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Tech industry: downturn continues
Zürich (ots) - The situation in the Swiss tech industry (mechanical and electrical engineering industries and related technology sectors) remains challenging. In the first nine months of this year, sales were down 4.2% compared with the same quarter of the previous year, with goods exports and new orders declining by 3.6% and 0.3%, respectively. The primary factor behind this situation is economic weakness in the EU and, in particular, Germany. Key indicators do not point ...
plusTechnology industry recovery delayed
Zurich (ots) - The Swiss technology industry (mechanical and electrical engineering industries and related technology sectors) is currently not making any headway. In the first half of 2024 - and compared with the prior-year period - sales were down 5.1%, order intake declined by 3.3% and goods exports were 4.5% lower. The Purchasing Managers' Index (PMI) for the industry is at a very low level in most European markets; ...
plusAnother franc appreciation shock - SNB and politicians called on to act
Zurich (ots) - After a breather, the Swiss franc has appreciated again sharply against the euro since mid-July. The temporary strength of the Swiss currency had already had a major impact on Switzerland's technology sector (mechanical and electrical engineering industries and related technology sectors) at the end of last year. This renewed exacerbation has come at a ...
plusSwissmem welcomes the clear YES to the Electricity Act
Zurich (ots) - The association of the Swiss technology industry is pleased at the Swiss electorate's clear approval of the Electricity Act. It will make a key contribution to a secure, environmentally friendly and economically viable electricity supply, and the companies in the technology industry are counting on it. Swissmem supports the rapid expansion of all CO2-free electricity-generation technologies. However, ...
plusMore than a tonne of gold leaves the African continent every day undeclared
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Tech industry: bottom of the downturn in sight
Zurich (ots) - The business situation in the Swiss tech industry (mechanical and electrical engineering industries and related technology sectors) remains challenging. In the first quarter of 2024, goods exports declined by 8.5%, sales by 5.4% and new orders by 2.3% compared with the same quarter of the previous year. However, there are now more and more signs that the bottom of the downturn will be reached this year. ...
plusFree trade agreement with India - huge opportunity for the Swiss tech industry
Zürich (ots) - Swissmem welcomes the finalization of the free trade agreement (FTA) with India, which will significantly enhance the competitive position of the Swiss technology industry in this important growth market, as customs duties of up to 22% will be eliminated. This is particularly true with respect to the industry's competitors from China, the UK, the EU and ...
plusDespite initial glimmers of hope: the dry spell in the tech industry continues
Zurich (ots) - The Swiss technology industry (mechanical and electrical engineering and related technology sectors) had a challenging year in 2023. Compared with 2022, new orders received were down by 8.4%, exports by 2.6%, and sales by 0.8%. The generally good order backlog from the previous year prevented a more serious fall in sales. The further course of business ...
plusBilaterals III: Swissmem welcomes decision on negotiating position
Zurich (ots) - Following significant progress in the exploratory discussions, the Federal Council today adopted its position for negotiations with the EU. The time is ripe for securing and further developing the success of the bilateral approach: Swissmem supports the Bilaterals III negotiating package. The association for the Swiss technology industry (mechanical and electrical engineering industries and related ...
plusThe industrial recession has reached the technology industry
Zurich (ots) - The downturn in the Swiss technology industry (mechanical and electrical engineering and related technology sectors) that began in the first half of 2023 has intensified in the third quarter of the year. Compared to the same quarter of the previous year, new orders fell by 10.5%, goods exports by 5.5% and sales by 1.5% in the third quarter of 2023. The sometimes very low figures for the global Purchasing ...
plusTechnology industry: Dark clouds are gathering
Zurich (ots) - The Swiss technology industry (mechanical and electrical engineering and related technology sectors) experienced a downturn in the first six months of 2023, with new orders falling by 9.6% overall compared to the same period last year. New orders declined significantly more in the second quarter than in the first (-14.3 % compared to -4.8%). First-half exports also fell, by 1.1%, while sales languished at ...
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SERV Schweizerische Exportrisikoversicherung
Swiss Export Risk Insurance SERV creates and preserves jobs in Switzerland
Zurich (ots) - Swiss Export Risk Insurance SERV conducted a study on the export and employment effects it generates with Offenburg University's Institute for Trade and Innovation (IfTI). The analysis shows that SERV compensates for exporting and financing risks on a large scale, thus creating and preserving up to 21,000 jobs in Switzerland. SERV also makes additional ...
plusTechnology industry: better than feared and cautiously optimistic
Zürich (ots) - The performance of the Swiss technology industry (mechanical and electrical engineering and related technology sectors) has improved in the past year. Compared with 2021, sales were up by 9.4%, exports by 5.6%, and new orders received by 2.4%. This partially offset the slump in orders experienced in the third quarter of 2022. For the current year, businesses' expectations are cautiously optimistic. Having ...
plusCannbit-Tikun Olam begins cannabis extracts export from Israel to Europe at the largest commercial quantity to date
Tel Aviv, Israel (ots/PRNewswire) - Cannbit-Tikun Olam Israel(TASE:TKUN), Israel's medical cannabis pioneer, today announced that the first commercial shipment of medical cannabis extracts produced by the company was making its way to Germany. It marks the largest volume of cannabis extracts exported from Israel to ...
plusThe downturn has now reached the industrial sector
Zurich (ots) - The situation in the Swiss mechanical and electrical engineering industries (MEM industries) is currently still good. Thanks to a strong first half of the year, sales rose by 9.6% in the first nine months of 2022 compared with the same period of 2021, while exports increased by 7.0% and order intake by 2.3%. However, the third quarter of 2022 saw a significant turnaround in order intake, which fell by 12.4% ...
plusLOTUS REPORTS ITS BEST QUARTER EVER WITH THE BIGGEST LAUNCH IN ITS HISTORY
Taipei, Taiwan (ots/PRNewswire) - Lotus Pharmaceutical (1795: TT), a multinational pharmaceutical company, today reported its financial results for the third quarter ended 30 September 2022. Third quarter financial highlights: - Third quarter 2022 is the best quarter ever in the Company's history, majorly driven by the successful launch of Lenalidomide in the US – ...
plusswissstaffing - Verband der Personaldienstleister der Schweiz
Swiss Staffingindex: Weakening Economic Climate Impacts Staffing Service Providers
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MEM industries: strong demand but greater uncertainty
Zürich (ots) - The vast majority of companies in the Swiss mechanical and electrical engineering industries (MEM industries) were able to benefit from the strong recovery of the global economy in the first nine months of the year. New orders rose by 30.6% year-on-year, sales by 10.5%, and exports by 14.9%. Companies in the MEM industries generally remain positive regarding the outlook for the next 12 months. However, ...
plusMEM industries: new orders above pre-crisis level
Zurich (ots) - Figures for the first quarter of 2021 released by the Swiss mechanical and electrical engineering industries (MEM industries) show a significant easing: new orders rose by +4.8% compared to the same period last year. Exports were also up, increasing by +3.3%. The key indicators suggest that most of the past year's pandemic-related declines will have been made up by the end of 2021. Margins in the MEM sector ...
plusIMD World Competitiveness Ranking: Singapore topples United States as world's most competitive economy
plusMedical technology sector suffers from legal uncertainty / Swiss Medtech gives recommendation to Swiss medical device manufacturers
plusNationalist politics identified as biggest risk for European businesses in 2019
plusKfW-ifo SME Barometer: Business confidence continues to fall
Frankfurt/Main (ots) - - SMEs' situation assessments and expectations were down in April - Concern over a global trade war weighs on sentiment - Upswing is slowing down but remains robust Business sentiment continued to fall across Germany in April, according to the current KfW-ifo SME Barometer. Confidence among SMEs fell by 1.5 points to 15.0 balance points, the third consecutive drop. Situation assessments were lower ...
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KfW IPEX-Bank presents its financial statements for the 2017 financial year
Frankfurt am Main (ots) - - KfW IPEX-Bank remains a reliable and strong partner to the German and European export economies with new commitments of EUR 13.8 billion in 2017 - It contributed EUR 469 million to KfW's consolidated earnings, thereby helping to secure long-term promotional capacity - Anniversary - since its spin-off ten years ago, the bank has supported the ...
plusQuarterly update of the Coface country risk assessments / Large and small emerging countries are experiencing strong turbulence
Un documentplusEffRx Announces Issuance of US Patent Providing Further Protection to EX101, Effervescent Alendronate Weekly Dosing Form
Epalinges (ots) - EffRx Pharmaceuticals SA, an Epalinges/Lausanne, Switzerland based drug delivery company, announces that US patent 7,964,212 was issued on June 21, 2011, enhancing the protection of EX101. This patent grants significant additional Intellectual Property concerning the EffRx Lead Program, EX101 (70 ...
plusMajor order for RUAG police ammunition from the Netherlands
Fürth/Thun (ots) - In a public invitation to tender, RUAG Ammotec, a subsidiary of the RUAG technology group, has won a major order for its 9 mm "Action" ammunition from the Royal Netherlands Constabulary. The order is worth 17 million euros. RUAG's newly developed product, which is based on Sintox technology, saw off competition from six other European bidders. RUAG Ammotec is Europe's leading supplier of small ...
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