Banking & Fintech

Ares-Serono profits surge

This content was published on Mar 1, 2000 The biotechnology group, Ares-Serono, has exceeded all expectations by announcing a 141 per cent increase in annual income. The net profit of SFr297.5 million was achieved on annual sales of just over SFr1.67 billion. Turnover for the previous year was SFr1.5 billion. The Geneva-based company said the increase was largely due to a 43 per…

Machine industry sees increased growth in 2000

This content was published on Feb 29, 2000 Switzerland’s machine industry expects an export-led recovery this year. The optimism is based on fourth quarter results for 1999, when orders went up 12 per cent compared with the same period in the previous year. “The forecasters are predicting that orders will go up by ten per cent this year,” said Johann Schneider-Amman, president of…

Authorities seek to eliminate airport delays

This content was published on Feb 29, 2000 The Swiss authorities are taking measures to improve punctuality at Switzerland’s airports. The four main organisations concerned have put aside their disputes about who is to blame for the delays and joined forces to tackle the problem. The Federal Aviation Office, the national airline, Swissair, the Air Force, and Swisscontrol, the autonomous air traffic control…

Von Roll to cut 650 jobs

This content was published on Feb 29, 2000 The engineering group, Von Roll, says it is cutting 650 jobs after a disappointing set of results for 1999. The job losses add up to 10 per cent of the company’s workforce and will affect employees in Switzerland, France and Italy. A statement said retirement and non-replacement of departing staff would account for 300 of…

Inflation stable despite consumer price rises

This content was published on Feb 29, 2000 Consumer prices have risen slightly in February, while the rate of inflation remained stable. According to the Federal Office for Statistics, the consumer price index rose 0.4 per cent to 106.1 points, while the annual inflation rate remained at 1.6 per cent. The largest price increases were in the food, drink and tobacco sectors, with…

Switzerland cultivates an entrepreneurial spirit

This content was published on Feb 29, 2000 A 24 year-old computer expert is demonstrating that Switzerland, too, can be a land of opportunity for young entrepreneurs. Three years after founding his BNS company with a start capital of just SFr2,000, Stefan Buess is creating 140 new jobs in the town of Biel. Specialising in technical maintenance and communication, BNS will open its…

Swiss nuclear experts probe British safety controls

This content was published on Feb 28, 2000 Swiss nuclear experts have travelled to Britain as concerns grow that the Sellafield reprocessing plant (picture) may have sent fuel rods to Switzerland with falsified safety documents. It follows a scandal which cost the head of British Nuclear Fuels his job. Last October, a shipment of reprocessed nuclear fuel from British Nuclear Fuels reached Japan…

Lynx tension rises as three animals found poisoned

This content was published on Feb 28, 2000 The bodies of three lynxes have been found as new measures to ensure the survival of the big cats in Switzerland have been unveiled. It is believed the animals, a female and two young, had been poisoned. The dead lynxes were discovered near Rougemont, in canton Vaud. Autopsies are being carried out on the corpses…

New study predicts strong growth

This content was published on Feb 28, 2000 Exports and consumer spending will be the driving force behind a steady rise in economic growth in Switzerland, according to the Munich-based Ifo economic institute. Ifo says exports are set to increase by nearly five per cent this year. Also supporting the upturn will be a strong improvement in private consumption, which the institute sees…

Alpine Transport Protocol under fire

This content was published on Feb 27, 2000 The Transport Protocol to the 1995 Alpine Convention has attracted substantial criticism, following a wide-ranging consultation launched by the government last year. The Swiss People’s Party and the road transport industry reject the protocol outright, while environmental lobbies say it does not go far enough. The aim of the Transport Protocol, an addition to the…

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Banking & Fintech

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Ares-Serono profits surge

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Machine industry sees increased growth in 2000

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Authorities seek to eliminate airport delays

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Von Roll to cut 650 jobs

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Inflation stable despite consumer price rises

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Switzerland cultivates an entrepreneurial spirit

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Swiss nuclear experts probe British safety controls

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Lynx tension rises as three animals found poisoned

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New study predicts strong growth

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Alpine Transport Protocol under fire

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