Archive – Banking & Fintech

Galenica expands into French speaking Switzerland

This content was published on Aug 7, 2000 The Victoria group, based in Geneva, owns 11 pharmacies in French speaking Switzerland, employing a total of 180 staff. Galenica will close two of Victoria’s five administrative offices with the current board of Victoria continuing to work until the end of 2002. No figures were released on the cost of the deal. Galenica was founded…

Federal Railways defend recruitment of staff from abroad

This content was published on Aug 7, 2000 The recruitment of 100 drivers from Germany comes a month after the Federal Railways turned down the idea of recruiting abroad. An official statement said foreigners “lacked knowledge of the rail system, the technical side and the regulations”. Spokesman, Christian Kräuchi, justified the volte-face, saying an increase in traffic made it necessary to bring in…

Jomed sets sights on US market

This content was published on Aug 7, 2000 Jomed will fork out SFr349 million ($205 million) for its new acquisition, with most of the funding coming from a new share offer on the Swiss stock exchange. Jomed expects to raise SFr255 million through an issue of new stock, with the balance of the purchase price coming from cash reserves. EndoSonics is a leading…

Wet weather hits agriculture, triggering higher prices

This content was published on Aug 6, 2000 Swiss farmers are complaining they have lost crops and their land is becoming harder to work, following five weeks of rain which has effectively interrupted summer. The price of salads, beans, cauliflowers, courgettes and other products is up to 30 per cent higher than a year ago, Swiss television reported on Sunday. The president of…

The business week ahead

This content was published on Aug 6, 2000 The major domestic news on the economic front comes on Tuesday with the release of unemployment figures for July. In June the unemployment rate stood at 1.8 per cent, and analysts are now forecasting a further drop as the Swiss economy continues its economic recovery. Last week Swiss consumer price inflation came in at two…

Fireworks and film: this week in Switzerland

This content was published on Aug 5, 2000 For about 200,000 people, August 1 began with an increasingly popular brunch at the farm and was rounded off with a barbecue and the lighting of huge bonfires on almost every hill-top and a firework display. A more solemn element was provided by politicians up and down the country, chief among them the President, Adolf…

The business week in review

This content was published on Aug 5, 2000 The Swiss National Bank said there was no cause for alarm even though the inflation rate is now pushing at the limits of what the bank regards as price stability. It said that the increase was a temporary surge due to the high cost of fuel and that the inflation rate would stabilise along with…

Swiss banks approve $1.25 billion Holocaust settlement

This content was published on Aug 4, 2000 A joint statement issued by the banks said they had notified the responsible United States court of their acceptance of a series of amendments to an accord first signed in 1998. The amendments involve looted art, the further search for bank accounts, financing legal costs and the inclusion of insurance companies. The banks had been…

Swiss react positively to Adtranz sale

This content was published on Aug 4, 2000 Adtranz, which is owned by DaimlerChrysler and has its headquarters in Germany, announced last year that it was closing two plants in Switzerland, with the loss of 710 jobs. The sale has still to be approved by the relevant competition authorities. DaimlerChrysler boss, Jurgen Schrempp, said the sell-off would enable the company to focus on…

Lavin: a tiny village that moved a mountain

This content was published on Aug 4, 2000 Speeches were made in Switzerland’s fourth national language, Romansch. Alphorns blew. Dignitaries came from Berne. Television cameras rolled. The small community of Lavin was enjoying its moment in the sun. The event was to mark the official handing over of the plateau and its lakes to the Swiss National Park. It was quite an occasion…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Galenica expands into French speaking Switzerland

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Federal Railways defend recruitment of staff from abroad

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Jomed sets sights on US market

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Wet weather hits agriculture, triggering higher prices

More

The business week ahead

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Fireworks and film: this week in Switzerland

More

The business week in review

More

Swiss banks approve $1.25 billion Holocaust settlement

More

Swiss react positively to Adtranz sale

More

Lavin: a tiny village that moved a mountain

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