News

St. Gallen - The rating agency Fitch has raised the Raiffeisen Group’s long-term issuer default rating from A+ to AA-. The short-term issuer default rating has been raised from F1 to F1+. This reflects a modified rating methodology that is more nuanced in assessing bank capital adequacy.

St.Gallen/Oslo - The University of St.Gallen (HSG) is establishing a future fund. The foundation is a donation of 23.75 million Swiss francs made by HSG alumnus Christen Sveaas, the owner and executive chairman of the board of directors of AS Holding in Oslo.

St.Gallen - The Eastern Switzerland mobility alliance, Mobilitätsallianz Ostschweiz, is positively impacting commuter traffic. By encouraging working people to leave their cars at home, participating companies and cantons are contributing to cantonal climate goals. After a year and a half in operation, 1,000 employees have switched from private cars to public transport.

Uzwil/Abu Dhabi - The Agthia Group and Bühler from the Swiss canton of St.Gallen are launching the Agthia Academy powered by Bühler to offer training in milling, baking, and production optimization. The institution aims to strengthen national culinary expertise and contribute to food security in the United Arab Emirates (UAE).