Banking & Fintech

Swiss offer bridging loan to Yugoslavia

This content was published on Jul 3, 2001 The loan will allow the European Union to proceed with planned financial aid to Yugoslavia, worth over SFr450 million. Once the first EU transfer is completed, Belgrade should repay the Swiss within seven days. The Swiss government agreed to make the loan available after the Balkan nation asked for financial help. Yugoslavia is part of…

Inflation slows in Switzerland

This content was published on Jul 3, 2001 The Federal Statistics Office said June inflation was up 0.2 per cent on May and up 1.6 per cent compared with June 2000. Gilbert Vez of the Statistics Office said it was difficult to predict whether the July annual figure would be lower too. “It is always very hard [to predict] because of the oil…

Swissair makes new offer to Belgian authorities

This content was published on Jul 3, 2001 Under the new deal proposed on Monday, Swissair and the Belgian government would jointly invest 275 million euros (SFr419 million), each paying half of the sum. Swissair says it would also agree to lend Sabena 30 million euros (SFr46 million), bringing the total amount to 305 million euros. The Swiss carrier has also said it…

Geneva leads the way in Switzerland on maternity benefit

This content was published on Jul 2, 2001 Switzerland is the last country in Western Europe not to offer working mothers statutory paid maternity leave, despite such a benefit being provided for in the constitution. It was the Swiss people’s decision to reject a federal maternity insurance scheme in a referendum in June 1999 that prompted Geneva to rush through its own programme.…

Dutch firm tight lipped about Adecco deal

This content was published on Jul 2, 2001 Reacting to reports in the Netherlands’ newspaper, “Het Financieele Dagblad”, Vedior’s head of corporate communications, John Nurthen, said: “We never said which parts we considered to sell or which parties we talked with.” Het Financieele Dagblad reported on Monday that Vedior had held talks with several parties, including Adecco, about the sale of its Vedior…

Swiss firms offered sweeteners to curb greenhouse gases

This content was published on Jul 2, 2001 The government said on Monday that the planned tax could be avoided altogether if Swiss companies meet emissions’ targets agreed under the United Nations Kyoto Protocol on climate change. Under the terms of Kyoto, greenhouse gas emissions must be reduced by between eight and 15 per cent below 1990 levels by the year 2010. To…

Spotlight shines on Africa at Crans Montana Forum

This content was published on Jul 1, 2001 Africa’s integration in the global economy is essential if the continent wishes to reap the benefits of globalisation, said T. Sakho, African bureau director at the United Nations Industrial Development Organisation on Sunday. In an address on the last day of the conference in the Swiss Alps, Sakho pointed out that while sub-Saharan Africa is…

Swiss free trade deal with Mexico comes into force

This content was published on Jul 1, 2001 The new bilateral agreement, drawn up within the framework of the European Free Trade Association (EFTA), ensures that Switzerland can now enjoy the same levels of market access as the United States and the European Union. Mexico is Switzerland’s fourth most important trade partner in the Americas, after the United States, Canada and Brazil, with…

Banks yet to deliver Swissair bailout cash

This content was published on Jul 1, 2001 The contract announced by Swissair’s new chief executive, Mario Corti, has not been signed by Credit Suisse, Citibank and Deutsche Bank because a “number of strict conditions have not been fulfilled,” the Sunday paper reported. Switzerland’s biggest bank, UBS, pulled out of the deal, saying the loan was too risky. The banks have called on…

OSEC updates image and widens role

This content was published on Jun 29, 2001 Under it new CEO, Balz Hösly, OSEC – Swiss Export And Trade has evolved into OSEC – Business Network Switzerland and aims to take on a much wider role in the future. OSEC was founded in 1927 as the country’s official body for the promotion of foreign trade. Switzerland has now evolved into one of…

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Banking & Fintech

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Swiss offer bridging loan to Yugoslavia

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Inflation slows in Switzerland

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Swissair makes new offer to Belgian authorities

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Geneva leads the way in Switzerland on maternity benefit

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Dutch firm tight lipped about Adecco deal

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Swiss firms offered sweeteners to curb greenhouse gases

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Spotlight shines on Africa at Crans Montana Forum

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Swiss free trade deal with Mexico comes into force

More

Banks yet to deliver Swissair bailout cash

More

OSEC updates image and widens role

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