Economy | Israel - Between The Lines - Part 7

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Economy - page 7

Israel First Country to Ban Fur; Loopholes Remain

in Health & Science

New legislation was signed into law by Gila Gamliel, the former Environmental Protection minister, making Israel the first country to ban the sale of fur. Tweeting with pride, Gamliel said, “Now the whole world knows we made history today, fur is no longer in fashion.”  Animal rights organization PETA also supported the major move, stating that…

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Israel’s Economy Recovering Post-COVID

in Economy & Innovation

Israel has dropped mostly all of the prior COVID-19 restrictions as of June 1, which have been set in place since March 2020. People no longer need to wear masks outdoors and international travel restrictions have been lifted for outgoing travelers. Foreign travel has opened for groups and citizens’ family members. Gatherings have no limits,…

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Israeli Healthtech Sector is Thriving 

in Health & Science

Despite the turbulent moments of 2020, Israel healthtech is back on the investment map in a strong way. A sum of about $700 million dollars was invested in healthtech in the first quarter of 2021, which is already more than the $813 million made during the entire year of 2020. With the spotlight on healthcare,…

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Jerusalem Seeks More Business

in Economy & Innovation

Jerusalem Mayor, Moshe Lion, has a mission to make Jerusalem a hi-tech center of Israel. He’s backing it up with 1.1 million square meters of office space, approved for development in dedicated areas throughout the ancient city. Yet the reality is, that only 7% of employment in Israel takes hold in Jerusalem, and many startups…

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Israel Ranks in Top 20 Economies for GDP 

in Economy & Innovation

Israel has never been in the top 20 economies for GDP per capita; however, the past year has made the strength of the Israeli economy notable despite its subsequent shutdowns during the coronavirus crisis. In the latest Forbes Israel report based on International Monetary Fund data, Israel is 19th on the global list.  GDP per…

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