How Teva benefits the world’s economy
This article describes the contribution that Israel’s Teva makes to GDP and employment in 19 of the 60 countries that it operates in. It is in addition to the medical benefits and the world’s largest generic medicine manufacturer’s role in keeping personal and national treatment costs down. It saved the US Healthcare system $41 billion in 2018 and contributed some $15 billion to US GDP.
Air defense radar for Czech Republic
ELTA Systems, a subsidiary of Israel Aerospace Industries, has been awarded a $125 million contract to supply an “Iron Dome” radar defense system to the Czech Republic. The deal strengthens Israeli-Czech relations and those with other NATO countries.
Israir’s new direct flights
Israeli carrier Israir Airlines is to launch a new weekly route from Tel Aviv to the Armenian capital, Yerevan. It also plans to launch seasonal routes from Tel Aviv to Palma de Mallorca in Spain and the Latvian capital Riga.
Tech exits increase by 72%
The total value in 2019 of the 138 Israeli tech firms exits (take-overs, mergers and IPOs) was $21.74 billion – 72% higher than in 2018.
A thriving 1st-world economy in a 3rd-world sea
Israel possesses assets and innovations that can solve many of the problems that plague its Arab neighbors. If peace can possibly be achieved between Israel and the Arab world, the potential for mutually beneficial, practical and economic relationships is huge.
Israel’s economic surge
Ambassador Ettinger highlights Israeli growth since 2000 includes GDP (+206%); exports (+149%) and foreign reserves (+396%). 60% of women are now in the workforce (+25%); university students (+351%); and tourists (+108%). But debt per GDP was down 24.7% and US aid per GDP down 57%.
Direct flights from Siberia
Russia's second-largest airline S7 Airlines is to begin direct flights between Tel Aviv's Ben Gurion International Airport and Novosibirsk, Siberia. Apparently, half of Russian visitors to Israel come from near Siberia and previously had to fly through Moscow. S7 begins the new service on 2nd Apr.
Another connected car connection
As reported previously Israeli connected car data company Otonomo has partnered Daimler/Mercedes, Skoda, Jaguar/Land Rover and Avis. Now, it is to provide Mitsubishi Motors with parking apps, smart electric vehicle charging, mapping etc. from over 100 companies.
Multinationals benefit Israeli economy
The 362 multinational companies operating in Israel paid nearly $9 billion in direct taxation in 2019 – approximately 18% of all tax income received by the Israeli Government. They employ some 62,000 staff – the largest being Intel (11,000) followed by HP (3,000) and IBM (2,000).
Startup Jerusalem
Good video highlighting the innovation and startup ecosystem of Israel’s capital.