Tag: Israel Economy
Israel adds UK, Denmark to list of ‘red’ countries, approves aid for tourism sector
Israel extended COVID-19 travel restrictions on Wednesday, adding Britain and Denmark to the list of “red” countries, the Prime Minister’s Office said in a statement.
The government also extended the regulations restricting entry to and...
US dollar hits 25-year low against Israeli shekel
The U.S. dollar hit a 25-year low against the shekel on Tuesday, officially dropping below the benchmark that the Bank of Israel had hoped to avoid crossing. The euro also dropped sharply against the...
Shekel hits highest mark against dollar in 10 months
The Israeli shekel is increasing in value against the dollar and euro, with the dollar equal to less than 3.2 shekels this week—the first time since January it fell below 3.2.
“Excessive surplus supply of...
Report: Israel floats plan to import foreign workers to fill tech vacancies
Israel’s government is promoting a plan to increase the percentage of workers employed in the tech sector, including offering visas to foreign students and experts to fill job vacancies.
Backed by Interior Minister Ayelet Shaked...
Another government, another attempt to bring Israel’s housing prices down
Don’t bet on a continued rise in housing prices, Israeli Minister of Housing and Construction Zeev Elkin warned speculators on Aug. 4. “We are launching a massive move to moderate housing prices and eventually to...
Israeli exports expected to reach record in 2021
Israeli exports are expected to reach a record of at least $120 billion in 2021, according to Israel’s Economic Ministry.
The hi-tech sector is the most significant factor in export growth in recent years, the...
Israeli Finance Minister Lieberman describes budget as ‘national task’
Israeli Finance Minister Avigdor Lieberman met on Monday with key members of his staff for an initial discussion on formulating a two-year state budget for 2021-22.
Noting that passing a budget would be a critical...
2021 opens with record investments for Israeli startups
Following a record-breaking year that saw some $10 billion of investment flowing to Israeli companies, the reported amount of funds raised in January exceeded $1.2 billion, the highest-ever amount for a single month.
The highest reported amount...
Netanyahu, Katz unveil comprehensive economic stimulus plan
Israeli Prime Minister Benjamin Netanyahu and Finance Minister Israel Katz on Sunday unveiled a new stimulus plan seeking to combat the adverse economic effects of the coronavirus pandemic.
The government has already implemented several bailout...
Netanyahu urges world leaders to ‘pool’ scientific, economic efforts amid pandemic
Israeli Prime Minister Benjamin Netanyahu called on world leaders on Monday to work together to promote scientific research and economic growth amid the COVID-19 pandemic, the Prime Minister’s Office said.
“We all have research and...