Zum Thema: Economy

Journey Out of Jerusalem

You would think the capital city of Israel and the holiest city in the world would bring an influx of new residents every year – and it does. However, the population rate shows that more people are leaving Jerusalem than entering the city, and it’s been going on for a number of consecutive years. In… […]

Tel Aviv Transportation is Rolling with the Times

If there is one thing everyone in Israel can agree on, it is the disastrous parking situation in Tel Aviv. Residents can spend hours looking for parking spots, which increases frustration, air pollution, and traffic congestion in the city that never sleeps. The Tel Aviv municipality is finally making moves to create a long term… […]

Tel Aviv is a Cruel, Cruel Renter’s World

“The apartment comes with a cat. If you don’t take the cat, you don’t take the apartment.” This was one of the more tame demands made by a Tel Aviv landlord, where street cats apparently get higher priority than humans. Demands run from the completely absurd to the highly inappropriate. This one example is simple… […]

Visitors from China and India Boost Israel’s Tourism

Israeli tourism has experienced many losses in the past, and there is finally good news again. This past November, Israel saw an all-time high of 287,900 tourists, which is an increase of 38% since last November. Tourism Minister Yariv Levin mentions there were “intense marketing efforts directed especially at new countries like China and India,… […]

Northern Israel Ravaged By Flames

The northern part of Israel is urgently suffering due to many fires in the region since Tuesday. What may have started as a dry fire has now flipped into a state of emergency in Israel. Families have lost their homes and belongings, and over 60,000 people have been evacuated from Haifa, the well-known port city.… […]

Israeli Woman Sparks Entrepreneurship and Investment in Palestinian Youth

A powerhouse for the Palestinian community made her mark in the economy by helping the Palestinian high tech sector go from almost 0% to a 6% GDP. A leader amongst social investments to create positive social change, Zika Abzuk has implemented various efforts to infuse technology investment into the Palestinian sector, particularly in the youth… […]

Snapshots of the Shekel-family

Yes, the Currency Department published their annual report for 2015, but this is not what caught our attention – it is the little side notes that make money matters interesting, for some even sexy. Fact is that the overall amount of currency increased to NIS 73 billion from NIS 63 billion (2014-2015). Lower interest rates… […]

Israel already won the 2016 Olympics

While the opening days of the Olympic Games were disappointing for the Israeli team, the country can be excited about its Olympics success nevertheless: an economic success that is. One of the most important apps for the games is Israel’s Moovit, which is responsible for navigation and transportation between the different sport arenas in Brazil.… […]

Volkswagen invests $300m in Gett

Israeli much-praised startup company Gett (previously Get Taxi) raised $300 million from Europe’s largest carmaker Volkswagen. Volkswagen chairman Matthias Muller said, “Alongside our pioneering role in the automotive business, we aim to become one of the world’s leading mobility providers by 2025. Within the framework of our future Strategy 2025, the partnership with Gett marks… […]

A (clearer) picture of the nation

Last week’s data by the Central Bureau of Statistics is now complemented by an in-depth analysis titled ‘A picture of the nation’ by the Taub Center for Social Policy Studies, edited by Avi Weiss. The well-written report is not only looking behind the scenes of mere data but drawing conclusions and providing outlooks. The author… […]

Economic ties: ‘Made in Germany‘ in Israel

“In the beginning there was light,” says Doron Arazi with a wry grin. The historian researched the history of German products in Israel. And came across one of the earliest newspaper ads for the Munich-based lighting firm Osram – in the territory that then fell under the British Mandate for Palestine. German-Israeli relations have undergone… […]

The world’s most beautiful restaurant is in….Tel Aviv

Great news for art and culinary lovers travelling to Israel: according to the ‘International Space Design Award’, the most beautiful restaurant can be found in Tel Aviv. ‘Pastel’ won this year’s competition against more than 4,000 competitors from 35 countries. The interior of the restaurant was designed by the architects Alon Baranowitz and Irene Kronenberg,… […]

Israeli startup WIX buys in at 2015’s Superbowl

The Israeli startupWix is not only one of the most successful companies in the Holy Country but soon to be internationally renowned as well – Wix bought a 30-second slot at this year’s Superbowl for no less than 4.5 million US-Dollar. What will be shown on Feb 1 to millions of people remains a well-kept… […]

Jewish-American Student develops intelligent alarm clock

Zach Bamberger had an amazing idea during his internship in Netanya, Israel. He developed an alarm clock application that checks the roads, weather changes or traffic jams and calculates the wakeup call accordingly. “An intelligent alarm clock knows our routine, it knows the way to work, our regular appointments and calculates the time we have… […]