Netanyahu and Gantz Photos: Shlomi Yosef and Tamar Matsafi Netanyahu or Gantz: Next gov't will raise taxes, whoever wins

The politicians all say that taxes will not be raised, but former senior Ministry of Finance officials tell "Globes" that VAT, income tax and corporate tax will all be hiked.

Yuval Cohen Fortissimo raising over $500m for 5th fund

The Israeli private equity fund specializes in investments in tech and industrial companies associated with Israel.

Growth Photo: Shutterstock Israel's economy grew at 3.6% in H1 2019

According to the Central Bureau of Statistics' second estimate, the economy grew by 3.6% on an annualized basis in the first half of 2019.

New homes in Rosh Ha'ayin Photo: Yossi Cohen CPI up 0.2% in August, home prices fell

Israel's Consumer Price Index rose 0.2% last month, with housing prices falling after months of rises.

Parcel sorting for online overseas purchases / Photo: Michal Raz Chaimovitz Treasury plans canceling VAT exemption on online imports

The cancellation of the exemption on imports up to $75 would ease the budget deficit and help retailers and shopping malls, but would hit consumers hard.

National Insurance Institute BoI warns on National Insurance Institute bankruptcy

The Bank of Israel says that if the government does not inject money before 2050, then old age allowances will have to be cut by 40%.

Haifa  / Photo: Shutterstock Haifa to restrict high-rise building to protect Carmel view

Mayor Einat Kalisch-Rotem has unveiled her vision of doubling the city's population without blighting the view from Mount Carmel.

High-tech Photo: Shutterstock Don't take Israel's tech success for granted

Israel is a tech power despite not because of the government. Poor planning could see Israel squander its advantage.

Startups Compostable packaging co TIPA raises $25m

TIPA CEO: We founded TIPA with the vision of offering sustainable packaging solutions that break down and return to nature.

Harel Locker Photo: Eyal Izhar IAI to pay state highest dividend in a decade

The Israel Aerospace Industries board has approved a dividend of NIS 140 million, following improved second quarter results.

Iris Beck-Codner Teva EVP Iris Beck-Codner steps down

Beck-Codner is one of the highest-ranking Israeli executives at Teva Pharmaceuticals.

Haifa Bay - fire at Shemen Industries Weitz Center to help Israeli industry make green profitable

The Ministry of Economy and Industry and the Ministry of Environmental Protection will budget NIS 51 million for a new center to improve use of resources in industry.

new immigrants Immigration to Israel up 21% in 2019

Immigration is rising and emigration is falling, the Central Bureau of Statistics reports.

Israeli embassy in Berlin Budget crisis shuts down Israeli diplomacy

The Ministry of Foreign Affairs accountant general has ordered a halt to all activity by Israel's overseas missions.

Bank Leumi Photo: Eyal Izhar Leumi expands early retirement plan

400 staff will leave by the end of 2019 and 800 by the end of 2020.

Tech transfer Tech transfer is about more than revenue

The commercialization companies of Israel's universities take the Central Bureau of Statistics to task for measuring their success in terms of money.

Israel Innovation Authority offices in BE ALL Givatayim Innovation Authority sort of moves to Jerusalem

Despite moving to Jerusalem, some of the Israel Innovation Authority's employees are working secretly in Givatayim, "Globes" has found.

Tree transplanting in Kikar Hamedina, Tel Aviv / Photo: Shai Tsabari Spare that tree, and spoil the plan

Israel's unclear rules on tree preservation create uncertainty for developers and homeowners.

Beyond Meat Veganism goes viral

Food journalist Ori Shavit says 35% of Israelis describe themselves as flexitarian and 5% are vegans, as consumers seeks healthier, more environmentally friendly food.

Lab Technician.  Photo: Reuters Israel falls into line on generic drug co tax breaks

The move will enhance Israel's attractiveness for investment by international pharmaceutical companies.

Jewish Agency Diaspora philanthropy isn't what it used to be

Less of the money donated by North American Jews is reaching Jewish causes let alone Israel. "Globes" examines the reasons.

Anthony De Lannoy "Never mind the deficit, watch the demographics"

IMF executive Anthony De Lannoy, in Israel for Cyber Week, sees the time coming when the rest of Israel's population will refuse to finance social benefits for non-working haredim.

Eran Yaacov / Photo: Jonathan Bloom , Globes Israeli pays tax on NIS 4.5m cash hidden at home

"Globes" tells about the voluntary disclosure procedure in which a man paid NIS 1.4 million cash to the Israel Tax Authority but then found the banks refusing to accept the rest.

Shekel  / Photo: Shutterstock Why the shekel is the world's strongest currency

Harel Finances VP Yair Mendelson explains why the shekel has gained so strongly against the dollar, while most major currencies have weakened against the US currency.

Workplace pressure Outlawing of workplace bullying is overdue

While legislation on non-sexual harassment at work has stalled in the Knesset, South Korea has set an example for Israel to follow.

No shade in Dizengoff square Planners to start putting Israel into the shade

Shady places are about as rare as parking places in Israel's cities, but municipalities are finally addressing the matter.

Reta Alemu Nega "Israel should do more business with Ethiopia"

Ethiopian Ambassador to Israel Reta Alemu Nega talks about his country's fast-growing economy, and Israel's advantages there.

Leonardo DiCaprio and Bar Refaeli / Photo: Lucy Nicholson, Reuters Bar Refaeli fighting to stay out of jail

The civil case against Refaeli will have a huge effect on any criminal proceedings - and goes to the heart of the modern meaning of family life.

Amir Yaron Photo: PR "The Bank of Israel's hands are tied"

The global environment makes the bank's aggressive interest rate forecast unlikely to materialize, say analysts.

Investments Photo: ASAP Creative Shutterstock Kosher investments on the rise

Kosher investment instruments issued by Israel's leading investment houses manage NIS 10 billion in assets.

High-tech Photo: Shutterstock Increasing high-tech work force harder than it sounds

9% of private sector employees in high tech produce 40% of Israel's exports but raising the proportion is not easy.

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