Banking & Fintech

Walking with the wind

This content was published on Apr 22, 2002 In the space of an hour, the Discovery Trail takes the visitor from Switzerland’s largest solar power station, located on Mont-Soleil, to the country’s biggest Aeolian facility on Mont Crosin. The didactic tour begins in the small town of St-Imier, situated in an area of the Bernese Jura hills known as the “Franches Montagnes”, which…

Villiger welcomes efforts to reduce international debt

This content was published on Apr 21, 2002 Villiger described the proposed measures aimed at saving developing nations from insolvency as a “breakthrough,” but warned that such a complex programme required years of planning. During Saturday’s IMF meeting and separate talks between ministers and central bank governors from the Group of Seven major industrialized nations in Washington, officials also agreed to intensify efforts…

Japanese tourists bypass Switzerland

This content was published on Apr 20, 2002 The strength of the franc has become a handicap according to Japanese tour operators, who note that before September 11, Switzerland was easier to sell. Japanese tourists, especially the elderly, had no qualms about spending big to admire the Swiss Alps. However, the situation has completely changed, and Switzerland is having to work hard to…

Geneva converts to clean energy

This content was published on Apr 20, 2002 This will be the first time in Switzerland that all consumers in a given area will get to decide how their energy is produced. It is also the first time that the default energy will be 100 per cent renewable – in this case hydroelectric. “This gives every citizen a stake in his own future,”…

The dragon’s back

This content was published on Apr 20, 2002 The Lake Thun region in the Bernese Oberland last year celebrated the return of the lake’s mythical dragon – in the form of a ship. The Dragon Boat is now back for another season due to popular demand. The fire-breathing monster comes complete with a small play area for kids under its large tail and…

Hüppi quits Zurich Group chairmanship

This content was published on Apr 19, 2002 As head of Europe’s third largest insurer, Hüppi has come under fire for his expansionary strategy, and his dual role as chairman and CEO. Hüppi announced earlier this year that he would step down as CEO, but hold on to his post as chairman. In a statement on Friday, Hüppi said his resignation, as chairman,…

Mystery Park seeks more finance

This content was published on Apr 19, 2002 The theme park is being built on Interlaken’s former military airfield and is based on the books of best-selling Swiss author Erich von Däniken. Management of the SFr86 million project told a news conference on Friday that they had not ruled out delaying the opening of the park – scheduled for November 7 this year…

Economic forecast for 2002 revised downwards

This content was published on Apr 19, 2002 The outlook for next year, however, looks brighter. The Swiss Institute for Business Cycle Research (KOF) in Zurich forecast that growth in 2003 would be 2.1 per cent, slightly higher than the previous figure of 2 per cent it reported last October. “We think the Swiss economy will take off already in the second quarter.…

Experts release final report on deadly Gotthard fire

This content was published on Apr 18, 2002 Eleven people lost their lives in the tunnel when two trucks collided near the southern entrance, sparking a devastating fire. A team of accident investigators spent months combing through the wreckage of the burnt-out trucks in the search for clues as to how the fire started. Presenting the results of their six-month-long investigation into the…

Winter blues for Swiss hotels

This content was published on Apr 18, 2002 Statistics released on Thursday revealed that the number of foreign tourists staying overnight in Switzerland fell by nearly ten per cent during the 2001/2 winter season. According to the Federal Statistics Office, tourists from abroad notched up 4.19 million overnight stays in Swiss hotels between December and February – 460,000 less than during the same…

Banking & Fintech

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Banking & Fintech

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Walking with the wind

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Villiger welcomes efforts to reduce international debt

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Japanese tourists bypass Switzerland

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Geneva converts to clean energy

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The dragon’s back

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Hüppi quits Zurich Group chairmanship

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Mystery Park seeks more finance

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Economic forecast for 2002 revised downwards

More

Experts release final report on deadly Gotthard fire

More

Winter blues for Swiss hotels

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