Business and Economy
The move comes amid heightened tensions between Ankara and Athens over oil and gas exploration rights • Greek Foreign Minister Nikos Dendias is scheduled to meet with U.S. Secretary of State Mike Pompeo on Friday to discuss the matter.
“The cooperation between us will make both of us stronger,” Israeli premier Benjamin Netanyahu tells Colombian President Ivan Duque.
The aid plan, a joint effort of the Treasury, the Economy and Industry Ministry and the Israel Manufacturers Association, gives priority to employers that retained workers despite a drop in revenue.
“Reducing the political uncertainty would contribute to the confidence of the markets in the Israeli economy and improve the ability to deal with the [coronavirus] crisis,” says Bank of Israel Governor Amir Yaron.
A bill seeking to postpone the Aug. 25 deadline is to come before the Knesset on Wednesday • “We need to make every effort to avoid elections,” says Israeli premier.
Tourism Minister Asaf Zamir called the move “important news for the aviation sector and all Israelis.”
Edouard Cukierman, a leading Israeli investor and business academic, tells JNS about the severe challenges affecting Israeli startups and tech companies in the shadow of the global pandemic, though also notes the opportunities.
Veteran Israeli hotelier says resorts must differentiate themselves to attract guests, who will mainly be domestic “staycationers” through next spring.
“The work paid off,” says Roi Peer of Gan Haim, who became the first Israeli competitor in a decade to win a gold medal.
The report, based on predictions of a third coronavirus wave, states that some 800,000 people are currently unemployed and that 70,000 businesses will have folded by the end of the year.
More than 1 million citizens have already received the grants, with the remainder of the $1.9 million package expected to be disbursed in the coming days.
Graduates of the IDF’s famed Unit 8200 are often at the forefront of Israel’s high-tech industry—and industry headhunters often stop at nothing to lure members of the unit into the private sector.
