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Tech Israel

Daily Updates from Silicon Wadi for Monday, December 31, 2018

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Finance Ministry budgets director Shaul Meridor attends a press conference at the Finance Ministry in Jerusalem on December 11, 2017. (Yonatan Sindel/Flash90)

To rein in deficit, taxes may need to rise, spending to drop – budget chief

By Shoshanna Solomon

Central Bureau of Statistics releases preliminary estimates for GDP growth of 3.2% in 2018, lower than expected; 2017 saw a growth of 3.5%

Illustrative: A screenshot of a tutorial posted online by Russian hacker Roman Seleznev on how to steal credit card data is displayed for reporters Friday, April 21, 2017, in Seattle, following the federal court sentencing of Seleznev to 27 years in prison after he was convicted of hacking into U.S. businesses to steal credit card data. (AP Photo/Ted S. Warren)

New actors will join state-sponsored hackers in global cyber-crime, report warns

By Shoshanna Solomon

Russia’s Kaspersky Lab says in its Targeted Threat Predictions for 2019 that barriers to new players entering the fray have ‘never been so low’

Palestinians shop at a vegetable market in the West Bank city of Bethlehem, August 30, 2018 (Miriam Alster/FLASH90)

Ending trade conflict, Israel and PA lift bans on each other’s produce

Israeli agriculture minister says he reopened door to Palestinian imports after Ramallah said it would permit Israeli lamb in local markets

Bezeq workers installing fiber optic cables. (Courtesy)

Telecom giant Bezeq slapped with NIS 11 million fine

Israelis take part in a 'yellow vest' protest in Tel Aviv on December 22, 2018. (Gili Yaari/Flash90)

Consumer prices slow to increase, but the cost of living is still high — report

By Stuart Winer

Employment figures are at a high, wages are up, but living in Israel is relatively expensive compared to other OECD countries, says annual Taub Center assessment

Netanyahu could win the elections by dropping out

This may be the prime minister’s last chance to bow out with at least some of his reputation intact

Illustrative image of a handshake (iStock by Getty Images)

Israeli tech exits decline as ecosystem matures, global uncertainty weighs

By Shoshanna Solomon

M&A deals, IPOs down 33% in 2018, says the PwC Israel 2018 Exits report, which predicts ‘the Israeli high-tech market will continue to be a fertile breeding ground for the world ‘

Illustrative image of a trading room floor. (Rawpixel, iStock Images)

Israel files first-ever indictment against alleged binary options operatives

By Simona Weinglass

Utrade Premium Services Ltd. owner Aviv Talmor and senior analyst Roy Cuzin accused of defrauding hundreds of Israeli investors out of tens of millions of shekels

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