Tag: Israel Economy
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...
Israel’s industrial sector to receive $323 million in government assistance
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...
Bank of Israel Governor urges government to pass budget, prevent new elections
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...
Israeli Finance Ministry report: Economy unlikely to reach pre-pandemic growth until 2025
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,...
Israel begins rollout of COVID-19 stimulus payments
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...
Knesset approves national COVID-19 ‘Safety Net’ aid program
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...
Israeli Cabinet moves ahead with $1.9 billion COVID-19 stimulus plan
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...
Israel adjusts $1.8 billion stimulus plan to exclude top earners
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...
Israel fights UN discrimination with green initiative
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...
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...