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… […]
Over seventy years after World War II ended, over a million victims of the Holocaust remain anonymous and unknown. In Hungary, where a bulk of the murders took place, only certain information was known, including train schedules, headcount, and which trains would be arriving in Auschwitz. However, the names of the people who stepped onto… […]
Two new Israeli bills are making their way into the money market as a part of Bank of Israelâs 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… […]
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… […]
A new stretch of highway near Herzliya, Israel is closed, not for construction, but for innovation. Five companies have taken over Road 531 to start testing their various self-driving car technologies. The 1.5-kilometer highway has three lanes in both directions and will be closed for two months while the companies are conducting trials. The Ministry… […]
The Israeli population is growing rapidly. In the past year, the Central Bureau of Statistics recorded a rise in population of 156,000 people. With a secure motherhood culture, perhaps parallel to the fact that Israel has the highest fertility rate according to the OECD, over 172,000 babies were born in the past year, and 43,000… […]
Real estate in Israel is a fierce market due to the highly limited space and increasingly high demand. The Central Bureau of Statistics has recently rolled out some surprising news â housing prices dropped by about 24% since the same time last year. According to the report, housing prices fell as much as 16% in… […]
A new digital currency is hitting the market, and its being backed by the Israel Diamond Exchange, or IDE, located in Ramat Gan, Israel. The Diamond Exchange is collaborating with a new digital currency startup, Carats.IO, which has created an updated framework for trading digital coins, backed by diamonds and based on Diamond Exchange data.… […]
Since 2013, thousands of innovators have gathered in Tel Aviv to connect, create and meet at the DLD Innovation Fair. On its fifth consecutive year, the event is set to welcome thousands of people, about 120 delegations from across the world, and hundreds of global startups. With dozens of events hitting Tel Aviv city, attendees… […]
Household electricity rates in Israel are high. After a recent push from the Public Utilities Authority, they are looking to create a change and solve some fundamental issues within the electricity sector. Though the new changes will only decrease the annual household spend by about NIS 120 per year, the move is the first step… […]
With only three runners in the transit game, Egged took home the Red Line win when it becomes the first official operating line in the upcoming Tel Aviv Railway system. The massive public transport infrastructure is only one year into building, and daily efforts are steadily steaming forward to a timely start in 2021, reports… […]
The Ultra-Orthodox community of Jews is expanding their own horizon and aiming to move away from focusing solely on the high holidays – by taking strides into high tech. 12angels is the first official investment fund for Israelâs Ultra-Orthodox, or Haredi, community. The fund aims to raise $5 million dollars and is dedicated to entering… […]
The future has arrived, and itâs being delivered by a squad of drones, or an octocopter dubbed the âMule.â Enter Flytrex, an Israeli company which provides tailored technology for individuals and businesses who want to offer quick deliveries at a lesser cost, and with the swipe of a smartphone. Founder and CEO, Yariv Bash, was… […]
Itâs no surprise. Software developers and the technological talent are in high demand in Israel, the Start-Up Nation â and all eyes on are on the techie newbies. The IDC Herziliya recently held a job fair for its students and graduates, and hosted over one hundred hi tech companies looking to fill jobs like software… […]
The most precious natural resource on the planet is water. Water provides energy, nourishment and life to humans, plants and animals. On the most basic level, humans need water to survive, and in this moment, over 1 billion people suffer from not having clean drinking water. For those of us with easy access to clean… […]
Imagine stopping by your local mall for a new pair of shoes, a dress, and a few heads of the freshest lettuce youâve ever tasted. Sprouting atop the parking garage in the most central and commercial shopping mall in Tel Aviv, sits exactly what you would least expect – Â a beautiful green garden, blooming with… […]
The Startup Nation has picked up millions in investments thanks to its dedication to advancing the medical field. In the constantly advancing industry of medical technology, Israel is becoming a leader in the digital health field. Over the past year alone, the sector grew in finances, involvement and innovation. Since 2015, investment in the digital health field… […]
A group of women have teamed up to challenge the wage gap in the Israeli high tech industry. The average woman in the United States gets paid 20% less than a man in the same position and with the same skill set. In the high tech industry and specifically in Israel, the difference in wage… […]
Thanks to epic efforts to increase travel and tourism to Israel, the newest direct flight from Hong Kong recently landed at Ben Gurion Airport on Saturday. Cathay Pacific, which has won the title of Worldâs Best Airline four times, is one of many new airlines who has created a direct flight option to the small… […]
Dr. Karnit Flug, Governor of the Central Bank of Israel, recently presented a 2016 report, and based on the numbers, the economy is doing quite alright. She mentions that Israel’s GDP grew 4% over the last year, full employment has been maintained, and there has been an increase in salary. The steady drive of the… […]
