MAGAZINE ABOUT LIFE IN ISRAEL

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Israel’s Borders Close Again

in Tourism & Nature

With less than 200 cases of new COVID variant Omicron worldwide, and a fourth case confirmed in Israel, the country has chosen to bar entry from tourists for at least the next two weeks despite just having reopened its borders.  An official statement released on Saturday says that vaccinated or recovered Israelis will be required…

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Israel and Jordan Sign Solar and Water Deal 

in Economy & Innovation

After recent meetings between Israeli and Jordanian Energy Ministers in the UAE, an agreement was made and signed to build a major solar power plant in Jordan, that will generate electricity for Israel, and a desalination plant in Israel that will supply water to Jordan.  The declaration of intent was signed by Israel on Monday,…

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GDP and Inflation Rates Grow in Israel 

in Economy & Innovation

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…

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Israel Budget Passes; First Time in 3 Years

in Economy & Innovation

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…

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Israel Housing Crisis Needs Immediate Cure

in Economy & Innovation

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…

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