EUR Steady as USD Is Lowest in Months06 December 2019
The euro exchange rate was flat against the US dollar on Friday, as the American currency is on its way to record the worst week in almost two months. Unsteady relations between China and US, as well as signs of US economy’s slowdown were to blame.
Shortage of Skilled Employees and Work Visas for Foreigners Data02 December 2019
Switzerland is suffering from the shortage of skilled workers, according to the newest report. Especially it is difficult to hire technical works or engineers. In order to fill in vacancies employers turn to cross-border workers and foreign residents from third countries – next year the country will issue 8,500 work visas for non-EU foreigners.
Swiss Govt Plans More Financial Transparency28 November 2019
Swiss government plans to increase requirements in terms of financial transparency by implementing recommendations of Global Forum with regard to automatic exchange of financial data (AEOI) with other countries. AEOI network is set to get bigger next year.
Cross-Border Workers Number Breaks Record In Switzerland15 November 2019
Record number of cross-border workers has been observed in Switzerland this year with 325,000 commuting from abroad to work each day. Two cantons that are especially popular among foreign employees are Geneva and Ticino.
Companies Harmed by Minus Rates, But Start-ups Benefit12 November 2019
Negative interest rates continue to be the hot topic in Switzerland with many financial players taking a stand for or against record low rates. Latest opinion comes from companies in a new survey, and at the same time there was data published on number of start-ups, in which aftermath the subject of negative rates also came up.