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ISRAEL AT WAR - DAY 493
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TECH ISRAEL
Updates from Silicon Wadi on
Monday, January 6, 2025
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Explainer
Sharon Wrobel
Experts fear last-minute corporate tax law could have unintended, costly consequences
In a whirlwind action, the Knesset on the last day of 2024 passed a key budget law designed to make changes to the corporate tax regime and collect billions of shekels for the state’s coffers as the government struggles to finance the costs of the ongoing war with the Hamas terror group. The so-called Trapped...
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Central bank sees economy improving but warns of continued geopolitical uncertainty
By
Sharon Wrobel
Bank of Israel holds interest rates at 4.5%, citing rising inflation following January tax hikes, including VAT; governor warns lawmakers against making changes to the 2025 budget
In first, Tel Aviv apartment building turns to solar energy storage for emergency use
By
Sue Surkes
Sunshine for Everyone helps lease rooftop to developers, allowing nine-story building to go off-grid and maintain electricity in common areas during power cuts
Israel to cut travelers’ flight cancellation compensation to woo back foreign airlines
By
Sharon Wrobel
MKs advance measure under which passengers will be entitled only to a refund of ticket cost; government also announces plan to assist airlines operating US flights
Promoted Campaign
Friends of Tzafon Medical Center
Rebuilding Northern Israel with Tzafon Medical Center
Northern Israel has faced unprecedented challenges, but Tzafon Medical Center remains steadfast in its mission to provide world-class medical care for the people of the North.
Inside story
Along with soaring prices, Israel rings in 2025 with economic reforms, but will they work?
By
Sue Surkes
With a few behemoths dominating imports of food, cosmetics and other products, changes are intended to lower costs including by boosting competition; experts have their doubts
Financial blows take effect on January 1, ushering in an expensive 2025 for Israelis
By
Sharon Wrobel
and
ToI Staff
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