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Seco lowers economic growth forecast for 2009

This content was published on Mar 31, 2008 The State Secretariat for Economic Affairs (Seco) said on Monday it now expects growth in 2009 to be 1.5 per cent, slightly lower than its previous forecast of 1.7 per cent. Seco said in a statement that the “international financial crisis represents a considerable and difficult-to-quantify risk to the economy”. However, it maintained its growth…

Switzerland “no longer a special case”

This content was published on Mar 30, 2008 He says Switzerland has no reason to believe it is so different from other countries and warns that the federalist structure could be an obstacle for integrating into Europe. Loetscher told swissinfo that many of his compatriots are shocked by the thought that they are no better than everybody else. The 78-year-old author from Zurich…

New online subscription daily in English

This content was published on Mar 29, 2008 The new website – Swisster.ch – is aimed at the 100,000 strong English-speaking community living in the French-speaking part of Switzerland, a company statement said. The editorial content will be updated five times per week by journalists working in Geneva, Lausanne and Zurich. The annual cost for a single person to access the site and…

Workers vote to continue rail cargo strike

This content was published on Mar 28, 2008 The disruption at a maintenance works in Bellinzona centres on plans by the Federal Railways to axe more than a hundred jobs in the city, which is capital of the southern Italian-speaking canton of Ticino. On Friday strikers described the latest proposals by their employer to try to solve the dispute as “shameful”. After a…

Central bank warns about economic growth risks

This content was published on Mar 28, 2008 Thomas Jordan, a member of the bank’s governing board, on Thursday reiterated growth forecasts for gross domestic product as well as inflation. “The National Bank forecasts a GDP growth of 1.5 to two per cent with an average inflation rate of two per cent in 2008,” Jordan said at a speech in Zurich. He said…

Organic produce sales on the up

This content was published on Mar 27, 2008 Sales increased 7.7 per cent in 2007 to SFr1.29 billion ($1.3 billion), according to the annual report for the organic farming umbrella association Bio Suisse released on Thursday. Among the biggest sellers were meat, vegetables and drinks. But overall organic products only accounted for 4.6 per cent of total food sales. Demand was highest in…

Oerlikon net profit fails to shine

This content was published on Mar 27, 2008 The company said the cost associated with the takeover of Swiss textile manufacturer Saurer had an impact on the result. However, it said in a statement on Thursday that the takeover of Saurer had proved a success. “For 2008, we are expecting sales of over SFr6 billion and a further increase in earnings,” commented Oerlikon…

Swiss Life posts record net profit in 2007

This content was published on Mar 27, 2008 The company, which last year celebrated its 150th anniversary, reported that its premium volume had risen by ten per cent to SFr24.2 billion. The board of directors of Swiss Life is to propose a SFr10 increase in the dividend from the previous year’s SFr7 to SFr17. As in previous years, the dividend would take the…

Changing landscapes

This content was published on Mar 26, 2008

Half the workforce happy with salary

This content was published on Mar 26, 2008 A majority of employees gave job satisfaction more importance than earning the highest possible salary, according to the poll by Zurich’s Federal Institute of Technology. The authors of the annual HR Barometer say work conditions such as flexible hours, responsibility and decision-making power are what matter most to workers. The study also found that a…

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Seco lowers economic growth forecast for 2009

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Switzerland “no longer a special case”

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New online subscription daily in English

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Workers vote to continue rail cargo strike

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Central bank warns about economic growth risks

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Organic produce sales on the up

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Oerlikon net profit fails to shine

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Swiss Life posts record net profit in 2007

More

Changing landscapes

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Half the workforce happy with salary

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