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Schwyz vote heats up cantonal tax competition

This content was published on Feb 10, 2006 Schwyz has one of the lowest corporate and personal rates in Switzerland, but plans to slash the levy on wealth and share dividends. Residents of Schwyz will vote at the weekend on proposals to lower tax on the net assets of individuals and on share dividend income, which is subject to double taxation in Switzerland…

Switzerland reaches top ten in globalisation

This content was published on Feb 10, 2006 The Globalisation Index placed Switzerland in ninth place after comparing 23 economic, social and political variables between 1970 and 2003 in 123 countries. The Institute for Business Cycle Research (KOF) claims the index, released on Friday in Zurich, is the most comprehensive comparative study of its kind. Switzerland gets a high rating for global economic…

Broad economic growth set to continue

This content was published on Feb 10, 2006 The quarterly survey conducted in January added that economic growth was expected to continue over the next three to six months. KOF sent 7,800 questionnaires to people in the industrial, construction and services sectors. The rate of return was 56%. Respondents said rising industrial production was resulting in an increase in capacity utilisation. Companies that…

Nobel Biocare gives investors reason to smile

This content was published on Feb 9, 2006 Since Heliane Canepa took over as chief executive in 2001, Nobel Biocare has cemented its position as the world’s undisputed leader in the sector. This year’s turnover of €484.5 million (SFr 754 million) was up by 24.8 per cent over 2004 and a confident Canepa says revenues should increase by 24 per cent in local…

Swiss call for global environmental goals

This content was published on Feb 9, 2006 The meeting, which concluded on Thursday, was attended by Swiss environment minister Moritz Leuenberger, who called for concrete, measurable objectives for international environment policy. Leuenberger addressed almost 130 environment ministers at the 9th Special Session of the United Nations Environment Programme’s (UNEP) Governing Council/Global Ministerial Environment Forum. The minister said his proposal, which Switzerland wants…

Syngenta’s 2005 profits shoot up

This content was published on Feb 9, 2006 The company has promised to return around $800 million to shareholders this year. Net profit excluding restructuring for 2005 increased by 25 per cent to $779 million and full-year sales rose 11 per cent to $8.1 billion, said the company in a statement. It added that net profit after restructuring, impairment and discontinued operations also…

Nobel Biocare reports record growth

This content was published on Feb 9, 2006 This was at the higher end of expectations for the Zurich-based firm, partly due to an aggressive marketing campaign in the United States. Revenues at Nobel grew 25 per cent last year to €484.5 million and sales are expected to increase by a further 24 per cent in 2006, a company statement said. “We outgrew…

EU agrees on Swiss payout to new members

This content was published on Feb 8, 2006 The deal, which must still be approved at ministerial level, brings an end to long wrangling over which countries should benefit from non-member Switzerland’s contribution to the EU’s cohesion funds. Wednesday’s agreement ensures that the SFr1 billion ($770 million) pledged by Switzerland over five years will go to the EU’s ten newest member states to…

Rich residents spur spirit of enterprise

This content was published on Feb 8, 2006 The Global Entrepreneurship Monitor (GEM), which measures innovation in different countries, put Switzerland ahead of most of Europe, but revealed big differences among regions within the country. Italian-speaking canton Ticino fared worst in terms of “Total Entrepreneurial Activity” (TEA), way behind German-speaking cantons in central Switzerland, which scored the highest marks. Professor Thierry Volery, who…

Alpine glaciers keep on shrinking

This content was published on Feb 8, 2006 Researchers said on Wednesday the results showed that glaciers were suffering from the effects of warmer and drier weather over the last years. “The measurements show long-term trends,” said Andreas Bauder of the Academy’s glaciology commission. “Glaciers react to climate change, and warmer temperatures in the Alps are reflected in the results.” Last year, 84…

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Schwyz vote heats up cantonal tax competition

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Switzerland reaches top ten in globalisation

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Broad economic growth set to continue

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Nobel Biocare gives investors reason to smile

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Swiss call for global environmental goals

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Syngenta’s 2005 profits shoot up

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Nobel Biocare reports record growth

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EU agrees on Swiss payout to new members

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Rich residents spur spirit of enterprise

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Alpine glaciers keep on shrinking

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