MAGAZINE ABOUT LIFE IN ISRAEL

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Finance

Yellow Vest Protests in Israel Demand Economic Justice

in Economy & Innovation

Cost of living in Israel is reaching a point of no return. Prices are rising across the board, including by about 4.5% for water bills, 6% for electricity, plus fuel, phone bills, food, and more. Even the Bank of Israel has increased their interest rate from 0.1% to 0.25%, the first rate increase since 2011…

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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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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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How Banks and Bitcoin Get Along

in Economy & Innovation

Not surprisingly, banks and Bitcoin aren’t getting along. In the most recent flurry of financial mayhem, droves of peoples are buying Bitcoin, and the banks around the world are not on board. The Bank of Israel stated that they will not recognize cryptocurrencies as legitimate currency, and it is currently considered a digital asset. While…

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The SocialTech Revolution is Here

in Economy & Innovation/Monthly Report

Imagine being able to save six billion male baby chicks from dying every year? Because they don’t lay eggs and cannot be used for poultry, billions of baby chicks are murdered and discarded annually. An Israeli startup, eggXYt, aims o save the chicks and found a solution which saves money and lives, decreases waste, and creates exponential…

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