Internal: Archive

Foreign tourists make “dream year” for hotels

This content was published on Dec 8, 2008 Overnight stays rose 3.7 per cent, cracking the 37-million mark, according to hotelleriesuisse. Stays in the summer season were up 1.8 per cent, which the organisation attributed to the bad economy. The number of foreign visitors, who make up the majority of hotel occupants, rose 4.2 per cent, while domestic demand increased 3.1 per cent.…

Free trade with Algeria moves step closer

This content was published on Dec 6, 2008 Leuthard, speaking after talks on Saturday with the Algerian government in Algiers, said “substantial progress” had been made in the area of technical cooperation. She was optimistic a free trade deal could be finalised in February between Algeria and Efta states, which include Switzerland, Norway, Iceland and Liechtenstein. Also on Leuthard’s agenda was a double…

Swiss behind in battle to attract Asian firms

This content was published on Dec 6, 2008 Attracting 260 firms could boost the Swiss economy by four per cent – SFr20 billion ($16.5 billion) – per year and create 120,000 new jobs. The report warns that in this regard Switzerland is lagging behind European competitors. The report by international consultancy firm McKinsey and Company predicts a boom in Asian companies setting up…

Foreign workers poll

This content was published on Dec 5, 2008

Swiss try to clean up domestic worker wages

This content was published on Dec 5, 2008 The federal authorities have addressed the issue and recently announced plans for a standard work contract for household employees including a minimum wage, similar to an initiative in canton Geneva. Although exact numbers are hard to come by, the Geneva-based Interprofessional Workers’ Union, a workers’ rights association, says there are 50,000 unregistered domestic employees in…

Top hotels face winter boom but summer gloom

This content was published on Dec 4, 2008 However, the high end of the market is confident it can sweat out the tough times by falling back on a traditional image for top class hospitality and cashing in on the still buoyant winter season. The umbrella group for the luxury hotel segment, Swiss Deluxe Hotels, said at a conference in Zurich on Thursday…

Firms aim to replace ageing nuclear plants

This content was published on Dec 4, 2008 The firms confirmed on Thursday they would be filing an initial application with the Federal Energy Office for licences to replace two reactors at Beznau in canton Aargau and Mühleberg in canton Bern. Axpo and BKW, which supply about four million people with energy and produce about half the electricity consumed in Switzerland, said they…

Recession in Switzerland moves closer

This content was published on Dec 4, 2008 The State Secretariat for Economic Affairs in Bern said on Thursday that year-on-year growth slowed to 1.6 per cent from 2.6 per cent in the second quarter. “Switzerland is in or at least on the brink of a recession,” commented analyst Jan Poser at Bank Sarasin. “Recent data suggest that the economy is already shrinking.”…

Credit Suisse to eliminate 5,300 jobs

This content was published on Dec 4, 2008 The country’s second-largest bank said the cuts came in a bid to reduce costs and take its balance sheet back into positive territory after predicting it would end 2008 with another quarterly loss. Credit Suisse’s loss of SFr3 billion ($2.48 billion) for the first two months of the final quarter reflected the impact of adverse…

Sun shines on Geneva companies

This content was published on Dec 3, 2008 The solar-panel production company, SES, and the public utility, SIG, were cited for the decision to construct Switzerland’s first solar-powered plant. The roof panels are designed to provide 548,000kWh of power annually at the SES plant in the canton Geneva community of Plan-les Ouates. SES already captured this year’s Swiss Solar Prize. It manufacturers standard…

Internal: Archive

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Internal: Archive

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Foreign tourists make “dream year” for hotels

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Free trade with Algeria moves step closer

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Swiss behind in battle to attract Asian firms

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Foreign workers poll

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Swiss try to clean up domestic worker wages

More

Top hotels face winter boom but summer gloom

More

Firms aim to replace ageing nuclear plants

More

Recession in Switzerland moves closer

More

Credit Suisse to eliminate 5,300 jobs

More

Sun shines on Geneva companies

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