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Gad Lior
'Not a single dollar left': demand for foreign currency soars after Bank of Israel rate-cut signal
Currency exchange operators report a surge in Israelis buying foreign currency, driven first by favorable exchange rates ahead of summer travel and more recently by central bank chief’s signal another interest rate cut may be near
Gad Lior
|
06.03.26
That package you ordered from abroad just got more expensive: VAT exemption back to $75
The Knesset cancelled the $130 VAT exemption last night, bringing Israel’s $75 limit back; Overseas packages above that amount will now face 18% VAT at customs.
Gad Lior
|
06.02.26
Starting at midnight: gas prices to drop sharply
Price of 95-octane gasoline drops to 7.80 shekels per liter after a stronger shekel and lower global fuel prices, Energy Ministry says
Gad Lior
|
05.31.26
Tax Authority to preapprove every invoice over NIS 5,000
Invoices reform expands June 1 in crackdown on fictitious invoices; what businesses must do, what happens if approval is denied and who is affected
Gad Lior
|
05.28.26
Hit by the tech layoff wave? Avoid these unemployment mistakes
Workers used to high salaries may find unemployment benefits far lower than expected, with caps, age-based limits, waiting periods and deductions shaping how much money actually reaches their bank account
Gad Lior
|
05.28.26
Rate cut, war easing — so why is the dollar still sinking?
Dollar falls below 2.86 shekels as traders bet the Bank of Israel will avoid intervention, lowering import costs and likely bringing relief at the pump
Gad Lior
|
05.26.26
Bank of Israel faces high-stakes rate call as risks pile up
Central bank weighs rate cut despite April inflation spike, Iran war fears and election uncertainty as Israelis rush to buy dollars amid shekel surge
Gad Lior
|
05.24.26
Veteran Israeli journalist and Holocaust survivor Raul Teitelbaum dies at 94
Teitelbaum, who wrote as Israel Tomer, survived Bergen-Belsen, immigrated in 1949, served in the IDF and spent decades covering economics and the Knesset before lighting a Yad Vashem torch in 2018; funeral set Thursday
Gad Lior
|
05.20.26
World's biggest sporting event: The 2026 World Cup has become a $41 billion growth engine
The international soccer tournament opening next month in the US, Canada and Mexico will be the largest sporting event in history; With 48 teams representing 62% of global GDP, it is expected to spark a digital revolution and break internet consumption records
Gad Lior
|
05.18.26
Israel's inflation flares in April as gas prices hit households
Consumer prices jumped on higher gas costs, but annual inflation remains within target as markets expect a Bank of Israel rate cut
Gad Lior, Hila Tsion
|
05.15.26
Israel eyes nixing Eilat VAT exemption, retirement age hike to 70 in sweeping treasury plan
The 2027-2032 plan also weighs pension changes, cuts to tax breaks, a mileage tax, ministry closures and major investment in health, education and infrastructure
Gad Lior
|
05.13.26
S&P affirms Israel’s credit rating at A with stable outlook
The world’s largest credit rating agency said its decision takes into account Israel’s continued security tensions and the economic impact of the war
Gad Lior
|
05.09.26
Unemployment in Israel surges to post-COVID high as war with Iran jolts labor market
Israel job seekers surge to 396,000 in March amid war with Iran, as labor market tightens and unemployment spikes
Gad Lior
|
05.03.26
Israel's economy needs fast, sharp interest rate cut
Analysis: Bank of Israel faces a high-stakes choice: boost growth with a bold rate cut or avoid risking a weaker shekel and renewed inflation
Gad Lior
|
05.03.26
Fuel, milk, rent and flights: These are the price increases that will soon hit every Israeli
The war is over for now but the economy doesn't realize it: Gas will rise to 8.07 shekels per liter, regulated dairy products will go up 1%, rent prices are expected to rise in the coming months by at least 5%-6%; and air fares are climbing
Gad Lior
|
04.30.26
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