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Bank of Israel Governor Amir Yaron attends a press conference in Jerusalem to present the bank's annual report on March 31, 2019. Photo by Yonatan Sindel/Flash90.

Bank of Israel: Economic shutdown due to coronavirus could eat 10 percent of GPD

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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...
A stockmarket ticker screen in the lobby of the Tel Aviv Stock Exchange, in the center of Tel Aviv, March 15, 2020. Photo by Flash90.

Israeli unemployment rate soars to 18.6 percent; official calls for total lockdown

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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...
Participants in Israel’s RavTech software-development company and training program. Photo by Chaim Zisovitz.

RavTech educational model engages haredim in workforce after studies

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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...
A sign announcing the closure of a playground in the northern Israeli city of Tzfat. The government ordered all bars, restaurants, malls and public entertainment areas to close in an effort to contain the spread of the coronavirus, March 18, 2020. Photo by David Cohen/Flash90.

Coronavirus causes a surge of unemployment in Israel

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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...
Israeli Prime Minister Benjamin Netanyahu holds a press conference with Finance Minister Moshe Kahlon, Economics Minister Eli Cohen and Bank of Israel head Amir Yaron (not pictured) on economic preparations for the financial fallout of the COVID-19 crisis, March 12, 2020. Photo by Olivier Fitoussi/Flash90.

Israel’s public sector put on ‘emergency footing’; Netanyahu announces ‘economic safety net’

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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 Prime Minister Benjamin Netanyahu holds a press conference at the Prime Minister’s Office in Jerusalem on March 12, 2020. Photo by Alex Kolomoisky/POOL.

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...
A view of the Yehudit Bridge and the Ayalon highway in Tel Aviv, Feb. 17, 2019. Photo by Adam Shuldman/Flash90.

Israeli employment at record high while pay gaps remain, study shows

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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...
Israeli Prime Minister Benjamin Netanyahu, Nov. 24, 2010. Photo by Abir Sultan/Flash 90.

Netanyahu’s accomplishments will stand for decades

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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...
Israeli shekel bills. Credit: Nati Shohat/Flash90.

Foreign investment in Israel jumped 30 percent between years of 2015-17

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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...
A view of the Tel Aviv Stock Exchange, Dec. 25, 2018. Photo by Adam Shuldman/Flash90.

Daniel Doron thinks Israel should top the world markets, and he explains how

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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...