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Tech Israel
Daily Updates from Silicon Wadi for
Tuesday, May 16, 2023
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Finance Ministry cuts economic growth forecasts as tax revenue and investments cool
By
Sharon Wrobel
Treasury revises 2023 growth forecast down to 2.7% from 3% as economic slowdown will lower tax revenue this year by NIS 5.3b; sees judicial uncertainty affecting foreign investment
Knesset Finance Committee okays 2023-24 budget, sends it to plenum for final votes
By
ToI Staff
Lapid: Use NIS 13.7b in discretionary budget funds to lower VAT, offer job training
By
Carrie Keller-Lynn
Coalition budget funds allocate millions for commemorating rabbis, ‘family purity’
By
ToI Staff
25% of tech firms plan layoffs after demand for workers halved in 2022 — report
By
Sharon Wrobel
New survey shows 17,000 open positions in high-tech industry at end of last year, down from 32,900; warns global recovery could bypass Israel if political uncertainty continues
Promoted Content
Volvo makes strategic investment in Israeli driver safety startup
European car giant bets big on Jerusalem-based CorrActions to boost driver monitoring
South Korea’s booking app Yanolja to buy Israeli travel tech outfit Go Global Travel
By
Sharon Wrobel
Softbank-backed Yanolja is acquiring Bnei Brak-based firm from Mid-Market Israel (AMI) Opportunities Fund to expand globally and become one of the largest travel solution platforms
Jewelry marred by links to Nazis fetches over $200 million at Christie’s auction
By
AFP
Auction house finishes round of sales from so-called Horten collection after rebuffing calls by Jewish groups to suspend it
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