Latest news and articles about israeli economy from NEX English
Israeli company Wix, specializing in website creation, announced the layoff of 20% of its workforce, approximately 1000 employees, due to the strength of the shekel against the dollar and advancements in artificial intelligence. This decision was revealed by the company's CEO, Avishai Abrahami.
The Israeli government has announced plans to increase the number of passengers allowed on flights departing from Ben Gurion Airport. This initiative aims to boost air traffic following a decline due to health and economic crises, coinciding with a notable recovery in the tourism sector.
Ilan Rom, the Director General of the Israeli Ministry of Finance, unexpectedly resigned just hours after the Knesset approved the state budget for 2026, marking the largest in Israel's history.
A recent report from the <strong>Israeli Central Bank</strong> indicates that the Israeli economy has experienced a significant decline of <strong>8.6%</strong> since October 2023, largely due to the ongoing conflict with Iran. The report also raises concerns about Israel's air defense capabilities in protecting its cities.