The atrocious October 7 Hamas attack and war have resulted in significant challenges to the Israeli economy. The monthly “burn rate” on ammunition, fuel, spare parts, and other direct war expenses is estimated to exceed two billion dollars. Added to that is the value of repairing the property damage to communities along the Gaza and […]
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As a large number of reserve soldiers are leaving Gaza and returning to their workplaces, many still have a long way to go because they were wounded and need rehabilitation. According to the Defense Ministry’s rehabilitation division, from October 7 until now, a total of 5,513 wounded soldiers have been treated – averaging 60 new […]
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Israeli investors are not excited about Moody’s credit rating downgrade of Israel, and the Israeli stock market responded on Sunday morning with relatively moderate declines, with a decrease of around 0.4% in the TA-35 index and around 0.5% in the TA-125 index. Local players in the financial sector expect the stock market to continue to […]
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The Israeli biotech company Pluri has developed a transformative cell-based coffee that can be grown without causing environmental harm. The coffee is produced using Pluri’s 3D cell expansion technology as part of its “PluriAgtech” business vertical that the company says aims to create more eco-friendly alternatives to traditional farming methods. If the coffee makes it […]
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State Comptroller Netanyahu Engelman declared today that the highly anticipated report addressing the cost of living in Israel has been finalized and is set to be disclosed before the upcoming holiday season. The extensive five-chapter report delves into various facets of the cost of living, encompassing topics such as price monitoring in the food sector, […]
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As the global economic landscape faced headwinds in 2023, Israeli businesses navigated through a challenging year marked by a slowdown in the tech sector, political unrest, and an unexpected war with Hamas. In light of the country’s current hurdles, Eran Mordechai, CEO of Danal Human Resources at Danel Group, shared his insights on the trajectory […]
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