Another $5 billion of reserves
Israel’s foreign exchange reserves at the end of June 2020 were over $147 billion, an increase of over $4.8 billion on their level at the end of May 2020.
A new trade deal with Romania every two weeks
In 2019, 26 trade deals were struck between Israeli and Romanian firms and agencies. And in one week in June 2020 Israel’s Romania mission held virtual programs on cyber and homeland security, an online oncology clinic, chronic disease programs and an agriculture event.
And we’re hiring
There should be no reason for Israeli hi-tech workers to be unemployed. This article gives details of dozens of Israeli companies who are actively recruiting skilled staff.
Jerusalem & Tel Aviv are joint top 6 ecosystems
The 2020 Startup Genome Ecosystem report has listed Tel Aviv and Jerusalem as the sixth most attractive ecosystem for startups and innovation.
Surge in on-line e-commerce
Israeli e-commerce startup Global-e Online Ltd. has raised $60 million to help expand the technological solutions it provides to international e-commerce websites. It comes on the heels of a significant increase in global online commerce, in part because of the coronavirus pandemic.
How to Gett ahead during the pandemic
Israel’s Gett has managed to compensate for the loss of private and business transportation due to Covid-19. It has maintained its income level by capturing a large share of the delivery business.
Everyone will work from home
Israel’s LivePerson surveyed its 1,300 employees and the vast majority said they preferred to work from home. So LivePerson has adopted a full work from home (WFH) model until a vaccine to Covid-19 is found. It will now forgo its office real-estate rentals, saving it $12-15 million a year.
Companies snap up available talent
The Covid-19 pandemic has resulted in many skilled Israeli hi-tech employees being made redundant. This has encouraged many Israeli companies to actively recruit the newly available skilled staff. Before the current crisis there was a shortage of some 15,000 IT employees in Israel.
Funds raised by Israeli startups
Artlist ;
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Codefresh ;
;
Simply Speak ;
Hunters Cybersecurity ;
Upsolver ;
Spike ;
Global-e Online ;
InterCure ;
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InnoCan ;
Curv ;
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Music to make videos with
Israel’s Artlist develops and offers content, including video, photos, music, and sound effects to content creators, who pay through monthly subscriptions. This media can then be used in videos and video games without worrying about copyright or other legal issues.