World number one credit insurer has reinforced its presence on the Swiss market. As well as the branch in Zurich, Euler Hermes has opened a branch in Lausanne to provide the companies of the French speaking part of Switzerland with its services.
The Swiss association of small- and medium-sized enterprises (SMEs) says it favours closer cooperation with the European Union and reforms of the Swiss market.
Fortis Bank has received authorisation from the Swiss Authorities to open a Branch in Zurich (Switzerland) serving medium sized businesses
The Export Risk Guarantee Agency (ERG), which is based in Zurich, provides export insurance. Conditions are based on law SR946.11 of 1958 and subsequent amendments. Companies apply directly to the ERG.
The government has approved measures to compensate Swiss exporters who get their fingers burned abroad. Under these plans, exporters would be able to cover their risks on orders from private companies.
Electronic signatures will carry the same legal weight as written ones, when a new law comes into force in 2005. The groundbreaking move puts Switzerland among the first European countries to recognise e-signatures.
Complaints that big banks were reluctant to lend money to small businesses have proved largely unfounded, according to a new study.
Swiss insurance firm Zurich Financial Services is to sell up its consumer operations in France in favour of concentrating on insuring businesses.
An initial amount of ў21 billion loan agreement for the Trust Bank Limited has been signed between the Swiss State Secretariat (SECO), the Swiss Government's agency for developmental finance and the bank in Accra yesterday.
