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...
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...
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...
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...
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...
The Central Bureau of Statistics announced there were 48,310 apartment construction starts in Israel during the last 12 months. This is compared to 49,330 construction starts over the course of the previous 12 months; a drop of 2.1%. During the last 12...
The consumer price index went up 0.7% in May. The main reason for the increase was a rise in the price of fresh fruits and vegetables, which went up 10.2%. Grapes were up 40% from last season in October, and Watermelon is...
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...
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...