Zum Thema: Economy

Israeli law revised to feed needy

With over two million Israelis living beneath the poverty line, and just about a third of the country’s food being thrown into the trash, there is one major issue blocking the creation of a sustainable solution – the legal system. For restaurants, event halls, hotels and other food institutions, who could potentially donate unused food… […]

Israeli Water Crisis Strikes Again

Pray for rain and ration your water. Take shorter showers and don’t water your gardens. Save the Kinneret! Most people with Israel in their periphery have heard these phrases, which had become a deeply ingrained belief in Israel’s relationship with water, or lack thereof. A decade ago, the Israeli government started an awareness campaign called… […]

How Banks and Bitcoin Get Along

Not surprisingly, banks and Bitcoin aren’t getting along. In the most recent flurry of financial mayhem, droves of peoples are buying Bitcoin, and the banks around the world are not on board. The Bank of Israel stated that they will not recognize cryptocurrencies as legitimate currency, and it is currently considered a digital asset. While… […]

Jerusalem to Tel Aviv Train is a Smooth Ride

The seven-billion-dollar project which has been in the works since 2001 is finally moving, and Israel Katz, the Minister of Transportation took the express train from Tel Aviv to Jerusalem for its first test drive on Tuesday. The train only drove a short ride before proving how much more quiet and comfortable an electric engine… […]

Will Supermarkets be forced to shut on Shabbat?

The Supermarkets Law is a new legislation presented by the Ultra-Orthodox Shas party in the Israeli government. The law is up for a vote, and if voted favorably, would allow the government to authorize that all supermarkets and convenience stories throughout Israel be closed on Shabbat, from Friday evening to Saturday evening, with the exception… […]

Israel Population Almost 9 Million

On the eve of 2018, the Central Bureau of Statistics published data announcing the state of Israel’s current population, which stands at 8,793,000. The population grew by 165,000 since 2016, due to 180,000 babies being born and 44,000 deaths. The Jewish population makes up about 75% of the total population, while about 21% of the… […]

Teva under fire for layoffs

Born in 1951, Teva Pharmaceuticals has since grown into a multinational pharmaceutical giant. Headquartered in Israel and with locations in Europe and North and South America, Teva is in a time of crisis. Since the death of Teva’s “father,” Eli Hurvitz, in 2011, the company has declined in many ways, and with new CEO Kare… […]

The SocialTech Revolution is Here

Imagine being able to save six billion male baby chicks from dying every year? Because they don’t lay eggs and cannot be used for poultry, billions of baby chicks are murdered and discarded annually. An Israeli startup, eggXYt, aims o save the chicks and found a solution which saves money and lives, decreases waste, and creates exponential… […]

People are tired of political corruption

  People are seemingly sick and tired of power driven greed and corruption running rampant through politicians’ veins, and 2017 has seen thousands of civilians protesting the streets of Israel, marching both for their rights and what is morally right. The latest protest was held last Saturday, December 9, where protesters gathered in Tel Aviv… […]

Solar Energy Can Benefit All

Three years ago, the Energy Ministry and Electric Authority of Israel set a goal to produce 10% of Israel’s power from alternative energy sources by 2020. Due to their own restrictive rules, however, only about 2% of Israel’s electricity is currently being produced by solar and wind sources. The institutions, in support of their prior… […]

Amazon Landing in Israel

Given the large and hopeful demands by Israeli consumers, Amazon is considering setting up a shipping center in Israel. The online retail giant has numerous teams on site, both Israeli and international, to scope the logistics of what this would mean. A real estate team is inquiring about possible warehouse locations, and a shipping center… […]

Mothers moving forward together

Working women across the world endure everlasting issues regarding wage gaps, unfair discrimination, and gender-biased judgement. In Israel, which has the highest percentage of working women in the world, women are also forced to field questions about their age, relationship status, and when they want children. These conversations aren’t had with a friend over coffee,… […]

Israeli Shekel is second strongest currency

The New Israeli Shekel has come in second place as the world’s strongest currency, listed only after the Chinese Yen. According to Gautam Kalani, the foreign currency analyst from Deutsche Bank, the New Israeli Shekels appreciated in value about 6.1% in the past six months alone, and overall is valued about 10% over other global… […]

How One Woman Changed a Village

When Neta Hanien was travelling around the world, she dreamed of one day owning a hostel along the shores of a beautiful beach. When her more rational mind stepped in and she returned to Israel, she went to law school and worked for 7 years in the Ministry of Justice. Amidst that time, she accompanied… […]

Minimum wage rises in Israel

Beginning December 2017, minimum wage will be raised in Israel, from NIS 5,000 to NIS 5,300 per month. The NIS 300 increase was passed by the Knesset Labor and Welfare committee, and aims to reduce gaps in Israeli society. Approximately 700,000 employees will be directly impacted by the pay rise, the fourth increase in the… […]

Conscious aging cooperative in Israel

Startups are taking all kinds of shape in the startup nation. Much like the co-working spaces which have sprung up across the world, a new conscious community cooperative is following suit in the form of an elderly co-living space in Israel. For a group of about thirty people between the ages of 50 – 75,… […]

Olim Month in Israel for celebrating internationals

The Tel Aviv municipality has decided to honor its Olim, the people who choose to move to Israel to live from around the world, and their endless contributions to Israeli society in a month-long celebration. From October 23 until November 29, there will be a series of events hosted by the Tel Aviv municipality to… […]

Israeli poetess’ making money

Two new Israeli bills are making their way into the money market as a part of Bank of Israel’s poetry series. The bills, featuring Rachel Bluwstein and Lea Goldberg, will enter circulation in the upcoming weeks, and will be pictured on the 20 NIS bill and 100 NIS bills respectively. The two female poets will… […]

Secret land sales for super cheap

A secret sale is underway as the Greek Orthodox Patriarchate of Jerusalem, Theophilos III, is in the midst of selling off assets in Israel for exorbitantly low prices. The company to which they sold wishes to remain anonymous, though many believe the church land is going to private developers. After the Israel Lands Authority, the… […]

Mini Ambulance Means Quicker Response Time

The world’s first mini medical ambulance is on the loose in Israel, and it can go places which are impossible for other safety vehicles to access. The United Hatzalah purchased four narrow, electric and fully equipped ‘mini-lances’ which can trek upstairs and through narrow alleys, sidewalks and streets. The innovative smart cars were purchased for… […]