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...
The Bank of Israel finds itself facing a delicate dilemma as it weighs the decision to raise interest rates in the coming week. Several crucial factors have surfaced in the financial landscape, with the primary concern centering on the strengthening US dollar against...
The Israeli high-tech funding landscape has experienced a noticeable decline in the first half of 2023 when compared to previous years. Start-ups in Israel managed to raise a total of $3.7 billion during this period, marking the lowest amount since 2018 and...
The shekel has resumed its downward trajectory against both the dollar and the euro, indicating a continuation of its weakening trend. During the first half of the day, it experienced a 0.6% decline against the greenback, trading at approximately NIS 3.72. Similarly,...
The Israeli high-tech industry is dealing with a decline in key metrics and a downturn in start-up fundraising at a difficult and uncertain time. The Innovation Authority's annual report, published amidst these challenging circumstances, raises concerns about the...
The European Investment Bank (EIB) has solidified its commitment to investing in sustainable projects in Israel by announcing a series of significant investments totalling €900 million. These investments span various sectors, including the construction of a...
In light of renewed discussions on judicial reform, the shekel is once again experiencing a weakening trend, accompanied by fluctuations in Israeli shares. This follows Prime Minister Benjamin Netanyahu's declaration that his coalition government will proceed with its...
In a time when some companies are withdrawing from Israel, Intel (NASDAQ: INTC) has made a surprising decision to expand its operations in the country. The Ministry of Finance has revealed that an agreement has been reached with Intel to upgrade its chip factory...
According to the latest data released by the Central Bureau of Statistics, the Consumer Price Index (CPI) in Israel rose by only 0.2% in May, which was less than the increase the markets had been expecting. This progress is reflected in a decline in the annual rate,...