MAGAZINE ABOUT LIFE IN ISRAEL

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Economy - page 17

Snapshots of the Shekel-family

in Economy & Innovation

Yes, the Currency Department published their annual report for 2015, but this is not what caught our attention – it is the little side notes that make money matters interesting, for some even sexy. Fact is that the overall amount of currency increased to NIS 73 billion from NIS 63 billion (2014-2015). Lower interest rates…

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Israel already won the 2016 Olympics

in Life, Culture & Sports

While the opening days of the Olympic Games were disappointing for the Israeli team, the country can be excited about its Olympics success nevertheless: an economic success that is. One of the most important apps for the games is Israel’s Moovit, which is responsible for navigation and transportation between the different sport arenas in Brazil.…

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First trust fund for every child

in Economy & Innovation

The National Insurance Institute’s Administration is going to introduce a plan called ‘Savings for every child’ on January 1 2017. The plan will enable everyone reaching age 18 to begin their adult life with NIS 20,000 in the bank. “The new trust fund for every child will go a long way to narrow the social…

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#1: Silicon Valley #2 Israel

in Economy & Innovation

Alphabet’s Eric Schmidt considers Israel No 2 worldwide when it comes to initiating start-ups. The former Google chief and now executive chairman of Google’s parent company sees the local start-up scene pretty much unparalleled apart from the established US technology hub. “For a relatively small country, Israel has a super role in technological innovation,” he…

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Volkswagen invests $300m in Gett

in Economy & Innovation

Israeli much-praised startup company Gett (previously Get Taxi) raised $300 million from Europe’s largest carmaker Volkswagen. Volkswagen chairman Matthias Muller said, “Alongside our pioneering role in the automotive business, we aim to become one of the world’s leading mobility providers by 2025. Within the framework of our future Strategy 2025, the partnership with Gett marks…

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