MAGAZINE ABOUT LIFE IN ISRAEL

Tag archive

Finance

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…

Keep Reading

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…

Keep Reading

Diamonds are Going Digital

in Economy & Innovation

A new digital currency is hitting the market, and its being backed by the Israel Diamond Exchange, or IDE, located in Ramat Gan, Israel. The Diamond Exchange is collaborating with a new digital currency startup, Carats.IO, which has created an updated framework for trading digital coins, backed by diamonds and based on Diamond Exchange data.…

Keep Reading

Israeli Economy is Doing Good

in Economy & Innovation

Dr. Karnit Flug, Governor of the Central Bank of Israel, recently presented a 2016 report, and based on the numbers, the economy is doing quite alright. She mentions that Israel’s GDP grew 4% over the last year, full employment has been maintained, and there has been an increase in salary. The steady drive of the…

Keep Reading

“The social protests were a wake-up call for the government“

in Economy & Innovation

Yael Mevorach is an expert for macro-economics and deputy director of the influential budget department in the Israeli Ministry of Finance. We met her to discuss Israeli economy and the high costs of living… Interview by Katharina Hoeftmann BTL: You have been working in the Israeli Ministry of Finance for more than ten years. Which…

Keep Reading

Go to Top