|  NEWS

Economy

Switzerland forecasts record summer of tourism

Swiss hotels and holiday destinations are anticipating another record-breaking summer, with Chinese guests expected to notably increase overnight stays by 0.4%, according to the KOF Swiss Economic Institute.

Pensions

Switzerland to vote on pension reform and biodiversity initiative

Swiss citizens will vote on a reform of occupational pension schemes and a biodiversity initiative on 22 September, as announced by the Federal Council on Wednesday.

Economy

SNB posts record quarterly profit of $64bn in Q1

Switzerland's central bank posted a record quarterly profit of 58.8 billion Swiss Francs ($64.34 billion) on Thursday in Q1, fuelled by the weakening Franc and strong equity markets.

Economy

Switzerland forecasts record summer of tourism

Swiss hotels and holiday destinations are anticipating another record-breaking summer, with Chinese guests expected to notably increase overnight stays by 0.4%, according to the KOF Swiss Economic Institute.

Pensions

Switzerland to vote on pension reform and biodiversity initiative

Swiss citizens will vote on a reform of occupational pension schemes and a biodiversity initiative on 22 September, as announced by the Federal Council on Wednesday.

Economy

SNB posts record quarterly profit of $64bn in Q1

Switzerland's central bank posted a record quarterly profit of 58.8 billion Swiss Francs ($64.34 billion) on Thursday in Q1, fuelled by the weakening Franc and strong equity markets.

Economy

SNB hikes minimum reserve requirement for domestic banks

Switzerland's central bank announced on Monday that it is set to increase the minimum reserve requirement for domestic banks and, as such, will amend the National Bank Ordinance as of 1st July.

Economy

UBS may need up to $15bn in excess capital to meet new rules

Swiss Bank UBS could need to hold between $10-15 billion in excess capital following Switzerland's government's announcement of stricter capital requirements, according to an Autonomous Research forecast.

Economy

Swiss inflation down to two and a half-year low

Inflation in Switzerland fell to a two-and-a-half-year low in March, aligning with the Swiss National Bank's (SNB) decision to cut rates last month for the first time since 2015,

Economy

IMF says Switzerland needs "strong financial sector reforms"

Switzerland is in need of "strong financial sector reforms" following on from the state-driven rescue takeover of Credit Suisse by UBS, according to the International Monetary Fund.

Markets

SNB sells nearly $150bn of forex in 2023

Switzerland's central bank sold foreign currency worth 132.9 billion Swiss Francs last year ($149.51 billion), reflecting a heightened focus on bolstering the Swiss Franc as a defence against imported inflation.

Politics

EFTA signs free trade agreement with India

The European Free Trade Association (EFTA), which includes Switzerland as a member, has penned a free trade agreement with India, which is set to be approved in 2025.

Economy

SNB reports annual loss of $3.6bn in 2023

On Monday, the Swiss National Bank (SNB) reported an annual loss of 3.2 billion Swiss Francs ($3.62 billion) for last year as the move to positive interest rates

Business

Payment apps’ popularity increases in Switzerland

The popularity of payment apps is rising in Switzerland, according to the findings from a new survey carried out by the country’s central bank.

News from all categories

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Media contact

deVere Switzerland’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines. Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Switzerland’s Head of Public Relations on [email protected] or call +44 2071220925