Holcim puts its business in Russia up for sale

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Economic stimulus in French-speaking Switzerland has remained strong despite the Covid-19 pandemic. After the 2020 fiscal year, marked by 85 companies, 86 foreign companies chose to settle in the French-speaking region of the country again last year.

Ultimately, the arrival of these 86 companies in our latitudes should lead to 955 job creation, according to indicators provided on Tuesday by the Greater Geneva Bern region (GGBa), a platform that brings together the economic promotion of the Geneva cantons. Vaud, Friborg, Neuchatel, Bern and Valais.

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Placements have not decreased in the first two years of the health crisis, but rather since GGBa hit 79 in 2019. However, health restrictions complicated the search task. “Many customers have not been able to travel to Switzerland and therefore a number of projects have not been successful,” CEO Thomas Bohn told AWP.

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These pandemic-related challenges have nonetheless accelerated the digitization of economic promotion. “We have gained efficiency through the development of tools such as (Teleconferences) and even the organization of webinars,” says Mr. Bohn.

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The director underlines that the Fribourg establishment of Sun Genomics, a company specializing in research on the gut microbiome, was carried out without a visit to Switzerland.

Other organizations cited by GGBa as examples include the Geneva-focused Belgian cybersecurity firm Approach, the Italian Pielleswiss, which will develop its “sustainable textiles” from the Neuchâtel site Microcity, or the American Macher group. Services that have established their European headquarters in Lausanne.

Russia was abandoned in 2015

European companies remain the companies with the largest numbers in statistics in French-speaking Switzerland, representing 49 of the 86 organizations executed in 2021 for the expected 420 job creation. The Americas and Asia-Pacific are far behind with 16 and 12 locations respectively.

GGBa evokes a 2021 fiscal year in continuation of the previous one and keeping all indicators green. “While it is difficult to assess the future impact of international conflicts, the tax reform initiated by the OECD, relations with the European Union, and even the rise in the value of the franc, Western Switzerland remains clearly attractive.” Press release.

The portfolio of projects for the current fiscal year is “solid” despite the geopolitical context, guaranteeing the Romandie platform for economic promotion. It is stepping up its efforts in “promising industries” such as agro-food and biotechnology production.

According to Thomas Bohn, the outbreak of war in Ukraine will not affect the business. “GGBa has not been active in Russia since 2015 and therefore we are not concerned at that level.”

This article was published automatically. Source: ats/awp

Source From: Google News

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