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Swiss wine industry in need of new image

This content was published on Jan 8, 2000 Swiss wine makers are being urged to overhaul their image, after a new study found that Swiss wine is little known, badly marketed, and rapidly falling from favour among younger drinkers. The results of the survey of 3000 wine drinkers in Switzerland paint a dismal picture of the country’s wine industry. The overiding impression is…

Drug deaths fall to new 12 year low

This content was published on Jan 8, 2000 The number of deaths from drug overdoses in Switzerland has fallen below 200 for the first time since 1987. Some experts believe Switzerland’s controversial drugs policy is responsible for the drop; others say it is simply because heroin use is falling. A survey of 25 Swiss cantons revealed that drug deaths in 1999 fell to…

The business week in Switzerland

This content was published on Jan 8, 2000 A volatile week on Zurich’s financial market, further indications of economic recovery and a new offensive for customers in the telecommunications industry marked the last seven days in the business world in Switzerland. – The SMI, the blue chip index on the Swiss stock exchange, lost four per cent of its value when it reopened…

Inquiry launched into $40 million fraud

This content was published on Jan 7, 2000 The United States investment bank, Merrill Lynch, has opened an investigation into a $40 million fraud involving a Swiss bank, according to the Financial Times newspaper. The case reportedly involves a UBS branch in Geneva. The money reportedly belonged to one of the company’s largest clients, the Egypt-based Arab International Bank, AIB, according to the…

US businessman buys Swiss luxury watch maker Corum

This content was published on Jan 7, 2000 A United States businessman, Severin Wundermann, is taking over the Swiss luxury watch brand Corum, which is based in the western town of La Chaux-de-Fonds. Wundermann, who for the last 25 years has been at the head of Gucci Timepieces, has bought 90 per cent of the company in his own name for an undisclosed…

Unemployment falls to seven-year low

This content was published on Jan 7, 2000 The number of people unemployed in Switzerland has reached its lowest level for seven years. The number of those out of work averaged 2.7 per cent or 98,600 people in 1999. The figure compares favourably to the previous year, when around 3.9 per cent of the population was registered as unemployed. The number of those…

Denner chief Schweri hands over control of daily business

This content was published on Jan 7, 2000 The founder and often controversial boss of Denner, one of Switzerland’s main discount retail chains, has effectively resigned his operational taks. Karl Schweri, 82, will remain president of the board but will hand over day-to-day operational decisions to a team of three managers. The group is to be headed by Philippe Gaydoul, a grandson of…

Leuenberger makes key policy announcement

This content was published on Jan 7, 2000 The Minister for Transport, Energy and Communication, Moritz Leuenberger, has set out his policies until 2003. A 33-page document produced by the Ministry says that the central plank of his programme is the principle of sustainable development. Defining this, the document says that development is only sustainable if it meets current needs without harming the…

Saas Fee in pilot project to help travellers

This content was published on Jan 6, 2000 The scenic resort of Saas Fee is taking part in a ground-breaking project in Switzerland aimed at reducing the amount of visitors using their own cars to get there. The project will save a many a traveller’s muscles as well. Under a pilot project, travellers arriving by bus or train in Saas Fee, canton Valais,…

Boom predicted for Swiss online book trade

This content was published on Jan 6, 2000 Switzerland has seen a major boom in online book shopping in the past months, and experts predict a veritable explosion of the market as up to 30 per cent of all books will likely be bought via the Internet by 2003. From a technological point of view, the preconditions for a market explosion are set…

Internal: Archive

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Swiss wine industry in need of new image

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Drug deaths fall to new 12 year low

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The business week in Switzerland

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Inquiry launched into $40 million fraud

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US businessman buys Swiss luxury watch maker Corum

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Unemployment falls to seven-year low

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Denner chief Schweri hands over control of daily business

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Leuenberger makes key policy announcement

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Saas Fee in pilot project to help travellers

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Boom predicted for Swiss online book trade

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