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…
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…
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…
After six years of work, the first practice run of the Red Line light rail was launched between Petah Tikva and Bat Yam, about a 24-kilometer stretch. The midnight run was operated by the Metropolitan Mass Transit System, or NTA, and covered by a large crew of police officers who ensured the public didn’t approach…
At least nine hospitals and other health organizations have been targeted by cybercriminals, the Ministry of Health recently announced. The attempted cyberattacks, also called ransomware attacks, aimed to halt the Israeli hospital systems, making it almost impossible for operations to continue and the medical staff to serve their patients. One hospital in particular, the Hillel…
