Banking & Fintech

Central Swiss cantons join forces for economic promotion

This content was published on Dec 21, 2001 While most other cantons handle their own economic promotion, the inner Swiss cantons have been working together. Business Promotion Central Switzerland (BPCS), based in Lucerne, is a private agency that was set up by the cantons of Lucerne, Uri, Schwyz, Obwalden and Nidwalden in 1996. The director of BPCS, Josef Wechsler, told swissinfo that there…

There’s more to Zug than low taxes

This content was published on Dec 21, 2001 However, the low tax regime is only one of a host of reasons why companies choose to locate in the tiny central canton, according to the Zug Economic Promotion Office. At first sight the small city of Zug, nestled around a picturesque lake and surrounded by mountains, hardly appears a centre for big business. But…

Aargau holds its own among the heavyweights

This content was published on Dec 21, 2001 But it has long been a thriving centre for industry and business, and has attracted more than 40 new companies this year alone. Walter Cadosch of Aargau Services, the economic promotion office, told swissinfo that the canton’s location actually works to its advantage. “We depend on the economic growth of the big cities, but we…

Swiss home for English lawyer

This content was published on Dec 21, 2001 Many have taken a leading place in the Swiss business world and among them is English solicitor Howard Rosen, president of the British-Swiss Chamber of Commerce. Born in London in 1955, Howard Rosen studied law at Oxford University and then qualified as a solicitor in London. He now has a legal practice in Zug, which…

Road tunnel opening ends emergency rail service

This content was published on Dec 21, 2001 Within 24 hours of the closure of the tunnel on October 24, the Swiss Federal Railways were on track with a service to transport cars from Göschenen on the north side of the Alps in canton Uri to Airolo on the southern side in canton Ticino. “The past three months have certainly put a strain…

Travel business crosses fingers for Christmas

This content was published on Dec 21, 2001 Bookings with Switzerland’s biggest travel firm, Kuoni, collapsed after the terrorist attacks in the United States, forcing the firm to issue a profits warning -it says profits for 2001 will be just a tenth of the previous year – and to cut 500 jobs. It now expects a fourth quarter loss of around SFr57 million.…

Cantonal banks crippled by bad debts

This content was published on Dec 21, 2001 The crisis at Vaud cantonal bank (BCV) stems from its rescue of other struggling local banks in 1990s, and shows how vulnerable these cherished establishments are to non-performing loans. Following a new audit, the Lausanne-based BCV, the fourth biggest bank in Switzerland, announced it had debts of SFr2.3 billion. It said was increasing its credit…

IMD business school startup competition winners

This content was published on Dec 21, 2001 The winners qualify for consulting and coaching compliments of students enrolled in Master of Business Administration program. Four of the winners emerged from the Technopark PSE Lausanne: Gollian Interactive SA and Neocast SA will travel to Silicon Valley with a group of Executive MBA students for a tour and networking opportunities, while IR Microsystems SA…

Record losses for property insurers in 2001

This content was published on Dec 21, 2001 Swiss Re said the direct financial loss from major disasters in 2001 is expected to be more than $115 billion (SFr188.14 billion), of which more than $32 billion will be borne by the insurance industry. The economic losses are more than three times the annual average for the 1990s. The September 11 attacks in the…

Swiss foreign trade takes a dive

This content was published on Dec 21, 2001 Imports sank by 13.3 per cent compared to November last year to SFr10.48 billion ($6.41 billion), the biggest decline since January 1993. Exports from the machines and electronics industry went down by almost 10 per cent, while export turnover in watches fell by 4.6 per cent. The Finance Ministry in Bern said exports fared better…

Banking & Fintech

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Banking & Fintech

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Central Swiss cantons join forces for economic promotion

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There’s more to Zug than low taxes

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Aargau holds its own among the heavyweights

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Swiss home for English lawyer

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Road tunnel opening ends emergency rail service

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Travel business crosses fingers for Christmas

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Cantonal banks crippled by bad debts

More

IMD business school startup competition winners

More

Record losses for property insurers in 2001

More

Swiss foreign trade takes a dive

Popular Stories

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