MAGAZINE ABOUT LIFE IN ISRAEL

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Oil Company Fined NIS 100 Million

in Economy & Innovation/Tourism & Nature

Just about five years ago on December 3, 2014, a pipeline burst leaking five million liters of oil along the border of Eilat and Jordan. The Eilat-Ashkelon Pipeline Company was doing routine work, and the result of the burst pipe is considered the worst ecological disaster in Israel and the largest oil spill to date.…

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Israeli Healthcare Spend is in the Lowest

in Health & Science

A recent OECD health report shows that Israel invests less in healthcare than most countries. The United States lands in the number one spot, spending an average of $10,000 annually on resident healthcare. Israel falls in the bottom fifteen, only spending $2,780 on their individual citizens. According to the Health at a Glance report, the…

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Israel’s Inevitable Budget Issues

in Economy & Innovation

The Israeli economy is growing, and its deficit is too. With rising expenses on a second election, tax increases, socioeconomic handouts, and increasing municipal salaries, Israel’s GDP has increased to 4%, despite an expected increase of only 2.9%. With the unknown future of the prime minister and its splay of governmental parties in stalemate, Israel’s…

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The Startup Nation has a Salary Problem

in Economy & Innovation

About 21% percent of Israeli residents live below the poverty line, according to an OECD 2016 report, making Israel amidst the highest poverty rates of developed countries worldwide. Of this percentage, over 30% are children. One cause for the massive societal issue is the ever-growing income inequality, not only between genders but between races. A…

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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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