Israel Active

French corporation Carrefour has signed an agreement to gradually convert over 150 branches of the Yeinot Bitan supermarket chain to Carrefour branches. Its franchise is for a minimum of 20 years. Carrefour is the largest international retailer to enter Israel.

The Israel Airports Authority (IAA) estimates that 1.5 million passengers will pass through Ben Gurion airport around the time of the Passover holiday in April. It will certainly be the busiest holiday season for two years, as the tourist industry recovers from the impact of the Covid pandemic.

Finland’s defense ministry has decided to purchase defense systems from one of two Israeli companies, either Israel Aerospace Industries or Rafael Advanced Systems. Both companies beat competition from Germany, Norway, and the UK. Finland wants to protect its long border with Russia.

A delegation of more than 100 senior Turkish businesspeople arrived in Tel Aviv for meetings with their Israeli counterparts. During the visit, the Turkish Exporters Assembly signed a cooperation agreement with Israel's Federation of International Chambers of Commerce.

UK business information organization Small Business Prices found that in 2020, Israeli employees took an average of 3.9 sick days from work due to illness – the lowest of the 28 countries analyzed, suggesting a strong work ethic. The UK was 2nd (4.4 days) and Germany last (16.3 days).

Israeli homebuilding tech company Veev (see previously) has just raised $400 million at a valuation of over $1 billion.

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Israeli fintech startup Finaro, formerly known as , has been acquired by US payments company Shift4 for $575 million.

When the founders of Israel’s nSure.ai started their previous company, they were pleased with initial sales, only to find that 40% involved fraudulent credit cards. Exiting approval systems were ineffective, so they so they decided to solve the problem by building their own.

Israel’s Nutritional Growth Solutions (see previously has announced that US giant retailer Walmart will sell NGS’s Healthy Heights line of children’s growth-support protein shakes on its on-line platform. They will also be available via the RangeMe online marketplace.