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Government proposes ban on reprocessing nuclear waste abroad

This content was published on Mar 6, 2000 The Swiss government has proposed a ban on reprocessing nuclear waste abroad, and says a new law should also determine whether to lay down a time-limit for the lifespan of nuclear power plants. At its weekly cabinet meeting in Berne, the government decided to launch a wide-ranging consultation process on a draft law regulating these…

Swissair owner affected by slump in air transport sector

This content was published on Mar 6, 2000 The downturn in the air transport sector has hit results at Swissair owner, the SAirGroup. The latest figures show a decline in profits over 1999 of 24 per cent at SFr273 million. But analysts had earlier said profits would fall by around 30 per cent. Soaring fuel prices, the Kosovo conflict and frequent delays had…

Ascom plans to float subsidiary on stock market

This content was published on Mar 6, 2000 The Berne-based telecommunications group, Ascom, plans to launch its subsidiary iT_Security – active in security systems for the Internet and Intranet – on the stock market. Speculation about the move had pushed up the price of Ascom shares considerably over the past weeks. A statement said that iT_Security in Zurich was one of Europe’s leaders…

Experts optimistic on economy

This content was published on Mar 6, 2000 Financial experts in Switzerland are optimistic about the development of the Swiss economy. A survey among them published by the Swiss news agency foresees a rise in GDP of between 1.7 and 2.5 per cent for the year 2000. The growth forecasts for the fourth quarter of 1999 over the previous three months, vary among…

Sunday’s vote: Swiss consider ban on test tube babies

This content was published on Mar 6, 2000 An initiative to ban all medically-assisted procreation and sperm donation goes to a nationwide vote on March 12. The initiative “for procreation which respects human dignity” aims to stop all methods that might be “against nature”. Opponents of medically-assisted procreation believe that once fertilisation of a woman’s egg takes place, life exists, and add that…

Diax pursues inroads into telecoms market

This content was published on Mar 6, 2000 The telecommunications operator, Diax, has reported a successful 1999 business year with turnover totalling more than SFr500 million, 30 per cent more than expected. The Zurich-based company says it now has more than one million customers. A statement said that net profit also exceeded expectations but gave no figure. Diax said it anticipated turnover would…

Business week outlook

This content was published on Mar 5, 2000 A busy week awaits dealers on the Swiss market this week, with a clutch of major companies revealing their 1999 results and the publication of some key economic data. On Monday, the SAirGroup is set to reveal its latest figures in full. Analysts are expecting a 25 to 30 per cent drop in profits, which…

SAir president defends pension fund move

This content was published on Mar 5, 2000 The SairGroup, which owns the national carrier, Swissair, has converted part of the surplus from its pension fund into capital funds. The SAir president, Philippe Bruggisser (picture), defended the move, arguing that the group contributes more to the pension fund than its employees. However, he recognised that employees also have a right to the surplus.…

Maurer says welfare under threat

This content was published on Mar 4, 2000 The president of the Swiss People’s Party, Ueli Maurer (picture), says Switzerland’s spiralling welfare costs cannot be guaranteed in the long-term. His remarks came in an address to delegates at the party’s special congress in Altdorf. Maurer said Switzerland needs to strengthen its economy, in order to ensure its continued competitiveness and to carry out…

Appeal for visits to elderly and sick

This content was published on Mar 3, 2000 On Sunday, Switzerland will be marking the National Day of the Sick, an appeal to visit the ill and the elderly. It is also an effort to hightlight the work done by nurses and thousands of voluntary workers in caring for the sick. The idea to mark the first Sunday of March as a day…

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Government proposes ban on reprocessing nuclear waste abroad

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Swissair owner affected by slump in air transport sector

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Ascom plans to float subsidiary on stock market

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Experts optimistic on economy

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Sunday’s vote: Swiss consider ban on test tube babies

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Diax pursues inroads into telecoms market

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Business week outlook

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SAir president defends pension fund move

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Maurer says welfare under threat

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Appeal for visits to elderly and sick

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