israel economy

Allies of the Machane Yehuda market stand empty due to coronavirus
69% of unemployed Israelis remain out of work

A total of 1.06 million applications for unemployment assistance from the National Insurance Institute were submitted immediately prior to and during the coronavirus outbreak

15/06/2020
Israeli nonprofit Ogen Group raises $30m. for coronavirus aid

Twenty-five percent of Israeli non-profits, on which hundreds of thousands of Israelis depend for daily services in healthcare, welfare, education and more, have ceased operations entirely.

In pandemic, 40% of Israelis struggle with finances, basic needs

“Having one or two members of a family dismissed from their jobs or put on unpaid leave creates an economic crisis that affects the whole family."

01/06/2020
ANDREW ABIR
The Anglo playing a key role in jump-starting Israel’s economy

“We haven’t seen a contraction on a yearly basis in the Israeli economy for an awful long time, this is a very rare event.”

28/05/2020
What are the key challenges facing Israel's new finance minister?

Faced with an economy expected to enter recession, soaring unemployment and no government budget, it is difficult to imagine a harder welcome for Israel Katz.

18/05/2020
The Bank of Israel building in Jerusalem
Bank of Israel: Rate cutting was apart of economic damage control

The central bank on April 6 trimmed its benchmark rate to 0.1% from 0.25%, the first rate cut in five years and matching its all-time low.

By REUTERS
13/04/2020
Shai Babad
Finance Ministry: Soaring unpaid leave to cost state NIS 15 billion

The number of unemployment benefit claimants has climbed to almost 939,500, or 22.6% of the workforce.

29/03/2020
Netanyahu set to consider business rescue plans

"Our estimate is that 20% of all the employees who have exited the workforce will not return to their place of work."

26/03/2020
Economy Ministry: There is no shortage of food products

People have been seen emptying stores worldwide because of fears sparked by the coronavirus outbreak.

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