New NIS 5 Million Program to Aid Development of Social Enterprises Employing Target Populations

Program will be operated by the Small and Medium Business Agency in the Ministry of Economy

Will aid the development of social enterprises that employ people with disabilities, youth-at-risk and others, by contributing to their salaries up to NIS 200,000 per company

 

Minimum pre-condition for aid:  At least 20% of employees belong to prioritized   population sectors, or 30% for smaller businesses

 

Jerusalem, July 9, 2015 – The Small and Medium Business Agency at the Ministry of Economy is launching a pilot program to help social enterprises cope with the high costs involved in employing prioritized populations. The program aid will be given as participation in the costs borne by the company to employ workers from prioritized populations, for employment advancement. For 2015, the program budget is NIS 5 million.

 

The employees at the social enterprise will be directly employed by the company. The aid will be given to social enterprises as participation in the salaries of the qualifying employees, up to a fixed ceiling of NIS 200,000 per business per year, in accordance with the following participation rates: during the first year, 50% of salaries for qualifying employees; during the second year of participation in the program, a sum equal to 40% of the actual salaries of qualifying employees.

 

Minister of Economy Aryeh Deri: “Disadvantaged populations must be integrated into the economy and society. Today, the most disadvantaged people must struggle twice – first with their problematic point of departure, and then with being stigmatized by society. I have made the commitment to concern myself with them, and that means not only cutting prices or increasing benefits, but also properly integrating them into the labor market. I have good news for social enterprises that are not only looking at company profits but also at their contribution to the community and Israeli society as a whole. As part of the program, social enterprises that employ at least 5 employees from the prioritized population may submit a request and possibly receive government participation in funding the salaries of employees from prioritized populations, up to a ceiling of NIS 200,000 per business per year.”

 

Director of the Small and Medium Business Agency Ran Kiviti: A ‘social enterprise’ is any business with activity focusing on commercial activity, whether in an NPO or a company for public benefit working to advance and realize social goals, and commercial companies with activity directed at realizing social goals with activity to realize social goals or employ prioritized populations, such as people with disabilities and youth-at-risk.

 

The program is based on decisions made by the economic round table, headed by the prime minister, and withthe participation of the business and third sectors.

 

So which businesses fit the program?


1. A company that has been employing 5 workers from prioritized populations for at least a year, with a minimal number of weekly hours.


2. A company with up to 51 employees – with at least 30% of its workers meeting the definition of “prioritized populations”.


3. A company employing from 51-100 employees – with at least 25% of its workers from prioritized populations.


4. A company employing over 100 employees – with at least 20% of its workers from prioritized populations (if its annual business cycle is up to NIS 100 million).

 

 

 

 

 

 

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MINISTRY OF ECONOMY SIGNS COOPERATION AGREEMENT WITH LATIN AMERICA'S INTER-AMERICAN DEVELOPMENT BANK

 

Chief Scientist at the Israeli Ministry of Economy, Avi Hasson, signed a cooperation agreement with the Inter-American Development Bank (IDB) - the largest investment authority in Latin America and the Caribbean Islands * The bank funds projects in Latin American and Caribbean countries at an annual rate of $12 billion * The agreement will open new business opportunities for Israeli companies in Latin America

 

**
Israeli Minister of Economy Aryeh Deri: "Diversifying destination markets is a national endeavor for the State of Israel. In the world of new developing markets it is crucial for Israel to succeed. The agreement is an important step for promoting economic relations, for opening new business opportunities and for increasing Israeli exports. The State of Israel must diversify its export destinations and economic activity all around the world."

 

Avi Hasson, Chief Scientist at the Israeli Ministry of Economy: "The Chief Scientist's activity in the area focuses on creating opportunities to effectively commercialize innovative solutions adapted to Latin American markets. Implementing the agreement will give Israeli companies access to partners in R&D and trade in the region."

 

**

JERUSALEM – 29th June 2015. Chief Scientist at the Israeli Ministry of Economy Avi Hasson signed a cooperation agreement with the Inter-American Development Bank (IDB) recently. The agreement will open new business opportunities for Israeli companies in Latin America.

 

The Inter-American Development Bank is the largest investment authority in Latin America and the Caribbean Islands. There are 48 member states in the bank, including Israel. The bank funds projects in Latin America and the Caribbean Islands to the tune of $12 billion annually.

 

The agreement was signed in line with the government's policy to strengthen trade relations with Latin American countries. The government authorized the Chief Scientist to sign the agreement with IDB, realizing that this institution will open opportunities for Israeli companies on the continent.

 

Several weeks ago the Office of the Chief Scientist at the Israeli Ministry of Economy, MATIMOP (the international branch of the Office of the Chief Scientist on R&D) and the Foreign Trade Administration hosted a delegation of senior officials from the bank, who made a first visit to Israel to discuss with the chief scientist opportunities for involving Israeli companies in projects funded by the bank.

 

Among the concepts discussed: Establishing a joint $5 million fund for subsidizing innovative projects involving Israeli companies in Latin America, assistance from the bank in making Israeli technologies accessible to organizations in Latin American countries, helping Israeli companies get involved in development programs that are funded by the bank and funding industrial R&D cooperation with a joint budget from the bank and the Latin American countries with which the Chief Scientist has signed bilateral agreements.

 

The new agreement constitutes a significant step toward upgrading the Chief Scientist at MATIMOP's activity in the Americas, a process which started two years ago. Cooperation programs with the Americas are run with the assistance and coordination of the Foreign Trade Administration at the Israeli Ministry of Economy, the trade attachés in Latin American countries, the Foreign Ministry and embassies, and of course, local partners in the various countries in which activities take place.

 

The Chief Scientist at the Israeli Ministry of Economy has recently announced that a program for subsidizing the adaptation of products to all Latin American countries will be expanded; the program gives Israeli companies the possibility to receive grants from the Chief Scientist for the purpose of adapting existing products to the demands of the Latin American market (including establishing pilot programs, adaptation to local regulations, reducing manufacturing costs etc.)

 

Israeli Ministry of Economy data shows that Israeli exports to Latin America in 2014 stood at $2.53 billion (excluding diamonds). The field of machines and mechanical devices was leading the export branch with 39.7% of all exports, followed by chemicals (20.1%), then plastics and rubber (6.3%). Brazil is Israel's main export destination in Latin America: In 2014 exports reached $915 million, totaling 36.1% of all Israeli exports to this region. Mexico, Costa Rica, Colombia and Chile are the next most significant export destinations after Brazil.

 

Israel's network of trade agreements with Latin America

 

Mercosur
Israel's trade agreement with countries which are members of the South American joint market (Mercosur) went into effect on June 1 2010 (Brazil, Uruguay, Paraguay), and on September 9 2011 with Argentina. Israel is the only country outside Latin America that enjoys a free trade agreement with Mercosur states. Since the agreement became effective, two conferences took place where senior officials from both sides participated and discussed increasing trade. Another conference is expected this year.

 

Mexico
On July 1 2000 a free trade agreement between Israel and Mexico entered into effect. The agreement promises fair competition for Israeli exporters, mainly against competing exporters from the US, who enjoy free access to the Mexican market due to the NAFTA (North American Free Trade Agreement, involving the US, Canada and Mexico).

 

Inter alia, the agreement between Israel and Mexico regulates competition and the rules for resolving disputes. A joint commission was established to oversee the implementation and promotion of the agreement and joint committees of experts were established on source regulations, customs procedures and other issues pertaining to bilateral trade. A joint conference is expected to take place this year.

 

Colombia
Negotiations between Israel and Colombia on free bilateral trade were concluded in September 2013 and confirmed shortly thereafter by the Israeli government. An agreement is now pending approval by the Colombian government and will then enter into effect.

 

Panama
A negotiation on free trade between the two countries is currently underway. In July, the third round of talks is expected to take place in Israel. Another fourth round will take place before the agreement is finalized.

 

 

 

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ECONOMY MINISTER AND CHINESE AMBASSADOR MEET TO DISCUSS ISRAELI-CHINESE FREE TRADE ZONE

 

[JERUSALEM – 7th July 2015] Economy Minister and Negev and Galilee Development Minister Aryeh Machluf Deri met yesterday (Monday, 6 July 2015), for the first time, in his Jerusalem office, with Chinese Ambassador to Israel Zhan Yongxin. The two discussed - inter alia - the establishment of a free trade zone between Israel and China.

 

Minister Deri stressed Israel's desire to establish such a zone. The Chinese Ambassador reiterated China's commitment to begin negotiations for an agreement, as first announced by Chinese Prime Minister Li Keqiang in March in his report to the National People's Congress.

 

Both sides stressed their mutual desire to strengthen ties and expand Chinese investments in Israel, which have thus far reached $6 billion. They also agreed that a free trade zone agreement would raise bilateral ties to a new level and bring real economic benefit to both sides.

 

Minister Deri said, "The Israeli Ministry of Economy concentrates efforts to promote and expand the trade ties between the two countries and to this end operates various tools to support Israeli companies doing business in China, such as dedicated funds for projects in the People's Republic of China, supporting incoming and outgoing delegations and of course, our trade attachés posted across China."

 

The Economy Ministry Foreign Trade Administration, which is expected to lead the negotiations for a free trade zone agreement with China, is making preparations for the talks and is consulting trade and industry officials regarding Israel's specific interests in the negotiations.

 

The Foreign Trade Administration operates five trade attachés across China - two in Beijing - including one who focuses on policy and regulation, one in Guangzhou, one in Shanghai and one in Hong Kong. This number is identical to the number of attachés in the United States and the goal is to continue expanding the distribution of trade missions in China.

 

 Photo  : Chinese Ambassador to Israel Zhan Yongxin  . Photo provided by Ministry of Economy

 

 

 

 

 

 

 

 

 

 

 

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Israel and Germany signed an agreement this week for the purchase of four corvettes for the Israeli Navy * German Delegation to Israel – including naval officers, senior Defense Ministry officials and representatives of ship manufacturer TKMS – ThyssenKrupp – arrived in Israel for signing ceremony * As part of deal, TKMS made commitment with Division for Foreign Investment and Industrial Cooperation at The Israeli Ministry of Economy for reciprocal purchasing, including direct investment in Israeli industry of NIS 700 million

 

JERUSALEM – 12th May 2015 – ThyssenKrupp is a multi-disciplinary concern in the metal production sector. The group produces metal (40%), parts for the auto industry, establishes chemical plants, manages the TKMS shipyard and is involved in other activities. The company employs 160,000 people around the world, 60% of them outside Germany. The company's revenue for 2014 stood at €40 billion. The company invests about €1 billion annually in R&D, half in projects outside Germany.

 

In 2006, the Israeli government signed a deal with the German manufacturer to purchase dolphin-type submarines. Following the transaction, TKMS committed to a reciprocal purchasing agreement worth 40% of the Israeli financing in the deal, totaling NIS 1.8 billion (reciprocal purchasing worth NIS 740 million). An examination by the Division for Foreign Investment and Industrial Cooperation at The Israeli Ministry Of Economy showed that until now, the company has not fully realized this commitment.

 

In light of this, the division demanded - even at early stages of the negotiations - to discuss widening the company’s reciprocal purchasing agreements and its future commitments in the framework of the new deal.

 

Director of the Division for Foreign Investment and Industrial Cooperation at The Israeli Ministry Of Economy, Ms. Ziva Eger, was determined to fully realize the existing commitment, to create a larger commitment from the company for reciprocal purchasing in Israel and to redirect some of the commitment expressly toward direct investment in Israeli industry. This, to maximize the gain for the Israeli economy and the local labor market.

 

As part of the outline agreement with the company, the following was achieved:

 

* TKMS committed to a reciprocal purchasing agreement worth 50% of the new deal - c. NIS 700 million; this in comparison to the previous commitment in which reciprocal purchasing agreement stood at 40%.

 

* The Division for Foreign Investment and Industrial Cooperationand TKMS will jointly examine the viability of jointly investing in research and development, establishing a manufacturing facility and converting some of the reciprocal purchasing commitment to capital investment; this in comparison to the previous deal in which TKMS committed to a reciprocal purchasing agreement only.

 

Director of the Division for Foreign Investment and Industrial Cooperation at The Israeli Ministry Of Economy, Ms. Ziva Eger said: "The Israeli Ministry of Economy, with the backing and cooperation of the Israeli Ministry of Defense and the Israeli Navy, managed to bring to the negotiating table a draft that turns defense acquisitions into cooperative ventures and economic development. Expanding the economic activity of TKMS in Israel is a breakthrough in trade, economic and research cooperation between the countries. We operate according to the policy set by the ministry to encourage small and medium-sized factories and to strengthen Israel’s peripheral communities. The cooperation with TKMS is an example of the importance of reciprocal purchasing agreements for the Israeli economy."

 

Director General of the Israeli Ministry of Economy, Mr. Amit Lang said: "The Israeli expenditure on national security injects money into Israeli industry. We have begun a move that turns a standing commitment into direct investment in Israeli industry, based on a detailed plan with a set timetable. This is excellent news for Israeli industry and for the Israeli job market. It also shines a positive light on Israel's economic and security cooperation with Germany, countries marking 50 years of diplomatic relations this year."

 

 

 

 

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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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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)

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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 Add a comment

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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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  Prime Minister Benjamin Netanyahu and his wife Sara, today (Monday, 22 May 2017), at Ben-Gurion International Airport, welcomed US President Donald Trump and his wife Melania with an honor guard.

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The EU Commissioner for Research, Science and Innovation, Carlos Moedas, met Prime Minister Benjamin Netanyahu, Minister of Economy and Industry Eli Cohen, on 17 May to discuss Israel's
successful participation in Horizon 2020, European Union's research and innovation funding programme.

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On the eve of the Shavuot holiday, the Society for the Promotion of Tourism in Herzliya, in conjunction with the Grape Man, is hosting the White Summer White Wine Festival at the Herzliya Marina. The largest white wine festival in Israel will take place on the plaza of the marina on Wednesday and Thursday, May 24-25, 2017.

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President Reuven Rivlin this morning (Wednesday), met at his residence in Jerusalem with a delegation visiting Israel, made up of Jordanian sheikhs representing different tribes from across Jordanian society, from Irbid, Zarqa, and Amman. Also participating in the meeting were senior members of the, Middle East Department, of the Israeli Ministry of Foreign Affairs.

The delegation of sheikhs were visiting Israel for five days, during which they met with different faces from across Israeli society, deepening the understanding between the peoples.

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Just across the Ayalon Freeway from the Azrieli Center, in a mixed residential and office neighborhood, is a bistro barely one year old that is already making a name for itself.

In the words of chef-owner Daniella Berneman Fleishman herself, “On the border of Tel Aviv and Givatayim, I have opened a place that is the realization of a dream, combining my passion for hosting and love of food, where delicious food is served in a an atmosphere of home hospitality.”

Daniella has become popular with diverse audiences: workers from the adjacent office buildings during the day, families in the evening, and young people late at night. Parking on weekdays is only in paid parking garages, but there is plenty of free parking on evenings and weekends.

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The Archbishop of Canterbury, Justin Welby, visited the Peres Center for Peace and Innovation and met with Chemi Peres on Thursday (11.5) to promote interfaith relations and hear from Young Ambassadors for Peace

The Most Reverend Welby said: "Shimon Peres always supported and worked for peace initiatives. I am glad that we have people like you – Christian, Muslim, and Jewish, Palestinian and Israeli – who continue in this vision. We need you. You are our future. I will support you."

Chemi Peres: "You young people must not wait for an end to the conflict, but must trust yourselves and work together to move us forward."

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MARKET MOVERS article

NMS : YHOO - 01 Jan,
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Open Mktcap
High 52wk Hight
Low 52wk Low
Vol 0 Avg Vol
Eps 0.71 P/e
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Alphabet Inc.

NMS : GOOG - 26 Jun, 4:00pm
952.27
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Open 969.90 Mktcap 658.73B
High 973.31 52wk Hight 988.25
Low 950.79 52wk Low 663.28
Vol 1.60M Avg Vol 1.60M
Eps 33.91 P/e 32.18
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NMS : AAPL - 26 Jun, 4:00pm
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High 148.28 52wk Hight 156.65
Low 145.38 52wk Low 91.50
Vol 25.69M Avg Vol 27.24M
Eps 8.94 P/e 17.11
Currency: USD