DLD Tel Aviv 2019 DriveNets announced today that it plans to open a R&D center in Romania. The Raanana-based networking company entered into this endeavor together with Tellence. DriveNets recently closed a $117 million Series-A round of financing. In making the announcement, Ido...
Mega Tel Aviv Last month, I did a price comparison between McDonald's in the United States and McDonald here in Israel. As we saw, Israeli prices are often twice, or more, than comparable items in the US McDonald’s.  This month,...
Israel’s Consumer Price Index rose 0.2% in August, after continually decreasing in the previous months. Since the beginning of the year, the Consumer Price Index has risen a total of 0.8%, thereby, nearing the minimum inflation rate of 1% projected by the...
The Bank of Israel has released a significant report on the state of the Israeli workforce. In its report, Bank of Israel states that the productivity of the average Israeli worker is 24% below the average OECD country, and that number has remained...
The Central Bureau of Statistics (CBS) released initial figures for economic growth during the second quarter of 2019. CBS showed a growth rate of only 1% during Q2, a marked decrease from 4.7% rise seen in Q1. The number is a little misleading. Economic growth reported...
During the second quarter of 2019, the Shekel appreciated against the Dollar by 1.8%. The strengthening of the Shekel, which has extended to the Euro, is harming Israel’s exporters whose prices are all set in Dollars and whose costs are all in...
Mortgages totaling NIS 20 billion were issued to Israelis during June of 2019. This represents a 3% increase from May and 22% more than June of 2017. Since the beginning of 2019, there has been a steady increase in the number of...
Icholov Hospital in Tel Aviv Nurses went out on a nationwide strike in Israel this morning. They are not asking for higher wages. Rather, they are asking that more nurses be hired. Israel has one of the lowest nurse-to-population ratios, and as a...
New cars photo by kaysgeog A total of 158,000 cars were imported into Israel during the first half of 2019. This represents a drop of 3% from the first six months of 2019.  This decline continues a slow drop in the sale of...
According to IVC Research Center, during the second quarter of 2019, 125 Israeli firms raised capital totalling $2.32 billion. This sum is down from the 253 deals, totaling $3.87 billion raised during the first quarter of 2019. Ten very...