Archive – Banking & Fintech

Pressure mounts for savings as health costs soar to SFr40 billion

This content was published on Jul 10, 2000 Announcing the latest figures the interior minister, Ruth Dreifuss, said cuts in health care were needed to bring down costs, including a reduction in the number of doctors. She said the costs were becoming too much of a burden for many households. Overall expenditure on health is now SFr40 billion a year, half of which…

SAir plays down reports of crisis

This content was published on Jul 9, 2000 The head of SAir, Philippe Brugisser, admitted that the rise in fuel prices, as well as the group’s involvement with other airlines, had presented financial problems. One Swiss newspaper reported the company is losing SFr3 million a day. The Sonntagszeitung said the national carrier, Swissair, was losing SFr1 million and SAir’s involvement in the LTU…

Crossair plans memorial for victims of January crash

This content was published on Jul 9, 2000 The acting director of Crossair, Fritz Gotz, said the land on which it will be built has been donated by the parish of Nassenwil. It is not yet known what the memorial will look like, but the airline said it plans to have “something discreet.” The memorial will stand some 100 metres from the field…

Swiss motorists kick off summer holiday with massive traffic jams

This content was published on Jul 8, 2000 Hundreds of motorists are heading towards Italy for a summer break but ended up in tailbacks stretching for kilometres. At midday on Saturday, the A2 between Amsteg and Göschenen had an 11 kilometre queue, with drivers having to wait up to three and a half hours before traffic began to move again. There was a…

The business week in Switzerland

This content was published on Jul 8, 2000 The airline industry was rocked by the surprise resignation of Swissair’s president and chief executive officer, Jeffrey Katz. Katz is leaving the airline after just three and a half years to take up a position with an e-business company in the United States. He said it had been a privilege to lead the company but…

Luxury hotels bought by Luxembourg company

This content was published on Jul 7, 2000 At a news conference in Zurich, the Richemond Hotels Holding company of Luxembourg said the aim was not to build a hotel chain but to have a collection of hotels, each with its own style. The group is to invest more than SFr100 million in the five star hotels listed below:· the Richemond in Geneva·…

Tourists rediscover Switzerland

This content was published on Jul 7, 2000 The ministry is predicting that the number of nights spent at hotels around the country will increase by 4.2 per cent this season, compared to the same period last year. It put the leap down to a strong global economy and domestic measures to improve the competitiveness and attractiveness of holidays in Switzerland. Foreign guests…

Mikron launches activities in the American mobile phone market

This content was published on Jul 7, 2000 In a communiqué, Mikron said the factory at San Antonio in the state of Texas would be ready for production from the fourth quarter of this year, supplying components to the Mikron Infocom Technology Division. Texas is regarded as one of the most important growth areas for the US mobile telephone industry. To provide it…

Swissair keeps monopoly on flights from Geneva to Barcelona

This content was published on Jul 7, 2000 Federal law allows Swissair a monopoly on the lines it currently serves until 2008 at the latest. However, for many European lines the monopoly will go when the bilateral accords with the European Union come into effect. That will probably happen next January. In the meantime, the government can rescind Swissair’s monopoly on individual services…

Unemployment keeps on falling

This content was published on Jul 7, 2000 Figures released by the State Secretariat for Economic Affairs show that 65,962 people were jobless in June, 3,826 fewer than the previous month when unemployment stood at 1.9 per cent. The head of the Secretariat’s labour division, Jean- Luc Nordmann, believes that the decline in unemployment will slow down over the coming months. He says…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Pressure mounts for savings as health costs soar to SFr40 billion

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SAir plays down reports of crisis

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Crossair plans memorial for victims of January crash

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Swiss motorists kick off summer holiday with massive traffic jams

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The business week in Switzerland

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Luxury hotels bought by Luxembourg company

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Tourists rediscover Switzerland

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Mikron launches activities in the American mobile phone market

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Swissair keeps monopoly on flights from Geneva to Barcelona

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Unemployment keeps on falling

Popular Stories

Most Discussed