Bank of Israel Levels Attack on Finance Minister's Tax Cuts, Housing Program
Governor Karnit Flug says tax windfall should be used to boost government’s low levels of education, infrastructure spending.
Moti Bassok
Analysis As Coalition Crisis Looms, Promises of Tax Cuts Get Sidelined
With early elections in the air, Netanyahu and Finance Minister Kahlon issued a plan for cutting taxes. But their dispute over Israel's new public broadcaster put their promise on the back burner.
Bank of Israel Chief Defends Purchase of Foreign Currency to Depress Shekel's Value
A strong shekel is of particular concern to Israeli exporters, who are faced with earning less, in shekel terms, for what they sell abroad.
Netanyahu Meets With Chinese Business Leaders as He Promotes Tech Cooperation
Agreement to bring in thousands of Chinese building workers also signed on second day of Israeli prime minister's visit.
Home Prices Turn Higher
Overall inflation unchanged in February, statistics bureau says
Business in Brief: Court Awards Alona Bar-On Shares in Parent Company of Globes Financial Daily
Foresight soars after Mobileye-Intel deal; Welfare minster cited by Securities Authority lawyer for possible ethics violations; Assets grow 3.6% in 2016; Tel Aviv shares end lower as bank rally stalls.
Netanyahu, Finance Minister Plan New Round of Tax Cuts
Treasury sources say the measures will include lower personal and corporate tax rates and a reduction in VAT.
Israel's Tax Collections Surged 8.5% in February
Budget figures increase likelihood finance minister will act on promised tax cuts.
Israel's 2016 Current Account Fell to $12.4 Billion
Trade deficit narrowed but foreign direct investment rose.
Older Workers Boosting Israel's Workforce Participation Figures, Economic Growth
The percentage of older people working increased significantly over the past 10 years because the retirement age has been gradually increased.
Average Israeli Family Has 3.72 People; Most Common Name Is Cohen
To commemorate Family Day, the Central Bureau of Statistics released a statistical portrait of the Israeli family.
Treasury: Income Growth Best Among Lowest Wage Earners
Study shows Israeli household incomes, spending rose fastest among bottom 50%
Israel's Economic Growth Surged 6.2% Higher in Fourth Quarter
Unexpectedly strong figure, which nears Chinese growth rate, causes shekel to strengthen against the dollar.
IMF: Housing Reforms Won’t Stop Price Rises
In a generally laudatory report on Israel’s economy, the agency warns about budget deficits.
Merchants Anxious as ultra-Orthodox Minister Wins Power on Shabbat Business
Cabinet votes to restore authority to the interior minister to make a decision after years of waffling on the issue.
Shabbat Driver for Netanyahu's Sons Raises Eyebrows Among ultra-Orthodox
Ometz good government organization says it's 'insolent and outrageous' for the state to finance the personal needs of the prime minister's family.
Israel Cut Public Debt to Record Low 62.1% of GDP in 2016, Marking Seventh Annual Drop
Debt was 62.1% of GDP in 2016, capping 11 percentage point decline since 2007.
Top Israeli Banker's Diary Shows Few Meetings With Netanyahu, Kahlon
Powwows with prime minister and finance minister occurred less than once a month during the year through October 2016, records show.
Israel Marks Third Year of Lower Prices as CPI Drops in 2016
With economy and wages buoyant, lower prices helped spark a consumer spending boom last year.
Israel Approves Massive Plan to Boost High-tech Workforce
Program aims to close shortfall of engineers and other high-tech professionals by expanding educational courses, recruiting experts from overseas.
Israel's Trade Deficit Widened in 2016 as Exports Fell
Imports climbed amid surge in consumer spending and investment in capital goods.
Israel Sells 2.25 Billion Euros in Bonds
Big issue marks first time Israel taps European market in three years.
State Revenues Grew 6.3% in 2016, Cutting Budget Gap to 2.1% of GDP
Deficit reduction comes despite surge in spending in December, says treasury.
Finance Minister Denies Promising Lower Housing Prices
'I have no doubt that the many actions we are taking to increase supply and to rein in demand will in the end influence the entire housing market,' says Kahlon.
Israel's Industrial Production Growth Slows Again
The figures are particularly concerning since industrial production had been a major source of economic growth in the past.
Average Israeli Household Earns $4,000 a Month (After Taxes), Spends $3,200
Rehovot residents had the highest household income and manage to save over $1,500 a month. At the other end — Bat Yam.
Israeli Kibbutz Members to Pay Income Tax for First Time Ever
A Knesset committee approves the historic reform after four months of negotiations with the movement.
Israel Okays Unplanned Budget Cuts to Fund Amona Move, Shas Schools
Ministers approve $311.7 million in reductions after vote is scheduled at eleventh hour.
Israel Expected to Cut Budget to Cover Amona Outpost’s Evacuation
Opposition legislator Shelly Yacimovich says the across-the-board move would ‘make a mockery of any socially minded achievements.’
New-home Sales Down as Bank of Israel Sees Signs of Slowdown in Mortgage Market
Sales of new properties fell 8.7% in first 10 months of 2016, statistics bureau says.