On 21 August 2014, the Israeli Finance Minister and his German counterpart signed a revised double tax treaty between Israel and Germany.
The Cleantech Group, a Swedish-based international monitor, recently published the results of a study ranking countries by the innovation in their cleantech sector. The study placed Israel first in the world, above Finland, the United States, Sweden and Norway.
Israel’s economy has long been heavily reliant on tourism. With the holy sites of Jews, Muslims and Christians, there is an almost unlimited tourist potential. For decades, the tourist industry has focused on group tours, travel packages and generic activities, with a small niche catering for high-end luxury travel. But in the past few years, a new breed of tourism providers has emerged, catering to budget travelers, independent backpackers and those alternative tourist experiences.
Worldwide attention has been focusing recently on the Tamar and Leviathan natural gas rigs off the coast of Israel with new deals and exciting speculation every few weeks.
Israel’s high-level negotiation team is close to securing a huge investment by chip-giant Intel, estimated at over NIS 20 billion ($5.8 billion), according to Israel’s Ministry of the Economy.
Veterans of the IDF’s fabled MI 8200 unit are behind a number of successful high-tech corporations, business ventures, media groups and culture initiatives.
In a sign of deepening relationships between Israel and Canada, the Chief Scientist of Israel’s Ministry of Economy announced investment in three new joint research projects in the field of energy together with Canadian partners.
While much attention has been given to Israeli start-ups sold on to multinational technology companies, there are also a considerable number of growth companies who have built themselves up and are ready to trade publicly rather than run for high-profile exits, according to a new study by IVC Research Center.
A conference specifically aimed at linking up hot new Israeli start-up firms with American investors is kicking off in New York this week, with high-profile industry leaders expected to attend.
As a fierce competitor with SodaStream International Ltd., the Coca-Cola Company has sought to acquire 10 percent of Green Mountain Coffee Roasters Inc. for $1.25 billion.