Archive – Banking & Fintech

Budget deficit SFr1.2 billion lower than expected

This content was published on Feb 16, 2000 The deficit in the Swiss federal budget has come out much lower than forecast. The finance minister, Kaspar Villiger (pictured), welcomed the improved position but warned against being complacent. The deficit for 1999 was SFr2.7 billion, instead of the SFr3.9 billion which had been predicted. The finance ministry ascribed the improvement to the growth in…

Couchepin to meet Indian prime minister

This content was published on Feb 16, 2000 Pascal Couchepin, the Swiss economics minister, is meeting the Indian prime minister, Atal Bihari Vajpayee, and the president, K.R. Narayanan, during the second day of his visit to India. It follows a busy first day, during which Couchepin met with members of India’s trade and industry association in Delhi. In a speech to delegates, he…

Couchepin to meet Indian prime minister

This content was published on Feb 16, 2000 Switzerland’s economics minister, Pascal Couchepin (pictured), will meet the Indian prime minister, Atal Bihari Vajpayee, and the president, K.R. Naryanan, on the second day of his visit to India. On Monday, Couchepin met members of India’s trade and industry association in Delhi. He said the partnership between Switzerland and India was important as part of…

Holocaust commission to track down rightful beneficiaries

This content was published on Feb 15, 2000 An international commission attempting to find the rightful owners of unpaid insurance policies dating from 1920-45, has launched a worldwide information campaign. Two Swiss companies are represented on the commission. Over the next four months, the International Commission on Holocaust Era Insurance Claims (ICHEIC) will run a large-scale campaign in Israel and about 70 countries…

Swiss increase their taste for chocolate

This content was published on Feb 15, 2000 Switzerland’s chocolate industry has had a bitter-sweet year, according to results just published by the industry’s professional association of factories, Chocosuisse. Domestic demand has grown but foreign sales dropped. Sales from the country’s 15 chocolate factories totalled just over 130 thousand tonnes in 1999, almost the same as for the previous year. Turnover rose by…

Switzerland places well in survey of bankruptcies

This content was published on Feb 15, 2000 The number of bankruptcies in Switzerland fell by four per cent last year, according to a new survey. It places Switzerland in mid-table in comparison to other European countries. A total of 8,500 companies went bankrupt in Switzerland in 1999, the lowest annual figure since 1991, and another sign the economy is moving out of…

Price regulator fires warning shot at Microsoft

This content was published on Feb 14, 2000 Switzerland’s price regulator is investigating pricing practices by the United States software group, Microsoft, following complaints by consumer groups that prices in Europe are higher than in the US. A statement from the price regulator, Werner Marti, said that the Windows 98 operating system and the Office 97 Professional productivity software suite showed there were…

Marilyn Monroe shoe fans feel the pinch

This content was published on Feb 14, 2000 A Zurich couple who hit the headlines after buying a pair of high-heel shoes which belonged to the film star, Marilyn Monroe, have run into trouble with Swiss customs officials. Daniel Amberg and Esther Kreis have been fined SFr3,300 and ordered to pay SFr4,000 in Value Added Tax after failing to declare the shoes when…

Savings customers fail to benefit from rate rises

This content was published on Feb 14, 2000 Interest rates in Switzerland are rising, but Swiss banks have so far failed to pass on the benefits to people with savings accounts. Although the Swiss National Bank has more than doubled its base rate since August 1999, rates for savers have yet to follow suit. Interest rates for savers with traditional accounts currently vary…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Budget deficit SFr1.2 billion lower than expected

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Couchepin to meet Indian prime minister

More

Couchepin to meet Indian prime minister

More

Holocaust commission to track down rightful beneficiaries

More

Swiss increase their taste for chocolate

More

Switzerland places well in survey of bankruptcies

More

Price regulator fires warning shot at Microsoft

More

Marilyn Monroe shoe fans feel the pinch

More

Savings customers fail to benefit from rate rises

More

More problems for Swissair’s MD-11s

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