Archive – Banking & Fintech

Franc blamed for demise of ski resort

This content was published on Jun 20, 2011 The decision sounds the death knell for the small resort located near the Italian border. Its four lifts, already at a standstill last winter, are set to be closed for good in the summer. It is a disappointing end for an ambitious development plan which began when a British investor responded to a newspaper article…

Recycling gives economy a boost

This content was published on Jun 20, 2011 For a country like Switzerland, which has few raw materials, recycling saves millions of francs in imports, according to the report drawn up by the Swiss Recycling association. In 2009 the Swiss collected nearly 70,000 tonnes of aluminium worth SFr140 million ($165 million). The same year 850,000 tonnes of scrap iron, 331,507 tonnes of glass,…

Russians halt nuclear fact finding visit

This content was published on Jun 19, 2011 The official reason given by Rosatom, the Russian State Nuclear Energy Corporation, which is responsible for Mayak, is that the plant is in a closed military area. In a statement issued by Axpo on Sunday, chairman Robert Lombardini said they were “very annoyed” at the fact that the visit, scheduled for the end of the…

Neuchâtel voters approve tax plans

This content was published on Jun 19, 2011 Turnout was less than 30 per cent, but of those who voted, nearly 77 per cent were in favour. The cantonal finance minister, Jean Studer, had previously described the reform as an essential “new social contract” with business. It is designed to end the canton’s extensive use of tax breaks, which has left only half…

Football rioters face transport clampdown

This content was published on Jun 19, 2011 Every season rampaging fans cause about SFr3 million ($3.5 million) worth of damage to trains. The damage caused after May’s cup final alone went into five figures. “Things can’t go on as they are,” Peter Füglistaler, head of the Federal Transport Office, told the Sunday newspapers NZZ am Sonntag and Le Matin Dimanche. The Transport…

Interest rates remain on hold

This content was published on Jun 16, 2011 The three-month interbank Libor range will stay the same at between 0.0 per cent and 0.75 per cent with a target rate of 0.25 per cent. The loose monetary policy is aimed at helping exporters survive the strong franc. While sales and orders have picked up in recent months, the margins of exporters have suffered…

White collar crime “certain to rise”

This content was published on Jun 16, 2011 The recent recession has enhanced the environment for white collar crime by slashing bonuses and share prices while increasing pressure on workers. Stretched companies are also struggling to devote enough resources to tackle the problem. Because the average fraud takes 3.4 years to detect, professional services group KPMG believes that many crimes may already be…

Saving money by crossing the Swiss border

This content was published on Jun 15, 2011 Klein’s customers are those people who want to avoid import charges and postal costs if they buy something from Germany over the internet. Foreign parcels that come to Switzerland by post or by private postal services are often accompanied by hefty service and customs charges. “It all started when a business partner of my husband…

SMEs prove optimistic in bank poll

This content was published on Jun 15, 2011 In this year’s survey, carried out by Credit Suisse economists, 51 per cent of the 1,800 companies surveyed see the overall impact of six selected megatrends as an opportunity, compared with 49 per cent last year. Megatrends is a term to describe the most important changes taking place in the coming years which will have…

Swiss firms muscle into Slovenian markets

This content was published on Jun 15, 2011 The country joined the European Union in 2004 and receives financial contributions from Switzerland as part of efforts to reduce social and economic disparities. Well-known brand names such as Landis+Gyr, Sibir, Geberit and Eternit as well as the pharmaceutical giant Novartis and the engineering company ABB are among the Swiss firms that have opened offices…

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Archive – Banking & Fintech

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Archive – Banking & Fintech

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Franc blamed for demise of ski resort

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Recycling gives economy a boost

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Russians halt nuclear fact finding visit

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Neuchâtel voters approve tax plans

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Football rioters face transport clampdown

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Interest rates remain on hold

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White collar crime “certain to rise”

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Saving money by crossing the Swiss border

More

SMEs prove optimistic in bank poll

More

Swiss firms muscle into Slovenian markets

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