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Tech Israel
Daily Updates from Silicon Wadi for
Monday, February 20, 2023
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Battling inflation, Bank of Israel hikes interest rates to 4.25%, highest since 2008
By
Sharon Wrobel
Central bank lifts borrowing costs by 50 basis points citing inflation above 5%, shekel depreciation and concerns about fiscal expansion and wages
Top venture capital fund calls on its companies to move most cash out of Israel
By
Harry Roper
Citing judicial overhaul and illiberal policies, Bessemer Venture Partners warns of a ‘new era of instability’ ushered in by an ‘unrestrained government’
Tour operators urge Finance Ministry to keep VAT waiver for tourists
By
Stuart Winer
Tourism Industry Coordinating Office sends letter warning that ending waiver would be ‘damaging and irreversible’ to industry, economy and Israel’s international image
Senior Boeing official in Israel to push sale of advanced F-15 jets for Iran strike
By
Emanuel Fabian
Environmental groups to press for rehabilitation of Jordan River, Dead Sea
By
Sue Surkes
Coalition will monitor Dead Sea mining franchise renewal, push government to release more water into Jordan River from Sea of Galilee
Ministries of environment, interior squabble over multi-billion-shekel waste fund
By
Sue Surkes
Interior Ministry says takeover of fund for waste management was part of coalition deal; Environment Ministry insists bid not based on any professional considerations
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