The average wage in Israel continued to rise, and stood at NIS11,004 in July, which represents an increase of 3.4% over the year before. While this is good news for the Israeli economy as a whole, most of the increase took place...
Apple Headquarters in Herzilia There are many reasons why Prime Minister Benjamin Netanyahu was re-elected, despite all of his legal troubles, and notwithstanding a formidable group of former generals running against him. However, the most significant reason why Netanyahu was re-elected for his...
On Sunday evening, Prime Minister Netanyahu made the final decision to close Sde Dov Airport. The decision to abolish the airfield, located inside Tel Aviv along the beach, was vehemently opposed by the people of Eilat, as well as, by the Tel...
Finance Ministry In June the governments budget deficits grew to NIS 21.9 billion. This compares with NIS 7.8 billion in June of 2018. The 12th-month deficit is now 3.9% of GNP getting close to what is considered a red line 4%. How has...
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...
Bank of Israel Bank of Israel’s Monetary Committee has decided to keep the prime interest rate at .25%.  Initially, the expectation was that the rate would be raised. However, the report that inflation in April was on 0.3%, i.e., lower than predicted, combined...
The Central Bureau of Statistics reported very mixed results in the housing sector. Builders sold 5,750 new dwellings during the first three months of 2019, which represents a decrease of 11.4% from the last three months of 2018. However, that same number...
Everyone talks about the enormous cost of just about everything in Tel Aviv (and in Israel, in general). So, as an experiment, I decided to compare prices in one very specific sector — i.e. American fast food. For many years, economists loved...
The consumer price index in Israel dropped by 0.6% in June. This drop was not expected and was caused by a decline of 11% in the price of fruits and vegetables and a reduction of 6.2% in the cost of clothing....
The country’s budget deficit for the last 12 months remains at 3.8% of the GNP, unchanged from the previous month above the 2.8% that government had targeted. For the first five months of 2019, the cumulative deficit has been NIS 15. 1...