Capital Market

The volume of trade between Israel and India, including diamond exports, totaled about $ 3.8 billion in 2017, a decrease of about 9% compared to 2016, when trade amounted to $ 4.2 billion. Exports of goods to India, including diamonds, declined by 20 percent to $ 1.9 billion in 2017, while imports of diamonds, including diamonds, rose by 6 percent to a similar volume

The S&P credit rating company announced that it has upgraded Israel's credit rating from A + to AA -, the highest rating Israel has ever won. Raising the rating is a very significant achievement for the Israeli economy and expresses confidence in the ability of the economy to grow and the government's ability to maintain a responsible fiscal policy. On the practical level, it will allow the government to raise funds under better conditions

The economic and bureaucratic situation of the State of Israel is not encouraging: The 2018 World Economic Forum's (WEF) 2018 International Competitiveness Index reveals that Israel has fallen to 20th place in the International Competition Index from 16th place in the past year. This is a new competitive index - GCI 4.0, which includes weights and other parameters that were not taken into account in past indices. The top five places in the new competitiveness index were the United States, Singapore, Germany, Switzerland and Japan respectively, while the last and least respected (140) in the...

The Bank of Israel announced the cessation of the foreign currency purchases program aimed at offsetting the effect of gas production on the exchange rate, which began at the end of the tenure of former Governor Stanley Fischer, coinciding with the end of the term of the Governor, Karnit Flug. The dollar posted a sharp drop, moving from a 0.2% rise to a drop of 0.36% and is now trading around NIS 3.6767

Bezeq published its fifth report on the state of the Internet in Israel to summarize the year 2018. The report reviews the habits and behavior of Israelis in the digital era and is based on extensive research conducted by the company on the Internet in Israel, the trends that govern it and its various uses, as well as data from the company's operations and systems. The report shows that at the end of 2018 the number of Internet users in Israel stands at approximately 6.6 million. The average surfer now downloads 8GB of files per day, up 30% in just one year. 36% of the youth pay for music....

The Companies Survey for the first quarter of 2019 reflects a moderation in the rate of expansion of business sector activity. The net balance of the business sector declined in the first quarter of 2019 to close to zero. In the services, trade and industry sectors, the Bank of Israel expects expansion in the next quarter. In the last quarter the rise in the net balance of output in the manufacturing industry was halted in the previous two quarters. The net balance of output in the last quarter was negligible but insignificant, especially among companies whose level of innovation is mixed,...

In 2018 there was a further decline in the number of decisions dismissing the bankrupt from their debts. In this year, 7,325 orders were issued by the courts exempting ordinary debtors from their debts, a decrease of 4% compared to 2017. In 2016, 6,587 such orders were issued. However, no similar "line" of declines was recorded in the companies' arena. During the year 2018, 1,207 dissolution requests were filed - a 2.3% increase in the number of liquidation requests compared to 2017. Among the companies that collapsed last year were Honigman, one of Israel's largest and most famous fashion...

Frutarom, which was acquired by the US IFF last year at a huge exit, made unapproved payments" as part of its operations in Russia and Ukraine, IFF noted with the release of its Q2 2019 financial statements. According to IFF's preliminary findings, one of the top executives allegedly involved in the payments in question is Uri Yehudai, former president and CEO of Frutarom. In the merger deal completed last October, Yehudai was to serve as an outside advisor to the company, but is not yet a consultant. A Jewish response was received