Monthly Archives: March 2019

Elbit’s $3.68 billion revenue

Total 2018 earnings for Israeli hi-tech giant Elbit were a massive $3.68 billion – 9% higher than in 2017. Elbit also revealed that it has $9.4 billion worth of orders in the pipeline. http://ir.elbitsystems.com/news-releases/news-release-details/elbit-systems-reports-fourth-quarter-and-full-year-2018-results

Posted in Economy & Business | Leave a comment

Kibbutzim to share electric cars

Meshek Energy, an agricultural cooperative society owned by Israeli kibbutzim, has acquired dozens of electric cars. They will be stationed in several dozen kibbutzim and will be used as shared vehicles. Meshek Energy will set up and operate car charging … Continue reading

Posted in Economy & Business | Leave a comment

How businesses reclaim VAT on expenses

There are also at least two Israeli solutions for companies who get lost in the nightmare of extracting the VAT they are entitled to on business expenses. VATBox is one automated solution for VAT recovery. Alternatively use Israel’s Way2VAT and … Continue reading

Posted in Economy & Business | Leave a comment

How to get VAT refunded

Itai Green writes how Israeli startups can save tourists and businesses a fortune. I reported previously (10th Feb) that Israel’s Refundit won the UN’s World Tourism Organization competition. Here is how Refundit could return VAT charges of up to 23 … Continue reading

Posted in Economy & Business | Leave a comment

Keeping Italian police from danger

I reported previously (see here) on Israel’s Roboteam and its tactical robots. Roboteam has just won a $10 million order to supply 40 TIGR ground robotic systems to Italy’s Carabinieri (police). They are designed to handle suspicious packages and hazardous … Continue reading

Posted in Economy & Business | Leave a comment

BMW to open Israel Tech Center

I reported previously (see here) on the links that German carmaker BMW has with Israel. Now, BMW is opening a Tel Aviv tech center to tap into the talent in Israel’s startup scene. It will also set up joint research … Continue reading

Posted in Economy & Business | Leave a comment

SAP launches Tel Aviv accelerator

I’ve reported previously (see here) on the close ties that German software giant SAP has with the Jewish State. SAP has now announced its first Israeli accelerator in Tel Aviv. SAP.IO Foundry will support up to 10 early stage Israeli … Continue reading

Posted in Economy & Business | Leave a comment

Warren Buffet’s company partners Israeli startup

A subsidiary of Warren Buffet’s Berkshire Hathaway, Guard Insurance, has partnered with Israeli startup Planck Resolution to develop a full digital underwriting offering. Planck develops software that helps insurance companies analyze and risk-assess businesses. https://www.calcalistech.com/ctech/articles/0,7340,L-3758012,00.html

Posted in Economy & Business | Leave a comment

Jerusalem Expo

The “Jerusalem Expo and Conference,” hosted by the Orthodox Jewish Chamber of Commerce – Israel Division, will take place on 15th May. It is aimed at Israeli residents from North America, Europe, South Africa and other English-speaking countries who want … Continue reading

Posted in Economy & Business | Leave a comment

Turkish Airlines to connect Tel Aviv and Izmir

Turkey’s President Erdogan may not like Israel, but his national airline wants Israeli customers. Turkish Airlines is launching a new four-flights-per-week service between Tel Aviv’s Ben Gurion International and Izmir’s Adnan Menderes airport, commencing 29th May. https://www.calcalistech.com/ctech/articles/0,7340,L-3758426,00.html

Posted in Economy & Business | Leave a comment