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Switzerland

The Pharmaceutical Industry And The Drug Commodity

In 2019, the pharmaceutical sector spent $83 billion on research and development in the US alone. These costs were incurred on a range of activities, including development innovations such as product enhancements, the discovery and testing of novel medicines, and clinical trials for marketing or safety monitoring. After accounting for the effects of inflation, this sum is about ten times the annual expenditure of the sector in the 1980s.
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Switzerland As An Open Economy

International trade in goods and services, as well as investments abroad, are very beneficial for Switzerland's open economy. It is therefore crucial to build good economic relations with other countries. Find out here what Switzerland's economic landscape looks like and what the success factor is.
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Swiss Inflation Is Record-low, Its Economy Functions Differently

Almost the entire planet is presently coping with rising living expenses. However, some countries are handling the issue more effectively than others. This is the case, for example, in Switzerland, which is experiencing one of the least severe inflationary effects among developed nations. According to the Federal Statistical Office (FSO), inflation decreased from 2.2% to 1.7% in May 2023, and it averaged 2.67 percent in Switzerland in 2023. In addition, based on the most recent consumer price index, the Swiss populace will experience modest price increases of 3.3%.
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Inflation In Switzerland Below 2 % Again

According to the Federal Statistical Office (FSO), inflation fell from 2.2 percent to 1.7 percent in May 2023. The last time inflation was below two percent was in January 2022. But how does Switzerland manage to keep inflation seemingly under control?
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Swiss Banks With Highest Client Profit In 2022

The operating results of retail banks in eleven European countries grew by an average of 18 percent last year, while revenues grew by approximately eight percent, according to a banking sector strategy analysis from Strategy& - a division of the consulting firm PwC. Last year's increase in interest rates resulted in increased profits for European banks. However, cost reductions have also contributed to their improved performance.
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In the Know: Swiss FinTech Companies

In the area of FinTech, Switzerland is leading the way in many respects, following trends and establishing itself as a global catalyst for financial innovation. The digitalization of financial markets has led to interesting and rapid changes.
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Zurich Airport Celebrates Its 75th Anniversary

Since its first flight 75 years ago, Zurich Airport has developed into a major hub for international traffic in Switzerland. This anniversary will be celebrated with a three-day airport festival for the population and all airport fans from September 1–3, 2023. Due to this special event, let's look back at 75 years of Zurich Airport and the history of Swiss aviation.
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What Is Switzerland’s Relationship With The EU?

Even though Switzerland is not a member of the EU, the country maintains close relations with the Union. More than 20 basic and 100 other agreements determine this bilateral relationship. In recent years, however, these relations have progressed only very slowly. What is the reason for this and what is the relationship between the two parties?
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