MAGAZINE ABOUT LIFE IN ISRAEL

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Economy & Innovation - page 2

How Mega Mergers Affected the Tel Aviv Stock Exchange

in Economy & Innovation

PepsiCo digested the Israeli powerhouse company of Soda Stream days ago for a whopping $3.2 billion dollars. This means that the company which once helped boost the Tel Aviv Stock Exchange (TASE) will leave the dual market and be placed with PepsiCo at the New York Stock Exchange. A recent announcement from CEO Itai Ben…

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More Startups in Israel are Shutting Down

in Economy & Innovation

Since 2011, over 4,000 startups were founded in Israel. About 37% of those startups have closed operations today. Seen in a Start Up Central report, the numbers trending since 2014 are increasing for closing startups, and decreasing for founding startups. In 2014, only 221 startups shut down and in 2017, the number was 408. In…

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Israeli Banks Meet American Law

in Economy & Innovation

Foreigners in Israel are finding banking more troublesome than usual, and it’s not because of the language barrier, careless service or impatient customers. While banking in Israel has had fairly lax standards in regard to where foreign finances have come from, the American banking system, accompanied by the Department of Justice, is now stepping in…

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Plastic Usage in Israel is Rising

in Economy & Innovation

In just four years, Israel’s plastic tableware consumption has grown by 51%. In 2014, sales were estimated at $124 million and in 2018, sales rose to $187 million. Despite the many environmental concerns and green initiatives from both governmental and private organizations, the growing statistic and reality is scary, and it’s not slowing down. Companies…

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Teenage Girls Advance in Tech Industry

in Economy & Innovation

The next generation of entrepreneurial women is in rapid development thanks to female entrepreneurs creating opportunities which didn’t exist when they were young girls. For the many women working and leading their own way in technology, a number of projects have risen to support the intellectual and emotional development lacking in most standard female education…

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