Archive – Banking & Fintech

Swiss voters deluged with decisions

This content was published on May 18, 2003 The nuclear power, health costs and disabled rights proposals are likely to produce the closest results. The number of proposals is the highest to be voted on at a national level in one day since 1866. Seven of the proposals are people’s initiatives and will need the double majority of the popular vote and the…

Thousands of bikers converge on Bern

This content was published on May 17, 2003 The country’s biggest motorcyclist association, Pro Moto, has organised a mass demonstration outside the government building. Although the demonstration took place without bikes, the procession of bikers, making their way into Bern – at 80kmh – brought traffic around the city to a standstill. It was reported that over 35,000 motorcyclists came from all over…

New tunnel to ease motorway black spot

This content was published on May 16, 2003 The third Baregg tunnel will be accessible to drivers from mid-June, but tailbacks are not expected to improve before 2004. The Baregg is on the busiest stretch of motorway in Switzerland, which runs between Bern and Zurich. Traffic jams are an everyday fact of life. When the first tunnels were opened in 1970, only 15,000…

GM row puts pressure on Switzerland

This content was published on May 16, 2003 The environmental group says a US complaint over the EU’s ban on GM imports sends a clear signal to other countries not to impose similar restrictions. Earlier this week, the US filed a case at the World Trade Organization (WTO), threatening trade sanctions against the EU unless it quickly lifts its ban on GM produce,…

Swiss economy to stagnate in 2003

This content was published on May 16, 2003 Officials said the economy was expected to grind to a halt due to weak global demand and the strong Swiss franc. “The lack of an upturn in the global economy, particularly the eurozone, and the still rather firm Swiss franc… continue to hold back the Swiss economy,” Seco said in a statement on Friday. Seco…

OSCE addresses plight of smaller firms

This content was published on May 16, 2003 The three-day talks have been organised by the parliamentary assembly of the Organization for Security and Cooperation in Europe (OSCE). The meeting is the first time in the 12-year history of the OSCE that the parliamentary assembly has gathered in Switzerland. Barbara Haering, the OSCE parliamentary assembly vice-president, told swissinfo that this week’s meeting was…

Commuting on the rise in Switzerland

This content was published on May 15, 2003 Private vehicles are still the preferred means of transport, although there has been a slight increase in rail use. Figures released on Thursday showed that six out of ten people now commute to work – an increase of ten per cent on a decade ago. However, while more people are commuting, the amount of time…

The family gains political ground in Switzerland

This content was published on May 15, 2003 The trend is noticeable as the United Nations pays tribute to the traditional social unit on the occasion of International Family Day. “Not so long ago, economic circles and the more conservative sections of society wouldn’t have hesitated to advise people to think hard before having a family,” said Jürg Krummenacher, president of the federal…

Global downturn plagues tourism industry

This content was published on May 14, 2003 The three-day Zurich fair, which attracted over 400 tour operators from 40 nations, came on the heels of a dire forecast for the forthcoming summer season. A study released on Tuesday by the Basel-based economics institute, BAK, predicted a 3.2 per cent drop in hotel overnight stays this summer compared with last year. The figure,…

Biotech loses some lustre

This content was published on May 14, 2003 While the sector does continue to attract capital – more than € 1 billion last year – it is cautious capital. According to the report, entitled Endurance 2003, a total of €1.1 billion was invested in entrepreneurial biotechnology firms, the third highest total ever. Some 26 percent of the venture capital investments made in Europe…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss voters deluged with decisions

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Thousands of bikers converge on Bern

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New tunnel to ease motorway black spot

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GM row puts pressure on Switzerland

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Swiss economy to stagnate in 2003

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OSCE addresses plight of smaller firms

More

Commuting on the rise in Switzerland

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The family gains political ground in Switzerland

More

Global downturn plagues tourism industry

More

Biotech loses some lustre

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