Owner of the Meitav Investment House, claims that investors are frightened by the legislative blitz and are transferring more money abroad due to the continuation of the judicial reform legislation.
“If implemented in full, the proposed changes could materially weaken the strength of the judiciary and as such be credit negative,” the agency said.
Israel will have a constitutional crisis where the High Court will rule that the judicial reforms are illegal, and then every governmental body will have to decide who to listen to.
The hubs are looking at relocating to Greece or Cyprus so that workers can commute home on the weekends.
Charities increase requests to NGOs by 37% in the past three months
Shouting matches broke out almost immediately as opposition MKs charged the committee for not caring about the cost of living crisis faced by millions of Israelis.
Some in Israel's hi-tech sector fear that investors will be more reluctant to put their money in Israel if the judicial reforms are enacted.