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How the CARES Stimulus Act Can Financially Help You and Your Business

Watch (and read) an important webinar titled Navigating Regulatory Changes, covering the latest “CARES” stimulus act as well as other relief initiatives and how they affect you, your business or organization.

Israel’s Gross Domestic Product Up at 4.1% Annual Rate

The increase in GDP in the third quarter reflects increases in expenditure for private and public consumption and a decline in fixed asset investments and exports of goods and services.

Israel Successfully Raises $3 Billion in US Dollar Bond Issue

Israel’s Treasury issued $2 billion worth of 30-year bonds at 3.375%, or 115 basis points more than comparable US Treasury bonds, and an additional $1 billion worth of 10-year bonds at 2.5%, or 68 basis points above the US Treasury’s rates.

Israeli Government Ran NIS 12 Billion Over Budget in 2019

The current deficit is the highest the Israeli government had since 2012 when the deficit was 3.9% of the GDP.

Israel Sees 70% Increase in Exports in Past Decade; Exports to China Increased 5-fold

Israeli export which is expected to reach $114 billion in 2019, an increase of 4.5% compared to the previous year’s figures.

Tel Aviv Ranked 10th Most Expensive City on the Planet

The flourishing Mediterranean seaside city tied with Los Angeles.

Israel’s Monetary Committee Keeping Interest Rate at 0.25%

In the past six months, the annual inflation rate has ranged between 1.2% and 1.4%. In the coming months, inflation is expected to range around the lower bound of the target.

Tel Aviv University #8 in the World for Most Venture Capital-Backed Entrepreneurs

The new ranking is one spot up from last year, while TAU remains the only non-American university in PitchBook's top ten.

Shari Arison to Sell Bank Ha’Poalim Controlling Shares

Last month, Shari Arison was questioned for nine hours by Israel Police on suspicion of her involvement in bribery, and was forbidden to leave the country.

BOI Governor: Israeli Economy In Good Shape, But Structural Weaknesses Must Be Dealt With

Bank of Israel Governor Karnit Flug warned that the government must avoid short-term thinking and take advantage of the good times to adopt long-term reforms.

Israeli Startup Seeks Approval to Pay Employees in Bitcoin

The main point of contention when it comes to paying salaries in cryptocurrencies is the volatility of the price.

Israel Takes a Bite Out of Food Prices, Down 5 Percent

The drop in food prices is particularly interesting given that net salaries have risen by three percent in the same time period.

Significant Drop in 2017 Home Sales in Israel

In December 2017, the number of homes sold (8,800) was down 20 percent from the same month a year earlier, the Chief Economist reported.

Israel’s Anti-Plastic Bag Law Increased the Sale of Plastic Bags

There's nothing quite like the law of unintended consequences, which will trump social engineering legislation any day of the week.

Unemployment Hits New Lows

“I wouldn't like to see a reality where a husband or wife gets up in the morning and they don’t have a job to go to," Kahlon said.

Bank Mizrahi-Tefahot Strike is Over

The strike affected New Olim who were planning to complete the purchase of their new homes in August.

Haifa Chemicals Employees Protest Layoffs

The giant ammonia tank was deemed a major health, environmental and security hazard for years.

Elovitch Expected to Cede Control of Bezeq

Bezeq, will reportedly give up control of the company as part of negotiations to negotiate a NIS 1.2 billion debt owed by the Eurocom group.

US Envoy Meets With Israel’s Prime Minister Netanyahu and Gaza Residents (Separately)

Gaza residents talked about peace and the economy in their meeting Wednesday with Greenblatt, and how they see their own situation.

Modi First Indian PM to Visit Israel

“In 70 years of Israel's existence no Indian prime minister has ever visited."

Bank of Israel Keeps Interest Rate Unchanged in June

"Housing market data have indicated moderation in demand for homes... and continued decline in the flow of new mortgages taken out."

Brexit Begins: PM Theresa May Triggers Article 50 of Lisbon Treaty

"This is an historic moment from which there can be no turning back," the prime minister said.

Netanyahu, Greenblatt Meet Again to Discuss Security of Israel, Lasting Peace

Discussions on the issue of Israeli settlement construction are continuing between the PMO and the White House.

Israel Bonds Celebrates New Record in Global and US Sales

"Investing in Israel has touched a response chord with individuals from all walks of life."

Turkish Energy Delegation Meeting Delek, Noble Energy Reps in Jerusalem to Discuss Gas Pipeline

On Monday, Turkey's Minister of Culture and Tourism arrives for a state visit to Israel as well.

Incoming Israeli Economy Minister Says It’s Important to Safeguard Industry, Attract Investors

The incoming Minister of Economy and Industry points out that reducing the cost of living in Israel means safeguarding jobs here at home.

US Secy of State Won’t Attend Inauguration of Next President

US Secy of State John Kerry said it was "frankly inappropriate" for President-elect Trump to express an opinion on actions by another leader.

Israel’s Globalized Economy Sets New Records

Israel, a well-established military and intelligence powerhouse is increasingly integrated into the global economy, emerging as an economic and technological powerhouse

Jamaica Wants Economic Cooperation With Israel

Jamaica's PM Holness says his people live in a "zone of peace" and offered condolences on the terror attack in Jerusalem.

Income Tax Employees’ ‘Italian Strike’ Threatening Israeli Economy

As of Sunday morning there are no assessment hearings, and for several weeks no taxation abroad is being certified, no tax withholding on transactions in Israel, and 7,000 real estate transactions are delayed.

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