egged bus 311.
(photo credit: Courtesy)
GDP grows 4.5 percent this year • By ADRIAN FILUT
Israel’s GDP rose 4.5 percent
in 2010, in fixed prices, the Central Bureau of Statistics reported Wednesday.
Israel’s GDP growth was almost double the expected OECD average of 2.7% for the
Israel’s GDP rose 0.8% in 2009 and 4.2% in 2008. The preliminary
estimate of the 2010 growth figure is unexpectedly strong; economic
organizations had predicted 4% growth. Israel’s average unemployment rate of
6.7% in 2010 is well below the OECD average of 8.3%.
The Central Bureau
of Statistics cited three noteworthy developments in 2010: the rapid growth of
exports, which began in the second half of 2009 and ended in the third quarter
of 2010; the rapid growth in private consumption, which began at the same time
and also slowed; and steady growth continued in investment in fixed assets,
including housing starts.
Israel’s GDP per capita rose 2.7% in 2010,
after falling 1.1% in 2009, during the severe global economic crisis and the
sharp slowdown in Israel’s economic growth. Israel’s performance in this
variable was also above the OECD average of 2.3%.
rose 5.3% in 2010, after rising 0.1% in 2009. Investment in fixed assets,
including in residential housing, stands out in particular, rising 10% in 2010,
compared with the OECD average of 2.2%.Elbit Systems wins Asian air
• Globes correspondent
Defense electronics company Elbit Systems
Ltd. said Wednesday an air force in Asia has awarded the company a contract
worth about $18 million. The deal is for the supply of an EHUD Air Combat
Maneuvering Instrumentation (ACMI) system.
The contract, to be performed
over two years, is a follow-on order that calls for the supply of two additional
complete systems (static and mobile) to be used for real-time, autonomous
air-to-air and air-to-ground combat training and debriefing. The new systems
will be able to be used together with an existing Elbit Systems training system
that the customer is already operating.
Elbit said 18 air forces, on four
continents, including numerous NATO countries, have chosen the EHUD ACMI
training systems.Elbit Imaging buys US shopping centers
Real-estate firm Elbit Imaging Ltd. said Wednesday its EPN
Investment Management unit has signed a deal to buy to purchase seven shopping
centers in Georgia, Oregon and Florida. The purchase price is $75 million, out
of which $22.7m. would be paid by way of assumption of propertylevel debt, Elbit
said. The properties have net operating income of about $7m., which reflects an
annual yield of approximately 9.2 percent, Elbit said.
EPN will buy the
centers from certain affiliates of Charter Hall Retail REIT. The centers have a
total gross rentable area of about 60,000 square meters and a current occupancy
rate of 91%.
EPN is a joint venture of Elbit Imaging, its subsidiary
Plaza Centers NV and Eastgate Property LLC.Public transportation fares
• By EREZ WOLLBERG
Public transportation fares will rise by an average
of 3 percent starting January 1, the Transportation Ministry announced
Wednesday. The fares are updated twice a year, in July and January, based on the
Consumer Price Index.
Fares were not changed in July because inflation
The basic bus fare (code 1) in greater Tel Aviv will rise 3.4%
to NIS 6. The basic bus fare will rise 3.2% to NIS 6.40 in Haifa and Jerusalem,
and 2.5% to NIS 4.10 in Beersheba.
Basic monthly bus passes will also
rise, by 3.3%, to NIS 222 in greater Tel Aviv and to NIS 252 in Jerusalem and
Although train fares are also updated according to the mechanism,
the fare hike has been postponed, apparently to February, because of planned
changes in the train-fares policy by the Transportation Ministry.