Financial news, data and analysis.
A district court has just issued a judgment clarifying when zero-rate VAT applies to services for foreign residents.
Oren Goldstein: “Now that price hikes are taking place in every field, we absolutely must be on top of all these details.”
The sharp fall in salary may be attributed to the return of more lower-paid workers who were furloughed during the COVID-19 pandemic as well as the slowdown in the tech sector.
High-interest rates haven’t cooled the market. In June, the public received mortgage loans amounting to NIS 11.9 billion, an increase of 2.5% over June 2021.
An extensive investigation, paired with PM Lapid’s vendetta against the cost of living, is indicative of the government’s commitment to solving Israel’s economic pickle.
During July, the Israeli shekel strengthened 5.1% against the basket of the world's major currencies.
This is Upstep's second crowdfunding campaign, after 2021 one, in which the company raised $2.5m., breaking a crowdfunding record in Israel.
Lower-paid foreigners have been largely unaffected by the surging cost of living.
Networking expert Gil Petersil supplies valuable advice on changing economies, the future of crypto and how to succeed in a more difficult market.
TECH TALK: More than 500 tech employees in Israel were laid off in a single day on July 24. But not all tech fares badly in times of economic uncertainty.