Politics
Typography
Prime Minister Benjamin Netanyahu, Finance Minister Yair Lapid, outgoing Governor of the Bank of Israel Prof. Stanley Fischer and incoming Governor of the Bank of Israel Prof. Jacob Frenkel made the following statements today (Monday, 24 June 2013):

Prime Minister Netanyahu: "My friend, the Finance Minister and I decided together on the appointment of Jacob Frenkel as the next Governor of the Bank of Israel. This was a difficult search among excellent candidates. It was not easy to find a successor for Stanley, who did outstanding work. We decided together on Jacob Frenkel because he is an excellent candidate, the best among the candidates, the winner of the Israel Prize for Economics, a highly esteemed governor with wide and deep academic knowledge, and of course, a man who has gained experience in markets and not just at JPMorgan, but also as the head of the G30, which is engaged in the issue, an opinion-setter. I think that Jacob Frenkel can continue the important tradition of monetary stability, of positioning Israel in the front row. He can do this in an outstanding way. I think he is the best candidate, subject of course to the work of the Turkel committee. We will submit his candidacy to the Cabinet as soon as possible so that we will have another outstanding Governor of the Bank of Israel.



Stanley Fischer reminded me of something important. We are in a changing economic reality and we need to adapt ourselves to its challenges. We have been in such a reality. The first time I served as Prime Minister, we made a decision, a decision that Jacob Frenkel very much supported. It had many opponents and the decision was to open the currency markets. You need to imagine a situation in which you could leave only with a fistful of dollars, like Clint Eastwood, and return with a fistful of dollars and be under a bureaucracy that in effect did not allow currency either in or out of the State of Israel.



This was an historic decision, no less, without which it would not be possible to imagine the rapid growth of the Israeli economy. I am pointing this out because today as well we are in a very, very fluid and dynamic reality, not always for the good, and we will need both to enact structural changes in the economy and enjoy monetary stability. These are vital for ensuring our economic future. We will also need to open the markets to China. I asked Jacob, who, by the way, was the first candidate, I said, if Frenkel would come on board it would be the best. But I called him and told him that I was going to China and asked if he had any advice. He gave me very good advice.



We will need to do all these things and I do not think that the Finance Minister and I could have a better partner at this time who will continue the splendid tradition of Stanley Fischer and the Israeli economy than Jacob Frenkel."



Finance Minister Yair Lapid: "A short while after I assumed office as Finance Minister, I held a whole series of consultations who I think are the wisest people in the Israeli economy, of course one of them was Prof. Jacob Frenkel. He came to my home, looked at me and the first thing he said to me was in anger: 'You look tired and that's no good. The Finance Minister cannot be tired. You must sleep as much as you need because otherwise you will not do the work.' I come back to you now with the same advice: You must also sleep as much as you need because you will need to do your work, and part of your work is to be the responsible adult of the Israeli economy. We have one responsible adult to my left and a second and a third and we need to see to it that the economy is in good hands. For eight years it was in the trustworthy hands of Stanley Fischer, about whom there are not enough words, neither from the Prime Minister nor from myself, two talkative enough people, to express the country's gratitude. Now it passes into Frenkel's hands. It is the correct choice. We are pleased with it and we are satisfied with it."



Outgoing Bank of Israel Governor Stanley Fischer: "I am pleased at the choice of Jacob Frenkel as the next Governor of the Bank of Israel. I have known him since he was a student at the University of Chicago. We have been friends for 43 years and consulted on all kinds of issues. He was an exceptional governor, a governor who changed the structure of the financial markets and monetary policy. We are lucky that Jacob accepted the job. He will do everything, he will honor Israel at international meetings and conferences before the world's businesspeople, diplomats, and politicians, and no less important -economists. We have a man who with a track record in more than one job, and I am sure that he will continue to serve Israel and serve the Israeli economy."



Incoming Bank of Israel Governor Jacob Frenkel: "Mr. Prime Minister, my friend the Finance Minister, and my friend and colleague for many years, Prof. Stanley Fischer. I am excited, and I really want to show my gratitude for the great trust expressed in this recommendation for the appointment. It's no secret that I had many reservations, but it's also no secret that when there is a determined prime minister who accepts no other answer than the one he wants, you must not withstand him.



We have a strong economy, which has survived many crises, and not because we were on the right side of the ocean, but because of the economic policies which caused the waves to break before the beaches were flooded. The halting of the storm also reflected the responsible financial policies and the most responsible policy of the Bank of Israel. I am proud to once again enter this institution with regimental pride and to take up this relay race. The dream of every participant in a relay race is to catch the runner ahead of him. It is our luck that the runner from whom I am taking the baton has created for me such a great 'four' that I am taking the system and I will have time to study the material and sleep, and then continue the relay race. My hope is that when the next round comes, the one who sits here will tell the Prime Minister and the Finance Minister, who will apparently be the same people, of his joy at being able to pass the baton, he will be able to say the same thing. And to this I am committed. We have an economy with immense potential. It is possible to move it forward, and with all sincerity, we have amazing things which have been kept secret and the world does not know how many things have been kept secret here.



In summation, Mr. Prime Minister, Finance Minister and outgoing Governor, it is a great honor, a great responsibility and I can only say that I am 1005 committed and I will bring my seven decades of experience and achieving goals.



A last word. We are sitting here as a team and it will not succeed if there is no harmony, cooperation, and mutual understanding. I am sure that we have this understanding on goals and it will be a historic injustice if we do not achieve them in full, and the potential, at least between the members of this orchestra and the conductor, exists."

Prime Minister Benjamin Netanyahu, today (Wednesday, 19 July 2017), held a series of bilateral meetings with the heads of government of the Visegard Group: Czech Prime Minister Bohuslav Sobotka, Polish Prime Minister Beata Szydlo and Slovakian Prime Minister Robert Fico. (Prime Minister Netanyahu met yesterday with Hungarian Prime Minister Viktor Orban.)

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​PM Netanyahu: We face common challenges, the first of which is to defeat the forces of terror that rampage through the world and threaten both our countries. We must stand together in this battle, much as we work together to perfect the future.

Prime Minister Benjamin Netanyahu and his wife Sara, this evening (Tuesday, 4 July 2017), at the Prime Minister's Residence in Jerusalem, hosted Indian Prime Minister Narendra Modi.

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The EU Delegation in Israel and the Municipality of Tel-Aviv-Yafo presented:  Performance Europa!
Urban celebration of live performances and interactive installations
Tel Aviv’s White Night ,Rothschild 1 Plaza, 29 June 

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Over 60 leading women from across the world joined together last month for a panel discussion showcasing Israeli females in the lead.
Organized by The Israel Project (TIP) and the Embassy of Cyprus in Israel, the event served as a platform to discuss and understand the challenges and opportunities facing women in Israeli society in the modern age.
Among the panelists were popular journalist Judy Shalom Nir-Mozes. Former IDF commander Miri Eisin and Israeli Olympic athlete Maayan Davidovich.

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Prime Minister Benjamin Netanyahu, Greek Prime Minister Alexis Tsipras and Cypriot President Nicos Anastasiades, today (Thursday, 15 June 2017), in Thessaloniki, at the third trilateral summit, signed joint statements for the continued strengthening of relations.

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A senior delegation from Tanzania, headed by Dr. Aloyce Nzuki, Permanent Secretary Ministry for Natural Resources and Tourism, arrived in Israel for a series of meetings and events designed to increase cooperation with the Israeli tourist industry, and encourage Israeli tourism and investments to enchanted, exotic Tanzania.

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At a festive ceremony attended by Minister of Education Naftali Bennett, the Lauder Dormitory Building was inaugurated today at the Technion
state of the art building was donated to the Technion by World Jewish Congress President Ronald Lauder and his wife Jo Carole

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09 June 2017 – Jerusalem) The U.S. Permanent Representative of the United States to the United Nations Nikki Haley visited Yad Vashem today. The Ambassador was guided through the Holocaust History Museum by Dr. Robert Rozett, Director of Yad Vashem Libraries, participated in a memorial ceremony in the Hall of Remembrance, visited the Children's Memorial and signed the Yad Vashem Guest Book.

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President Reuven Rivlin today (Wednesday) met at his residence in Jerusalem with United States Permanent Representative to the United Nations, Ambassador Nikki R. Haley.

President Rivlin welcomed her and said, “You are a dear friend of Israel. We appreciate your strong stand on the world’s most important stage, in support of the security of the people and the State of Israel. With your support we see the beginning of a new era. Israel is no longer alone at the UN. Israel is no longer the UN’s punching bag.”

He continued, “When I spoke at the UN on Holocaust Memorial Day, I said that the UN must learn from the lessons of the past, and stand up against hatred and racism. I said it must end its obsession with targeting Israel. Progress has been made. Israel’s standing at the UN has improved. But sadly, we have a long way to go. Both in holding to account, public statements made by officials, and in supporting regulation to reduce the ridiculous number of discussions and resolutions against Israel. This is also true in the Human Rights Council - which has been hijacked as a weapon against Israel - and in UNESCO, where they seek to rub out the history of the Jewish people.”

The President thanked the Ambassador for her great contribution to the State of Israel, and said, “Ambassador Haley, as the representative the US - Israel’s greatest and strongest ally - we appreciate very much your support of Israel, and all you do to stand up for the values of freedom and democracy which we share. Welcome to Israel, welcome to Jerusalem.”

Ambassador Haley thanked the President for his warm welcome and said, “Thank you Mr. President for taking the time to meet with us, it is an absolute thrill to be here in Israel, I so much appreciate the support we have received from the people of Israel. But I feel somewhat guilty because all I did at the United Nations was tell the truth. I have never taken kindly to bullies, and the UN has bullied Israel for a very long time, and we are not going to let that happen anymore. It is a new day for Israel in the United Nations. We just got back from Geneva, talking about the Human Rights Council and hopefully it will be a new day at the Human Rights Council when it comes to Israel.”

She concluded by saying she was greatly looking forward to her visit to Israel and said, “I am looking forward to taking in the history, the beauty, the tradition, and all that comes with the magic of Israel. Thank you very much for having me it is a pleasure to be here.”

Photo credit: Mark Neiman (GPO)

Friday was a beautiful late spring day; the gardens were lovely, the weather was fine; the guests were elegantly attired; the refreshments were generous and delicious; all the makings of a happy celebration marking the National Day of Sweden. H.E. Carl Magnus Nesser, ambassador of Sweden to the State of Israel, hosted the event at the ambassadorial residence in Herzlia Pituach.

The event was attended by many Swedish nationals living in Israel; Swedish music, Swedish food, Swedish sponsors and a generous open bar – all the makings of a happy event.

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A fundamentally agricultural holiday, Shavuot commemorates the custom of bringing offerings to the Holy Temple from the first fruits of the harvest and the first animals born to the flocks.

Shavuot, the Holiday of Weeks, is one of the three pilgrimage holidays, along with Pesach and Sukkot. These are the holidays on which the whole Jewish people would come to Jerusalem​ in ancient times, when the Holy Temple was there, and would offer animal and grain sacrifices.

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Tel Aviv Eat presents three evenings of tastings and workshops featuring the region’s leading restaurants and most prominent chefs. Entrance is free (including the chefs’ demonstrations), and tasting portions range in price from NIS 20-35. Doors open each evening at 18.00. There are several performance stages, live music, and stands selling beer.

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"Only when we remember the families who were torn apart from everyone they loved, who suffered that terrible darkness and evil, who had endured the unbearable horror of the Holocaust, only then can we prevent this agony from ever repeating." President Donald J. Trump

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The Charles Bronfman Auditorium at Habima Square is one of the centerpieces of the Israeli arts and cultural scene, home to the Israel Philharmonic for the last 60 years. On Friday, May 19th, it was home to yet another historic event, with the dedication of the entrance hall to Miri Shitrit of blessed memory.

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President Reuven and First Lady Nechama Rivlin today, (Monday), welcomed President of the United States Donald J. Trump, and First Lady Melania Trump on arrival at Ben-Gurion International Airport, and then at the President’s Residence in Jerusalem.

On his arrival at the President’s Residence, President Trump signed the official guest book and wrote, “It is such a great honor to be in Israel and be with all of my great friends”.

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Currency Exchange Rate

MARKET MOVERS

NMS : YHOO - 01 Jan,
+0.00 (+0.00%) After Hours:
Open Mktcap
High 52wk Hight 57.39
Low 52wk Low 35.05
Vol 0 Avg Vol 19.80M
Eps 0.71 P/e
Currency:

Alphabet Inc.

NMS : GOOG - 27 Jul, 4:00pm
934.09
-13.71 (-1.45%) After Hours:
Open 951.78 Mktcap 646.15B
High 951.78 52wk Hight 988.25
Low 920.00 52wk Low 727.54
Vol 3.21M Avg Vol 1.76M
Eps 31.00 P/e 31.56
Currency: USD

Apple Inc.

NMS : AAPL - 27 Jul, 4:00pm
150.56
-2.90 (-1.89%) After Hours:
Open 153.75 Mktcap 785.00B
High 153.99 52wk Hight 156.65
Low 147.30 52wk Low 96.42
Vol 32.48M Avg Vol 27.68M
Eps 8.89 P/e 17.66
Currency: USD

Weather

Jerusalem Israel Blustery, 32 °C
Current Conditions
Sunrise: 5:53 am   |   Sunset: 7:38 pm
34%     11.2 m/s     31.384 atm
Forecast
Fri Low: 21 °C High: 33 °C
Sat Low: 19 °C High: 30 °C
Sun Low: 17 °C High: 31 °C
Mon Low: 20 °C High: 36 °C
Tue Low: 21 °C High: 33 °C
Wed Low: 21 °C High: 33 °C
Thu Low: 21 °C High: 31 °C
Fri Low: 20 °C High: 30 °C
Sat Low: 19 °C High: 30 °C
Sun Low: 20 °C High: 31 °C

MARKET MOVERS article

NMS : YHOO - 01 Jan,
+0.00 (+0.00%) After Hours:
Open Mktcap
High 52wk Hight 57.39
Low 52wk Low 35.05
Vol 0 Avg Vol 19.80M
Eps 0.71 P/e
Currency:

Alphabet Inc.

NMS : GOOG - 27 Jul, 4:00pm
934.09
-13.71 (-1.45%) After Hours:
Open 951.78 Mktcap 646.15B
High 951.78 52wk Hight 988.25
Low 920.00 52wk Low 727.54
Vol 3.21M Avg Vol 1.76M
Eps 31.00 P/e 31.56
Currency: USD

Apple Inc.

NMS : AAPL - 27 Jul, 4:00pm
150.56
-2.90 (-1.89%) After Hours:
Open 153.75 Mktcap 785.00B
High 153.99 52wk Hight 156.65
Low 147.30 52wk Low 96.42
Vol 32.48M Avg Vol 27.68M
Eps 8.89 P/e 17.66
Currency: USD