Tag: Israel Economy
Israel approves economic recovery plan for business owners hit by COVID-19 closures
Israel’s Cabinet on Monday approved a 2 billion shekel ($624 million) plan to help business owners and the self-employed who have been hurt financially as a result of government-imposed COVID-19 closures.
The plan, dubbed “From...
Report: 268,000 more Israeli families living in poverty since pandemic onset
The number of Israeli households living in poverty has increased by more than a quarter of a million since the onset of the coronavirus pandemic, according to a new report by one of the...
Moody’s reaffirms Israel’s A1 credit rating
A recent report by global credit-rating agency Moody’s lauded the Israeli government’s fiscal policy but criticized its inability to pass a state budget.
The 31-page report, issued on Friday, said that while the agency expects...
Israel’s Health Ministry reports drastic increase in COVID-19 cases
Israel’s Health Ministry has reported a drastic increase in the number of patients who have tested positive for the coronavirus. Some 569 people tested positive out of the total of 17,472 that were tested...
Study: Israel second least affordable country
Israeli housing is the second most expensive in the world, a new study finds.
According to the study, conducted by Australia’s price-comparison website CompareTheMarket, the average Israeli household spends the equivalent of 26.6 percent of its...
Retail stores in Israel start to open, despite government coronavirus restrictions
Some large retail merchandise chains and small shops in Israel are defying the government restrictions and opening their doors in protest against the government’s lockdown, which, like so many other nations worldwide, has been...
Major retail chains across Israel prepare to join small-business revolt
The Association of Retail, Fashion and Café Chains in Israel, which represents 400 chains that employ some 300,000 workers, announced on Wednesday that its members will be opening their doors for business starting on...
In Knesset speech, Israel’s president blasts government over budget crisis, disunity
In his address to the opening of the 23rd Knesset’s winter session on Monday, Israeli President Reuven Rivlin launched a fierce attack on the coalition government for its failure to pass a state budget...
Second lockdown to cost Israel upward of $4 billion, says Israeli Finance Ministry
A month-long coronavirus lockdown will cost the Israeli economy between NIS 15 and 20 billion ($4.3 to $5.7 billion), the country’s Finance Ministry said over the weekend.
A senior ministry official stressed that the estimate...
As nationwide lockdown looms, Israel’s corona tally, number of serious cases climb
A nationwide lockdown in Israel seems inevitable with a deciding cabinet vote scheduled for next week as the number of new coronavirus cases hit a new 24-hour record from Thursday to Friday, with more...