Speculation that the Harvard – educated economist Liu He is being groomed as successor to Chinese…
Switzerland
Business news and investment opportunities in Switzerland
STATS
Source: World Bank
Currency: Swiss francGDP: 705.1 billion USD (2018)
GDP per capita: 82,796.55 USD (2018)
GNI per capita: 68,820 PPP dollars (2018)
Gross national income: 586.1 billion PPP dollars (2018)
GDP growth rate: 2.8% annual change (2018)
Internet users: 93.71% of the population (2017)
ChemChina gets OK for Syngenta deal
ChemChina has won EU antitrust approval for its $43bn takeover of Swiss pesticide maker Syngenta, paving…
Turkish Stream #2 gets sign-off
Gazprom and Switzerland’s Allseas are reported to have signed an agreement for the construction of a second,…
Putin celebrates as Qatar wealth fund and Glencore buy $11bn Rosneft stake
Russian President Vladimir Putin took to the TV airways yesterday to celebrate the news that the…
Russian-EU trade down as Switzerland pushes its way into top three
Russian-EU trade: The volume of trade flowing from Russia to the EU dropped down to 6% of the…
Swiss banks express interest in advising on Bashneft privatisation
Bashneft privatisation: Swiss banks UBS and Credit Suisse are interested in advising the Russian government on several privatisations…
ChemChina bids record $43bn for Swiss agribusiness giant Syngenta
China’s chemicals group ChemChina has offered more than $43bn to take over Swiss agribusiness giant Syngenta. The…
Swiss MSC container ship docks in Iran for first time in six years
The Geneva-based Mediterranean Shipping Company (MSC), the world’s second-largest shipping line, has returned to Iran more…
Ineos buys up Fridman’s North Sea fields
The Swiss chemical company Ineos has acquired the 11 oil and gas fields in the UK’s North Sea waters that Russian…
Edipresse quits Russia over new ownership legislation
The Edipresse Group, Swiss-based publishers of over 40 Russian women’s interest and DIY consumer titles and…
Putin defends Blatter and attacks FIFA arrests as ‘persecution’
FIFA arrests: Russian President Vladimir Putin has called Wednesday’s swoop on top FIFA officials in Zurich by the…
Zurich Airport JV to invest $870m in modernisation of Kazakh airports
Zurich Airport JV: The Airport Management Group (AMG), the joint venture established between Kazakhstan’s KTZ Express…
Gunvor looks to sell Russian assets as it seeks to limit exposure
Gunvor, one of the world’s top five oil trading houses that was co-funded by Putin ally…
Russian EU import ban may call for Swiss solution
Russian EU import ban: It is being reported that EU food exporters are considering smuggling milk…
Zurich Group pulls out of Russian retail insurance
The Zurich Group has decided to sell its Russian retail insurance arm to the Olma Investment Group for…
Merida targets Swiss market
Bicycle manufacture Merida-KZ is about to start exporting its Nomad range of bicycles to Switzerland. European…