economy of israel

Israel's black market is thriving amid economic crisis

Insufficient compensation plans and widespread tax evasion contribute to a thriving black market, costing taxpayers hundreds of thousands of shekels and risking criminal penalties.

By DAVID ROSENTHAL
20/12/2023

Survival or layoffs: What's at stake for Israel's businesses in 2024

Israeli businesses navigated through a challenging year marked by a slowdown in the tech sector, political unrest, and an unexpected war with Hamas.

Azrieli Group closes e-commerce website after losing NIS 300 million

Due to the underdeveloped e-commerce market in Israel and the dominance of global websites, the Azrieli Group announces the closure of Azrieli.com, resulting in the layoff of about 70 employees.

By LEE SIBYLA/WALLA!
18/12/2023

Yaron urges fiscal restraint; PM says to boost defense spending

Netanyahu characterized Israel’s economy as “a strong ship in a stormy sea” and attributed its stability and success to decreased bureaucracy and regulations.

Heavy feelings following a dark week - opinion

From now on, our forces will have to take into consideration the possibility that opposite them are not only Hamas terrorists but hapless Israeli hostages who have managed to escape their captors.

Economic harm from war with Hezbollah would be staggering, says expert

A full-scale war with Hezbollah is outlined, projecting a month-long freeze of most activities in the North, resulting in a 70% drop in employment.

Israelis cut credit card spending by 15.8% amid Israel-Hamas war

Expenses in Israel amid the war reached NIS 7.659 billion; Clothing and shoe sales have declined but food and electronics show signs of recovery.

By WALLA!
13/12/2023
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