Switzerland

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    Switzerland is a western European country, bordered by Germany to the North, France to the west, Italy to the south and Austria to the south.

    The official name of the country is Swiss Confederation. The abbreviation CH for Switzerland comes from the Latin word for that, Confoederatio Helvetica.

    The currency of Switzerland is the Swiss Franc (CHF). Notably, despite being surrounded by countries of the European Union (EU), Switzerland is neither a part of the EU nor of the eurozone. The central bank is called Swiss National Bank (SNB).

    Switzerland is one of the richest countries in the world by per capita gross domestic product, and has the highest wealth per adult (financial and non-financial assets) of any country in the world.

    Economy of Switzerland

    Switzerland is home to several large multinational corporations. The largest Swiss companies by revenue are Glencore, Gunvor, Nestlé, Novartis, Hoffmann-La Roche, ABB, Mercuria Energy Group and Adecco.

    The Swiss banking sector is one of the most important in the world. Notable financial institutions include the UBS AG, Zurich Financial Services, Credit Suisse and Swiss Re.