Bank of Israel sets optimistic forecast for 2005

Foresees growth of 3.5%, business output up 4.8% and unemployment down to 9.9%. Economic growth will reach 3.5% in 2005, business production will increase by 4.8% and standard of living (individual consumption)...

Progress in ports strike talks

Progress being made in negotiations between Treasury and Histadrut; strike could end within 24 hours. Significant progress has been made in negotiations between the Histadrut and the Treasury. Earlier this morning (Tuesday)...

Teva’s Q2 profits increase by 9%

Profits totaling $230 million in the second quarter, despite recent negative trends in company's stock. Financial results of the Israeli medicine company were surprisingly positive during the second quarter despite recent negative...

Makov: “Nothing in the world will stop generics”

Teva reports Q2 results showing $230 million profits, beating analyst projections. Shares suffer from recent sharp declines   Results for Israeli pharmaceutical Teva were pleasing, despite negative sentiment that hovered over its shares...

Export Institute: 18% rise in industrial exports to Europe

Increase affected by 10% jump of Euro against the dollar Data on market recovery is continuing to stream in. The first half of 2004 saw an 18% surge in industrial exports (excepting...

Ginko plans to raise NIS 130 million for oil exploration

Estimates Dead Sea reserves hold 20 billion barrels. Ginko Oil Exploration is planning to raise NIS 130 million on the Tel Aviv Stock Exchange at the end of the month to finance...