On 21 August 2014, the Israeli Finance Minister and his German counterpart signed a revised double tax treaty between Israel and Germany.
The Chief Scientist Office in the Israeli Ministry of Economy has long been seen as a model of success. Aiming to foster economic growth through technological breakthroughs, cutting-edge research, innovations and entrepreneurship, the office regularly gives out grants in the form of low-risk loans, only demanding the investment money back if the project is successful and financially viable.
The Chinese state-owned food conglomerate, Bright Food, bought controlling shares (56%) of Tnuva, the iconic Israeli dairy producer from Apax equities in a deal estimated at $960 million.
While Israel is well known for the innovative technological start-ups continually rolling out new software and mobile applications, the Israeli government is now launching a helpful smartphone app for Israeli citizens involved in accidents.
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.
In honor of Israel’s ‘Science Day’, dozens of scientists, Nobel Prize winners, government ministers and representatives from the scientific community from around the world gathered at the Weizmann Institute in Rehovot last week.
Bank Hapoalim, Israel’s largest bank, has announced a new campaign to encourage members to spend money in small and medium businesses, rather than at the major chain retailers.
Minister of Finance, Yair Lapid defended the government's record as well as his political party, Yesh Atid, earlier this week on Israeli TV. Lapid promises that there will be significant improvements so long as he and his party continue to remain in the government.
In 2010, a blazing forest fire in the Carmel region of Israel claimed 44 lives and caused the evacuation of over 17,000 people. In response to this deadly fire and the other 1,000 forest fires that frequently occur throughout Israel, the research department of the Ministry of Public Security developed Matash, a fire forecasting system.