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Deiss to talk trade in Tripoli

This content was published on Aug 18, 2005 The economics minister will hold talks with the Libyan government in a bid to boost bilateral relations and promote business ties with Switzerland. Deiss is leading a small Swiss delegation and is due to meet his Libyan counterpart, Abd al-Qadir Bilkhair, as well as several other government ministers. Libya is Switzerland’s second-largest trading partner on…

Competition unlikely to threaten mail service

This content was published on Aug 18, 2005 If the government gives the go-ahead, Swiss Post could see its monopoly on letters limited to those weighing less than 100 grams – a move opposed by unions. The independent study, released on Thursday, comes ahead of a government debate on the issue next month. Swiss Post currently holds a monopoly on all letters delivered…

Unaxis drops deep into the red

This content was published on Aug 18, 2005 The company, owned by Austrian investment company Victory since June, posted a net loss for this period of SFr117 million ($92.78 million). Sales declined by 30 per cent over the comparable period last year to SFr702 million, the company said in a statement on Thursday. During the first half of last year, sales had totalled…

Zurich posts strong first-half performance

This content was published on Aug 18, 2005 This represents an improvement of 21 per cent on the same period in 2004 – beating analysts’ expectations. Analysts had predicted an average of $1.635 billion half-year net profit for the company. “The quality of the results has improved with all core businesses and group investments contributing to the bottom line, ” said Zurich chief…

SR Technics lands $1-billion deal with easyJet

This content was published on Aug 17, 2005 The contract will help the Zurich-based company, which employs 2,800 people in Switzerland, offset its reliance on national carrier Swiss. SR Technics already maintains easyJet’s fleet of Boeing 737 planes, which is set to shrink to 32 from 50 by 2007 as the airline phases out older models. The low-cost carrier said in a statement…

High hotels elevate hiking pleasure

This content was published on Aug 17, 2005 swissinfo checked into the Trift inn high above Zermatt, to find out why it is often harder to find a free bed in a simple mountain hut than in one of the resort’s luxury hotels. Zermatt, it would seem, is divided into two worlds; cable cars and mountain railways enable the masses to scale the…

Nestlé delivers strong first-half figures

This content was published on Aug 17, 2005 Sales at the company, which is based in Vevey, western Switzerland, climbed by 2.4 per cent to reach SFr43.5 billion, despite a negative currency impact and divestitures. The figures were above those forecast by market analysts and were helped by faster sales growth in the United States and Asia. “Nestlé has positioned itself well in…

Info bus for elderly immigrants hits the road

This content was published on Aug 16, 2005 The roadshow aims to explain to these pensioners their entitlements and how the social and health systems function. Foreign Minister Micheline Calmy-Rey launched the “migration bus” from Parliament Square in Bern at a ceremony on Tuesday. The theme of the 40-leg tour is migration and age, according to Christina Schneider of the Swiss association of…

Holiday homes stir up renewed controversy

This content was published on Aug 15, 2005 The cabinet is shortly due to announce plans to abolish measures limiting the acquisition of real estate by foreigners without a Swiss residency permit. The Swiss Foundation for the Protection of the Countryside warned that a possible abolition of restrictions could trigger a boom in new holiday home construction and damage the environment. “Building new…

Swiss build suburban trains for Hungary

This content was published on Aug 15, 2005 The deal, which was signed on Monday, puts an end to a drawn-out bidding war with Canadian competitor Bombardier. The contract includes an option for the delivery and maintenance of an additional 30 trains for the Budapest region. It is worth about SFr700 million ($558.6 million), Stadler said in a statement on Monday. The company…

Internal: Archive

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Deiss to talk trade in Tripoli

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Competition unlikely to threaten mail service

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Unaxis drops deep into the red

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Zurich posts strong first-half performance

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SR Technics lands $1-billion deal with easyJet

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High hotels elevate hiking pleasure

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Nestlé delivers strong first-half figures

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Info bus for elderly immigrants hits the road

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Holiday homes stir up renewed controversy

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Swiss build suburban trains for Hungary

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