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Tech Israel

Daily Updates from Silicon Wadi for Wednesday, January 11, 2023

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New Finance Minister Bezalel Smotrich, left, shakes hands with outgoing minister Avigdor Liberman at a handover ceremony at the Finance Ministry in Jerusalem, January 1, 2023. (Yonatan Sindel/FLASH90)

For first time in 35 years, Israel posts budget surplus driven by higher tax revenue

By Sharon Wrobel

Finance Ministry says last 12 months saw ‘exceptionally high increase in state revenues’ and ‘impressive recovery’ by economy from pandemic crisis

Israel raises $2 billion in its first-ever issuance of 10-year green bonds

By Sharon Wrobel

State joins sovereign green bond club in raising funds to help attain climate-related national goals

File: Activists participate in a climate march calling on the government to take action to reduce greenhouse gas emissions to limit the impact of climate change in Tel Aviv, Oct. 28, 2022. (AP Photo/Oded Balilty, File)

Government unveils ’emergency’ economic plan to reduce utility, gas and tax hikes

By Carrie Keller-Lynn

Despite being central election promise, government yet to present comprehensive cost of living plan; PM says triage measures will be like ‘putting sticks in the wheel of inflation’

Prime Minister Benjamin Netanyahu and Minister of Finance Bezalel Smotrich announces plans to reduce the cost of living, at the Prime Minister's Office in Jerusalem, on January 11, 2023. (Olivier Fitoussi/Flash90)

Dozens of people line up outside of 7-Eleven's first store in Israel, at Dizengoff Center in Tel Aviv, January 11, 2023. (Twitter video screenshot: used in accordance with Clause 27a of the Copyright Law)

Israelis flock to taste iconic Slurpee as 7-Eleven opens first store in country

By Michael Horovitz

Store offers self-service experience, promises to launch app soon; company plans to open eight stores in Tel Aviv by end of year, 30 nationwide by 2024

Transportation Minister Miri Regev (right) sits with Israel Railways CEO Michael Maixner (left) and Moshe Shimoni, chairman of the Israel Railways board of directors, in Jerusalem, January 11, 2023. (Transportation Minister's Office)

Regev says Shabbat train work to be reduced, answering Haredi party’s demands

Transportation minister says work planned for Saturdays to be spread across weekdays, though key safety tasks will continue as planned; predecessor decries ‘surrender to blackmail’

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