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| | Need to Know | Capital City Bern | | Tipping 10-15% | | Electricity 220 V | | Weights and Measurements Metric system |
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Economy
Switzerland has a highly developed and industrialized economy, with one of the most impressive standards of living in the world. The GDP in 2008 was a staggering $309.9 billion, paralleling that of the United States. Switzerland remains a safe haven for investors, because it has maintained a degree of bank secrecy and has kept up the franc's long-term external value.
Industry is quickly giving way to the service sector – trade, financial activities and government accounting for 60% of the employment. Agriculture and related activities claim a mere 3.9% of the Swiss GDP today.
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Currency
The Swiss currency is the Swiss franc (CHF), divided into 100 centimes. Major credit cards are accepted in most places such as restaurants, shops etc.; but beware: traveller’s cheques are no good outside of a bank.
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Business Guide
Clockwork precision and punctuality mark the business atmosphere of the nation. Swiss business etiquette is similar to other countries in North Europe. The Swiss, especially in the German speaking regions, tend to be conservative in their business attire. They prefer using last names rather than the familiarity of first names. Small talk and personal/family talk is definitely unnecessary. English is widely spoken in business centers.
When conducting business with the Swiss, always be punctual and never "cold call" on a business acquaintance; show him the courtesy of fixing an appointment. It is a good idea to schedule appointments for the morning and make sure you are on time. Business cards are important and should be dispensed liberally. If you represent an established company, mention this on the card, as the Swiss are impressed by stability.
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Holiday Packages
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Travel Tools
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