Arab Israeli Conflict
Hi Tech News
Israeli ministry dealing and overseeing all matters concerning country's economy
The meeting between the Israeli finance minister and Palestinian officials comes amid efforts by the US to jump-start the diplomatic process.
Social Finance Israel, led by Yaron Neudorfer and his team, has dipped its toe into the water.
Finance Ministry helps boost investment in high-tech by issuing a new tender for funds.
Amidst all the hubbub of schmoozing and networking, two major Asian companies announced the launch of accelerators in Israel.
By NIV ELIS
The draft budget proposes that the justice minister consult with the heads of the Tax Authority (TA) and National Insurance Institute (NII) and amend the registration legislation.
By LEON HARRIS
The bill would put a series of regulations in place for executives making over NIS 3.5 million a year.
According to the report, Israel’s hi-tech sector grew at a rate of 9 percent a year.
Though Venture Capital investment has reached its pre-dot-com-bust levels, Israel's high-tech sector faces a shortage of skilled labor.
Overall 2016 budget plans a NIS 35 billion deficit, amounting to 2.9% of GDP.
Noting Israel's unexpectedly low deficit of 2.15% in 2015 Moody's says that the country's fiscal performance is improving "beyond expectations."
If two of the players join forces, they would control 40% of the market, and prices would creep back up.
According to the Finance Ministry, the move would increase the state’s revenues by NIS 500 million a year and put taxation on natural resources closer to that of oil and gas.
By SHARON UDASIN
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