MAGAZINE ABOUT LIFE IN ISRAEL

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Economy & Innovation - page 22

Israeli Shekel is second strongest currency

in Economy & Innovation

The New Israeli Shekel has come in second place as the world’s strongest currency, listed only after the Chinese Yen. According to Gautam Kalani, the foreign currency analyst from Deutsche Bank, the New Israeli Shekels appreciated in value about 6.1% in the past six months alone, and overall is valued about 10% over other global…

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Minimum wage rises in Israel

in Economy & Innovation

Beginning December 2017, minimum wage will be raised in Israel, from NIS 5,000 to NIS 5,300 per month. The NIS 300 increase was passed by the Knesset Labor and Welfare committee, and aims to reduce gaps in Israeli society. Approximately 700,000 employees will be directly impacted by the pay rise, the fourth increase in the…

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New Names Uncovered from World War II

in Economy & Innovation

Over seventy years after World War II ended, over a million victims of the Holocaust remain anonymous and unknown. In Hungary, where a bulk of the murders took place, only certain information was known, including train schedules, headcount, and which trains would be arriving in Auschwitz. However, the names of the people who stepped onto…

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Israeli poetess’ making money

in Economy & Innovation

Two new Israeli bills are making their way into the money market as a part of Bank of Israel’s poetry series. The bills, featuring Rachel Bluwstein and Lea Goldberg, will enter circulation in the upcoming weeks, and will be pictured on the 20 NIS bill and 100 NIS bills respectively. The two female poets will…

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Secret land sales for super cheap

in Economy & Innovation

A secret sale is underway as the Greek Orthodox Patriarchate of Jerusalem, Theophilos III, is in the midst of selling off assets in Israel for exorbitantly low prices. The company to which they sold wishes to remain anonymous, though many believe the church land is going to private developers. After the Israel Lands Authority, the…

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