MAGAZINE ABOUT LIFE IN ISRAEL

Category archive

Economy & Innovation - page 2

Unemployment Rate in Israel Lowest Ever

in Economy & Innovation

Working steadily to push Israel’s unemployment rates below 4% is Moshe Kahlon, Finance Minister, who saw a drop from 4.3% to 4.1% just one month ago, from June to July. While around 20% of the population lives below the poverty line, the economy seems to be fulfilling what it can – creating more jobs to…

Keep Reading

Electricity Rates are Dropping 3%

in Economy & Innovation

Household electricity rates in Israel are high. After a recent push from the Public Utilities Authority, they are looking to create a change and solve some fundamental issues within the electricity sector. Though the new changes will only decrease the annual household spend by about NIS 120 per year, the move is the first step…

Keep Reading

Egged wins the Tel Aviv Red Line

in Economy & Innovation

With only three runners in the transit game, Egged took home the Red Line win when it becomes the first official operating line in the upcoming Tel Aviv Railway system. The massive public transport infrastructure is only one year into building, and daily efforts are steadily steaming forward to a timely start in 2021, reports…

Keep Reading

First Ultra-Orthodox VC Fund Opens

in Economy & Innovation

The Ultra-Orthodox community of Jews is expanding their own horizon and aiming to move away from focusing solely on the high holidays – by taking strides into high tech. 12angels is the first official investment fund for Israel’s Ultra-Orthodox, or Haredi, community. The fund aims to raise $5 million dollars and is dedicated to entering…

Keep Reading

Drones are the new delivery dream

in Economy & Innovation

The future has arrived, and it’s being delivered by a squad of drones, or an octocopter dubbed the “Mule.” Enter Flytrex, an Israeli company which provides tailored technology for individuals and businesses who want to offer quick deliveries at a lesser cost, and with the swipe of a smartphone. Founder and CEO, Yariv Bash, was…

Keep Reading

Go to Top