Welcome to Swissnetwork.com!
by Doris Leuthard, Minister of Economics Affairs
23 Sep 2006
Switzerland is a good location for business and economic investments. Evidence for this is the fact that 700 international headquarters are placed here. From Switzerland the markets in Australia, Asia, Russia as well as Latin America are being dealt with. The country is closely tied to the EU economy, making it one of the EU’s most important business partners. Switzerland is proud of its reputation as one oft the best business locations in Europe.
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In recent years, Switzerland has enjoyed a continually strong and vibrant labor market. With an unemployment rate of 3.7% (in October 2005), Switzerland’s rate stands out even amongst other Western countries, considering the average rate of 8.9% in the Euro area. Many factors contribute to the success of Switzerland’s labor market. In addition to a well trained workforce and a long work week, Switzerland also ranks among the top countries when it comes to the motivation of its employees, according to IMD’s “World Competitiveness Yearbook 2003.” Switzerland also enjoys relatively high salaries, which draws many foreigners to work there. In fact, in 2003, 22% of the working population were foreigners, most coming from EU member countries.
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