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%...
The Central Bureau of Statistics announced that prices rose by 0.4% in October vs. September. In addition, they reported that the price of apartments went up 0.2%. The price increase was expected. Over the last year, the cumulative price increase came to...
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...
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 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 third quarter of 2019 was another excellent quarter for Israeli start ups looking to raise money. A total of $2.24 billion was raised, making Q3 2019 the best quarter since 2013. The $2.24 billion was raised in a total of 142...
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...
The Israeli government sold 50 year bonds denominated in Euros, carrying an interest rate of 2%. € 500 million were sold. This is the lengthiest bond term ever issued by the Israeli government, to date. Up until now, the longest term bond...
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...
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...