Strong Swiss Franc Putting Pressure On Hungarian Homeowners

Money

Though the Swiss are monitoring closely the value of the Swiss franc, some
Eastern Europeans might be checking the exchange rate with even greater
concern. Lured by low-interest rates on loans valued in francs, some
Hungarian businesses and local governments funded spending with the
foreign currency. But the stubborn strength of the franc against the euro
and dollar could bring sluggish times ahead, especially in Hungary. WRS’s
Tony Ganzer reports:

Coffee roasters fret over prices

Wake up, smell the coffee and check your wallet. This week Bern coffee-roasting giant Blaser Cafe is expected to announce higher prices for the coming year. Other roasters have already announced hikes, blaming the price of raw coffee. As WRS’s Tony Ganzer reports, this might not affect the price of your morning cup of java just yet, but roasters are fretting: