After the economic decline in 2020, Israel’s Finance Ministry has revised their forecasted GDP growth rate from 5.5% to 7.1% for 2021. In 2022, the forecast remains at 4.7%. While the economy bounces back after coronavirus, the Ministry of Finance confirms that the decline of last year will be offset this year. They have found…
As the country comes down from a fourth coronavirus wave, Israeli officials plan to unleash the next vaccination campaign for 5 to 11 years olds. Parents will be expected to vaccinate their children, which has already seen major backlash and protests from those who are more cautious and less trusting of the institutions concerned. For…
For the first time in 3 years, Israel’s Parliament approved the 2021 budget, and within 24 hours, the 2022 budget was also approved. While the Knesset vote was close at 59-56, the approval confirms that there will not be early elections or another round of voting. Prime Minister Naftali Bennett, who led the process tweeted…
Thousands of global delegates are participating in the 26th annual climate summit in Glasgow, Scotland. Hosted by the United Nations, the Conference of Parties, or COP26, aims “to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change.” Given the state of the world, the high-stakes agenda is…
In a recent announcement, the government plans to build at least 280,000 new homes by 2025. This is in response to the dire housing crisis, unaffordable quality of life, and lack of acceptable living standards that the Israel real estate industry has been serving and struggling with over the last year. The planning and development…
