Vaud approves CHF2.5 for wine tourism

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LAUSANNE, SWITZERLAND – In a first for Switzerland, a cantonal council has approved a budget and programme for wine tourism. The Grand Conseil in Vaud Tuesday 1 April unanimously adopted a five-year CHF2.5 million budget that will help develop a wine tourism project. Top priorities are training people in other businesses to be familiar with […]

Swiss duty-free meat and wine allowances increased

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Smartphone declarations in effect by July GENEVA, SWITZERLAND – Meat, alcohol and cigarettes will be easier and cheaper to bring into Switzerland for most tourists as of July. New duty-free allowances go into effect for Switzerland 1 July, the federal customs office announced Wednesday, noting that with the new option to declare larger quantities in […]

German group buys print ad seller Publcitas

LAUSANNE, SWITZERLAND – The slow but steady decline in newspapers and news print advertising sales in Switzerland has finally resulted in the sale of Publicitas, the historic keystone of the PubliGroupe company. The Lausanne-based firm will remain focused on online sales, a growth area that now makes up 80 percent of its sales, while the […]

CFF extends wifi coverage, drops Swisscom hotspots

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Train stations added, in-train coverage growing BERN, SWITZERLAND – Free wifi has been extended to 10 Swiss train stations in the first three months of 2014, the CFF rail company said Monday, bringing to 23 the number of stations that offer the free subscription service, which will replace Swisscom hotspots that are available for a […]

Le Temps newspaper’s future, bid by friends

Le Temps, a bid offered

GENEVA, SWITZERLAND – Le Temps, widely considered one of Switzerland’s best newspapers, has been operating under a shadow for months, since joint owners Tamedia and Ringier said they wanted to sell it. Several offers were mentioned in the weeks following the announcement by Switzerland’s two largest news media publishers, but none of them resulted in […]

Jean-Claude Killy resigns from Olympics board

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LAUSANNE, SWITZERLAND – Three-time Olympic gold medalist Jean-Claude Killy has resigned from the International Olympic Committee, the IOC said Friday 28 March. The 70-year-old ski legend told the IOC several months ago, but the announcement was made public only after the Sochi Winter Games this year, which he oversaw. The IOC in a statement issued […]

More Swiss bankruptcies, but lower losses

BERN, SWITZERLAND – More than 12,000 companies declared bankruptcy in Switzerland in 2013, a number that was up 3.9 percent over the previous year. A large portion of these, notes Bern, was companies not listed in the federal commercial register, mainly businesses that were inherited but where the new owners decided to close the business. […]

The uncertain watch: Baselworld opens

BASELWORLD 2014

BASEL, SWITZERLAND – Baselworld opened its doors this morning for an expected 122,000 guests, media reps and people in the watch and jewelry trade. Wary industry observers are saying there is some uncertainty over future industry growth but there is an upbeat mood about the present. François Thiébaud, president of the Swiss exhibitors’ committee, said […]

UBS traders reportedly suspended

ZURICH, SWITZERLAND – Bloomberg is reporting that four UBS traders in three countries have been suspended, news the bank has not confirmed. If the information is accurate, the suspensions are the latest in a string of firings, layoffs and suspensions at several banks in Europe and the US, including the Bank of England. The bank […]

Swiss trains a tad less punctual with 1 million a day

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BERN, SWITZERLAND – Swiss trains were a tad less punctual in 2013, says CFF, running on time  87.5 percent of the time, down from 88 percent in 2012. CFF rail travel accounts for 25 percent of all travel in Switzerland. The national rail company says that for the first time ever the group carried more […]