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The Consumer Price Index (CPI) for June 2023 remained unchanged, according to the latest announcement by the Central Bureau of Statistics, bringing year over year inflation down to 4.2% from 4.6% a month earlier. Due to initial forecasts predicting an increase of...
Electreon, an Israeli company that specialises in wireless charging technology for electric vehicles (EV), has won the French Prime Minister's Office's tender for the Charge As You Drive project. The firm has been given NIS 14 million to carry out the work. Although...
The Bank of Israel has decided to pause its interest rate hikes, keeping short-term borrowing rates unchanged for the first time since April 2022. Governor Amir Yaron indicated that rates would remain high for some time, but further increases would depend on...
The Accountant General's Division of the Ministry of Finance has revealed that Israel's deficit in June 2023 has experienced a significant increase, reaching 0.9% of the country's GDP. This equates to a cumulative deficit of approximately NIS 15.4 billion over the...