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Governor of the Bank of Israel Amir Yaron  credit: Noam Moskowitz, Knesset Spokesperson's Office Mortgage arrears jump

The amount of mortgages in arrears of 90 days or more rose 8% in October compared with September.

Finance Minister Bezalel Smotrich credit: Dani Shem-Tov Knesset Spokesperson Israel's fiscal deficit narrows for second straight month

The deficit for the twelve months to the end of November this year was 7.7% of GDP, the Ministry of Finance reports.

Yoav Kisch  credit: Marc Israel Sellem, Jerusalem Post Israel slumps in int'l maths and science tests

Prof. Michal Zion of the Bar-Ilan University Faculty of Education: There are no teachers. Minister of Education Yoav Kisch denies responsibility.

Average wage in Israel credit: Shutterstock Rita Kapitulski Average wage keeps ahead of inflation

The average gross monthly pay of Israeli employees rose 6.7% to NIS 13,309 in October 2024 in comparison with October 2023.

Itamar Ben-Gvir  credit: Noam Moskowitz, Knesset Spokesperson's Office 2025 budget bill gives Ben-Gvir extra NIS 2b

Itamar Ben-Gvir's Ministry of National Security and the Prime Minister's Office both receive higher budgets than in the proposal approved by the government a month ago.

Minister of Finance Bezalel Smotrich credit Noam Moskovich Knesset Spokesperson OECD undercuts Treasury growth forecasts

The OECD now sees GDP growth of just 2.4% in Israel in 2025, which compares with a 4.4% projection by the Ministry of Finance.

Governor of the Bank of Israel Amir Yaron with Naama Sikuler at the Israel Business Conference  credit: Yossi Cohen BoI governor: No immediate interest rate cut

Talking to "Globes" editor Naama Sikuler at the Israel Business Conference, Governor of the Bank of Israel Amir Yaron said cutting interest rates now would be like putting out a fire with gasoline. He also criticized the make-up of the 2025 budget.

Reuven Krupik at the Israel Business Conference  credit: Shlomi Yosef Hapoalim chair Krupik: We need deep reform

Reuven Krupik spoke at the opening of the Israel Business Conference of the unquantifiable issues that will affect Israel's economic recovery and growth.

Henri Cukierman and Maurice Levy  credit: Brett Kline Paris gathering told trade prospects with Israel looking up

CCFI President Henri Cukierman: The best way to counter anti-Israel criticism is to strengthen economic ties between France and Israel.

Minister of Finance Bezalel Smotrich credit Noam Moskovich Knesset Spokesperson Smotrich reduces hike on EV purchase tax

Purchase tax on electric vehicles will rise from 35% to 45% next month, instead of the planned 83%.

Fitch on Israel  credit: Shutterstock, Knesset Spokesperson and Tali Bogdanovsky Fitch: Ceasefire could reduce fiscal risks

Following its downgrade of Israel's rating in August, Fitch has issued an update assessing the impact of the ceasefire with Lebanon, expressing very cautious optimism.

Bank of Israel Governor Prof. Amir Yaron credit: Oded Karny Bank of Israel keeps rate at 4.5%

The Bank of Israel cited uncertainty due to the war and rising inflation as reasons behind its decision.

Histadrut chairperson Arnon Bar-David and Minister of Finance Bezalel Smotrich  credit: Histadrut spokesperson; Noam Moskowitz, Office of the Knesset Spokesperson Histadrut and Treasury reach agreement on public sector pay

Israel's Ministry of Finance and Histadrut trade union movement have reached a final agreement on a package of economic measures that will be part of the 2025 state budget.

Bank of Israel Governor Prof. Amir Yaron credit: Shutterstock Israel's risk premium falling sharply

Israel's markets have been over-performing in the past few weeks as investors see a ceasefire agreement with Lebanon moving nearer and the 2025 budget moving forward.

Yogev Gradus (right) talking to Oren Dori at the Globes Investment Conference  credit: Yossi Cohen Budgets chief: Politics overcame equality in austerity measures

Ministry of Finance Budgets Division head Yogev Gradus talked to Globes' Oren Dori at the Globes Investment Conference.

Holon employment bureau credit: Eyal Izhar Unemployment in Israel falls to new low

While the war continues on two fronts, the job market remains tight and at full employment.

Herzliya seven stars shopping mall credit: PR Israel's Q3 growth figures unexpectedly robust

Initial estimates show 3.8% growth, on an annualized basis, in the third quarter of 2024, the Central Bureau of Statistics reports.

Inflation credit: Tali Bogdanovsky CPI up 0.5% in October as housing prices fall

Inflation remains above the Bank of Israel's annual target range, while housing prices fell after nine consecutive months of rises.

US Internal Revenue Service  credit: Shutterstock/Jorge Salcedo IRS grants relief for impact of Hamas attacks

The US tax authority will allow individuals and companies affected by attacks to defer certain filings and payments until September 2025.

Matanyahu Englman Photo: Yossi Zamir State Comptroller slams gov't for Israel's AI lag

Israel's decline in international AI rankings is blamed on low priority, under-funding, amateurish management, lack of control, and a surplus of political bodies.

Israel's cabinet credit: Maayan Toaf GPO S&P sees no major Israeli economic recovery before 2026

As the war continues, the ratings agency report forecasts that Israel will record 0% growth in 2024, which represents a GDP per capita contraction. Only in 2025 will the economy start to recover with modest 2.2% growth.

Intel plant in Petah Tikva credit: Intel Over 1,000 Intel Israel employees leave the company

For the first time in a decade, Israel's biggest private employer has less than 10,000 employees. "Globes" talks to Intel Israel employees and former employees.

Wolt messenger  credit: Shutterstock/Karolis Kavolelis Bill seeks to regulate platform worker employment model

The bill proposes a new legal status in addition to the traditional categories of salaries employee and independent contractor.

Yal Rothenberg credit: Oded Karney Israel's fiscal deficit narrows after 18 months of rises

The deficit for the twelve months to the end of October this year was 7.9% of GDP, or NIS 154 billion.

JP Morgan credit: Shutterstock J.P. Morgan cuts Israel growth forecast

The US investment bank sees 0.5% GDP growth in 2024, down from its previous forecast of 1% and 3.3% growth in 2025, down from 3.7% in its previous forecast.

Bank of Israel credit: Shutterstock Israel's forex reserves fell sharply in October

Israel’s foreign exchange reserves at the end of October 2024 fell to $216.074 billion, a decrease of $4.303 billion from their level at the end of September, the Bank of Israel reports.

Cryptocurrencies credit: Shutterstock State Comptroller: Tax Authority missed NIS 3b from crypto

Matanyahu Englman blamed the Tax Authority, for not taking most of the necessary steps to improve its ability to collect the taxes from cryptocurrencies, at a time when Israel's debt burden is increasing due to the war.

IDF troops in Jabalia in the Gaza Strip  credit: IDF Spokesperson S&P could downgrade Israel again this week

On Friday ratings agency S&P will issue Israel's latest rating, just one month after its unexpected decision to cut Israel's credit rating for the second time this year with a negative outlook.

London  credit: Shutterstock UK's new gov't shakes up taxation

What Israelis need to know about the Labour government's first budget.

IDF troops in Jabalia in the Gaza Strip  credit: IDF Spokesperson Second only to Ukraine: The cost of Israel's defense burden

Prof. Esteban Klor of Hebrew University and INSS: To avoid a lost decade, the government must divert resources to growth engines.

Average wage in Israel credit: Shutterstock Rita Kapitulski Average wage in Israel rose in September

In September 2024, the average monthly wage in Israel was NIS 13,535, up from NIS 13,376 in August 2024, the Central Bureau of Statistics reports, according to initial estimates.

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