Swiss government unveiled a 1.5 billion Swiss francs (1.9 billion) package to help cope with the strong currency when it meets later Wednesday, a Swiss newspaper reported.
Prospective investors in the debt crisis in the euro area and the signs of a slowdown in the U.S. have declared just crammed into the port, which has established a number of records this year.
Rapid rise of the franc was screaming Swiss companies and exporters, who see declining margins, increased pressure on Swiss officials to take decisive action.
Under the new measures, the Government will exempt small and medium businesses and hotels in social contributions, the newspaper Tagesanzeiger reported, citing sources close to the Swiss cabinet.
Reductions in social security contributions, which could ease the companies up to 1.3 billion francs, is limited to one year, the newspaper said.
In addition, the Economics Minister Joseph Schneider-Ammann plans to support the tourism industry and the Commission on Technology and Innovation, with 100 million francs.
He describes the steps the newspaper is similar to the measures announced by the government earlier this year. The government in July rejected the idea of capital controls.
Speculation is also a tendency for the Swiss National Bank, that the talks with the Swiss government could set a lower limit for the euro-Swiss franc exchange rate on Wednesday.
(1 dollar = 0.791 Swiss francs)
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