Archive – Banking & Fintech

Swiss pop gets the hard sell

This content was published on Jan 15, 2003 But a new organisation, known as Swiss Music Export (SME), is hoping to change all that. Officially launched in both Zurich and Lausanne this week, SME has set itself the challenging task of increasing international awareness of contemporary Swiss music. The association’s director Marc Ridet insists there’s plenty of talent in Switzerland, particularly in the…

Big rise in bankruptcies

This content was published on Jan 15, 2003 The Swiss business information agency, Creditreform, said a total of 8,802 bankruptcies were registered in 2002, up eight per cent on the previous year. Corporate bankruptcies were up 11 per cent, the first rise since 1997, while private bankruptcies were six per cent higher than in 2001. Creditreform blamed the “worse than anticipated” economy and…

Railway stations undergo transformation

This content was published on Jan 15, 2003 Swiss Federal Railways hopes that by turning once drab and dingy stations into bright, clean shopping centres it will attract more passengers. Zurich, Basel, Lausanne, Geneva, Winterthur and Lucerne stations are all scheduled for major makeovers, with renovation work in Bern main station almost complete. “If we want to move more people on to the…

Swiss top in attracting venture capital in Europe

This content was published on Jan 14, 2003 Innovative firms have raised more venture capital than firms in Belgium and the Netherlands. The total of €225 tracked by Windmill Reports, the organisation that conducted survey, was very close to the amounts raised in Denmark and Sweden. Observers familiar with the Swiss investment scene say that the country outperforms its size due to strong…

Where angels thrive

This content was published on Jan 14, 2003 It is a good thing too because the venture capital investors are not. Angel investors are active in the information technology sector in Switzerland giving young companies, too small or too risky for venture capital investors, the needed cash to develop the business. Startup companies, such as TelcoPay AG, AlpVision SA, SVOX AG, Seclutions AG,…

Swisscom to cut 1,050 jobs

This content was published on Jan 14, 2003 Trade unions have condemned the job losses, which are part of a wider cost-cutting programme that was decided in 2000. Swisscom announced on Monday that a further 600 jobs were to be shed – four per cent of the workforce – on top of the 450 already planned for this year. The company said in…

Switzerland remains second most globalised nation

This content was published on Jan 13, 2003 The third annual Globalisation Index revealed that only the Republic of Ireland performed better in 2001. The index – jointly compiled by the management consulting firm, AT Kearney, and Foreign Policy Magazine – measures economic, social, political and technological integration in 62 countries, using available data through to the end of 2001. Switzerland’s second place…

Swiss criticised over low-cost flights

This content was published on Jan 10, 2003 René Lüchinger, a leading aviation expert, warned that the move would alienate premium customers and confuse the company’s shareholders. Swiss on Friday announced that it would be offering what it calls “Easy Savers” on flights to London Heathrow, Paris, Barcelona and Nice, with prices starting from SFr99. These are all routes run by Europe’s leading…

Zurich on lookout for cheap coffins

This content was published on Jan 10, 2003 Unusually for Switzerland, Zurich still provides public funding so that its citizens can ‘enjoy’ free funerals. “All persons registered on the residents’ list are entitled to a free burial if they die in the city,” funeral service director Sergio Gut told swissinfo, “We reckon on around 4,000 deaths in Zurich every year so we have…

Rail corridor promises relief for Alpine passes

This content was published on Jan 9, 2003 The deal signed in Lugano aims to ease customs formalities, administrative rules and provide coordinated timetables. The “Memorandum of Understanding” foresees a railway corridor, which will extend from the Dutch port of Rotterdam to northern Italy. Most of Europe’s north-south traffic passes through Switzerland and the country sees more than 5,000 trucks journey through its…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Swiss pop gets the hard sell

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Big rise in bankruptcies

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Railway stations undergo transformation

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Swiss top in attracting venture capital in Europe

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Where angels thrive

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Swisscom to cut 1,050 jobs

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Switzerland remains second most globalised nation

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Swiss criticised over low-cost flights

More

Zurich on lookout for cheap coffins

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Rail corridor promises relief for Alpine passes

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