In the 2003-5 series of referendums, the Swiss people changed their country forever, economically aligning it with the European Union and opening it for job migration. It was a characteristic response to an increasingly disturbing era.
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In the 2003-5 series of referendums, the Swiss people changed their country forever, economically aligning it with the European Union and opening it for job migration. It was a characteristic response to an increasingly disturbing era.
In March 2003, the Swiss annual rate of inflation dipped to 1.3%. If it is a cause for celebration, it is interpreted that it is a sign of concern that deflation is hidden. Growth has been below trend for years now. Demand will always weaken and capacity will be idle. Taxes are high and national debt is rising.
The interest rate was chopped by half percentage points of March 2003, and is low enough to disappear. However, the Swiss franc is impervious to these financial gambits, five years high against the dollar. Switzerland relies on exports and tourism-they make up more than half gross domestic product. The almighty currency does not benefit from its trade balance.
The national economic emblem is crumbling left and right. In an interview to Daily Brick, André dose, the chief of the Swiss international airline route, the soaring successor of the bankrupt Swiss Airlines, begging for tax exemption, the lower premium airlines lost more than $ 700 million 2002 .
In a recent study, the research presented by Agrarplattform, a group representing farmers, processors and retailers, shows that their important agricultural sectors, especially milk, potatoes and meat benefit from such state-owned Ruag group etc. -Anti-war protesters engulfed indigenous military technology companies, their profits fell.
From 2002 to the 5th, Swiss major brand names Roche (pharmaceuticals), Credit-Swiss (banks), Adecco (manpower), Zurich's financial services lost record
And there are severe acute respiratory syndrome (SARS) and bird (bird) flu. Switzerland has been beaten in the first 10 suspected cases. At the airport at the inspection, the flight and assigned funds were at a new examination for research. Swiss pharmaceutical company Roche produced a diagnostic kit by End 2003.
No sector is not spared the recession. Swiss banks have been greatly blamed over the last few years for their conspiracy in money laundering, with US regulators and enthusiasts, mainly Europe
In 2002, a Swiss bank began sending more than $ 6.7 million to Nigeria, which was later plundered by the dictator Sani Abacha and deposited with them. In the run-up to war in Iraq, the government froze $ 368 million in Iraq's financial assets under Washington's order and repeated its actions in 1990.
Gangsters, terrorists, fraudsters, harmful politicians and tax dodgers are now in Lebanon and Cyprus, and also in Austria, the United States, the United Kingdom and Luxen Switzerland's reputation as a safe financial shelter has been battered.
This was only the latest in a series of turmoil that the ill banking industry is suffering.
In August 1998, intense public opinion pressure from Jewish organizations, and the two largest banks in Switzerland, UBS and Credit Suisse, used a red-faced Swiss government to overcome the claims of Holocaust survivors and their relatives. I threw a million dollars. The bank did not seem to be in a hurry to find heirs to the murdered Jews owners of billions of dormant accounts.
The settlement was achieved only when legal action was threatened by the Swiss National Bank and both US public opinion and legislators were sued against Switzerland. It covers dormant accounts, owners of slave workers, and 24,000 110,000 refugees have returned to a specific death at the Swiss border-or their heirs.
Paul * Bolkar, a high-level international committee headed by the former chairman of the Federal Reserve, identified 54,000 accounts opened by Holocaust victims-that to further formulate the Bergier Commission, Switzerland The Swiss legislature decided in 2002 that the Bank of Germany provided the Axis with interest-free loans in 1996.
Wall Street has another impact on Swiss financial intermediaries and its US based brokerage firm. Recently, they settled with US regulators beyond the cost of issuing biased equity analysis and recommendations. However, this is being charged with blocking justice and destruction of evidence from Credito-Switzerland's first Boston, Frank Quattrone, and a former star investment banker to prevent many medium and large Swiss companies from Has completely ended the polluted capital market.
Jean-Pierre Roth, chairman of the National Bank of Switzerland (SNB), warned of excessive optimism at the 2003 annual meeting, according to Swissinfo's news site, Swissinfo. Deterioration of trading conditions, stagnation of consumption, decrease of government spending, increase the "risk to recover the deterioration of the situation". .. The situation in the company is worse than in the previous year. "
The country is still plagued with red tape and anti-competitive cartels. He acknowledged that growth in 2003 was lower than expected by the bank only five months ago. The Organization for Economic Co-operation and Development (OECD) agrees. The forecast warned that the situation abroad was eased and that the inevitably assessed francs would continue to threaten the country's recovery.
GDP increased by 0.6 percent, 2003 percent and 1.9 percent in 2004. The more optimistic International Monetary Fund (IMF) predicted an increase of 0.3 for 2003 and 2.4. The economy froze at zero growth in 2002. The unemployment rate stood at an unprecedented 3.9 percent in March 2003.
But not all is dark. Infineon's German chip maker is considering moving to Switzerland. In March 2003, San Diego-based Netrom Tempest * Assets * Management launched the currency trading center in Zurich "Recorder of gourmet baker Hiestand computer peripherals maker Logitec from Swiss companies into multi-trillion dollar financial markets in Europe Representing a profit due to the soaring selling price.
The investor's optimism UBS index maintained by the Swiss Mammoth Bank, UBS and Gallup organizations climbed 61 points a month, reaching just the third size in 2003-Month Half of the population is expecting economic recovery and bisecting People believe in improving their employment prospects.
It is also attracted to globalization that gives up on Switzerland its great-costly-separation. Something that has resisted for decades-in May 2002, voted to join the UN. It was held in New York in 2003.
Ten million visitors attended the exposition. 02-National exhibition of Neuchâtel. The contract with the Seven European Union has come into force in March 2003. Incrediblely, Switzerland is poised to participate in the Schengen Agreement, which will lead to the abandonment of its border with the EU. Bank secrets are partially lifted in accordance with union directives.
70,000 people (one of them migrants) and-Switzerland is one of the richest politics on earth. The per capita income is over $ 38,000. The openness of the economy-its weakness-is also its source of strength. It gives Switzerland with enviable resilience and flexibility.
The country survived the First and Second World Wars, fighting in front of it. It has re-invented itself, turning from the naive back-to-back inland domain to the process of a financial and engineering global empire. As always, it is fine and ready for new challenges.
Composite sheet for all seasons
The company has introduced Polylitho self-adhesive sheet as a ready-to-print product designed for traditional litho and letterpress processes. It can also be varnished over and over, because of variable information systems such as dot matrix, heat transfer and certain types of screen printing and inkjet printing.
It's tough. :
Synthetic Label, Self-adhesive Label, Thermal Transfer, Labeling
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The company has introduced Polylitho self-adhesive sheet as a ready-to-print product designed for traditional litho and letterpress processes. It can also be varnished over and over, because of variable information systems such as dot matrix, heat transfer and certain types of screen printing and inkjet printing.
Made of a good clay coated polyolefin film with a matte finish and smoothness, Polylitho laminates to a heavy bleached kraft backing material. This ensures the company that says proper dimensional stability, flat and trouble-free machine supply.
Polylitho provides water, grease, oil, and tear-resistant sheet display material that is ideal for prestigious promotional and over-the-counter applications where durability is a criterion.
The promising clean, sharp print definition and sharp contrast should be particularly suitable for bar coding. Typical end uses include luggage, forestry and horticultural tags, labels for goods in transit, and plastic bottles.
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