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ECONOMY

Site of rocket hit in Israel  credit: Ilia Yefimovich, Reuters Economic damage from three days of fighting put at NIS 540m

The Manufacturers Association of Israel's estimate is based on work days lost. The actual final tally can be expected to be much higher.

Zion Square Photo: Shutterstock More jobs needed for Jerusalem

Mayor Moshe Lion sees the city becoming Israel's tech capital but even government ministries are staying away. New office developments might improve the situation.

Israel Katz / Photo: Emil Salman - Haaaretz Israel's fiscal deficit continues to decline

The cumulative deficit for the twelve months to the end of April was NIS 158.9 billion, or 11.2% of GDP.

Bank of Israel Photo: Shutterstock ASAP Creative Bank of Israel cuts government bond purchases

The cut comes against a background of rising inflation and expected higher growth this year.

Amir Yaron  / Photo: Rafi Kotz, Globes Bank of Israel bought $5.27b foreign currency in April

The Bank of Israel has already bought $19 billion in foreign currency in 2021 - nearly two thirds of the $30 billion it said it would buy in all of 2021.

Hyundai cars Photo: Reuters  Photo: Kim Hong-Ji Israel and Korea to sign free trade agreement next week

Foreign Minister Gabi Ashkenazi and Economy Minister Amir Peretz will fly out to Seoul on Sunday to sign the free trade agreement.

Adv. Christophe Bachelet Credit: DLA Piper Doing business with Morocco - the rules worth knowing

Normalization with Morocco has brought business opportunities for Israelis but few in Israel know how to get things done there. "Globes" talks to the experts.

Salary slip Average salary in Israel up 10.7% to NIS 12,146

The average monthly salary in high-tech has risen 12.6% to NIS 28,837, the Central Bureau of Statistics reports.

Yisrael Katz  Unemployment in Israel falls to 8%

Minister of Finance Israel Katz is forming a new plan as the unpaid leave payments are due to be cut next month.

Pat Gelsinger  credit: Reuters Intel head holds meeting with Netanyahu

Intel CEO Pat Gelsinger met Prime Minister Benjamin Netanyahu yesterday evening in the prime minister's bureau in Jerusalem.

"We want US companies much more involved in Israel"

US commercial attaché in Israel Robyn Kessler talks to "Globes" about the bilateral trade and investment relationship, ahead of the SelectUSA Summit.

Microchip  production  credit: Shutterstock Israel's chip industry needs you

Startups and international giants alike are competing for Israel's best talent in the semiconductor disciplines.

Traffic jam on Ayalon Highway in Tel Aviv  credit: Tamar Matsafi Israel's traffic jams are back, and worse than ever

Because of Covid-19, the public is forgoing public transport in favor of private cars. Infrastructure projects just can't catch up.

London  photo: Reuters How UK tax changes could affect Israelis

Israelis who invest in the UK should take note of the Chancellor of the Exchequer's recent budget.

Haifa  credit: PR Can anything stop Haifa's decline?

Home prices rose last year in all of Israel's 16 largest cities, except one.

Benjamin Netanyahu  / Photo: Shlomi Yosef Netanyahu is all give, but from where will he take?

The prime minister promises grants and tax cuts, but hasn't specified how they'll be paid for.

Gideon Sa'ar, Benjamin Netanyahu, Yair Lapid How the parties will tame the deficit

"Globes" asked the political parties seeking election to the Knesset to set out their economic platforms.

Shulamit Geri  credit:Eyal Izhar The woman to change the Bank of Israel

Newly installed CEO Shulamit Geri wants Israel's most conservative financial institution to become more like a private enterprise.

Queues outside supermarket  / Photo: Eyal Izhar, Globes Israeli economy's 2020 performance not what it seems

A decline of just 2.4% in GDP looks like success in dealing with the pandemic, but, as always, the devil is in the details.

Haredi bakery Photo: PR Do Israel's haredim really live off the state?

In an election period, attacking the haredi orthodox community yields political gains, but the figures show the attacks are off the mark.

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