 2003 Only elected to the Senate in 1997, Merz has quickly become one of the rising stars of the Swiss political scene. A self-confessed conservative, Merz speaks a language that hits home with much of the electorate, appealing to both the man in the street and business leaders. He is comfortable in front of the camera…

High costs mar Swiss business environment

This content was published on Dec 9, 2003 “Doing Business in 2004” found that Switzerland was amongst the countries with the least bureaucracy, ranking in the top ten of the 130 countries surveyed. The findings come amid moves to make Switzerland more attractive for start-ups and small and medium-sized enterprises (SMEs). The study considered criteria including the complexity of starting and winding up…

Seed funds for Swiss space tech transfer firms

This content was published on Dec 8, 2003 Its goal is to give help at an early stage to those wanting to start new ventures based on technology developed for space research – Swiss teams are invited to participate. As a long time member of ESA, Switzerland has completed a great deal of research and development in space technologies. In fact, some 60…

CTI-coached firms raise SFr 90 million in 2003

This content was published on Dec 8, 2003 This number represents a significant share, some 60 per cent, of the total amount of venture capital raised in Switzerland by innovative firms. A total of SFr150 million has been recorded year-to-date by Tornado Insider’s Research database, which tracks funding of growing, high-tech startup firms in Europe. CTI Start-up is an initiative of the Federal…

Swiss jobless rate hits four per cent

This content was published on Dec 8, 2003 The data signalled that job insecurity would dampen consumer confidence during the festive season. The State Secretariat for Economic Affairs (Seco) announced on Monday that the number of registered unemployed had risen by 5,339 to 156,598. “What is positive is that for the first time since March 2001, we had a seasonally adjusted decline in…

EU rejects Swiss complaint over flight ban

This content was published on Dec 5, 2003 The European Union on Friday rejected Switzerland’s request to overturn the restrictions, saying they were neither discriminatory nor disproportionate. The European Commission said the restrictions did not violate an aviation accord between Switzerland and the EU, as the Swiss government had claimed. The measures were imposed unilaterally by Germany and effectively ban night flights into…

Erb folds under a mountain of debt

This content was published on Dec 5, 2003 It is the worst company collapse in Switzerland since the national carrier, Swissair, was forced out of business last year. Erb is indebted to around 80 banks. The secretive Erb conglomerate, which includes the world’s number two coffee trader, Volcafé, and Switzerland’s number two car importer, said it had suffered mainly from bad real estate…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Helping small business fight corruption

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Parliament agrees record spending cuts

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Glarus weaves its heritage into a theme trail

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Merz takes fast track to the top

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High costs mar Swiss business environment

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Seed funds for Swiss space tech transfer firms

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CTI-coached firms raise SFr 90 million in 2003

More

Swiss jobless rate hits four per cent

More

EU rejects Swiss complaint over flight ban

More

Erb folds under a mountain of debt

Popular Stories

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