This move is expected to dramatically reduce the cost of living in Israel and create a structural change in the Israeli market.
The advert suggested that the cost of living in America was so high because funds needed to be set aside for "killing Palestinians."
As a result of the change, the average electricity bill will increase by about NIS 10 per month.
The Finance Ministry seeks to scrap VAT exemption on overseas purchases, for a potential increase of NIS 3 billion in revenue; Israeli retailers welcome the move, but what about the citizens?
Here's a closer look at the key factors influencing the Israeli economy as highlighted in August’s Index.
Expenditure on public consumption rose by 3.8% in the second quarter, while defense consumption fell by 1.5%.
Since Monday, Carrefour has marked 26 products in its stores in France with labels reading, "This product has seen its volume or weight fall and the effective price by the supplier rise."
IFCJ launches aid operation to support needy families amid the High Holy Days.
A report by City Index found that Israel's currency saw the biggest drop in strength against the US dollar since the COVID-19 pandemic began in 2020.
In June of this year, Israel fell to fourth place behind Iceland, Ireland, and Switzerland.