ECONOMY

If no alternative budgetary source is found, the demise of the travel tax could mean the end of tax breaks on purchasing electric vehicles.

Minister of Finance Bezalel Smotrich has included the initiative for new immigrants and returning Israelis in the proposed 2026 state budget.

With the interest rate decision due on November 24, Bank of Israel Governor Amir Yaron sees the latest inflation figures as “a step in the right direction.”

Prime Minister Benjamin Netanyahu wants to transfer tax revenues from banks to homebuyers whose mortgage repayments have risen sharply.

Following a wave of layoffs, the country’s tech sector has fewer employees, earning higher salaries.

Medical device giant Medtronic, which has 1,000 employees at eight development centers in Israel, is set to lay off 60 employees at its Jerusalem Oridion development center.

Addressing the Tax Advisors Association conference, Minister of Finance Bezalel Smotrich said he would promote an exemption from tax on income arising within Israel.

The dismissals are part of a plan to cut 4% of the US giant’s global workforce.

From January 1, 2026, the ten-year exemption from reporting overseas income will be abolished, although the tax exemption itself remains.

Prof. Elie Podeh, who has spent 30 years researching the region, analyzes the possible outcomes, good and bad, of the Trump peace plan.

The optimists and the pessimists are far apart in their growth  forecasts, but all agree that there is much uncertainty.

The agency's rating for Israel remains at Baa1 with a negative outlook, although it has upgraded its economic forecast.

A new analysis by the chief economist finds that the extraordinary tax benefits on the funds are regressive, and cost the public purse over NIS 10 billion annually.

The fiscal deficit was unchanged in September, after falling for the two successive previous months, the Finance Ministry’s Accountant General reports.

The potential is huge and in a world where economic ties tend to precede political declarations, it may be trade that will pave the way for future normalization.

The September Consumer Price Index fell more sharply than expected, while home prices fell for the sixth straight month.

HP has 2,500 employees in Israel.

The economic historian is among a trio of economists winning the prize for showing how technological progress has led to sustained economic growth.

Experts disagree on whether Israel's military achievements have restored its status in Saudi eyes - but, as ever, follow the money.

According to Dr. Gallia Lindenstrauss of INSS, Turkey may well restore commercial relations with Israel, but it will also keep supporting Hamas.

Even in the week before the ceasefire agreement with Hamas was signed, the shekel won the title of world's strongest currency. How far could it go?

Ezra Gardner, who co-founded the most active foreign VC fund in Israel, warns that overseas investors are shunning the country, but still says he’s “never been more optimistic” about it.

The bill stipulates a minimum tax rate of 15%, but opposition by the Trump administration casts doubt on its future.

Bloomberg reports that the meeting in New York focused on harnessing AI to strengthen Israel's economy and military edge.

Prof. Amir Yaron tells “Globes” that the results of the meeting in Washington are only part of the bank's overall considerations.

The Bank of Israel has left the interest rate unchanged for the 14th consecutive time, after raising its inflation forecast for 2025 and cutting its growth forecast.

Israel’s Ministry of Economy and Industry insists that the decline in chip exports to Ireland is not political but rooted in changes taking place in the global chip market.

Due to lingering inflation and the uncertainties of the war in Gaza, Citi does not see a rate cut before February 2026.

The Taub Center for Social Policy Research study blames the worrying trend on the war and accelerated use of AI.

While one talks of a return to the Stone Age, another sees the prime minister's frankness as an expression of strength.

"We are marching with certainty to a diplomatic, economic, and social abyss that will endanger our existence in the Land of Israel."