Nielsen credit: Shutterstock JHVEPhoto Nielsen to close Israel development center

The US information, data and market measurement firm plans transferring its development operations to India, "Globes" has learned.

Bank of Israel Governor Amir Yaron credit: Eyal Izhar, Tali Bogdansky Bank of Israel could cut rate again next week

With inflation falling, estimates have changed and more and more economists believe we will see a further interest rate cut this month.

Emmanuel Macron  credit: Shutterstock/Alexandros Michailidis France seeks to expedite India-Middle East-Europe corridor

The project, which includes Israel, is partly meant to counter China's "Belt and Road" program and the Russia-India "North-South" corridor via Iran.

Benjamin Netanyahu and Bezalel Smotrich credit: Reuters POOL Delay cuts NIS 137b from Israel's state budget

Ministry activities could be paralyzed until March as the government misses the deadline to enact the revised 2024 budget.

Holon employment bureau credit: Eyal Izhar Higher unemployment but less people on unpaid leave

The number of unemployed in Israel rose by 11,000 in January 2024 to 3.4% from 3.1% in December 2023, the Central Bureau of Statistics reports.

Negative growth in 2023 credit: Tali Bogdanovsky Israel's per capita GDP shrank in 2023

After the economy contracted nearly 20% in the fourth quarter because of the war, GDP per capita fell last year, the Central Bureau of Statistics reports.

Inflation  credit: Tali Bogdanovsky Why don't we believe official inflation figures?

The Consumer Price Index was flat in January, but many people feel that prices are rising steeply. "Globes" examines the discrepancy.

Labor market  credit: Shutterstock Job vacancies on the rise

A sharp increase in the number of job vacancies between December and January represents a change in the trend since the outbreak of war.

New cars at Haifa Port  credit: Shutterstock EV travel tax seen yielding NIS 1.5b in first year

The tax is due to be imposed from 2026, to compensate for loss of revenue from taxation of fuel. 11.4% of state revenues derive from vehicle taxation.

Inflation credit: Tali Bogdansky Israel's annual inflation rate falls to 2.6%

The Consumer Price Index was unchanged in January, but the latest index of home prices shows a rise.

Teva's R&D labs in Netanya  credit: Teva PR Teva enlarges workforce for first time since 2016

The Israeli pharmaceutical company had 36,472 employees at the end of 2023, up 3.8% from 2022, as it returned to growth.

Budgets Commissioner Yoav Gardos  credit: Oded Karny Treasury's optimism leaves NIS 74b revenue hole

The Finance Ministry Budgets Division is blaming the war for the revenue shortfall, when its assumptions were unrealistic in the first place.

Accountant General Yali Rothenberg credit: Rafi Kotz "Moody's didn't give enough weight to Israel's economic resilience"

Accountant General Yali Rothenberg takes issue with Moody's credit rating cut, which did not take into account Israel's strong economic data, as the scale of the war is being reduced.

The shekel illustration: Gil Gibli Shekel weakens moderately after Moody's downgrade

Analysts point out that the downgrade of Israel's sovereign rating on Friday was widely anticipated and was already priced in by the market.

Yarom Ariav  credit: Sasson Tiram "Moody's doubts ability to get economy back on track"

Former Ministry of Finance director general Yarom Ariav talks to "Globes" about what the politicians need to put right.

Amir Yaron  credit:  Alex Kolomoisky, Yedioth Aharonoth BoI chief: Gov't must deal with issues Moody's raises

Governor of the Bank of Israel Amir Yaron says action must be taken to restore confidence in Israel's economy, but adds that it is capable of recovering rapidly after the war.

Minister of Finance Bezalel Smotrich credit: Noam Moskovich Knesset Spokesperson Smotrich: Moody's downgrade political

Reacting to the cut in Israel's rating from A1 to A2, Minister of Finance Bezalel Smotrich said the agency's announcement contained no serious economic arguments.

Moody's  credit: Shutterstock/Daniel J. Macy After Moody's downgrade, calls for revised budget

Analysts say the surprise was not the downgrade but the negative outlook. Israel Business Forum: It's not too late for the government  to change budget priorities.

Moody's, Benjamin Netanyahu, Bezalel Smotrich, credit: Shutter stock, Government Spokesperson, Tali Bogdanovsky Moody's cuts Israel's credit rating for first time ever

In a major blow to Israel's economy, the international ratings agency has also lowered Israel's outlook to negative, after a review for downgrade initiated after the start of the war.

Bank of Israel credit: Shutterstock Israel's foreign exchange reserves keep rising

Israel’s foreign exchange reserves at the end of January 2024 stood at $206.125 billion, up $1.442 billion from their level at the end of December 2023, the Bank of Israel reports.

Minister of Finance Bezalel Smotrich credit: Noam Moskovich Knesset Spokesperson Israel's fiscal deficit continues widening

Israel's fiscal deficit widened to 4.8% of GDP at the end of January 2024, the Ministry of Finance Accountant General has reported, up 0.6% from 4.2% at the end of December 2023.

State revenues credit: Tali Bogdanovsky Public set to pay for NIS 33b state revenue shortfall

"Globes" lists a range of higher taxes and utility hikes being introduced by the government to collect more money from the public.

Benjamin Netanyahu and Bezalel Smotrich credit: Haim Zach GPO "2024 budget raises fear of years of stagnation"

The government is running away from the hard decisions that must be made now to avoid worse pain in the future, says Prof. Udi Nisan.

Average wage in Israel credit: Shutterstock Rita Kapitulski Average wage in Israel hits new record

The average monthly wage in Israel in November 2023, the Central Bureau of Statistics reports, rose 9.5% compared with November 2022.

Solar panels EIB to invest €250m in Israeli green projects via Leumi

Bank Leumi has set a strategy on climate change and the environment which aims to provide green credit worth NIS 35 billion by 2030.

Bank of Israel Governor Amir Yaron credit: Eyal Izhar, Tali Bogdansky Bank of Israel warns households on debt

"Taking additional credit during this period may increase the vulnerability of households," the Bank of Israel Financial Stability report cautions.

Minister of Finance Bezalel Smotrich  credit: Noam Moskowitz, Knesset Press Office Smotrich holds up revised 2024 budget

Finance Ministry sources say the delay is because Minister of Finance Bezalel Smotrich seeks to make coalition party allocations a fixed part of the budget.

S&P Global credit: Shutterstock Valeriy Eydlin S&P's Israel rating depends on military and fiscal factors - report

Reuters reports S&P director of EMEA Sovereign & Public Finance Ratings Maxim Rybnikov as putting the chance of a rating downgrade for Israel at "at least a one-in-three" in the next one to two years.

Chemi Katz and Ohad Greenshpan Photo: Efrat Saar Namogoo fires half of employees in transition to AI

The Israeli company plans to develop advanced AI technology than can assess the intentions of Internet users on shopping websites.

Tech jobs credit: Shutterstock Tech salaries in Israel rose in 2023

Despite the war, political rift and high interest rates, Ethosia recruitment agency found salaries rose in 2023. But the experts are still concerned.

Ghost jobs illustration: Tali Bogdanovsky Ghost job ads broadcast business as usual in Israeli tech

There is a growing feeling that tech companies are advertising fake jobs to give investors the impression that the company is growing.

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