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...
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 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%...
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...
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...