Israel Active

Israel’s Ceragon has won follow-on orders for its wireless backhaul products, from Tele2, Russia’s fourth largest mobile carrier. “Ceragon's solutions and expertise made it possible for us to get our networks up and running rapidly”, said Tele2 Russia’s CTO Ritvars Krievs.

(Thanks to Israel21c) Ben Lang started his first business when he was 14. Work at hi-tech companies Conduit and Wibiya have prompted him to co-found Innovation Israel – a community for start-ups, following other business advice initiatives EpicLaunch and MySchoolHelp.

Delek Group announced the discovery of their largest deposit of natural gas, in the offshore Tanin 1 well, 120km northwest of Haifa. Drilling at Tanin-1 suggests it may become Israel’s third-largest natural gas field.

As Yoram Ettinger reports, the number of recent investments in and acquisitions of Israeli firms by overseas companies is staggering.

Israeli researchers working on technology that contributes to public health, especially to that of the elderly population, can receive assistance in the United States from Sue Levkoff, the vice president of Environment and Health Inc., a start-up company that focuses on the development of technologies that enable older adults to age in place.

The relocation of IDF training bases to the Negev frees up state land worth up to 20 billion shekels ($5.3 billion) in the centre of the country that can be used for construction.

The Bank of Israel reported that its foreign currency reserves increased from $74.8 billion in December to $77.1 billion in January.

Israel’s new high-speed freight route between Eilat and Ashdod just south of Tel Aviv will compete with the Suez Canal as a major trade link between Asia and Europe.

The first part of a two-part sale of Israeli and international art, held Saturday at Tiroche Auction House in Tel Aviv broke a house record with sales worth NIS 3.35 million. Record prices were achieved for five of the artists whose work was offered, and 93 percent of all items in the sale were sold.

That’s “Nice” the city, but it may be also worth looking for “nice” initial prices for those travelling to and from the Jewish State via other destinations. The new service starts in April three times a week. It’s yet another sign of the increased passenger demand for flights to Israel.