Economy

The Central Bureau of Statistics published a host of economic indicators indicating that at the current pace inflation could be as high as 5.2% in 2022.

Bilateral trade between Israel and Turkey amounted to $7.7 billion in 2021.

In 2021-2022, Jerusalem Venture Partners led funding rounds totaling more than $1.5 billion for its portfolio companies.

Economy Minister Orna Barbivai is confident that the competition reforms she promoted to lower the cost of living are bound to benefit Israeli consumers.

The government has set a national objective of increasing the rate of people employed in high-tech roles to 15% by 2026.

"TopGum is further proof that Israeli innovation doesn't end with high-tech and cyber, and can also be found on the assembly lines and outside of Tel Aviv," says the head of the ministry's Investment and Development Authority, Shlomo Attias.

Existing trade deal is based on old European Union agreement that does not include specific provisions on services, Britain says.

"We are determined not to let [inflation] get into the ranges [seen] in Europe and the United States, and more than that, to return it during 2023 to the target," says Bank of Israel Governor Amir Yaron.