Government

The Cyber, Emergency and Security Unit and the Chief Economist Division at the Ministry of Finance continue to strengthen the long-standing relationship and cooperation with the US. Further to the meeting of Finance Minister Lieberman with the US Deputy Treasury Secretary, Wally Adeyemo, in November 2021, in which they discussed the need to strengthen the resilience of systems, organizations financial and deepening cooperation on the subject, today (Tuesday) a cooperation agreement (MOU) in the cyber-financial field was signed between the ministries of finance of Israel and the USA. On the...

The Innovation Authority and the Ministry of Economy and Industry are launching an innovative aid track to increase research collaborations between manufacturing companies and academic institutions, to the extent of NIS 4 million The track will allow manufacturing-oriented industrial companies to order studies from the leading research institutions in Israel in a way that will allow the local industry to incorporate groundbreaking knowledge into products and production processes, advance to the forefront of industrial innovation and take leading positions in global markets

The average budget for a state-religious high school student in 2021 was NIS 41,400 - 26% more than the budget for a state high school student, which was over NIS 32,800. This was the gap in 2020 as well - thereby maintaining the large gap between the two sectors this year as well. This is according to the "Budgetary Transparency" presentation for 2021 published today (Sunday) by the Ministry of Education. These disparities are the result of the period in which ministers from the religious parties ruled the ministry, between 2015 and 2020 - first Naftali Bennett and then Rafi Peretz - who...

The approaching holidays mark not only the massive departure of Israelis abroad, but also the arrival of tourists who return to flood the streets of the cities. However, despite a considerable recovery in the arrival of tourists, the inbound tourism industry reports that they are still not arriving here in the numbers they were before the corona virus - while Israelis are flocking abroad in droves, and the figures are already equaling, and even surpassing, the numbers before the crisis. The number of tourists reaches 60%-70% of their number before the crisis. According to data from the...

South Korea's parliament approved a trade agreement with Israel and it is expected to enter into force in December. This is Israel's first free trade area agreement with an Asian country. With the entry into force of the agreement, mutual tariff reductions will apply to imported and exported products, alongside the improvement and facilitation of trade in a variety of other areas such as services, investments, and standardization. The agreement will give Israeli companies a competitive advantage in the Korean market and is expected to increase and diversify Israeli exports to Korea, as...

The Ministry of Finance announced that the committee for examining Israeli food standards reached agreements regarding the cancellation and modification of the standards. In recent months, the committee examined the Israeli food standards, and its goal was to balance as much as possible the Israeli regulation in the field of food with that practiced in other developed countries, thereby facilitating both the import of food to Israel and its local production in the Israeli food industry. According to the announcement of the Ministry of Finance, the standards that will be canceled will...

The rate of population growth in Israel is harming the attempt to improve the education system. Between 2012 and 2019, the budget of the Ministry of Education increased by 67%, but the increase in the number of students eroded the increase so the budget per student increased by only 21%. This is according to the annual education report of the Organization for Economic Cooperation and Development (OECD) published today (Monday) and referring to the 2019 budget data

The agreement on the demarcation of the northern maritime border between Israel and Lebanon was placed on the Knesset table on Wednesday evening, during the recess. Earlier, the government approved not to vote on the agreement in the Knesset. The cabinet approved the agreement and so did the government. Minister Ayelet Shaked voted against it. Knesset Speaker Miki Levy and Knesset Secretary Dan Marzok presented the agreement to an empty plenary. "I heard the security officials and learned the details of the dispute and understood the importance and necessity of the agreement. During my...

The representatives of the state and the teachers' union signed the new employment agreement with the teachers' union on the night between Wednesday and Thursday, which will include, among other things, an increase in teachers' salaries already now and a change in the vacation schedule starting next year

The Orcam company founded by Amnon Shashua and Ziv Aviram is laying off 62 employees, most of them in Israel. The company, which was founded in 2010, distributed hearing letters before layoffs to 62 employees, who make up 16% of the company in Israel. The company did not respond. Recently, the company underwent a significant change when Amnon Shashua, one of the founders of the company, stepped down from the position of CEO and transferred the position to Elad Zarfati, who worked with him at Mobilay. Zarfati led a significant reorganization plan as part of a response to changes in world...