web analytics
August 22, 2014 / 26 Av, 5774
Israel at War: Operation Protective Edge
 
 
At a Glance
InDepth
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



Israel’s Continuing Success

Hi-tech

Photo Credit: Gili Yaari/Flash 90

While Israel’s economy is increasingly impacted by the global economic meltdown – which has decreased tax income, increasing budget deficit, requiring substantial cuts in government expenditures - Israel’s Central Bureau of Statistics revealed some fascinating statistics.

Israel’s economic growth during the 2nd quarter of 2012 was 3.2%, surpassing the 2.5% expectation, compared with a 2.8% growth during the 1st quarter. Growth per capita increased 1.4%, reaching almost $30,000. Exports of goods and services –40% of Israel’s economic activity - surged 10%, following a decline during the previous three quarters. Private consumption rose by 5.4%.  Investment in fixed assets, which constitute a key growth engine, fell by 1.1%.  Imports declined 9.3%. Inflation assessment is within the 2%-3% target, but recent and expected price increase raise concerns (Globes Business Daily, Aug. 17).

Beyond economics, Israel is excelling in other fields. According to an August 2012 Bloomberg global health survey of 145 countries, Israel ranked 6th in the quality of healthcare it offers its population, along with their general health status. The report was based on information by the World Bank, the UN the World Health Organization, and studied life expectancy, mortality rate, and obesity levels among other factors.  Israel followed Singapore, Italy, Australia, Switzerland and Japan, ahead of the Holland, France, Canada, Britain and the USA. While Israel’s hospitals are crowded, and there is a shortage of doctors and medical staff, medical care in Israel is funded by the government for all citizens, regardless of their financial means. Israelis’ life expectancy is among the highest in the world.

Israeli companies are still attracting foreign interest. Qualcomm, the $105 billion San Diego-based digital wireless telecommunications giant, has acquired Israel’s DesignArt for $130 million, leveraging Israel’s innovative manpower. Qualcomm operates an Israeli R&D center, employing 260 persons (Globes Business Daily, Aug. 23).  Europe’s $5 billion STMircoElectronics acquired Israel’s bTendo for $9 Million, which will be the core of ST’s R&D center in Israel (Globes Business Daily, Aug. 6).

The NYC-based OrbiMed Healthcare Fund Management led a $20 million  round of private placement by Israel’s Ornim, joined by General Electric. This is OrbiMed’s third investment in Israeli companies (Globes Business Daily, Aug. 22).  William Murphy, the CTO of the NYC-based Blackstone Group announced the first Israeli investment by the world’s largest private equity fund – the data security start-up WatchDox Ltd. (Globes Business Daily, Aug. 14).

Israel is also making its mark in the sporting arena. 35 years ago, the Soviet basketball champion boycotted Israel during the European Championship. During the 2012 London Olympics, David Blatt the Israeli coach of the Russian national team – a former Princeton basketball star, who is also the coach of Israel’s champion Maccabee Tel Aviv – was credited by his players for winning the bronze medal.

Originally published at http://www.theettingerreport.com/Overseas-Investments/Qualcomm%E2%80%99s-Confidence-in-Israel%E2%80%99s-Economy.aspx

About the Author: Ambassador (ret.) Yoram Ettinger is consultant to Israel’s Cabinet members and Israeli legislators, and lecturer in the U.S., Canada and Israel on Israel’s unique contributions to American interests, the foundations of U.S.-Israel relations, the Iranian threat, and Jewish-Arab issues.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Israel’s Continuing Success”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
A member of Students for Justice in Palestine punched a pro-Israel student in the face at Temple University, Aug. 20, 2014. SJP claims the pro-Israel student provoked the incident.
Pro-’Palestine’ Students at Temple U Blame Victim for Altercation
Latest Indepth Stories
Charles Krauthammer

Wye would be seen to have set the groundwork for the creation of a Palestinian state

David_Grossman

Blaming Israel for the violence in Gaza, he ends up justifying Hamas’s terrorism.

488px-WielkaSynagoga3_Lodz

In the Thirties it was common for anti-Semites to call on Jews to “go to Palestine!”

Netanyahu-Obama-030212

Obama never hid his contempt for the Israeli government or the majority of Israel’s voters.

“This arbitrary ban is an ugly stain on our democracy, and it also undermines the rule of law.”

We take US “aid” for psychological reasons-if we have an allowance, that means we have a father.

ZIM Piraeus isn’t Israeli-owned or flagged, incidentally, it is Greek operated.

Foolish me, thinking the goals were the destruction of Hamas thereby giving peace a real chance.

The free-spirted lifestyle didn’t hold your interest; the needs of your people did.

And why would the U.S. align itself on these issues with Turkey and Qatar, longtime advocates of Hamas’s interests?

Several years ago the city concluded that the metzitzah b’peh procedure created unacceptable risks for newborns in terms of the transmission of neo-natal herpes through contact with a mohel carrying the herpes virus.

The world wars caused unimaginable anguish for the Jews but God also scripted a great glory for our people.

We were quite disappointed with many of the points the secretary-general offered in response.

Judging by history, every time Hamas rebuilds their infrastructure, they are stronger than before.

His father asked him to read Psalms from the Book of Tehilim every day.

More Articles from Yoram Ettinger
Just don't mention that the terrorists were Muslims

Pres. Obama claims there’s no Islam-driven terrorism or radicalism, only “local” cases of terrorism.

kerry clown

Kerry is preoccupied with pressuring Israel, notwithstanding the transformation of the Arab Spring .

Regional pro-US Arab countries rely on Israel as a deterrence to rogue Islamic regimes.

The 49 days between Passover and Shavou’ot are dedicated to enhancing one’s behavior, following in the footsteps of the Jews, who forged/enhanced their own national character during the 40 years in the desert.

The elimination of Jews was the top priority of the Grand Mufti of Jerusalem, Haj Amin al-Husseini.

Abbas – an ally of Saddam Hussein, North Korea, Iran, Cuba and Venezuela – provides Hamas with a vital tailwind.

The 1948 re-establishment of Jewish sovereignty was a modern day Exodus and Parting of the Sea.

What’s this Purim all about?

    Latest Poll

    Do you think the FAA ban on US flights to Israel is political?






    View Results

    Loading ... Loading ...

Printed from: http://www.jewishpress.com/indepth/analysis/israels-continuing-success/2012/08/27/

Scan this QR code to visit this page online: