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NEWS

NEWS
Switzerland to Ease Restrictions as Pandemic Gets Close to End

Switzerland to Ease Restrictions as Pandemic Gets Close to End

01 June 2020

Restrictions in Switzerland will be vastly eased and on June 19 there will be the end to the emergency situation imposed due to COVID-19 pandemic.

Swiss Watch Exports Down by 80%

Swiss Watch Exports Down by 80%

28 May 2020

In April Swiss watch exports figures went down by 80% with sales just at CHF329 million. Exports and imports in all industry suffered due to Covid-19 lockdown, and tourism is expected to take a few years to fully recover.

Low Euro Franc exchange rate puts SNB under pressure

Low Euro Franc exchange rate puts SNB under pressure

13 May 2020

The SNB President Thomas Jordan made some comments on Swiss fiscal policy and strong Swiss franc exchange rate, as well as its reference to euro, in a few interviews. He stated that the SNB has no choice but to keep negative interest rates.

Swiss Buy Lots of Gold in Pandemic

Swiss Buy Lots of Gold in Pandemic

08 May 2020

The coronavirus pandemic has triggered a spike in demand for gold, especially among Swiss, who have always loved this asset and hoard a lot of it.

Euro Exchange Rate Weakened

Euro Exchange Rate Weakened

05 May 2020

Euro exchange rate got lower on Tuesday after German constitutional board’s ruling that Bundesbank can’t buy more bonds unless the ECB prove they are needed

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