Number of frontaliers increases. Euro rate stable at 1.093
August 08, 2019Switzerland has again become more attractive to cross-border commuters. In the second quarter of 2019, the number of cross-border commuters increased to 323,000, an increase of 2.4 percent compared to the same period last year. What are the reasons?
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First swiss cryptocurrency exchange has gone live
August 05, 2019Smart Valor, the first cryptocurrency exchange in Switzerland that offers brokerage, custody and trading of nine pairs of cryptocurrencies and FIAT currencies, has been launched. The platform is operated by Zug-based start-up that was created two years ago in Thomson Reuters Incubator.
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Court Approves Bank Data Transfer to France
July 31, 2019In a high profile UBS tax evasion case, the Swiss Federal Court approved France’s administration request to transfer banking data on around 40,000 clients of UBS to Paris tax authorities. It is a very important decision for the whole Swiss banking sector.
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Lower Immigration Rate to Switzerland in H1 2019
July 30, 2019Less people moved to Switzerland in the first half of the year comparing to the same period last year, as data shows. Immigration rate was 1.8% lower than in H1 2018. There were fewer people moving in to the country both from the EFTA, European Union states and third countries. At the same time the underemployment rate in Switzerland is the highest in Europe.
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Swiss Franc at Two-Year Highs – What Will the SNB Do?
July 29, 2019The Swiss franc exchange rate has rallied again and it hit the two-year peak against the euro. What will be the Swiss National Bank’s reaction to the immensely strong Swiss currency? There are signs that the intervention is finally upon us – or may as well already been undertaken.
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