Israel Continues to Raise Interest Rates

In an effort to curb rising inflation, the Bank of Israel raised interest rates by 0.75% to 2.75%, the highest level in 11 years.

Food Import Standards Reform

Israel adopts European food standardsfor the first time and announces that 97 of them will be eliminated on Jan. 1, 2023, to promote market competition and lower food prices.

Israel-South Korea FTA

The FTA between Israel and South Korea will take effect on December 1, 2022. The competitiveness of exports of Korean-made automobiles, parts, cosmetics, and other products will be significantly improved.

COVID Data for October

Israel's Ministry of Health released COVID data for October, with a current infection rate of 0.81 and more than 6,500 people still infected, and masks are still required to enter hospitals, pharmacies, and other public places.

Total Consumption in September

The latest statistics for September show that Israelis spent a total of 38.811 billion NIS, of which 22.447 billion NIS was spent online, an increase of 31% year-on-year.

Israel's Population Trends

The Israel Bureau of Statistics indicates that there are currently approximately 9.53 million residents in Israel, with a significant population growth trend that is expected to exceed 10 million by the end of 2024 and 15 million by the end of 2048.

From jpost, timesofisrael, etc.

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