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Finance

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.…

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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…

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“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…

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