Economy

The Bank of Israel left interest rates unchanged, at 0.25% for the Prime Rate. In November, the Bank raised the rate from 0.1% and has left it unchanged since. The Bank also reduced the projected growth rate of the economy from 3.2%...

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...

November was another banner month for startups raising capital in Israel. A total of $840 million was raised last month. The following is a list of startups that raised money: AgriTask $8.5 million

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....

Zim reported the following financial and operating highlights for the Three Months Ended September 30, 2019: Total revenues were $842.0 million compared to $840.7 million in Q3 2018, a 0.2% increase;ZIM carried 725 thousand TEUs compared to 730 thousand...

The Ministry of Energy unveiled a new plan that would bring the percent of the energy produced in Israel by alternative means to between 25-30% by 2030. The current plan calls for the country to reach 17% by 2030. According to Energy...

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...

Bank Leumi CEO Rakefet Russak-Aminoach has announced she will step down from her position, after having served seven years in the post. Russak-Aminoach’s decision follows a recent statements by the CEOs of both Israel Discount Bank and Bank Hapoalim that they too...

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...

Unemployment for those 15 and older dropped from 3.8% in the month of April to 3.6% in the month of May. For those aged 25-64, unemployment fell to 3.2%. This constitutes the lowest unemployment rate in the last forty years. These numbers...