MAGAZINE ABOUT LIFE IN ISRAEL

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Israel Is One of the Strongest Countries Economically

in Economy & Innovation

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…

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The Financial Crisis Reaches Israel’s Hi-tech Scene

in Economy & Innovation

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…

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“Switzerland Has Known About Money for 200 Years”

in Economy & Innovation/Monthly Report/Uncategorized

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…

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Israeli Unicorns Doubled in 2021

in Economy & Innovation

Israeli technologies are flying up, with 33 new Unicorns “born” this year alone, which means startups that are valued at over $1 billion. In 2020, there were only 20 Israeli unicorns. The three dominating sectors are fintech, cybertech, and tech infrastructure, which have led the way bringing in a total of $24.5 billion in the…

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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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