Decline from 139 to 119 transactions in 2023 – lowest level since 2012 Transaction volume also falls significantly from 4.3 to 2.0 billion US dollars Number of Chinese investments in Switzerland increases from three to six with a total volume of just under USD 200 million Zurich, 27 February 2024 – Chinese buyers are becoming...
Category: Bussiness
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Acquittals in Kolmar Group defamation trial are a step towards justice
Reacting to a decision today by a Swiss court to reject criminal defamation charges and acquit the three authors of a report which alleged that Kolmar Group AG (Kolmar) may have violated international law by buying smuggled Libyan oil, Mark Dummett, Amnesty International’s Head of Business and Human Rights, said: “The court’s decision to acquit...
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SNB president says stronger Swiss franc painful for companies – SWI swissinfo.ch
Despite the pain for companies, Switzerland should nonetheless escape relatively unscathed, declared Swiss National Bank President Thomas Jordan on Tuesday. © Keystone / Anthony Anex A stronger franc has helped dampen inflation in Switzerland but has also been painful for domestic companies, according to Swiss National Bank President Thomas Jordan. This content was published on...
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India nears landmark $100 bn investment pact with Switzerland, Norway
India is on the brink of finalising a trade agreement that could potentially unleash a wave of investment worth $100 billion over 15 years from a select group of European nations. A Bloomberg report cited sources familiar with the negotiations who revealed that the European Free Trade Association (EFTA), comprising Switzerland, Norway, Iceland, and Liechtenstein,...