50 former ministry chiefs warn judicial reform will hit economy

Former director general credit: Eyal Izhar, Sasson Tiram and Inbal Marmary
Former director general credit: Eyal Izhar, Sasson Tiram and Inbal Marmary

Some of the director generals served in Netanyahu-led governments.

Fifty former director generals of economic ministries have warned on the economic ramifications of the government's planned judicial reform. Some of the director generals served in Netanyahu-led governments.

In a letter the former director generals said that the appreciation and stability that the Israeli economy enjoys is due, among other things, to the independence of the judiciary and the civil service, and harming them and lowering their quality will lead to damage to the Israeli economy, a cut in the credit rating and difficulties in raising capital for the tech industry.

Among the signatories of the letter were former Ministry of Finance director generals Yaron Ariav, David Brodet, Haim Shani, Salom Zinger, Keren Terner, Yaakov Lifschitz, Aharon Fogel, and Ohad Mariani as well as former heads of the budget division Ori Yogev, David Milgrom and Shaul Meridor. Former Prime Minister's Office director generals Ra'anan Dinur, Yossi Kuchik and Ilan Cohen also signed the letter as well as other senior officials in the Ministry of Finance and director generals of other economic ministries.

The letter said, "We former senior civil servants who served as director generals in economic ministries express our deep concern at the measures the government is expected to take to harm the independence of the judicial system and civil service, which in our opinion would cause unprecedented damage to the Israeli economy."

Published by Globes, Israel business news - en.globes.co.il - on January 31, 2023.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2023.

Former director general credit: Eyal Izhar, Sasson Tiram and Inbal Marmary
Former director general credit: Eyal Izhar, Sasson Tiram and Inbal Marmary
Yitzhak Tshuva credit: Gidon Levy and Tali Bogdanovsky Competition Authority allows Delek takeover of Isracard

The Competition Authority is considered the easier of the two regulatory hurdles that the deal must overcome, the other being the Supervisor of Banks.

David Amsalem  credit  Noam Moskowitz, Knesset Spokesperson's Office Rafael to pay state NIS 444m dividend

The minister in charge of the Government Companies Authority, David Amsalem, has approved the payment by the defense company.

Barak MX air defense system  credit: IAI IAI profit jumps 55%

Israel Aerospace Industries posted a net profit of $493 million for 2024, and ended the year with an all-time high orders backlog of $25 billion.

A TSG system in tactical use  credit: PR TSG signs cooperation agreement with US defense co

The agreement includes the integration of TSG's advanced technologies into sensor-based defense systems, which will be integrated into the operational systems of US defense units.

Bria CEO Yair Adato credit: Kseniia Poliak Israeli visual generative AI co Bria raises $40m

Bria’s Visual Generative AI platform empowers businesses to create predictable, controllable, and on-brand content that aligns with their visual language.

Amnon Shashua and Aviram Ziv credit: Eyal Izhar OrCam stymied by investor dispute with Shashua

Demands by institutional investors are blocking the visual and hearing impairment device developer's recovery plan.

Work on the Green Line credit: Bar Lavi Egged wins tender to operate TA light rail Purple, Green Lines

NTA awarded the tender to Egged, which already operates the Red Line, despite government ministry opposition to one operator for the entire network.

Gabi Seroussi illustration: Gil Gibli Board chooses Seroussi as IAI chair as Erdan freezes candidacy

Israel Aerospace Industries board chose Gabi Seroussi as chair even though he did not to go through the preliminary process of the Government Companies Authority appointments review committee.

Bavli Park penthouse credit: Eyal Tagar Tel Aviv Park Bavli penthouse sells for NIS 43m

A 44th floor penthouse in one of the two towers in businessman Yitzhak Tshuva's Park Bavli project has been bought by an Israeli businessperson.

El Al aircraft  credit: Yoav Yaari El Al pilots receive nearly NIS 250,000 bonus each

Thanks to the agreements signed with the unions in 2018, El Al's employees as well as senior management share in last year's success.

Pentera CEO Amitai Ratzon credit: Eyal Izhar Israeli security validation co Pentera raises $60m

Pentera's platform enables security teams to analyze complete attack paths, identify root causes, and prioritize remediation for effective risk reduction.

Tel Aviv credit: Shutterstock Supply of unsold new homes hits record

Israel's real estate market is sliding into recession with 78,000 unsold new apartments in January, the Central Bureau of Statistics reports.

D&B chairman Doron Cohen and Meitar partner Dan Geva Meitar reclaims title of Israel's biggest law firm

Meitar has first place with 537 lawyers, followed by Herzog Fox Neeman with 512 lawyers, according to the latest Dun's 100 rankings.

First International Bank of Israel CEO Eli Cohen  credit: Eyal Toueg First Int'l posts top return on equity

First International Bank of Israel's return on equity in 2024 was 19%, the highest among Israel's banks.

Dina Ben Tal Ganancia  credit: Guy Kushi & Yariv Fein El Al almost quintuples profit

The airline posted a net profit of $545 million for 2024, 4.7 times the profit in 2023, and an all-time high.

Gev Hadari credit: Nati Hortig Sompo Israel appoints Gev Hadari as cybersecurity head

Hadari's expertise spans penetration testing, including Red Team operations, web applications, mobile applications, OT/IOT products, and both external and internal assessments.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018