Banking & Fintech

Swiss take their champagne in moderation

This content was published on Dec 31, 2000 The latest figures from the federal customs office show that the Swiss are starting 2001 with a lot less fizz than last year. Between January and November 1999, Switzerland imported some 11,5 million litres of bubbly – an impressive figure for a population of little over seven million. But now it appears that around one…

Swiss market benefits from global turbulence

This content was published on Dec 30, 2000 Few markets finished the year higher than in 1999 as the collapse of confidence in the high-tech sector took its toll. But the main beneficiary of the swing back to old economy blue chips has been Switzerland’s stock exchange. In recent years, the Swiss Market Index (SMI) has lagged behind its European counterparts as old…

Heavy snow causes winter travelling woes

This content was published on Dec 29, 2000 The snowline in the southern canton of Ticino fell to 400 metres and up to 30 centimetres of snow was recorded. But as holiday-makers and commuters hit the roads, the icy conditions made driving conditions difficult. Two people died in a car accident in canton Bern, while in Graubünden, police reported dozens of traffic accidents.…

Clowning around in luxury

This content was published on Dec 29, 2000 The people of Burgdorf don’t like to boast, even though they live in one of Switzerland’s best-preserved medieval towns with the largest castle in the country. And now they have a few more things to boast about, including Switzerland’s smallest five star hotel, which has just been refurbished, and a “Pantomine” restaurant, run by a…

Experts warn economy is heading for slowdown

This content was published on Dec 29, 2000 A survey of 23 economists, released on Friday, is predicting growth of 2.3 per cent in 2001 and 2.1 per cent in 2002. They also expect export growth to slow to 5.2 per cent in 2001 and 4.7 per cent the year after. In a statement from Zurich, the Business Economists’ Association, which carried out…

A roller coaster year for Swiss business

This content was published on Dec 29, 2000 One company that was rarely out of the news as 2000 progressed was the country’s biggest telecommunications firm, Swisscom. There were a number of highs and lows for the company and its workforce. In February, Swisscom launched its WAP service allowing Internet access through mobile phone technology, and in summer it announced plans to spin…

Sleigh-ride through an Engadine wonderland

This content was published on Dec 29, 2000 About a dozen horse-drawn sleighs take part in the event, which begins in the first weekend of January in the village of Pontresina. It is then repeated in the other villages in the valley, including St Moritz, over the following weekends in the month. The men, dressed in tails and top hats, take care of…

Fantastic slashes workforce to get out of the red

This content was published on Dec 28, 2000 The Zug-based enterprise said on Thursday that it was also planning to merge several of its sales offices to cut costs. It added that slow growth in the broadband technology market had hit revenues hard. The company expects to complete the reorganisation within six months. A major plank of its strategy is to extend its…

Inflation reaches highest level for five years

This content was published on Dec 28, 2000 Figures released by the federal statistics office on Thursday show that inflation has risen above one per cent in Switzerland for the first time in four years – in 1995 it reached 1.8 per cent. The office says the main factor driving prices higher was a hike in the prices of imports, which rose by…

Swiss industrialist and diplomat, David de Pury, dies

This content was published on Dec 27, 2000 De Pury died in hospital in Zurich, a spokeswoman for his consultancy company said on Wednesday. He was suffering from cancer. A former diplomat, he negotiated on behalf of Switzerland at the Geneva-based General Agreement on Tariffs and Trade (GATT) – now the World Trade Organisation. He held a number of government posts between 1970…

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Banking & Fintech

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Swiss take their champagne in moderation

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Swiss market benefits from global turbulence

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Heavy snow causes winter travelling woes

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Clowning around in luxury

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Experts warn economy is heading for slowdown

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A roller coaster year for Swiss business

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Sleigh-ride through an Engadine wonderland

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Fantastic slashes workforce to get out of the red

More

Inflation reaches highest level for five years

More

Swiss industrialist and diplomat, David de Pury, dies

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