Israel business

Israel's tech employees cost more than US counterparts

Tech workers in Israel are currently 2.4 times more expensive than their counterparts in Poland, Lithuania, Romania, and Ukraine

People walk near office towers at a business park also housing high tech companies, at Ofer Park in Petah Tikva, Israel August 27, 2020
In January, Israel’s Ministry of Defense signed a multi-year contract with Semiconductor Devices valued at approximately $115 million (NIS 380 million).

The curse of being Israel's most valuable company

A bunch of Israeli New Shekel banknotes in the hand on the Bills background.Conceptual Image for Finance and Banking

Shekel gains sharply despite interest rate cut

David Alexander, Deputy CEO of Phoenix Financial

Evolving regional economic opportunities


Business and pleasure: Israel and Japan sign a new visa agreement

Visa applicants must meet a number of basic requirements including a clean criminal record, having medical insurance and having a way to support themselves. 

 Israeli Ambassador to Japan Gilad Cohen and Japanese Foreign Minister Kenji Yamada sign the "work-holiday" visa agreement in April 2023.

Bath & Body Works to begin operations in Israel

Bath & Body Works – the world's leading chain in the field of care products, air and home fragrances – will open at least 30 stores in Israel by 2026.

 This is a shot of the Bath and Body Works store in the Eaton Centre in Toronto, Canada.

Bazan Group records $776 million in adjusted EBITDA and $441 million in annual net profit for 2022

The company listed a decrease of $224 million in net debt in 2022, and announced the distribution of a $220 million dividend.

 Moshe Kaplinsky, Chairman of the Bazan Group.

'Netflix Tax' planned by gov't likely to raise streaming prices

Though the providers themselves would be obligated to pay the added VAT, it’s likely that the move will result in higher subscription fees.

 Toy figures of people are seen in front of the displayed Disney +, HBO Max, Apple TV, Netflix, Hulu and Prime video logos, in this illustration taken January 20, 2022.

Judicial overhaul will boost economy, Netanyahu tells nervous entrepreneurs

Netanyahu met with Papaya Global and Disruptive Technologies Venture Capital after they said they planned to pull out of Israel over judicial reform concerns.

 PRIME MINISTER Benjamin Netanyahu holds last Sunday’s cabinet meeting at the Prime Minister’s Office in Jerusalem, as Justice Minister Yariv Levin looks on.

Israel targets 'smart' cities with new 5G mobile auction

Fifth-generation technology is 10 times faster than widespread 4G and rolling it out would improve Internet access in city centers.

A Samsung employee poses with the new Samsung Galaxy S10 5G smartphone at a press event in London, Britain February 20, 2019.

Your Taxes: Employee responsibility, commercial secrets - opinion

Here is a round-up of some interesting happenings on the tax scene.

Calculating taxes

What happened to all of Elite's ‘red cow’ chocolate?

BUSINESS AFAIRS: Strauss’s Elite brand chocolate products have still not fully made their way back onto shelves. What are they planning, and what will they need to do to win back consumers?

 THE STRAUSS Elite candy factory in Nazareth in April, after salmonella was found in a few of its products.

Connect/Israel brings together businessmen from Israel, US and Gulf

In Israel, the group met entrepreneurs such as Dov Moran and Sylvan Adams.

 Connect Israel took young businessmen from Israel, the US and the Gulf on a trip through the Middle East.

Wolt to expand to 15 new communities near Rishon, Rehovot

Wolt was established in 2014 in Helsinki, Finland, as a convenient, fast and serviceable food delivery platform. It began operating in Israel in 2018. 

 A courier working with Wolt, a meal delivery app service, rides a scooter as he delivers an order from a restaurant, amid the coronavirus disease (COVID-19) crisis, in Tel Aviv, Israel July 9, 2020.