economy of israel

Israeli reservist forced to sell business as reserve duty stretches over 100 days

Store owner Gal Anav announced the liquidation of his business in a facebook post amid the ongoing conflict with Hamas.

Economic optimism soars, yet CEOs grapple with AI, climate uncertainties

Notably, 39% of CEOs anticipate a significant increase in their company’s headcount by 5% or more in 2024, signaling a hopeful trajectory for employment worldwide.

Strauss Group to hike prices, lay off 150 workers

The company says that the decision to raise prices follows large rises in prices of raw materials in the past year.

By SHIRA SAPIR/GLOBES/TNS
16/01/2024

December 2023 Consumer Price Index records a 0.1% decrease from November

Noteworthy declines were recorded in fresh fruits and culture and entertainment (2.2%); clothing and footwear (1.8%), and furniture and household equipment (0.7%).

Tech sector surges amid 2023 challenges, anticipates growth in 2024

With private funding approaching $10 billion and stabilizing to 2019 levels, the ecosystem showcases a discerning yet robust investment environment.

Restoring Zionist ‘Iron Wall’: A proposal for renewed Israeli ideology - opinion

Offering components of national vision and renewed ideological-theological principles of action that will anchor the existence of the State of Israel securely into the future.

Comptroller's report on cost of living unveils critical issues in Israel's economy

As the government formulates the 2024 budget, it must evaluate the war's impact on living costs and address the deficiencies highlighted in the report.

An Israeli flag flutters outside the Bank of Israel building in Jerusalem August 7, 2013

Leumi: 'No interest rate cuts in every decision next year'

The Bank's forecast places the interest rate at 3.75%-4.00% at the end of 2024, signaling a cautious approach to monetary policy.

Price of electricity in Israel to rise 2.6% in February

As a result of the change, the average electricity bill will increase by about NIS 10 per month.

02/01/2024

BoI lowers interest rate by 0.25% in bid to combat inflation, stimulate economic growth

BoI implemented first interest rate cut since March 2020 to stimulate economic growth.

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