The Economist magazine ranked Israel as the fourth best economy in 2022. “In the Middle East, Israel has prospered over the past year despite the political chaos,” writes the British weekly. The ranking of 34 OECD countries was compiled using five macroeconomic indicators: GDP growth, annual inflation, inflation breadth, stock prices and public debt. As…
The global financial crisis is now also reaching a place where many thought it would never, the Israeli hi-tech industry. Numerous companies have laid off a large part of their workforce, some even saying goodbye to up to 15 percent. In addition to layoffs in the Israeli branches of large international companies such as Intel…
By Katharina Hoeftmann Ciobotaru Another measure to lower the cost of living in Israel has been introduced. The government wants to now adopt European food safety standards and most Israeli guidelines are to be repealed. The changes affect, among other things, the production and import of canned vegetables, pasta, rice, sweets, spices, soup powder, condiments and…
In our new series “More Swissness in Israel” we write monthly about current topics that show the presence and activities of Switzerland in Israel in all of its diversity. A bit of Swiss attitude towards life in Israel. “Swiss banks in Israel?” Philippe Weil frowns and considers, “I can think of ten Swiss banks here…
The tourism industry as a whole was arguably the most affected by the closing of the borders and the limitations placed on tourists entering the country in the past two years since the onset of Corona. Lockdowns within the country made it that there was no additional stream to cover this difficult period. Thousands of…
