Author: David Rutman

On July 27, the Israeli prime minister dismissed as “silly” a series of negative credit-rating agency reports. They criticized the amendment passed on July 24 that stops the Supreme Court from striking down unreasonable governmental decisions. This raises two serious questions for businesspeople: What is the name of the game? What is the endgame? Political […]

The threat of closure has long hung over Lev Smadar cinema in the capital’s German Colony neighborhood. In November 2016, the historic movie theater – constructed in 1928 – was saved as a result of the persistent struggle by residents and representatives on the city council. Under the leadership of then-deputy mayor Ofer Berkowitz (Hitorerut), […]

Dear PCK, Let me start by saying how proud both Imma and I are of your decision to leave home and move abroad for a year of national service. It’s certainly not easy to leave your friends and family and move to the US. It’s amazing that you want to work with kids in the […]

Hagai Philipson discusses personnel recruitment, the new collective agreement, technological innovations, and the Mekorot employees’ sense of mission.

Citi on Thursday trimmed its 2023 and 2024 growth estimates for Israel’s economy, citing lower investment stemming from the government’s planned judicial reform while saying GDP and credit ratings would also suffer in the medium term. Economist Michel Nies at the bank reduced his growth forecast this year to 3.1% from 3.3% and in 2024 […]

Netflix has introduced a new feature on their app called My Netflix, which is intended to help subscribers choose what they want to watch. As the streaming industry becomes increasingly more competitive, streaming services are having to find new ways to keep their subscribers engaged.  While Netflix is currently a juggernaut in the streaming industry, […]

Energy Minister Israel Katz called on the country to increase natural gas drilling in the Mediterranean Sea on Wednesday. Environmental experts, however, say that doing so is “out of sync” with global aims to reduce greenhouse gas emissions in the face of global boiling. Katz visited the Leviathan Gas Field for the first time since […]

On Wednesday the Bank of Israel issued its biannual financial stability report for the first half of 2023, covering a period marked by declining rates in both currency and commerce. The report underscores that the uncertainty surrounding the government’s legal reform legislation has increased the risk premium of the economy. This has been accompanied by […]

The residential housing construction market is facing a severe crisis, evidenced by a 43% decrease in building starts. Additionally, the number of unsold flats held by contractors has risen to over 57,000, equivalent to two years of sales. Furthermore, there has been a 46% decline in the volume of real estate transactions. This crisis has […]

Infuriated customers of Cellcom/Netvision who had been told by the Internet Service Provider (ISP) that their emails would be restored on Monday, four days after it crashed, were promised on Tuesday morning that all mail would arrive “within a few hours.” But for many customers, nothing happened.  Cellcom spokeswoman Danielle Gold Alon said before 1 […]