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Geneva Motor Show celebrates 70th year

This content was published on Mar 1, 2000 Thousands of car enthusiasts from around the world have been descending on Geneva for the city’s 70th annual motor show.. The show’s organisers are predicting a record-breaking year with some 700,000 people expected to attend the ten-day event. Firmly established as one of the top four motor shows in the world, the Geneva exhibition is…

Swiss join relief effort for flood-stricken Mozambique

This content was published on Mar 1, 2000 Switzerland is supporting aid efforts for the flood victims in Mozambique. More than SFr2.2 million have been pledged by the government, non-governmental organisations and private donors. The foreign ministry has increased its aid to the stricken country to SFr1.8 million. The money will go towards food and medicine, as well as drinking water. The government’s…

ABB Switzerland pleased with 1999 result

This content was published on Mar 1, 2000 The Swiss subsidiary of the engineering group, ABB, has announced a four per cent drop in net profits to SFr251 million last year. However, that follows the spin-off of its electricity production division into ABB Alstom Power. Taking a comparable group structure, ABB Switzerland said the year-on-year profit was up 26 per cent to SFr286…

Helmet-wearing cyclists set to cash in

This content was published on Mar 1, 2000 The Swiss office for the prevention of accidents is to give 20 francs to anyone buying a new cycling helmet. The office has launched a campaign, under the slogan “Wise heads protect themselves”, aimed at drastically increasing the number of cyclists wearing protective headgear. The scheme, which is available to up to 20,000 cyclists, will…

Nestlé to expand in Japan with purchase of vending machine concern

This content was published on Mar 1, 2000 The Japanese division of the Swiss food giant, Nestlé, has announced it is acquiring a major vending machine business in Japan from the UCC Ueshima Coffee Company. Under the terms of the agreement, Nestlé Japan will take over more than 100,000 units with sales of about SFr643 million In a statement from its headquarters in…

Ares-Serono profits surge

This content was published on Mar 1, 2000 The biotechnology group, Ares-Serono, has exceeded all expectations by announcing a 141 per cent increase in annual income. The net profit of SFr297.5 million was achieved on annual sales of just over SFr1.67 billion. Turnover for the previous year was SFr1.5 billion. The Geneva-based company said the increase was largely due to a 43 per…

Machine industry sees increased growth in 2000

This content was published on Feb 29, 2000 Switzerland’s machine industry expects an export-led recovery this year. The optimism is based on fourth quarter results for 1999, when orders went up 12 per cent compared with the same period in the previous year. “The forecasters are predicting that orders will go up by ten per cent this year,” said Johann Schneider-Amman, president of…

Authorities seek to eliminate airport delays

This content was published on Feb 29, 2000 The Swiss authorities are taking measures to improve punctuality at Switzerland’s airports. The four main organisations concerned have put aside their disputes about who is to blame for the delays and joined forces to tackle the problem. The Federal Aviation Office, the national airline, Swissair, the Air Force, and Swisscontrol, the autonomous air traffic control…

Von Roll to cut 650 jobs

This content was published on Feb 29, 2000 The engineering group, Von Roll, says it is cutting 650 jobs after a disappointing set of results for 1999. The job losses add up to 10 per cent of the company’s workforce and will affect employees in Switzerland, France and Italy. A statement said retirement and non-replacement of departing staff would account for 300 of…

Inflation stable despite consumer price rises

This content was published on Feb 29, 2000 Consumer prices have risen slightly in February, while the rate of inflation remained stable. According to the Federal Office for Statistics, the consumer price index rose 0.4 per cent to 106.1 points, while the annual inflation rate remained at 1.6 per cent. The largest price increases were in the food, drink and tobacco sectors, with…

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