ECONOMY

Under current Ministry of Finance proposals, the tax will average NIS 3,000-4,000 annually.

The US venture capital firm, which has extensive Israeli investments, has told startups to increase revenue and profits at the expense of market expansion.

Revised Finance Ministry figures show a substantial decline in 2021 from the 2020 Covid-related peak.

The Bank of Israel Monetary Committee has decided on an interest rate rise of 0.4% - a more aggressive rise than it had previously indicated it would implement.

From populations missing out to low government investment, the Innovation Authority finds causes for concern about the economy's main engine.

The Israeli enterprise AI solutions startup is closing after advanced talks to sell the company to a tech giant broke down, CEO Roey Mechrez told "Globes."

The Israeli startup provides a business model, in which students only pay for courses, in monthly installments from their salary, if they are placed in a tech job.

They may seem crowded, but Tel Aviv and Jerusalem are actually far less densely populated than Athens, Paris, and Barcelona.

A decline in overseas demand and more selective investment could make the locomotive of the economy falter.

Prico CEO Yossi Fraiman: The expectation of higher rates is  strengthening the shekel, and will cool demand in the mortgage market.

The bill passed with the support of the Joint Arab List after opposition members said they would vote against all government legislation.

According to initial estimates, GDP fell by an annualized 1.6% in the first quarter of this year in comparison with the previous quarter.

Inflation for the twelve months to the end of April was 4%.

The total of new mortgages in April was 22% down on March, but still relatively high for the month of the Passover holiday.

Under the plan, fathers will receive at least two weeks paid leave and Transport Minister Merav Michaeli hopes to increase it to a month.

The deficit for the twelve months to the end of April was 0.6% of GDP, the Ministry of Finance Accountant General reported today.

Under-investment in Israel's infrastructure is costing us not just time and annoyance, but billions in lost GDP.

The Bank of Israel refrained from foreign currency purchases for the third consecutive month in April.

The unemployment rate in Israel fell to 2.9% in the first half of April, from 3.7% in the second half of March, the Central Bureau of Statistics reports.

Israel seems in no rush to take advantage of the opportunity created by Europe's efforts to wean itself off Russian gas, says gas market expert Gina Cohen.

The population has grown by 1.9% or 176,000 since last Independence Day, the Central Bureau of Statistics reports.

In the settlement of a class action, the Israel Tax Authority has admitted unlawfully taxing tax-exempt pension payments.

There's a fast entry track for foreign experts, but not having an Israeli ID card makes everyday transactions difficult, and after five years time's up.

The measures, promoted by Ayelet Shaked and Abir Kara, will not require legislation in the Knesset, where the government has lost its majority.

Israel is also negotiating free trade agreements with China and Vietnam.

The unemployment rate in Israel rose to 3.7% in the second half of March, from 3.2% in the first half of the month, the Central Bureau of Statistics reports.

As sporadic rocket fire continues, Israel has closed the border to workers from the Gaza Strip. The defense establishment believes Hamas will get the message.

In a recent survey, Bank Leumi projects a 9-13% rise this year, and says moderating demand will be slow to affect prices.

The new meters will enable private suppliers to compete in power distribution and offer variable tariffs.

On a visit to Israel, Morocco's Ministry of Industry, Trade and the Digital Economy head Abdel Wahid Rakal said that Moroccan software engineers could help solve Israel's shortage.

Inflation in Israel over the past 12 months remains at 3.5%, while housing prices have risen 15.2%.