Israel maintains Moody's A1 rating

"Key to Israel’s economic dynamism is a high-tech export sector that benefits from the country’s well-educated, relatively young population, as well as one of the highest levels of per capita investment in research and development."   (Communicated by the Ministry of Finance) Moody’s International Credit Rating Agency published its annual report on the Israeli economy and said: ... [Continue Reading]

 Integration of minorities into the hi-tech sector

As part of the Israel’s efforts to promote entrepreneurship in minority sectors and to transform them to an integral part of the Israeli innovation scene, the second hi-tech conference for minorities will be held on September 10, 2015.   (Communicated by the Economy Ministry Spokesperson The hi-tech conference for minorities is a cooperation between the Office of the Chief Scientist at the Israeli Ministry of Economy and the Authority for Economic ... [Continue Reading]

 Israel and World Bank Group to share innovative best practices in water

The Israeli Ministry of Economy has committed $500,000 to the World Bank Group’s Water Global Practice to enhance water knowledge in developing countries facing complex water security challenges.   On June 17, 2015, Israel and the World Bank Group signed an agreement in Washington D.C. The agreement will focus on sharing water expertise and industry best practices with developing countries and World Bank ... [Continue Reading]

 Cabinet approves benefits for National Cyber Park in Be'er Sheva

Israel’s cyber industry is on a major growth trend, while harnessing the country’s relative advantages into providing momentum for the growth of the global cyber market, which is expected to double in size in the coming years.   Copyright: GPO/Kobi Gideon (Communicated by the Prime Minister’s Media Adviser) The Cabinet, at its weekly meeting today (Sunday, 6 September 2015), approved Prime ... [Continue Reading]

 Israel Bank Governor Dr. Karnit Flug addresses the Israel Economic Association’s Annual Conference

The performance of the Israeli economy over the entire period of  the global economic crisis was good relative to those of other advanced economies.   Copyright: Reuters (Communicated by the Bank of Israel) The Bank of Israel’s monetary policy objectives as outlined in the Bank of Israel Law state that the Bank must attain price stability over time, and subject to that, must support growth, employment and reducing gaps. As a result of ... [Continue Reading]

 BOI Gov Flug addresses Israel Economic Association Conference

We must focus policy on efforts to break the productivity barrier, in order to ensure inclusive and sustainable growth, prosperity, and a suitable standard of living, and at the same time to continue to maintain macroeconomic stability and strengthen the economy’s resilience to shocks.   Copyright: Reuters The Governor of the Bank of Israel, Dr. Karnit Flug, addressed the annual conference of the ... [Continue Reading]

 Professional team to improve manufacturing climate

PM Netanyahu: "Israeli industry is one of the Israeli economy’s most significant growth engines. I have defined a clear goal: To increase growth in order to strengthen the Israeli economy."   Copyright: GPO/Kobi Gideon (Communicated by the Prime Minister’s Media Adviser) Prime Minister Benjamin Netanyahu (Monday, 31 August 2015) ordered the establishment of a professional team composed of ... [Continue Reading]

 Math made visual

Prof. Michal Yerushalmy, director of the University of Haifa’s Institute for Research of Alternatives in Education, recently received the international Eddie Prize for excellence in design of educational products and materials in science or mathematics in recognition of her VisualMath curriculum and its related Math4Mobile system, which enabled students to out-perform their traditionally-trained peers.   Prof. Michal Yerushalmy sees her ... [Continue Reading]

 Funds allocated for integration of minorities into hi-tech sector

​Two companies, Tsofen and ITworks, win tender for program operation.   ​ (Communicated by the Ministry of Economy Spokesperson) The Ministry of Economy announces that two organizations, Tsofen  and ITworks, have won the tender, announced in October 2014, for the training and integration of Arab, Druze and Circassian academics into the hi-tech sector.  During the contract period the organizations will be ... [Continue Reading]

 Tobacco that heals

Meeting a major unmet medical need, Israel’s CollPlant uses tobacco plants to produce collagen that can be safely used by surgeons for tissue repair.   Tobacco plants could be used to produce genetically-engineered human collagen By John Bernard  In a greenhouse in northern Israel, a company is growing tobacco plants yielding a surprising product that is vastly different ... [Continue Reading]