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ECONOMY

NIS 200 bills credit: Tali Bogdanovsky Reduction in cash holdings after NIS 200 bill abolishment talk

Since September 2024 there has been a dramatic decline in the number of NIS 200 bills held by the public relative to the number of NIS 100 bills, according to Bank of Israel data.

Holon employment bureau credit: Eyal Izhar Unemployment in Israel fell in January

The unemployment rate in Israel fell to 2.6% in January 2025, after seasonal adjustment, from 2.7% in December 2024, the Central Bureau of Statistics reports.

Dizengoff Center credit: Guy Hamoy Israel's economy grew 1% in 2024, above expectations

This figure reflects negative GDP per capita growth of 0.3%, because of population growth last year, the Central Bureau of Statistics reports.

Israel Tax Authority Head Shay Aharonovich credit: Yossi Zamir Israel Tax Authority set to publish voluntary disclosure plan

The latest procedure, delayed for over a year, will not include an anonymous track but will have a fast track for unreported cryptocurrency assets.

Inflation credit: Tali Bogdanovsky January CPI reading lifts inflation, housing prices rise

In the twelve months to the end of January 2024, inflation has risen to 3.8%, the Central Bureau of Statistics reports.

Accountant General Yali Rothenberg credit: Cadya Levy Israel raises $5b international bond

Accountant General: This is an important public offering that indicates the financial stability of the State of Israel and the high confidence of global investors in the Israeli economy.

Avi Simhon, Bezalel Smotrich and Yogev Gradus credit: Yossi Cohen, Noam Moskovich/Knesset Spokesperson, Amit Shabi/Yediot Ahronot Israeli gov't mulls tax cuts as deficit narrows

National Economic Council chairman Prof. Avi Simhon: If we are convinced this is a continuing trend, the first tax I would reduce is cutting VAT back to 17%.

Mark Zuckerberg credit: Reuters Manuel Orbegozo Meta lays off 40 in Israel

Meta (Facebook) is simultaneously laying off 5% of its employees at all the company's centers worldwide including in Israel.

Finance Minister Bezalel Smotrich credit Danny Shem Tov, Knesset Spokesperson Israel's fiscal deficit narrows after record state revenues

The improvement in the fiscal deficit follows all-time record state revenues of NIS 63.1 billion in January, and a fall in government spending.

Leaving a job credit : Shutterstock Hundreds of tech layoffs in Israel over past week

Placement experts tell "Globes" that in contrast to last year's layoffs because of the war, the latest downsizing is by strong and profitable companies.

Oren Kaniel  / Photo: Eyal Izhar, Globes AppsFlyer lays off 7% with IPO on the horizon

Israeli adtech company AppsFlyer is laying off 100 employees, in a streamlining move in order to stay “flexible, innovative, and focused on long-term success."

Average wage in Israel credit: Shutterstock Rita Kapitulski Average monthly wage in Israel reaches record high

In December 2024, the average monthly wage in Israel was up 4.4% from December 2023, the Central Bureau of Statistics reports.

Tel Aviv seafront promenade Photo: Rudy Balasko Shutterstock Israel in last place in Nations Brand Index

The report observes that there is a de facto boycott of Israeli products and that Israeli exports are at high risk, with a significant aversion to products labeled “Made in Israel.”

Leo Leiderman  credit: Inbal Marmari Leo Leiderman: US tariffs will indirectly affect Israel

Bank Hapoalim's chief economic advisor tells "Globes" that inflation and interest rates in the US could rise, and there could be a slowdown in international trade and global activity.

Shekel credit: Shutterstock Vladirina 32 Analysts see pay rises pushing inflation higher

A very tight labor market is creating upward pressure on wages that could upset the Bank of Israel's inflation projections.

Coin Master credit: PR Israeli gaming co Moon Active laying off up to 100

The company, with about 2,500 employees worldwide, is one of Israel's most secretive and profitable companies.

School classroom  credit: Shutterstock Teachers on personal contracts program yields zero results

Despite an agreement with the Teachers Union, a huge shortage of maths and science teachers, and a flood of candidates, the Education Ministry has yet to hire a single teacher on a personal contract.

Bank Leumi EVP Eyal Ben-Haim credit: Shlomi Yosef Bank Leumi EVP: The north will rebound in 2025

Bank Leumi EVP and head of banking division Eyal Ben-Haim told the "Return to the North" conference today that the north will recover and return to prosperity.

Moody's offices in Vilnius  credit: Shutterstock/Andrius Zemaitis As market prices rating upgrade, Treasury mulls o'seas offering

Officials from the Accountant General's Office have held meetings with financial institutions in London.

Benjamin Netanyahu and Bezalel Smotrich credit: Ronen Zvulun Reuters S&P, Fitch cautious on ceasefire's impact on Israel rating

Like Moody's, both credit rating agencies say the agreement with Hamas could alleviate the negative outlook for Israel, but that considerable uncertainty remains.

Amir Yaron  credit: Eyal Izhar BoI governor Yaron sees interest rate falling in second half

Amir Yaron told CNBC that one or two interest rate cuts were feasible in the second half of 2025 "as inflation is supposed to go into the target."

Bank of Israel Governor Prof. Amir Yaron credit: Shutterstock Analysts project three scenarios for 2025, all positive

Recent macro data have led to a wider range of forecasts, with some seeing the Bank of Israel cutting its interest rate as early as April.

Tech juniors credit: Shutterstock Juniors struggling to find tech jobs in Israel

The average job search time for a junior with less than two years of experience has increased to 11 months, placement agency Ethosia reports.

IDF troops in Jabalia in the Gaza Strip  credit: IDF Spokesperson Moody's: Ceasefire could halt slide in Israel's rating

"If adhered to and further progress is made, the ceasefire agreement reduces a protracted conflict's near-term downside risks to Israel’s economy and public finances."

Released hostage Emily Damari at Sheba Hospital  credit: Maayan Toaf, Government Press Office Hostage release gives further boost to shekel

Market sources see continued progress on a ceasefire and hostage release deal with Hamas leading to a decline in Israel's risk premium.

Inflation  credit: Tali Bogdanovsky Unexpectedly low December CPI reading cuts 2024 inflation

Israel’s Consumer Price Index (CPI) fell 0.3% in December but housing price rises gained momentum.

Leviathan platform  credit: Albatross Sovereign wealth fund collection halved in 2024

Nearly NIS 1 billion was collected in 2024, compared with about NIS 2 billion in 2023, the Israel Tax Authority reports.

Herzliya credit: Shutterstock Herzliya top, Bat Yam bottom for quality of life

Herzliya has the best quality of life of Israel's 18 biggest cities, the Central Bureau of statistics reports, overhauling Kfar Saba, which was in top spot last year.

Finance Minister Bezalel Smotrich credit Danny Shem Tov, Knesset Spokesperson Israel's fiscal deficit falls below 7%

The deficit for the twelve months to the end of December 2024 was 6.9% of GDP or NIS 136.2 billion, the Ministry of Finance reports.

Israeli passport  credit: Shutterstock Israel rises in world passport strength rankings

Israel's passport has risen from 24th place in recent years following the Abraham Accords, and the US decision to allow Israel to join the visa waiver program, Henley and Partners reports.

Haredi men at IDF recruitment center  credit: IDF Spokesperson Haredi recruitment to IDF down 36% in a decade

According to the Israel Democracy Institute, the number of haredi yeshiva students rose 86% in the same period, while the number studying for a first degree doubled.

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