MAGAZINE ABOUT LIFE IN ISRAEL

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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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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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