Town lies in west-central Switzerland, While using the Alps to your south along with the Jura Mountains on the northwest. Bern includes a population of about 123,000 (December 2000 estimate) which is the seat of The chief and legislative branches in the Swiss govt.
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1997. The Swiss governing administration endorses a proposal to establish a memorial fund to compensate Holocaust survivors as well as their kinfolk for funds allegedly retained by Swiss banks.
Switzerland enjoys a fantastic reputation in the sector of education and learning, and plenty of fantastic international universities are in operation in the varied cantons.
revenue laundering allegations and connected banking scandals have disturbed the Swiss public viewpoint all through the 1990s. To fight transnational structured crime, abusing the liberal Swiss banking method, and partly responding to Global pressures, Switzerland slowly relaxed its banking secrecy guidelines and permitted international investigators access to bank documents in scenarios where unlawful acquisition or usage of resources ended up suspected. In 1998, new rigid funds laundering regulations were introduced and a big amount of high-profile Intercontinental revenue laundering circumstances were being investigated by magistrates in many cantons, specifically in Geneva. while in the late nineteen nineties, Swiss prosecutors investigated some serious allegations of money laundering by previous top Russian officers throughout the Swiss business Mabetex. In January 2001, Pavel Borodin, former head of Russian President Boris Yeltsin’s administration, was detained by U.
The Swiss government sees eventual membership in the EU as a Main foreign coverage concentrate on above the following a decade. even so, the SNB has actually been skeptical with the rewards of integrating Along with the euro currency. a lot of Swiss think that this kind of go would lead to Switzerland
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FLAG: The nationwide flag contains an equilateral white cross on a The Merger of Union Bank of Switzerland and Swiss Bank Corporation B Integration Planning crimson track record, Just about every arm with the cross currently being 1-sixth for a longer period than its width.
1874. a different constitution is passed, which, with modifications, is still in force; it completes the development of Switzerland from a bunch of cantons to the unified federal point out.
The agreements Along with the EU, accredited by the referendum in 2000, bundled the areas of air transportation (offering for enhanced entry for Swiss carriers in Europe and identical legal rights for EU carriers in Switzerland) and highway transportation (in return for much better use of the EU’s highway haulage market, Switzerland’s 28-metric ton truck excess weight limit will be peaceful in 2001, with complete obtain for the EU’s larger sized 40-metric ton vehicles by 2004). beneath the new technique of taxing major vehicles by excess weight, length traveled, and pollution brought about, massive vans are going to be needed to pay a toll of as much as US$200 to cross the place.
Swiss attitudes toward property ownership and financial investment are stricter than Those people during the U.S. real-estate acquire by a nonresident or a company not incorporated in Switzerland is subject to particular person overview by cantonal authorities and is also permitted in only specified specified—usually leisure—regions.