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Swiss press give Greece deal cautious welcome

This content was published on Jul 22, 2011 They see Greece – and the economic future of the eurozone – as still unstable despite the deal. Eurozone leaders announced the Greece deal in Brussels on Thursday evening, as well as measures to radically reshape the currency union’s rescue fund, allowing it to act pre-emptively when crises build up. The 17 eurozone countries and…

Franc mortgages cause pain in Europe

This content was published on Jul 21, 2011 The craze of accumulating debt in francs has also left banks in many countries exposed to defaults and even affected communities in Austria that unwisely speculated in currency exchange rates before the financial crisis. Swiss franc mortgages were commonplace in countries such as Hungary, Poland, the Czech Republic, Romania and Croatia before the 2008 economic…

Famine and abundance rub shoulders in Ethiopia

This content was published on Jul 21, 2011 swissinfo.ch reports from western Ethiopia on farmland leased by an Indian entrepreneur, where it is not unusual to see young children labouring in the fields. Kneeling in the middle of a sugar-cane field in blistering 40-degree Celsius heat, a young boy is digging up weeds. An Indian worker stands over him to make sure he…

Swiss companies pay bills fastest

This content was published on Jul 21, 2011 It found that 68.2 per cent of bills were settled within the payment deadline, which, at 30 days in Switzerland, is one of the shortest. In Taiwan, for example, 67.4 per cent of bills are paid on time, but companies have 90 days to settle up. Other countries with 30-day deadlines include Germany (60.5 per…

Exports stagnate in June

This content was published on Jul 21, 2011 In reality, the figures were down 8.2 per cent, but this was because June 2011 had two fewer working days than the previous year. Last month Switzerland exported goods and services worth a total of SFr15.8 billion ($19.2 billion), the Federal Customs Administration said on Thursday. Looking at the first six months of 2011, exports…

Road accidents pursue downhill trend

This content was published on Jul 20, 2011 But despite the positive trend, experts say pressure should be maintained as bikers, cyclists and pedestrians are still at risk. The government’s new scheme for improving road safety, Via Sicura, is set to be discussed in parliament this autumn. Figures released by the Federal Statistics Office on Tuesday showed that road accidents causing injury dropped…

Sappi shuts down Swiss paper mill

This content was published on Jul 20, 2011 Sappi Fine Paper Europe said in a statement that around 550 employees in total at the canton Solothurn site would be affected by the closure. It said that there had been lengthy discussions about buying the plant. “Unfortunately several industry players quickly withdrew their interest and we were unable to come to an agreement with…

Italy rail strike to affect Swiss connections

This content was published on Jul 20, 2011 Swiss Federal Railways said on Wednesday that southbound trains on the Gotthard and Simplon routes would only go as far as the Swiss towns of Chiasso and Brig respectively. Passengers should expect long delays if travelling within Italy or from Italy to Switzerland, the company said.

Strong franc gnaws deeper into Swiss economy

This content was published on Jul 19, 2011 The value of the dollar sank below the franc some time ago, and there are no signs of the trend reversing with the Swiss economy performing so robustly compared to debt-laden European countries and the United States. “It seems prophetic, and almost tragic, to say so now, but the Swiss economy has been the victim…

EU research programme to benefit Switzerland

This content was published on Jul 19, 2011 It was the single biggest funding package ever allocated for innovation and research by the European Commission. The funding programme is predicted to create some 174,000 jobs in the short term and 450,000 jobs and €80 billion in gross domestic product growth over 15 years, commissioner Máire Geoghegan-Quinn said in a statement. Universities, research organisations…

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Internal: Archive

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Swiss press give Greece deal cautious welcome

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Franc mortgages cause pain in Europe

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Famine and abundance rub shoulders in Ethiopia

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Swiss companies pay bills fastest

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Exports stagnate in June

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Road accidents pursue downhill trend

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Sappi shuts down Swiss paper mill

More

Italy rail strike to affect Swiss connections

More

Strong franc gnaws deeper into Swiss economy

More

EU research programme to benefit Switzerland

Popular Stories

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