MAGAZINE ABOUT LIFE IN ISRAEL

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Israel Tightens Regulations Amidst Global Pandemic

in Economy & Innovation

With the worldwide coronavirus pandemic, Israel’s early strict measures are being tightened even further. Since Saturday evening, various degrees of announcements have been made in order to curb the spread of the contagious virus. Currently, the confirmed coronavirus cases in Israel have jumped to 529, with over 200 confirmed cases in the last 24 hours.…

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Products in Israel Cost 28% More than Global Average

in Economy & Innovation

According to the Central Bureau of Statistics, inflation in 2019 has only increased by 0.6%, which falls extraordinarily below expectations, which were predicted to increase between 1-3%.  In fact, for the past six years, Israel has not met its expected inflation rates, frustrating banks, economists, and creating a data-driven mess for the Israeli economy. With…

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Oil Company Fined NIS 100 Million

in Economy & Innovation/Tourism & Nature

Just about five years ago on December 3, 2014, a pipeline burst leaking five million liters of oil along the border of Eilat and Jordan. The Eilat-Ashkelon Pipeline Company was doing routine work, and the result of the burst pipe is considered the worst ecological disaster in Israel and the largest oil spill to date.…

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Israeli Healthcare Spend is in the Lowest

in Health & Science

A recent OECD health report shows that Israel invests less in healthcare than most countries. The United States lands in the number one spot, spending an average of $10,000 annually on resident healthcare. Israel falls in the bottom fifteen, only spending $2,780 on their individual citizens. According to the Health at a Glance report, the…

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Israel’s Inevitable Budget Issues

in Economy & Innovation

The Israeli economy is growing, and its deficit is too. With rising expenses on a second election, tax increases, socioeconomic handouts, and increasing municipal salaries, Israel’s GDP has increased to 4%, despite an expected increase of only 2.9%. With the unknown future of the prime minister and its splay of governmental parties in stalemate, Israel’s…

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