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Couchepin upbeat about Swiss economic prospects

This content was published on Jul 6, 2001 However, he warned that halfway into the current legislative period, Switzerland must make the best use of its strong economic performance to set new objectives. Couchepin, who became economics minister three years ago, said that priorities included the partial revision of the competition law and the long-term continuation of agricultural reform. In his interim statement…

Sulzer Medica looks set to dominate business headlines

This content was published on Jul 6, 2001 No doubt the spin off of the Medica unit will dominate the market’s attention at the start of the week. However, Medica’s shareholders have to be convinced that the company is dealing correctly with the recall by its orthopaedics division of faulty hip and knee implants. Only last week Sulzer Medica, which is 74 per…

Swiss food industry benefits from increase in consumption

This content was published on Jul 6, 2001 Chocolate manufacturers saw their sales grow by more than five per cent last year, according to the Federation for the Swiss Food Industry. Ice-cream producers also had a good year with sales up 6.4 per cent. More than 80 per cent of the Federation’s members posted an increase in turnover, which is being put down…

Economists dismiss new fall in Swiss unemployment rate

This content was published on Jul 6, 2001 The number of registered unemployed fell to 59,176 in June, down from May’s figure of 61,097. But economic analysts say the figures, which are not seasonally adjusted, are not a true reflection of the jobs’ market and warned that the underlying trend was for an increase in unemployment. “On a seasonally adjusted basis, the positive…

Sulzer Medica spin-off clears final hurdle

This content was published on Jul 6, 2001 The two-month legal deadline for creditors to report claims passed on June 26. With no claims filed, Sulzer’s capital reduction was entered into the commercial registry on Thursday. Sulzer is granting Sulzer Medica its independence next Tuesday by giving investors two Medica shares for two Sulzer shares. Sulzer currently has a 76 per cent stake…

Positive first six months for Presence Switzerland

This content was published on Jul 5, 2001 At a press conference in Bern on Thursday, the organisation looked back at its achievements and set out its strategy for the future. Officials from the organisation were upbeat saying the past six months had been “positive”. Highlights of the half-year programme included the Swiss balloonist, Bertrand Piccard’s, trip to South America to promote his…

Sabena joins legal battle against Swissair

This content was published on Jul 5, 2001 The move comes after the Belgian government – which owns 50.5 per cent of Sabena – announced on Tuesday that it would sue Swissair for the same reason. Swissair currently holds 49.5 per cent of the shares in the Belgian airline and is trying to free itself from a commitment to increase its stake. Sabena…

Sabena joins legal battle against Swissair

This content was published on Jul 5, 2001 In a statement on Wednesday, Swissair Group said it was “disappointed that the Belgian government has chosen to focus on litigation and walk away from the negotiating table”. The comment came in response to the Belgian government’s announcement late on Tuesday that it would be taking “Swissair to court for breach of contract”. Belgium accuses…

Swiss industry sluggish, says UBS

This content was published on Jul 5, 2001 It revealed that, in all but one sector, business in the second quarter was worse than companies forecast three months ago, although a slight improvement is expected for the current quarter. The report from Switzerland’s biggest bank found that the pace of industrial growth slowed sharply in the second quarter. The business cycle indicator, the…

Unique Airport in talks to operate in Siena

This content was published on Jul 5, 2001 “It is correct that we are in talks with the people at Siena airport to study the future of the airport. These talks are going well but there is nothing concrete and there are no deadlines,” a spokesman for Unique said. Unique is interested in expanding its activities abroad. It is already part of a…

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