Report demonstrates that according to nearly every economic indicator, Israel’s economy continues to soar by leaps and bounds.
By Hillel Fendel
Wherever good news for Israel is to be found, Yoram Ettinger is there to publicize it. A long-time government consultant for US policy and projects, Ettinger now writes of a new economic study showing that “sustained, impressive growth of Israel’s economy throughout the last 30 years.”
Israel’s hi-tech industry helping to power a resilient economy – Reuters
The study was published earlier this month by Dr. Adam Reuter, CEO of Financial Immunities Consulting and the Chairman of Reuter-Maydan Investment House. Continue Reading »
Netanyahu-appointed committee looks to end Israel’s massive black market by ending cash transactions therefore recovering lost tax revenues.
By Yossi Aloni
A special committee headed by Prime Minister Benjamin Netanyahu’s chief of staff, Harel Locker, has recommended a three-phase plan to all but do away with cash transactions in Israel.
10 New Shekel coin – Israel Today
The motivation for examining a cash-less economy is combatting money laundering and other tax-evasion tactics, thereby maximizing potential tax collection and greatly expanding the tax base. This is important considering the enormous strain put on Israel’s national budget by the army, healthcare system and other public services. Continue Reading »
Europe’s economic & political stagnation, constant condemnation of Israeli policies and deep rooted legacy of anti-Semitism set it apart from East Asia.
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Slowly but surely Israel is pivoting toward the East. Years ago that would have been a most unexpected development. After all, most of Israel’s population originated from Europe, and most of its leadership had its roots in Europe. For many years Israel might have been considered, for better or for worse, an outpost of Europe in the Middle East. Whether Europe loved Israel or hated Israel, Europe remained Israel’s closest connection to Western civilization.
Forbes magazine’s new purchasing index concludes that Israel’s shekel is one of the most overvalued currencies in the region.
The Israeli shekel is among the most overvalued currencies in the Middle East and food prices in Israel have increased more than in any other developed country since 2005, according to a new purchasing index from Forbes magazine called the Falafel Index.
The Falafel Index is a version of the Economist’s Big Mac Index tailored for the Middle East.
Like its older counterpart, the Falafel Index determines the purchasing power of different currencies – but rather than comparing hamburgers, it compares the prices of falafel across the region. Continue Reading »
Revealing retirement benefits data for 1st time, IDF is paying out 6.8 billion shekels in 2014 to some 35,000 retirees, with ex-combat soldier, 82, leading pension payments at 63,000 shekels per month.
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In response to a request from Haaretz, the Israel Defense Forces Spokesperson’s Office has published a list revealing the highest pensions being paid to former army personnel. Topping the list is an 82-year-old former combat soldier who receives some 63,000 shekels per month.
IDF Chief of Staff Gantz oversees a military drill. – Photo by IDF Spokesperson’s Unit
The army is expected to pay some 6.8 billion shekels to about 35,000 retirees (the army censor does not allow publication of the exact number) in 2014.
The Portuguese born reporter says he’ll film the documentary to foster good relations between the Pope, the Jewish people & Israel.
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The Tourism Ministry is paying 215,000 shekels ($61,800) to a Portugal-born, Israel-based journalist for 14 filmed news reports on Pope Francis’ visit to Israel in May. The ministry plans to use the footage to promote tourism to the country.
Pope Francis and President Shimon Peres exchange greetings during a private meeting at the Vatican, April 30, 2013.- Photo: Reuters
The reports by journalist Henrique Cymerman will be broadcast on Catholic-oriented television stations and websites around the world.
This is the1st export deal from the Tamar field off Israel’s coast, supplying natural gas over 15 years to 2 separate Jordanian companies.
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The partners in the Tamar natural gas field off Israel’s Mediterranean coast signed their first export deal, to sell at least $500 million of gas over 15 years to two Jordanian companies.
The platform at the Tamar offshore gas field. – Photo: Albatross
Under the agreement, Tamar will supply 66 billion cubic feet of gas a year to Arab Potash and its unit, Jordan Bromine – a joint venture with U.S.
Dr. Karnit Flug, the Bank of Israel Governor, believes a tax increase may be required to meet needs created by growing demographic trends in Arab and haredi sectors.
United Torah Judaism MK calls Flug’s comments “incitement.”
By Hezi Sternlicht, Zeev Klein, Yehuda Shlezinger
Current demographic trends could cause Israel’s economy to regress in terms of employment rates, Bank of Israel Governor Dr. Karnit Flug warned Monday.
Bank of Israel Governor Dr. Karnit Flug – Photo: Lior Mizrahi
Flug, speaking at a Central Bureau of Statistics seminar, said that “the makeup of the population is expected to change, with greater weight comprised by the Arab and especially the haredi sectors.” Continue Reading »
Whether or not the plans to connect Red Sea resort city of Eilat with Ashdod on the Mediterranean by rail, competes with Egypt, it’s likely to boost ties with China.
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It has been called Israel’s potential Suez Canal. A planned rail freight link could provide an alternative to the famed Egyptian waterway.
A convoy of container ships pass southbound along the Suez Canal towards Suez, Egypt, on Saturday, April 6, 2013.- Photo: Bloomberg
The project would connect the 300-plus kilometers between Eilat on the Red Sea and Ashdod Port on the Mediterranean. And it could be the chance for China to gain a foothold in the region.
Will a peace deal bring economic growth to both sides or will the only ‘boom’ be that of rockets bringing down Israel’s economy?
A rift has emerged between the two ministers most responsible for shaping Israel’s economy, Finance Minister Yair Lapid and Economy Minister Naftali Bennett.
A McDonald’s restaurant in Israel. – Photo: REUTERS/Ronen Zvulun
Though normally allies, even “brothers” on economic issues, politics pulled them apart in the past two weeks over the economic implications of peace talks with the Palestinians.
Bennett fired the first salvo. At a Bayit Yehudi faction meeting on January 20, he declared George H.W. Continue Reading »
National Power Index ranks Israel 10th in recent study. The research is composite index of factors including economic & military capabilities.
Israel, the tiny nation that defied history in coming back to life after 2,000 years of exile, is among the top 10 most powerful nations in the world according to a recent research study.
Market Business News recently reported on the 2012 National Power Index (NPI), released by the Foundation for National Security Research (FNSR), a New Delhi-based think tank. The study is a comprehensively revised version of the previous indexes published in India’s National Security Annual Review (INSAR) since 2002. Continue Reading »
Justice Minister Tzipi Livni will hype peace talks warning that lack of agreement with Palestinians will be negative on country’s prosperity
By Yuval Karni
For the first time in 16 years, a sitting Israeli prime minister will participate in an economic conference in Davos. The last time it happened it was also Benjamin Netanyahu, during his first term as prime minister.
A protester at the Davos forum last year – Photo: AP/Archive
But an even rarer sight will be seen at the annual World Economic Forum in Davos in the coming days – the prime minister and President Shimon Peres, together, representing Israel outside of the country’s borders. Continue Reading »