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Ice cream sales expected to drop this summer
The summer of 2009 is expected to see a drop in ice cream sales in Israel, according to data released last week by the Dun & Bradstreet economists. According to estimates, ice cream sales will range between ...
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Fischer predicts market growth, rise in unemployment
Bank of Israel Governor Stanley Fischer addressed the annual Caesarea Economic Forum Thursday and said that the Israeli market is doing better than expected considering the recession. "The reports we see for ...
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Israel to join OECD by May 2010
Israel is on its way to be accepted into the Organization for Economic Cooperation and Development (OECD): Finance Minister Yuval Steinitz and OECD Secretary-General Angel GurrĂa have agreed that Israel will become ...
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VAT rises to 16.5%
Get your wallets out. Value added tax rose Wednesday morning by 1% from 15.5% to 16.5%. As a result, the prices of many products are expected to increase in the coming days. The first line of products expected ...
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'Drought Tax' takes effect
Water conservation efforts rise to a new level: A new tax on water came into effect Tuesday, in hopes of making Israeli household take the need to stop wasting water a little more seriously. The surplus ...
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Rituals opens 1st store in Israel
Despite the recession, the Rituals chain is entering the Israeli market for the first time. The chain opened its first branch in the Holy Land last week, at Tel Aviv's Dizengoff Center, at a total investment of NIS ...
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German companies flee Iran following riots
The recent unrest in Iran following the disputed presidential election results have shaken German companies' confidence as to continuing their activity in the Iranian market, says Felix Neugart, a German expert in ...
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