Business News

Business

• Medical Students Refuse to Work, Defy Labor Court Ruling

  Posted By Mike Rosenthal on October 09, 2011 | Leave a Comment

  

  Keeping in line with the protests throughout the summer, medical students still refuse to work, even in the face of a Labor Court ruling ordering them to do so and risk of arrest.

  Read More
• Netanyahu: Dismantle Oligarchies, Encourage Competition

  Posted By Mike Rosenthal on September 20, 2011 | Leave a Comment

  

  This week, Prime Minister Benjamin Netanyahu announced that he would be taking steps to encourage competition and force the cost of living in Israel down including breaking up the monopolies.

  Read More
• Iranian Trade Ministry Throws Fit Over Israeli Fruit

  Posted By Mike Rosenthal on September 03, 2011 | Leave a Comment

  

  For the second time in a week, the Iranian Trade Ministry has had to dispel rumors that it conducts business with Israel.

  Read More
• Israel’s cost of living higher than the US and Europe

  Posted By Mike Rosenthal on September 02, 2011 | Leave a Comment

  

  Last week, the Israeli public took to the streets over the price of cottage cheese.  As a result, Globes ran an investigation regarding food prices in Israel versus in the US and Europe.  The results were startling, especially when wages were taken into consideration.

  Read More
• Knesset to Authorize Trust-busting

  Posted By Mike Rosenthal on September 01, 2011 | Leave a Comment

  

  It appears that the congolmerates that control most of the Israeli economy are in the government’s sights and economic reform could be in near future. The Knesset Economic Affairs Committee recently approved a bill that would allow the Antitrust Authority to exercise its trust-busting powers in industries where a small number of companies posses more than 50% of the market share and there is little to no competition.

  Read More
• Israel Freezes Gas Tax Rates for One Month

  Posted By Mike Rosenthal on September 01, 2011 | Leave a Comment

  

  In response to the protests over the last two weeks, the government has decided to delay the 30 Agora tax hike on gasoline by a month.

  Read More
• Electricity Prices in Israel to Skyrocket Because of Coal and IEC Irresponsibility

  Posted By Mike Rosenthal on September 01, 2011 | Leave a Comment

  

  In 2012, Israeli taxpayers can expect to pay between 4 and 20 percent more on their electricity bills because of a sneaky tax the Ministry of Finance imposed in December 2010. The new tax is one on coal at the amount of NIS 66 per ton. The expected revenue from the tax is around NIS 1 billion and is to take effect August 1.

  Read More
• Israeli Internet company ViewScore acquired by MyThings

  Posted By Mike Rosenthal on August 30, 2011 | Leave a Comment

  

  TEL AVIV, Israel, January 28 — MyThings (www.MyThings.com), the global provider of product related content, announced today the acquisition of product review aggregation solution ViewScore (www.ViewScore.com).

  Read More
• Bank of Israel: Home Prices to Rise in 2011

  Posted By Mike Rosenthal on February 10, 2011 | Leave a Comment

  

  According to the Bank of Israel, housing prices will skyrocket in the coming year, which will probably require some sort of intervention to reverse or slow the trend.

  Read More
• South African Business Owner Achieves American Dream Selling South African Sausages

  Posted By Mike Rosenthal on January 30, 2011 | Leave a Comment

  

  David Libesman, a South African Expatriate living in Merion Station was busy running a software business called the Satori Group while also serving as a soccer coach at the Klein JCC and board member of the Torah Academy of Greater Philadelphia when he suddenly got a hankering for a staple from his homeland. After visiting South Africa on a recent trip, he started making the food himself and is now offering it to the public.

  Read More