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Swiss aid for Kosovo impacts federal budget

This content was published on Jul 23, 1999 Switzerland’s refugee and humanitarian aid for Kosovo will cost the Swiss government millions more than originally budgeted, but it remains unclear whether the forecast budget deficit of SFr3.9 million ($2.6 million) will balloon because of the unexpected humanitarian spending. The Swiss Finance Ministry said Friday that, in light of the “extraordinary events in Kosovo,” parliament…

Report: Switzerland fails to embrace information technology revolution

This content was published on Jul 22, 1999 Switzerland can boast high-quality installations for online communication but makes only modest use of the Internet. It also fails to recognize the importance of the current information technology revolution, a new report said Thursday. The report — written by a special working group of the Federal Office for Communications — gave an assessment of just…

Lucerne museum shows “Life in Space”

This content was published on Jul 22, 1999 The Swiss Transport Museum in Lucerne has launched a new space exhibition, which includes information about the Russian space station Mir and many other issues related to life and research in space. The exhibition is entitled “Life in Space” and its launch coincided with the 30th anniversary of man’s first landing on the Moon. Apart…

First electric railway line in Europe celebrates centenary

This content was published on Jul 22, 1999 Exactly 100 years ago today, an electric train track was inaugurated in Switzerland, marking a new era of rail transport in Europe. The line, travelling through the hilly Emmental region of Canton Berne, was the first electric railway line in Europe and ushered in a new era of travel and transport. The Burgdorf to Thun…

Holocaust insurers, including Switzerland, under pressure to pay up

This content was published on Jul 22, 1999 Lawrence Eagleburger (above), chairman of the International Commission on Holocaust Era Insurance Claims, is putting pressure on World War II-era insurance companies in Europe to swiftly release allegedly withheld payments from Holocaust survivors. Ex-U.S. secretary of state Eagleburger was reported to have set a one-week deadline for the international panel to agree on a formula…

Swiss trade association cautiously optimistic about economic growth

This content was published on Jul 21, 1999 Switzerland’s major employer organisation is cautiously optimistic about prospects for the Swiss economy but does not expect rapid growth in the coming months because of global economic developments. Presenting its economic assessment on Wednesday, the Swiss Trade and Industry Association (Vorort) said the global economic situation appeared to become more stable — particularly in light…

ABB announces first-half profit up 32 percent

This content was published on Jul 21, 1999 (AP) — Swiss-Swedish electrical company Asea Brown Boveri on Wednesday announced a net profit of $839 million for the first half of this year, up 32 percent on the same period last year. Higher revenues and gains from the formation of a power generation joint venture, ABB Alstom Power, were among the reasons for the…

Nestlé first-half sales stagnate

This content was published on Jul 20, 1999 (AP) — Swiss-based food and drinks group Nestle on Tuesday announced first-half sales of SFr35.3 billion ($22 billion), unchanged from the same period last year. Nestle said unfavorable foreign exchange rates had a negative impact of around 4.4 percent on the sales figure. It said it “expects again an improvement in sales and profits” over…

Zurich stock market offers more aggressive investment opportunities

This content was published on Jul 20, 1999

Swiss space research: from Apollo 11 to the International Space Station

This content was published on Jul 20, 1999 Following Switzerland’s high-tech contributions to the Apollo 11 mission, Swiss scientists and companies have been contributing their expertise to international space programmes such as the International Space Station and the exploration of Mars. Much of the Swiss contribution to space research is made possible by Switzerland’s membership of the 14-nation European Space Agency, which is…

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Swiss aid for Kosovo impacts federal budget

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Report: Switzerland fails to embrace information technology revolution

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Lucerne museum shows “Life in Space”

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First electric railway line in Europe celebrates centenary

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Holocaust insurers, including Switzerland, under pressure to pay up

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Swiss trade association cautiously optimistic about economic growth

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ABB announces first-half profit up 32 percent

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Nestlé first-half sales stagnate

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Zurich stock market offers more aggressive investment opportunities

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Swiss space research: from Apollo 11 to the International Space Station

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