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Yisrael Katz. Credit: Hebrew Wikipedia.

Cabinet approves details of plan to accelerate the economy

The Cabinet, today (Sunday, 16 August 2020), approved the details of Prime Minister Benjamin Netanyahu’s and Finance Minister Yisrael Katz’s approximately NIS 8.5 billion plan to accelerate the economy and assist government ministries and...
Independent business owners and workers from the tourism sector protest outside the Israeli Finance Ministry in Jerusalem, calling for financial support from the Israeli government, on June 30, 2020. Photo by Yonatan Sindel/Flash90.

Israel’s industrial sector to receive $323 million in government assistance

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Israeli Finance Minister Israel Katz and Economy and Industry Minister Amir Peretz have agreed on a plan to bolster investment and employment in Israel’s industrial sector, which is suffering due to the economic fallout...
Governor of the Bank of Israel Amir Yaron speaking in Jerusalem on March 31, 2019. Photo by Yonatan Sindel/Flash90.

Bank of Israel Governor urges government to pass budget, prevent new elections

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Bank of Israel Governor Amir Yaron has called on the government to pass the national budget as soon as possible to stave off another round of Knesset elections as the country grapples with the...
Pedestrians in downtown Jerusalem on Aug. 2, 2020. Photo by Yonatan Sindel/Flash90.

Israeli Finance Ministry report: Economy unlikely to reach pre-pandemic growth until 2025

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Israel’s Finance Ministry assesses in a new report that it could take the economy until 2025 to return to its pre-pandemic unemployment rates and growth statistics. According to the report, released on Sunday by Channel 13,...
Israelis shop in Tel Aviv, on July 29, 2020. Photo by Miriam Alster/Flash90.

Israel begins rollout of COVID-19 stimulus payments

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More than 1 million Israeli citizens woke up on Sunday to find that a one-time government stimulus payment had been deposited into their bank account, according to Israeli media reports. The country’s National Insurance Institute...
Israeli Finance Minister Israel Katz holds a press conference at the Finance Ministry in Jerusalem on July 1, 2020. Photo by Olivier Fitoussi/Flash90.

Knesset approves national COVID-19 ‘Safety Net’ aid program

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Israel’s Knesset passed the Economic Aid Plan Bill in second and third readings on Wednesday. The legislation, known as the “Safety Net” program, aims to help those hit hardest by the coronavirus pandemic. The legislation...
Israelis walk on Jaffa Road in Jerusalem's center on July 12, 2020. Photo by Olivier Fitoussi/Flash90.

Israeli Cabinet moves ahead with $1.9 billion COVID-19 stimulus plan

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Israel’s Cabinet on Sunday approved a NIS 6.5 billion ($1.9 billion) plan to grant nearly every Israeli citizen a one-time cash payment to help stimulate the country’s struggling economy, which has been hit hard...
Israeli Prime Minister Benjamin Netanyahu and Defense Minister Benny Gantz lead the weekly cabinet meeting, at the Foreign Ministry in Jerusalem on June 7, 2020. Photo by Marc Israel Sellem/POOL.

Israel adjusts $1.8 billion stimulus plan to exclude top earners

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Israel’s government decided on Monday to move ahead with a plan to disburse cash grants to all citizens to help stimulate the economy amid the COVID-19 crisis, though with a number of caveats. Following a...
Orit Farkash-Hacohen, the chair of Israel's Public Utilities Authority, attends a discussion at an Economic Affairs committee meeting in the Knesset on March 18, 2014. Photo by Flash90.

Israel fights UN discrimination with green initiative

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Israel’s Strategic Affairs Ministry unveiled a new program on Sunday that would essentially grade Israeli businesses according to their contribution to society, as part of an effort to offset potential blacklisting by the United...
Israeli Health Minister Yuli Edelstein speaks during a press conference at the Health Ministry in Jerusalem on June 28, 2020. Photo by Olivier Fitoussi/Flash90.

Edelstein: Israel will likely have to initiate a full lockdown next week

In a tense meeting of top officials on Tuesday, Israeli Health Minister Yuli Edelstein said that unless the country’s COVID-19 numbers don’t change within the next three days, “there would be no option but...