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 government unanimously approved the Finance Minister's proposal for the State Budget and the 2019 Economic Plan * The state budget in 2019 will amount to NIS 397.3 billion, the education budget will amount to NIS 60 billion,
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...
In Q3 / 2018, Israeli high-tech companies raised $ 1.6 billion in 131 deals. While the amount invested was comparably high, there were fewer transactions compared with the last quarters. Only one mega-deal was recorded in Q3 / 2018 - Trax Solutions raised $ 125 million, equal to 8% of the total amount raised in the third quarter
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
The Bank of Israel decided to raise the interest rate by fifteen hundred percent, and this is the first rise in interest rates seven years after the new governor took office. The Bank of Israel notes that after a sustained rise in inflation since the beginning of 2018, inflation stabilizes slightly above the lower limit of the target range, and is expected to remain in this area in the coming months as well. Expectations and forecasts for a year from the various sources range around 1%. Expectations for the medium term remained stable within the target range. The rise in wages in the...