Israel: Israeli companies want to invest in Serbia Real estate

Netanyahu to pioneer new diplomatic grounds in Latin America

2017/09/13 Defying doomsayers concerned about Israel losing diplomatic clout, Benjamin Netanyahu is headed to Bogota, Argentina, and Mexico -- part other Latin American nations. Prime Minister Benjamin Netanyahu is scheduled to depart for Latin America and the US on Sunday evening, marking the fifth time in some 15 months he will embark on ground-breaking trips to nations at no time before visited by a sitting Israeli prime minister.

Foreign investment in Israel up 7%

2017/09/12 320 multinational companies operate in Israel with 30 new companies starting operations in 2016, the Foreign Investments Authority reports. Investments in Israel by foreign companies totaled $12.6 billion in 2016, 7% additional than in 2015, according to the Ministry of Economy and Industry Industrial Cooperation and Foreign Investments Authority. The figures show that 320 multinational companies operate in Israel, and the pace at which such companies are starting to do business in Israel has tripled from 10 a decade ago to 30 in 2016. The Foreign Investments Authority as well reported that almost 10% of all employees in the business sector work at multinationals doing business in Israel. The average fee at these companies is 88% higher than the average fee in local companies and 14% higher than the average fee in local companies doing similar business.

Israel's foreign currency reserves rise to record $111b

2017/09/12 The Bank of Israel did not make any foreign exchange purchases in August as the shekel weakened. Israel’s foreign exchange reserves stood at a record $111.020 billion, at the end of August 2017, an increase of $910 million from their level at the end of July, the Bank of Israel reports. The reserves represent 33.3% of GDP.

Finance Ministry: Housing market slower in July

2017/09/12 According to the chief economist, there were 16% fewer deals than in June and 9% fewer than in July 2016. The downtrend in residential real estate deals is continuing. Central Bureau of Statistics figures published yesterday showed a fall in the number of new housing units sold by contractors, and Ministry of Finance chief economist Yoel Naveh has published new figures today showing a further drop in deals in the sector.