Capital Market

"The ongoing uncertainty surrounding the legal reform constitutes a significant negative risk to Israel's economy." This is what the report of the International Monetary Fund claims. According to the organization's economists, in the case of a pessimistic scenario surrounding the reform, growth per capita is expected to be reduced to only 1.5%-1.6% in the next two years (2023-2024), which reflects negative economic growth per capita (the natural increase in Israel stands at 2%). According to the report, "Protests and social conflicts have accompanied the economic uncertainty, which, if it...

The Central Beverage Company (Coca Cola Israel) will pay an administrative fine of NIS 36.4 million after abusing its monopolistic position in the beverage market. This is according to the final calculation of the fine approved by the head of the competition court, Judge Tamar Bezek-Rappaport. The original fine imposed in 2019 was NIS 39 million. The ruling indicates that the Competition Tribunal accepted the commissioner's position regarding six law-breaking practices, which constitute an abuse of monopolistic power, which the company has taken over the years

In March Israel moved for the first time from June to an annual deficit in the state budget that increased in April, since then the trend has been a consistent increase in the deficit. In June, the rate of the deficit in relation to GDP in the last 12 months was already 0.9%, which is NIS 15.4 billion. In June, a deficit of NIS 6.2 billion was recorded compared to a deficit of NIS 1.5 billion in May last year. This is according to the data of the Accountant General at the Treasury published today (Sunday). Since the beginning of the year, there is still a surplus of NIS 6.2 billion, which...

No less than 52% of the companies in the high-tech service industries reported in the first half of 2023 a reduction in personnel compared to the first half of 2022. This is according to the data of the Central Bureau of Statistics published on Monday. The company managers were also asked about the main cause of the economic damage to their company in the last six months. According to the CBS, the most significant cause of the damage was a decrease in demand for their company's product (about 36% of the companies defined it as such), followed by difficulties in raising venture capital...

In a dramatic move, the influential Business Forum, consisting of 76 senior businessmen, has announced its intention to shut down the Israeli economy in protest against the continuation of controversial coup d'état legislation. The decision, made during a meeting of top economic officials, reflects deep concerns regarding the potential ramifications of the legislation

Credit rating agency Moody's released a report on Tuesday detailing developments in Israel's political landscape and their potential impact on the country's economy. The report raises alarm about the ongoing demonstrations and protests surrounding the coup d'état and highlights the risk of a constitutional crisis due to petitions against the bill submitted to the Supreme Court

Citibank Lowers Growth Forecast for Israel's Economy Amidst Political Uncertainty. In a recent report, American bank Citibank revised its growth forecast for the Israeli economy for 2023 and 2024, attributing the downturn to a drop in investments following a planned coup d'état of the government