Tag: Israel Economy
Bank of Israel: Economic shutdown due to coronavirus could eat 10 percent of GPD
The shutdown of Israel’s economy due to the coronavirus pandemic will come at a cost of up to NIS 130 billion ($36 billion), which is 10 percent of the nation’s GDP, Israel’s Finance Ministry...
Israeli unemployment rate soars to 18.6 percent; official calls for total lockdown
The unemployment rate in Israel reached 18.6 percent on Tuesday with 91 percent of those now out of work being put on unpaid leave as a result of the coronavirus (COVID-19).
The nation’s unemployment rate...
RavTech educational model engages haredim in workforce after studies
The American prison population and Israeli ultra-Orthodox may not seem to have much in common; however, a recently developed educational model ties the two together, each with the goal of integration into a wider...
Coronavirus causes a surge of unemployment in Israel
More than 100,000 Israelis have been laid off and are eligible for unemployment benefits as a result of the economic situation in the wake of the coronavirus (COVID-19).
In a seven-hour period on Wednesday, 28,000...
Israel’s public sector put on ‘emergency footing’; Netanyahu announces ‘economic safety net’
Israel’s public sector will transition to “emergency footing” due to the COVID-19 crisis, Israeli Prime Minister Benjamin Netanyahu announced during a Monday-night press conference in Jerusalem.
Under the new measures, up to 80 percent of...
Israeli COVID-19 cases rise to 200; government tightens restrictions
Israeli Prime Minister Benjamin Netanyahu on Saturday announced a partial shutdown of Israel’s economy with the aim of stemming the COVID-19 outbreak.
According to Israel’s Health Ministry, as of Sunday, there were 200 confirmed cases...
Israeli employment at record high while pay gaps remain, study shows
The employment rate of Israelis aged 25 to 64 stands at a record 78.3 percent, while major wage gaps between population groups continue to exist, according to a report published on Wednesday by Israel’s...
Netanyahu’s accomplishments will stand for decades
Currently at the head of a caretaker government between two elections in the same year, Israeli Prime Minister Benjamin Netanyahu has become the longest-serving prime minister in Israeli history, breaking the record set by...
Foreign investment in Israel jumped 30 percent between years of 2015-17
Foreign investment in Israel jumped 30 percent in two years, according to a new report from the Central Bureau of Statistics, released on Sunday.
The report states that foreign investments in Israel totaled $129.1 billion...
Daniel Doron thinks Israel should top the world markets, and he explains how
Daniel Doron is an important economic personality in Israel, developing free market reforms behind the scenes, such as the financial markets reform in 2005 that broke the duopoly of the major banks Leumi and...