THE ISRAELI ECONOMY AT A GLANCE 2006

Transcription

Ministry of Industry Trade and Labor
THE ISRAELI
ECONOMY
AT A GLANCE
2006
June 2006
DATA REFERS TO 2005
Dear Friends,
Israel's economy, with the help of the Almighty, has enjoyed further expansion, as
both domestic and overseas demand has continued to fuel an ever-widening range of
manufactured products as well as a deepening range of services.
Israel's reputation as an international center for research and development, particularly
in the information and telecommunications field has been further enhanced by recent
foreign investments.
In the current era of heightened globalization this is a significant achievement.
Following on the successful transition of the economy from traditional and agriculturalbased goods to knowledge-intensive hi-technology industries, particularly in the
information and telecommunication technologies field.
Israeli industrialists and entrepreneurs now lead the way in the fields of electro-optics,
advanced software applications, nanotechnology, electronic warfare, homeland security
and multiple telecommunications applications.
At the heart of these industries is a highly skilled workforce motivated by a unique
innovative atmosphere enhanced by Ministerially funded research and development
programs, human resource investment and facilitated through a supporting infrastructure
of many additional tools.
The resulting pool of quality manpower, particularly engineers, physicists and computer
scientists, enjoy a proven track record in both development and adaptability.
The policies of currency liberalization, privatization, environmentally-correct industries
together with a wide range of free trade area agreements with all the leading economic
blocs, put Israel in a pivotal position to access new markets and compete successfully
in the global marketplace.
The newly elected government is committed to the above policies with a view to
maintaining economic and regional stability, serving the business community, and
attracting further foreign and local investment to our vibrant and unique economy.
Eliyahu Yishai
Deputy Prime Minister
Minister of Industry, Trade and Labor.
THE ISRAELI ECONOMY AT A GLANCE
2006
INTRODUCTION
The Israeli Economy at a Glance, as the title suggests, provides the reader with an
overall picture of the Israeli economy in graphic, tabular and textual form.
The continued widespread demand for this publication has encouraged us to keep
amendments to a minimum, aside from the annual statistical updates.
Essentially the publication is divided into three main sections:
The first section contains basic macro-economic data, foreign trade statistics and
international comparisons portrayed in graphical form.
The second section contains tables of data, particularly major economic and
industrial indicators, enabling a quick look at recent trends and developments in
the growth of the local Israeli economy.
The third section of the publication reviews both selected economic policy and
industrial policy, enabling a brief understanding of macro-economic policy in
general and the Ministry’s contribution in particular.
Furthermore, the reader will find a comprehensive list of world-wide contacts in
addition to an extensive list of local addresses, appended to the main publication.
Our internet website also provides a wide range of information including this
publication and many others.
Our main address, at which a full English text is available is: [email protected]
The editor.
5
2006
TABLE OF CONTENTS (2006)
GRAPHS & CHARTS
Facts & Figures 2005
Israel’s Exports of Goods, 2005
Israel’s Imports of Goods, 2005
Industrial Exports by Major Branches, 2005
Contribution of Specific Region to Export Growth
Composition of Industrial Exports 1995 vs. 2005
Breakdown of Import Increase by Region
Resources and Uses of Resources, 2005
Business Product Composition, 2005
Quarterly Employment & Unemployment since 2003
Production by Major Industrial Branches, 2005
Consumer Price Inflation Rates, 1995 – 2005
Industrial Production, 2005
G.D.P. Per Capita, in P.P.P. Terms, 2005
Real G.D.P. Growth Comparison, 2002-2005
Civillian R&D Expenditure as a % age GDP 2003
Hourly Compensation Cost in Manufacturing, 2004
Exports of Goods and Services, 2002-2005
Goods Exports in I.C.T. Sector, 2003
Israel’s ICT Growth, 1997-2005
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Main Indicators, 2002 – 2005
Population, Immigration & Employment
Main Industrial Indicators
Imports of Goods
Export of Goods
30
31
32
33
34
Privatization
Foreign Currency Liberalization
Environmental Economics
35
37
38
Foreign Trade
Invest in Israel Center
Israel’s International Trade and Economic Agreements
Investment Incentives
Research & Development Incentives
Israel’s Trade Figures with selected countries
Economic & Trade Representatives Abroad
39
43
44
45
51
55
56
TABLES
Selected Economic Policy
Selected Industrial Policy
7
2006
ISRAEL
FACTS & FIGURES 2005
Figures refer to millions of U.S. $ unless otherwise stated.
Gross Domestic Product
Business Sector Product
GDP Per Capita (U.S.$)
Investment in Fixed Capital
Imports of Goods (Net)
Exports of Goods (Net)
Industrial Exports*
of which, hi-tech
Imports of Goods and Services**
Exports of Goods and Services**
Population Average (Thousands)
Unemployment Rate (%)
Inflation Rate (CPI-%)
* Including net polished diamonds
** Balance of payments figures.
Source: Israel C.B.S
123,439
88,297
17,807
21,611
44,371
36,429
32,164
11,743
57,384
56,623
6,929
9.0
2.4
9
NORTH
AMERICA**
16,190
38.0%
LATIN AMERICA
1,109
2.6%
Unclassified-$1,432(3.4%)
* Before reduction of returned goods
** 1. N.America including: U.S.A., Canada & Mexico
2.Export to U.S.A.- $15,498 (36.4%)
***Including Asian Republics of former U.S.S.R
10
AFRICA
758
1.8%
E .U.
12,248
28.7%
EFTA
967
2.3%
ASIA***
7,674
18.0%
CENTRAL & EASTERN
EUROPE 1,760
4.1%
(MILLIONS OF U.S. $)
TOTAL EXPORTS 42,588*
Source: Israel C.B.S.
OCEANIA
450
1.1%
ISRAEL`S EXPORTS OF GOODS, 2005
2006
LATIN AMERICA
993
2.2%
Unclassified-$6,422 (14.3%)
* Before reduction of returned goods
** 1. N.America including: U.S.A., Canada & Mexico
2.Import from U.S.A.- $6,041 (13.4%)
***Including Asian Republics of former U.S.S.R
NORTH
AMERICA**
6,383
14.2%
AFRICA
303
0.7%
ASIA***
8,215
18.3%
EFTA
2,546 CENTRAL & EASTERN
E .U. 5.7%
EUROPE 2,607
17,348
5.8%
38.6%
(MILLIONS OF U.S. $)
TOTAL IMPORTS 44,943*
Source: Israel C.B.S.
OCEANIA
126
0.3%
ISRAEL`S IMPORTS OF GOODS, 2005
2006
11
12
* Including Net Polished Diamonds
ELECT RICAL,
ELECT RONIC &
T RANSPORT
28%
DIAMONDS
21%
FOOD & DRINK
2%
T EXT ILES CLOT HING &
LEAT HER
3%
OT HERS
3%
CHEMICALS & PLAST IC
27%
MET ALS & MACHINERY
13%
MINING & MINERALS
3%
TOTAL INDUSTRIAL EXPORTS -$ 32,164*
(MILLIONS OF U.S.$)
METALS & MACHINERY
16%
ELECTRICAL,
ELECTRONIC &
TRANSPORT
37%
FOOD & DRINK
3%
SOURCE: Israel C.B.S.
TEXTILES CLOTHING &
LEATHER
4%
OTHERS
4%
CHEMICALS & PLASTIC
33%
MINING & MINERALS
3%
TOTAL EXCLUDING DIAMONDS -$ 25,507
(MILLIONS OF U.S.$)
INDUSTRIAL EXPORTS BY
MAJOR BRANCHES, 2005
2006
TOTAL EXPORTS GROWTH - 123%
(MILLIONS OF U.S. DOLLARS)
(MILLIONS OF U.S. DOLLARS)
Africa
2%
Western Europe
28%
Central & Eastern
Europe
3%
TOTAL EXPORTS 2005 42,588
Latin America
2%
Asia
16%
TOTAL EXPORTS 1995 19,046
North America
45%
Oceania
1%
Unclassified
3%
2005 COMPARED TO 1995
INCREMENT OF $ 23,542 MILLION
CONTRIBUTION OF SPECIFIC REGION
TO EXPORT GROWTH
2006
13
0
5,000
10,000
15,000
20,000
25,000
30,000
14
1995
25,507
1,823
12,302
TRADITIONAL (LOW -TECH) INDUSTRIES
Total industry
2,076
2,542
MID-LOW-TECH INDUSTRIES
4,750
6,937
3,388
MID-HI-TECH INDUSTRIES
11,743
2005
4,549
1995
HI-TECHNOLOGY INDUSTRIES
2005
2005
2,859
3,139
2,195
Electronic communication equipment
Industrial medical & control equipment
Pharmaceutical products
1,136
Aircraft industries
897
1,517
Electronic components
Office & computing equipment
0
2000
4000
6000
8000
10000
12000
HI-TECHNOLOGY INDUSTRIES
TOTAL INDUSTRIAL EXPORTS EXCLUDING DIAMONDS:
IN 1995-$ 12,302 , IN 2005 $ 25,507 MILLION
COMPOSITION OF INDUSTRIAL
EXPORTS 1995 VS. 2005
2006
TOTAL IMPORTS
GROWTH 59%
TOTAL IMPORTS 2005 44,943
TOTAL IMPORTS 1995 28,286
-5
0
5
10
15
20
25
30
35
40
%
A
ca
fri
-0.7
O
ia
an
ce
0.3
tin
La
Am
a
ic
er
N
4.5
th
or
ra
nt
Ce
A
l&
ica
er
m
5.5
rn
s te
Ea
2005 COMPARED TO 1995
INCREMENT OF $ 16,656
ro
Eu
pe
n
ter
es
W
10.4
pe
ro
Eu
19.9
U
A
sia
32.3
n
ied
sif
s
cla
27.7
BREAKDOWN OF IMPORT INCREASE
BY REGION
2006
15
16
Imports
33.9%
Private Consumption
39.0%
Exports
30.3%
Gross Domestic Investment
12.2%
Public Consumption
18.4%
(186.7 BILLION U.S. $)
(186.7 BILLION U.S. $)
Gross Domestic Product
66.1 %
USE OF RESOURCES
RESOURCES
RESOURCES AND USE OF RESOURCES 2005
2006
* Estimate , excludes ownership of dwellings.
** Includes fishing & forestry.
*** Includes electricity & water.
Finance & Business
Services 38.6%
Industry
21.2%
SOURCE: Based on Israel C.B.S National Accounts Department
Others
16.2%
Agriculture**
2.6%
Construction***
10.5%
Transportation &
Communication 10.9%
FOR THE YEAR 2005*
BUSINESS PRODUCT COMPOSITION
2006
17
18
8
9
10
11
12
I-
%
III
10.7
IV
I
2003
-V
10.5
VII
- IX
10.9
X-
XII
10.8
I-
III
10.9
-V
I
VII
10.1
- IX
2004
10.5
Page 1
IV
Unemployment rate (left axis)
X-
XII
9.8
I-
III
9.2
IV
-V
I
9.1
VII
Total employment (right axis)
X-
2005
- IX
8.9
XII
8.8
2,100
2,200
2,300
2,400
2,500
2,600
Thousands
QUARTERLY EMPLOYMENT &
UNEMPLOYMENT IN ISRAEL SINCE 2003
2006
Food & Beverages
15%
Chemicals, Rubber &
Plastics
28%
Textiles, Clothing &
Leather
4%
2006
SOURCE: Israel C.B.S. and Ministry of Industry, Trade& Labor
Mining & Minerals
4%
*Excluding diamonds.
**Light industries includes: wood, paper, printing, furniture & jewellery.
Metals & Machinery
14%
Electrical Electronic &
Transportation
26%
** Light Industries &
Miscellaneous
9%
PERCENTAGE BREAKDOWN
INDUSTRIAL PRODUCTION* BY MAJOR
BRANCHES, 2005
19
-2
0
2
4
6
8
10
12
14
95
8.1
96
10.6
97
7.0
*Year end compared to previous year end
20
98
8.6
2000
0.0
2001
1.4
Y E A R S
99
1.2
2002
6.5
2003
-1.9
ANNUAL PERCENTAGE CHANGE*
2005
2.4
Source:
Division.
Source: C.B.S - Prices Division.
2004
1.2
CONSUMER PRICE INFLATION RATES
1995-2005
2006
a
nl
nd
-2.4 -1.7 -1.5
-0.7
0.0
1.2
1.4
1.5
1.8
2.2
3.3
3.3
3.4
3.7
6.0
6.2
Source: OECD- Main Economic Indicators, Israel C.B.S.
s
e
a
e
a
k
n
en otal and any ates rael blic
re
re apa
om and
ar
ec
nc
d
a
o
l
e
d
a
t
e
s
u
m
r
m
I
g
J
S
K
-T
rl
w
Fr
ro
G
Ire
ep
er
en
in
Fi
d
S
D
u
he
e
R
t
D
G
K
C
E
t
e
i
h
E
d
n
N
O
te
ec
U
z
ni
C
U
-3.0
-2.0
-1.0
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
REAL ANNUAL PERCENTAGE CHANGE
(Compared to 2004)
INDUSTRIAL PRODUCTION 2005
2006
21
22
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
E
pt
y
g
M
nd
la
ra
ey
t
en
k
ur
C
T
4,317
7,950
e
t
as
n
er
o
ic
x
e
C
E
ze
ch
e
op
r
u
ic
ga
bl
u
u
t
r
p
Po
Re
10,186 10,914
l
ea
G
re
20,590
or
K
18,375 19,335
ec
e
el
n
U
F
n
ite
e
d
nc
ra
K
n
pa
a
J
s
k
d
te
ar
an
a
l
t
m
S
Ire
en
d
D
ti e
n
U
30,470 30,615
m
do
g
in
29,316
34,737
40,610 41,399
*Purchasing Power Parities
Source: International Monetary Fund, World Economic Outlook Database, 2006.
ai
Sp
23,416
ra
Is
22,392
26,320
U.S. DOLLARS
G.D.P PER CAPITA, IN P.P.P* , 2005
2006
-2
0
2
4
6
8
10
EU 15
Percentage
Change
United
Kingdom
Finland
Japan
2002
Denmark
2003
U.S.A.
2004
Ireland
2005
Annual Percentage Change
Israel
Estonia
2006
Source: EUROSTAT & Israel C.B.S.
Czech
REAL GDP GROWTH RATE 2002-05
23
24
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
5.5
6.0
in
00
(2
2)
1.1
b
pu
lic
1.3
Re
Ki
nd
h
a
d
l
c
e
e
it
Ire
Cz
Un
a
Sp
1.1
d
ng
om
n
Si
1.9
p
ga
e
or
2.1
2.5
2.6
2.6
)
s
y
02
CD
an
ate
t
0
E
m
2
S
r
O
k(
Ge
ted
tal
i
ar
o
T
Un
nm
De
ce
an
r
F
2.2
2.2
a
re
o
K
2.6
n
pa
Ja
3.2
nl
Fi
d
an
3.5
Civilian Research & Development Expenditure 2003
R&D As a Percentage of GDP
n
de
e
Sw
4.0
el
Source: OECD
a
Isr
4.9
2006
D
0
5
10
15
20
25
30
35
40
k
ar
m
n
e
33.8
d
an
nl
Fi
30.7
d
te
ni
en
U
ed
Sw
Ki
28.4
d
ng
om
24.7
ce
an
r
F
U
d
te
ni
23.9
s
ate
St
23.2
nd
la
rI e
n
pa
Ja
21.9 21.9
IN U.S. DOLLARS
Is
el
ra
K
or
ea
H
g
on
11.5
ng
Ko
5.5
SOURCE: U.S. Bureau of Labor Statistics
12.2
HOURLY COMPENSATION COST IN
MANUFACTURING (2004)
2006
25
26
0
10
20
30
40
50
60
50.5
ea
or
K
%
el
ra
Is
33.3
n
pa
Ja
32.6
18.1
s
y
te
an
ta
m
S
er
d
G
te
ni
U
18.9
e
ec
re
G
s
15.9
nd
rla
e
h
et
N
16.3
A
a
tri
us
15.1
nl
Fi
d
an
nd
13.4
d
te
ni
U
la
er
itz
Sw
14.7
m
do
g
in
K
11.2
ce
an
r
F
4.1
lia
tra
s
u
A
3.7
M
ex
ic
o
0.7
Source: OECD & Israel C.B.S.
Source: Israel C.B.S & OECD
5.1
da
na
a
C
Real Cumulative Percentage Change
EXPORTS OF GOODS AND SERVICES
2002-2005
2006
Ca
4.2
ly
Ita
0
5
10
15
20
25
30
35
40
da
a
n
Fr
4.4
D
ce
an
m
en
7.9
k
ar
9.4
10.6
el
15.2
20.0
22.6
24.3
34.3
Source: Israel C.B.S & OECD
s
an
ds
nd
n d orea
te
n
a
a
p
a
l
l
la
Ja
K
St
in
Ire
er
F
d
h
t
e
t
e
ni
N
U
ra
Is
13.5
n
e
y
de
om
ag
an
e
r
d
m
e
g
Sw Av
er
in
G
K
D
ed
EC ni t
O
U
7.9
13.1
18.9
21.1
As a percentage of total goods exports.
GOODS EXPORTS IN ICT SECTOR, 2003.
2006
27
Percentage of Total
Business Sector
Value Added
(right axis)
ICT Value Added
constant prices
(left axis)
28
0
10
20
30
40
50
60
1997
Billions of NIS
(New Israeli Shekels)
1998
1999
Page 1
2000
2001
2002
2003
2004
10
11
12
13
14
15
16
17
18
19
20
2005
%
ISRAEL'S INFORMATION AND
COMMUNICATION TECHNOLOGIES
(ICT) VALUE ADDED
1��
2006
TABLES
2006
Main Indicators 2002-2005
2002
2003
2004
2005
Real annual percentage change
02-05
Annual
average
Gross Domestic
Product
-0.7
1.3
4.3
5.2
2.5
Business sector
product
-2.6
1.7
6.1
6.6
3.0
GDP per capita
-2.7
-0.5
2.5
3.3
0.7
Fixed Capital
Investment
-6.2
-4.5
-0.2
2.4
-2.1
Investment in
Dwellings
1.3
-1.6
-5.7
-1.6
-1.9
2002
2003
2004
2005
02-05
Annual
average
Current Balance
(Billions of Dollars)
-1.3
0.8
1.8
2.4
0.9
Net External Debt
(Billions of Dollars)
-0.6
-5.0
-10.6
-21.3
-9.4
ICT Added Value
(Annual percentage
change)
0.7
-0.8
7.7
4.9
3.1
Consumer Price
Inflation (CPI)
(Annual percentage
change)
6.5
-1.9
1.2
2.4
2.1
Source: C.B.S., Ministry of Industry, Trade & Labor
30
2006
Population, Immigration and
Employment
2000
2001
2002
2003
2004
2005
Average Population
(thousands)
6,289
6,439
6,570
6,690
6,809
6,929
Percentage change in
average population
2.7
2.4
2.0
1.8
1.8
1.8
Immigration
(thousands)
60
43
33
23
20
21
2,265
2,265
2,284
2,330
2,401
2,494
Unemployed Persons
(thousands)
233
233
262
280
278
246
Unemployment
Rate (%)
9.4
9.4
10.3
10.7
10.4
9.0
Employed Persons
(thousands)
Source: C.B.S.
31
2006
Main Industrial Indicators
Real Annual Percentage Change
2000
2001
2002
2003
2004
2005
10.1
-5
-2.9
-0.3
6.9
3.7
Export
30
-5.1
-4.9
3.1
17.3
4.4
Employment
1.3
-3.2
-4.1
-2.3
1.1
1.6
Productivity
8.7
-1.9
1.3
2.0
5.7
2.1
Gross Investment
5.1
-16.2
-4.9
-8.7
9.3
3.8
Capital Stock
6.9
4.7
3.9
2.9
3.2
3.0
Production
All figures refer to total industry excluding diamonds.
Source: C.B.S. , Ministry of Industry, Trade and Labor & Bank of Israel.
32
2006
Imports of Goods (gross)
By Major Category
Millions of U.S. $ (Current Prices)
2000
2001
2002
2003
2004
2005
Consumer goods
4,498
4,657
4,335
4,257
4,977
5,330
of which, durable
2,135
2,103
1,882
1,733
2,150
2,313
Production inputs
25,080
22,041
22,981
24,584
29,936
33,348
Investment goods
6,149
6,586
5,767
5,342
6,020
6,225
of which, machinery &
equipment
4,764
4,809
4,511
4,399
4,876
4,939
Total Imports
35,749
33,303
33,083
34,212
40,969
44,943
Source: C.B.S.
33
2006
Exports of Goods (gross)
Millions of U.S.$ (Current Prices)
2000
2001
2002
2003
2004
2005
Agricultural
exports
714
630
620
715
908
1,024
1.Citrus
94
82
58
62
74
100
2.Agricultural
exports excluding
citrus
620
548
562
653
834
924
Industrial exports
28,865
27,072
26,777
28,441
34,308
37,567
1.Polished Diamonds
7,937
7,511
8,468
8,991
10,577
12,061
2. Industrial exports
excluding
diamonds
20,928
19,561
18,309
19,450
23,731
25,508
Other exports
2,472
1,358
1,950
2,628
3,402
3,997
Total Exports
31,337 29,059 29,347 31,783 38,618 42,588
Source: C.B.S., Foreign Trade.
34
Economic Policy Focus
2006
Privatization in Israel
Privatization procedures of Government owned companies* in Israel are regulated by the Government
Companies Law, under which the Government Companies Authority operates.
The Government of Israel is continuing its policy of accelerated privatization. This policy is clearly
reflected in recent years developments. The privatizations below follow major privatizations
accomplished during 2003-2004, notably El-Al Israel Airlines & Zim Israel Navigation Co.
Bezeq- The Israel Telecommunication Corp. Ltd.
The Control of Bezeq, the Israeli telecommunications giant, passed to the private sector during 2005,
the final stage of the privatization process, which started in 1989. Bezeq is a Public Company widely
traded in the Tel-Aviv Stock Exchange (TASE).
The privatization process was revived in August 2003, with a Government resolution stating that all
but 1.01% of the government's assets in the company will be sold:
Through stock exchange - prospectus and/or block trades;
30%-40% as a strategic block by private sale.
Three phases accomplished the resolution implementation:
First, the selling of 9.4% via two block trades. Both sales, held in 2004, by the Governmental
Companies Authority, were a great success.
Second, the sale of 3% through a secondary public offering via the stock exchange after publishing
a prospectus, in June 2004.
Third, a Private Sale by tender, of the controlling share of 30% and options for an additional
10.66% to a single investor group. The preferred bidder chosen in May 2005,was a foreign investor
group composed of Apax Investment Fund, A Haim Saban company & Mr. Mory Arkin. The deal
price was approximately 4.2 Billion NIS.
The Bezeq privatization occurred parallel to the complete opening of the local telecommunications
market to competition.
Oil Refineries LTD. (ORL)
The Government of Israel, according to resolution no. 107 of the Ministerial Committee on
privatization, has decided to split and privatize Oil Refineries Ltd. (ORL).
The refineries will be split into two companies; ORL Haifa (ORH) and ORL Ashdod (ORA). The first
phase will see ORA sold as a whole by private tender. The second phase will entail ORH being IPO'ed
on the TASE.
The Sale process began in January 2006, by a public announcement regarding the commencement of
the ORA tender. The tender is expected by mid- 2006, while the sale of ORH is expected before the
end of the year.
* Not including Govermment-owned banks. M.I. Holdings Ltd. is in charge of the Privatization of the
Banks, and the company operates under the authority of the Accountant General.
35
2006
Privatizations in the Pipeline
Future major privatization processes in the pipeline for 2006-2007 are:
Israeli Military Industries LTD. (IMI)
The company is to be sold by private sale (excluding 2 strategic operations to be sold to the
Government Company ‘Refael’). The Ministerial Committee for Privatization will decide on
the manner of the sale process.
Pi-Glilot Petroleum Terminals and Pipelines Ltd.
Main activity: petroleum storage disposition and distribution. Jointly owned by the State (50%)
and the three big Fuel Companies (50%). The Process is to sell the main activity facilities of
the company.
Tadmor Hotel School Ltd.
Main activity: training courses in hotel maintenance, catering, tourism, nourishment, and
related hotel management professions.
Arim Urban Development Co. Ltd.
Main activity: development and ichnography.
Israel Government Coins and Medals Corp. Ltd.
Main activity: marketing memorial coins and medals issue and 'Judaica'.
Privatization of Commercial Banks
In December 1991 the first privatization took place of a leading banking group with the sale of the
controlling interest in the Israel Discount Bank (IDB) Investments. This was followed by a series of
sales and flotations in other leading banks such as the General Bank ( Klali), the Union Bank, the
United Mizrachi Bank and Bank Hapoalim.
In early 2005, the Government, through its agency M.I. Holdings, carried out the sale of the
controlling interest in IDB through a public offering in which five international bidders participated.
This particular tender ended with the sale of 26% of bank shares being sold to Bronfman-Schron,
together with an option to complete a further 25% sale of shares within the next three years.
In November 2005, the government, through M.I. Holdings and the Accountant General, sold the
controlling interest in Bank Leumi in a package of 9.99% of the bank's capital shares, with an option
of 10.01% more. The unique bid-structure brought together financial and strategic investors, for
the first time in an Israeli held auction, and spurred the strategic investors to increase their bid, thus
ensuring maximum compensation for the State Treasury.
Total compensation received at the closing was approximately 2.5 Billions NIS.
In addition, 2005 was also the year in which Israel, through M.I. Holdings, sold her remaining shares
in both the Mizrachi and Hapoalim banks.
These latter privatizations were major achievements for the Israeli economy and to the privatization
process. Undoubtedly, this process will increase competition between the banks and contribute to the
local capital market.
The privatization policy over the past five years has been an integral part of the extensive reforms in
the capital market in general and in the private sector in particular.
36
Source: Government Companies Authority and M.I. Holdings.
2006
Foreign Currency Liberalization
Since the end of the 1980s the Government of Israel and the Bank of Israel have been progressively
implementing a policy of full foreign currency convertibility.
The process of liberalization started in 1989, with a permit to individuals to make portfolio
investments abroad. In 1993 Israel formally accepted the obligations of article VIII of the IMF’s
Agreement, which prohibit exchange restrictions on payments and transfers for international current
account transactions.
In August 1994 the Ministry of Finance together with the Bank of Israel, announced a series of
reforms that further decreased Israel’s currency control regulations. This proceeded gradually until
it finally culminated in mid-May 1998 when virtually all restrictions were removed from both Israeli
residents and foreign residents.
In September 2000, when the last restriction referring to foreign residents - on the conduct of some
transactions in derivatives - was lifted, the only remaining restriction was the ceiling imposed on
foreign investments by institutional investors. In December 2001 the ceiling was raised from 5% to
20% of total assets, and as of January 2003 was abolished altogether.
Today Israeli residents can trade freely and make portfolio and direct investments overseas, including
the purchase of real estate in either Israeli or foreign currency. There is no need for provision of
documentation when carrying out foreign exchange trading nor are limits placed on the amounts of
money transferred or traded.
However there is an obligation to report the nature of transactions to the Bank through which it is
executed, and there are some direct reporting requirements from corporations, individuals, non-profit
organizations and institutional investors, for statistical purposes. In a similar vein, though non-related
development, the Bank of Israel abolished the “crawling band” structure of the shekel, thus rendering
the local currency as completely free to market forces. This became effective in mid-2005.
Further details can be obtained from the Bank of Israel’s Foreign Currency Supervision department.
Source: Bank of Israel, Foreign Exchange Control Department
37
2006
Environmental Economics
In May 2003, the Government of Israel decided to prepare a sustainable development strategy for
the country. A review of progress has shown that the economic ministries, especially the Ministry of
Finance and the Ministry of Industry, Trade and Labor, have taken the lead and that subjects such as
green taxes and environmental fair disclosure have been promoted in recent years.
A November 2002 government decision called for the introduction of renewable energy into the
electricity sector. Within the framework of this decision, the Public Utilities Authority (Electricity)
has established tariffs for the production of energy from renewable sources, which take account
of the costs of pollution emissions. To date, ten private producers of electricity are receiving these
premiums.
Several steps have been taken to reduce pollution from transportation sources based on economic
considerations. An economic assessment of the feasibility of scrapping old vehicles, which showed
that scrapping is beneficial both to the environment and to the economy, led to the preparation of
a plan to encourage car owners to scrap their old vehicles in return for compensation. In addition,
purchase taxes on hybrid cars were reduced from 90% in 2004 to 30% in 2005.
To increase the deterrence potential of environmental law enforcement, methods have been
developed for computing the economic benefit of non-compliance as a means of increasing
penalties in the court system. Economic calculations, which quantify the profits of polluters, have
already been presented to the courts.
In 2004, Israel created a Designated National Authority (DNA) for the Clean Development
Mechanism (CDM) of the Kyoto Protocol. The CDM in Israel provides investors from industrialized
countries with opportunities for implementing projects in a wide variety of fields, most notably in
the waste and energy sectors. Several projects have already been submitted for approval to Israel’s
DNA.
In 2005, the government approved, in principle, the imposition of a landfill fee on landfilling solid
waste and construction and demolition waste, based on the internalization of the external costs of
landfilling.
In November 2005, the Standards Institution of Israel approved a "green building" standard with
threshold levels relating to energy, land, water and wastewater and other environmental issues. The
standard, along with other recently approved standards such as energy rating of buildings, should
encourage the construction sector to make new building more sustainable.
38
Educational and financial resources are helping to convince industry that expenditure on pollution
prevention and waste reduction is cost-effective. Over 150 organizations have been certified with
ISO 14001 on environmental management systems; a Cleaner Production Center provides financial
assistance to industries for specific projects; and the Ministry of the Environment grants financial
assistance and incentives in fields as diverse as treatment and recycling of solid waste, reduction of
hazardous waste, promotion of bicycle paths and establishment of municipal animal shelters.
Source: Ministry of the Environment
2006
Israel's Foreign Trade Policy
Introduction
International trade plays a vital role in the economy of the State of Israel. Indeed, in recent
years, the Israeli economy has integrated into the global trading system in a rapid and efficient
manner, by implementing multilateral and bilateral trade agreements, as well as by pursuing a
unilateral process of trade liberalization and structural reforms
In harmony with the policy steps, aiming at the full integration of the Israeli economy into global
trade trends, the Israeli economy has undergone a substantial process of structural reforms. In
a relatively short time the Israeli economy has developed into a liberalized marketplace trading
in a wide range of manufactured goods and services worldwide. Throughout the 1990’s, mass
immigration from the former Soviet Union, proactive economic policies, fiscal and monetary
reforms pursued by the Israeli government, initiated a period of innovation and growth
The Israeli economy became open to competition from within and without, driven by the private
sector. Intense entrepreneurial activity became the hallmark of the business environment,
attracting the attention of foreign and local investors. The Israeli technological, research and
knowledge based industries have gained world wide recognition and have served as an engine
for economic growth. Consequently, in less than two decades, export trading has risen fivefold,
industrial exports sevenfold and exports of machinery, electronics and IT products have risen
over tenfold
(1) Trade Policy
Israel’s trade policy objectives are as follows:
Continued integration of the Israeli economy into the global trading system, through the
use of policy instruments that relate to trade in goods, services, investments, competition,
environment, intellectual property, development and others.
Promoting and maintaining Israel’s export competitiveness by expanding and updating
the network of international agreements designed to promote trade, facilitate market
access, neutralize non-tariff barriers and achieve sustainable economic growth.
Increasing the efficiency of resource allocation, by enhancing reforms that aim at the
introduction of greater competition and increased transparency in the domestic market.
39
2006
Creating an attractive climate for investors, businesspeople, consumers and the public as
a whole.
Israel’s trade policy is enhanced by a wide range of international agreements and commercial
arrangements with countries and international bodies. In recent years, the Government of Israel
has been pursuing its international trade policies in a well coordinated effort, along three paths
in parallel: multilateral, bilateral and unilateral.
WTO
Israel is a founding and active member of the WTO. Israel has full respect to the fundamental
principles and norms of the WTO i.e. non-discrimination, rule based system, transparency,
consensus in decision-making, fair trade, progressive liberalization and special & differential
treatment for Developing countries and Least Developed countries.
Israel has faithfully implemented its Uruguay Round obligations. Israel took an active part in
the negotiations on basic telecommunications and financial services. Its commitments under the
Forth and Fifth Protocols of GATS reflect open and liberal policies, as well as its willingness to
achieve even greater liberalization.
Not only committed to the multilateral agreements, Israel has also been actively participating
in plurilateral trade arrangements initiated under the framework of the WTO such as the
Government Procurement Agreement (GPA).
Israel was among the first group of WTO Member countries who signed on the Information
Technology Agreement (ITA), in 1997. That Agreement called for the elimination of tariff
duties on telecommunications equipment, computers and related equipment on an MFN basis.
40
2006
(2) Bilateral Trade Agreements
Israel’s bilateral trade agreements cover a substantial portion of Israel’s international trade.
Israel has had free trade agreements with its major trading partners for many years - with the
European Union since 1975, with the United States since 1985, as well as with the EFTA states
since 1993. In November 1995, Israel and the European Union concluded a more comprehensive
agreement to cover wide aspects of economic relations beyond trade in goods, enabling Israel’s
participation in the European Union’s Research and Development Framework Programs.
The political changes in Eastern and Central Europe have had a marked impact on trade relations
and have led Israel to conclude MFN agreements for some non-WTO members and free trade
agreements with some WTO members. The purpose of these agreements is to further open
markets and to maintain Israel’s exports competitiveness in European and North-American
markets, in the light of regional trade agreements signed by the countries in those regions. In
keeping with this strategy, free trade agreements have since been signed with Canada (1996),
Turkey (1997), Mexico (2000), Romania (2001) and Bulgaria (2001).
Israel continues to explore new initiatives to expand its market access to other countries through
either multilateral or regional agreements. Recently, Israel has been focusing its attention on
Asia and Latin America, in the light of the growing importance of these regions in world trade.
Israel and the MERCOSUR have concluded a framework agreement on trade which forms the
basis on which the parties are currently negotiating a Free Trade Area agreement.
Economic relations with its neighbours in the Middle East are of particular importance to Israel.
Israel has also initiated and signed regional trade arrangements; Qualified Industrial Zone (QIZ)
Agreements, operating under the framework of the Israel-US free trade area agreement, have
been concluded with Jordan (1997) and Egypt (2004). The QIZ Agreements have contributed
enormously to the bilateral growth of trade between Israel and Jordan on the one hand and
Israel and Egypt on the other hand. Israel is confident that regional economic cooperation will
contribute to the peace process and to the well-being of all people in the region.
41
2006
(3) Unilateral trade liberalization
In recent years, Israel has adopted a more liberal and open trade policy. An Import Policy
Department has been established within the Foreign Trade Administration. Its mandate is to
explore ways to further facilitate the flow of trade into, and out of, the Israeli market as well as to
carry out liberalization steps. In the framework of the above-mentioned policy objectives, Israel
has unilaterally liberalized its import policy regarding a relatively large number of countries,
which had previously been subject to the import licensing mechanism.
In addition Israel has reviewed and liberalized the Free Import Order of 1978 dealing with
free imports of goods into Israel subject to import licensing requirements and/or standards, so
as to ensure the safety and security of consumers and the public as a whole. As a result, the
Government of Israel has introduced more transparency into the import licensing procedures,
thereby removing bureaucratic barriers to trade.
(4) OECD
Israel has recently declared its interest and readiness to accede to the Organization for Economic
Cooperation and Development (OECD). In fact, Israel already enjoys observer status in a
substantial number of OECD Committees and Working Groups.
42
2006
Investment Promotion Center
Israel's track record of thriving innovation and its reputation for a talented workforce
has rapidly attracted a stream of foreign investors in recent years. Israel is characterized
by ground breaking entrepreneurship, pioneering technologies, exciting business
opportunities and high returns on investment.
is Israel’s Investment Promotion Center at the Ministry of Industry,
Trade and Labor, Foreign Trade Administration. The center aims at attracting foreign
direct investment into Israel, and at encouraging further investment of multinationals
already active in the country.
offers a wide range of personalized services, support and information.
It assists potential and current investors, working closely with them before, during and
after the investment process:
Delivery of Israel’s vantage points – it’s track record, success stories, human
resources and ranking in global competitiveness listings
Economic advice regarding business operations in Israel such as representative
costs, incentives and tax breaks
Sectoral business reports including prospective companies and technologies
Coordination of potential investors visits
Introduction to all relevant Israeli entities and potential partners and aid in
establishing a solid network of investment contacts
For more information on investing in Israel, visit www.investinisrael.gov.il; or email
[email protected], or the closest Israeli economic representative:
www.investinisrael.gov.il/offices
43
2006
Israel’s International Trade and Economic Agreements
Protection of
Investments
Avoidance of
Double Taxation
Agreements on
R&D
Canada
Mexico
U.S.A
E.U.
E.F.T.A.
Bulgaria
Albania
Argentina
Armenia
Belarus
Bulgaria
China(3)
Austria
Belarus
Belgium
Brazil
Bulgaria
Canada
Funds
Canada(3)
India
Singapore
South Korea
United Kingdom
Romania
Croatia
China
U.S.A.
Turkey
MERCOSUR (1)
Cyprus
Czech Republic
El Salvador
Czech Rep
Denmark
Ethiopia(3)
Victoria/Au
Maryland, USA(3)
Estonia
Finland
Parallel Funding
Russian Fed. (5)
Egypt
Ethiopia(3)
France
Belgium
Jordan
Georgia
Germany
China
Germany
Guatemala
Hungary
India
Kazakhstan
Latvia
Lithuania
Moldova
Mongolia
Poland
Peru(2)
Romania
Serbia-Montenegro
Slovakia
Slovenia
South Korea
South Africa(3)
Greece
Hungary
India
Ireland
Italy
Jamaica
Japan
Latvia(3)
Luxemburg(3)
Mexico
Netherlands
Norway
Philippines
Poland
Romania
Russian Fed.
Singapore
Finland
France
Germany
Greece(3)
Hong Kong
India
Ireland
Italy
Netherlands
Ontario/CA
Portugal
Spain(4)
Sweden
Turkey
Belarus(2)
Statement of Intent
– MOITAL* and US
Consumer Product Safety
Commission (CPSC)
Thailand
Turkey
Turkmenistan
Slovak Republic
S.Africa
S.Korea
Ukraine
Spain
Uruguay
Uzbekistan
Sweden
Thailand
Turkey
U.K.
U.S.A
Ukraine(3)
Uzbekistan
Switzerland
Qualified Industrial
Zones (QIZ)
Agreements
44
MFN Trade
Agreements with non
WTO Members
Kazakhstan
Russian Fed.
Ukraine
Uzbekistan
Vietnam
Free Trade
Area Agreements
Standardization &
Product
Certification
Moldova
Ukraine (5)
Kazakhstan(2)
Sixth Framework
Program
-Eureka
U.S.
U.S. Science and
Technology
Commission
BIRD Foundation
* Israel's Ministry of Industry Trade and Labor.
(1) Under Negotiation. Mercosur countries are Brazil,
Argentina, Uruguay and Paraguay.
(2) Initiated
(3) To be ratified
(4) Awaiting re-establishment
(5) Re-initiated
Source: Ministry of Industry & Trade, Foreign Trade
Department, International Division.
2006
Investment Incentives
Investment incentives are outlined in the Law for the Encouragement of Capital Investment
which was recently revised. The new Law differs from the previous one in that it adds a new
path for incentives – an Automatic Tax Program.
The incentive programs can be divided into 2 main types:
1) The Grants program
- administered by the Israel Investment Center (IIC), a
department of the Ministry of Industry, Trade and Labor.
2) The Automatic Tax Benefits program- administered by the Tax Authorities.
To qualify, investment projects must meet certain criteria including: international competitiveness
(legal definition), minimal designated investment, high added value and registration of the
company in Israel.
Once these criteria are met the enterprise gains Approved Enterprise status from the IIC if it
chooses the grants program or Beneficiary Enterprise status by the Tax Authority, if it chooses
one of the tax benefit programs. It is then eligible for incentives, such as grants of up to 24% of
tangible fixed assets and/or reduced tax rates, tax exemptions and other tax related benefits.
Location
The government grants scheme is affected in part by the location of the company's activities.
Several regions in Israel have been declared National Priority Regions:
Priority Area A includes:
The Galilee
Jordan Valley
The Negev
Jerusalem (for hi-tech enterprises)
Priority Area B includes:
Lower Galilee
Northern Negev
Area C refers to the rest of the country.
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2006
Grant Program
The amount of government grant is calculated as a percentage of the original cost of land
development and investment in buildings (except in Area C), and in machinery and equipment.
This cost includes installation and related expenses. The percentages are:
Table 1
Priority Area A*
Priority Area B
Industrial projects
Up to NIS 140 million
Industrial projects
Above NIS 140 million
Investment in hotels and
other accommodations
24%
10%
20%
10%
24%
10%
Other tourist enterprises
15%
-
* Plus an additional grant of up to 8% for companies locating in the south ("Negev area")
Time to Completion
Under the provisions of the grants scheme, 20 percent of the approved program for industrial
projects must be completed within 24 months from the date of approval. The investment
program must be completed within 5 years from the date of approval.
Tax Benefits
a) Grant Program
Companies choosing the grant program, may also receive tax benefits for a period of 7
consecutive years, starting with the first year in which the company earns taxable income
(grants are not considered income). Tax benefits are determined by the percentage of foreign
control: the more foreign control in the enterprise, the higher the benefits. If at least 25% of
an Approved Enterprise's owners are foreign investors, the enterprise is eligible for a 10 year
period of tax benefits*. See table below (all figures are in %).
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2006
Table 2
Company owned by Foreign Investors
Company that is
not an Approved
Enterprise
Tax rates by ownership stake (in %)
90 to100
74 to90
49 to 74
Less than 49
Taxable
Income
100
100
100
100
100
Company Tax
10
15
20
25
34
Balance
90
85
80
75
66
Dividend
tax: 15% of
balance
13.5
12.75
12
11.25
25
Total tax on
distributed
income
23.5
27.75
32
36.25
50.5
b) Automatic Tax Programs
There are 3 types of automatic tax programs:
1. Alternative tax program
2. Priority area program
3. Strategic program
The minimal designated investment in programs 1 and 2 are:
A. Greenfield (new) investment - at least 300,000 NIS as in the table below:
B. Expansion - at least 300,000 NIS or amount equal to the "Approved rate" from productive
assets (whichever the higher) as follows:
Value of productive assets
((Millions of NIS
Required investment as % of
productive assets
Up to 140
12%
500-140
7%
500+
5%
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2006
1. Alternative tax program: A company can choose this program by waiving the project's rights
to a grant and will receive complete exemption from corporate tax on its undistributed
income, as detailed below.
Priority Area A:
Priority Area B:
Area C / Central Israel:
10 years of complete tax
exemption
exemption and 1 year of tax
benefits, 4 years for a foreign
investor*
exemption and 5 years of tax
benefits, 8 years for a foreign
investor*
* As in table 2
2. Priority area program: For companies investing in Priority Area A, benefits include:
a. Corporate tax rate of 11.5%
b. Dividend tax rate of 15%, total tax rate of 24.5%
For a foreign investor, the dividend tax rate is 4% and a total tax rate of 15%
The benefit period is for 7 years. If at least 25% of the company is foreign owned, then the
benefit period is 10 years.
3 . Strategic program: This program is intended mainly for large multi-national companies
meeting the following criteria: an annual turnover of at least $3 billion and a minimum
investment of $130 million in the project itself.
Total group revenue
Ministers
decision
By Law
Minimal designated investment
Ministers
decision
13 billion NIS
13 billion NIS
20 billion NIS
20 billion NIS
13 billion NIS
900 mil NIS
Priority Area
By Law
600 mil NIS
Acknowledged
area**
900 mil NIS
Area A
Area B or other
b. Benefits include: a. Corporate tax – 0% (i.e. complete tax exemption) b Benefit
period – 10 years
48
** Acco/Carmiel – Northwards
Be"er Sheva/ Arad - Southwards
2006
Employment Grant Program
In order to complement the revised Law for the Encouragement of Capital Investments the
government has established an additional program to increase employment in the outlying areas
of Israel as well as specific centers with high unemployment.
Support will be granted for the establishment or expansion of industrial plants, telephone call
centers, computer service support centers or logistic centers.
In order to be eligible for this program these enterprises have to employ a minimum number of
workers at a minimum wage as detailed below.
The budget for this program is 450 million NIS (approximately $100 million) spread over 3
years -150 million NIS per year. The maximum support per worker is 120,000 NIS ($27,000)
or 2,000 NIS per month.
The main points of the program are as follows:
The Format
In order to be granted the support from this program companies have to compete.
Twice a year companies are invited to make proposals. The budget allocated for each round
stands at 75 million NIS.
Eligible Areas
a. The “Furthest Periphery” , south of 75 latitude (north of Carmiel) and north of the 258
latitude (Beer-Sheba)
b. Priority Development Areas “A” and “B” as designated in the Law for the Encouragement
of Capital Investments
c. Designated towns of the Minorities population (Arab, Druze, Circassian) or the UltraOrthodox Jewish population.( Elad, Modi’in Elite , Betar Elite, Immanu’el)
Wages Level
The enterprise must pay its employees the following minimal wages at least:
a. In the Minorities and Ultra-Orthodox towns, the minimum wage.
b. In all other eligible areas - 6,750 NIS average monthly wages.
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2006
Number of Workers
The enterprises should employ a minimal number of workers.
With regard to a newly established plant:
a. In the “Furthest Periphery” and in towns of the Minorities and Ultra-Orthodox – 15
workers
b. In Priority Area “A” – 25 workers
c. In Priority Area “B” – 50 workers.
With regard to an expansion – at least 20% additional workers.
Amount of Support:
The maximum amount of support granted is as follows:
a. All areas: 15% of the cost of the average monthly wage of the additional workers
employees, but no more than 120,000 NIS per worker for the entire period.
b. Minority and Ultra-orthodox towns: as above. Enterprises paying wages below 6,750 will
be entitled to support of no more than 60,000 NIS.
c. In spite of the above the total average support per in each allotment round enterprise will
not be more than 100,000 NIS per worker.
REMARK: This document is a summary of the original document in Hebrew. For full details of
the Employment Grants Program the original Hebrew document should be consulted.
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2006
Incentives for Industrial R&D in Israel
The Office of the Chief Scientist (OCS) at Israel's Ministry of Industry, Trade & Labor is responsible for
implementation of governmental policies regarding the support and encouragement of industrial research and
development in Israel.
A variety of ongoing support programs developed and offered by the OCS, have played a major role in
enabling Israel to become a key center for hi-tech entrepreneurship. This section highlights the OCS's local and
international support programs.
Local Programs
Pre Seed-Seed
Magneton
• Promotes technology transfer from academic institutions to industry via mutual cooperation between a
company and an academic research program.
• Grants are up to 66% of the approved budget.
• No royalty payments.
Noffar
• Designed to support applied academic research in biotechnology & nanotechnology in order to promote
the transfer of technology to the industry.
Tnufa
• Encourages and supports technological entrepreneurship and innovation at pre-seed stage.
• Assists individual inventors and startup companies during earliest stages of projects, including evaluation
of technological and economic potential of idea, preparation of patent proposal for submission to
authorities, construction of prototype, preparation of business plan, establishing contact with the
appropriate industry representatives as well as attracting investors.
• Grants of up to 85% of approved expenses for a maximum of $50,000 for each project.
Technological Incubators
• Provides a framework and support for nascent companies to develop their innovative technological ideas
and form new business ventures in order to attract private investors.
• The program is open to private investors to become owners of incubators and to invest in the nascent
companies at an early stage, enabling a greater return on investment
• Recent establishment of new Bio-Technology Incubator, open to bio-tech and pharma projects, provides
professional services larger funds and extended incubation term.
• The program supports activities of Young Entrepreneurs Organization, in secondary and high-schools
• Grants are up to 85% of approved budget.
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2006
Heznek – Government Seed Fund
• Encourages investments and increases the number of new startup companies.
• The Government and the investor invest matching funds in a seed company; The investor is given an
option to purchase the government shares.
• Grants are up to 50% of the approved work program.
Competitive R&D
R&D Fund
• Approved R&D program must last at least one year , result in the development of a new product or
a significant improvement to an existing product. The development may also lead to a new industrial
process or a significant improvement in an existing industrial process.
• Grants are up to 50% of the total approved R&D expenditures. The annual budget of $300 million is
spent on about 1,000 projects being undertaken by 500 companies.
• Proposals are approved by the Research Committee and are awarded grants according to the terms and
conditions set by the Committee.
• Grants are provided as a percentage (between 20% and 50% depending on the circumstances and
the estimated potential of individual projects) of the estimated R&D expenditures approved by the
Research Committee.
• The Beta-Site Stage (interim stage between R&D and marketing) is recognized as an important and
integral part of the R&D project, with the aim of testing the product in “real-life” situations, by being
operated by selected end-users who give technical feedback and suggestions for product modifications.
Assistance for this stage is given as part of the R&D grant.
• When a government assisted R&D project results in a commercially successful product, the company is
obligated to pay royalties, which will be used to fund future grants to encourage and support industrial
R&D. In general, royalty payments are a specified percentage of the total annual revenues derived
from the sale of a developed product. Reports and payments are made semiannually.
Support of Traditional Industry
• A new support program, launched in 2005, offers separate evaluation and discussion for projects from
traditional industries.
• Private consultation offered to companies applying to the OCS for the first time.
Magnet consortium
Pre Competitive R&D
• Supports the formation of consortia made up of industrial companies and academic institutions, in order
to jointly develop generic, pre competitive technologies.
Research Institutes
• Supports R&D programs carried out by Research Institutes according to criteria.
• Grants are up to 90% of approved budget.
Generic R&D
52
• Encourages companies investing heavily in R&D to invest a significant percentage of funds in longterm generic R&D.
• Grants are up to 50% of the approved approved budget.
• No royalty payment.
2006
R&D Centers in Universities
• Aims to create and develop technological infrastructure for industry use.
• Established “Russell Berrie Institute for Nanotechnology” at the Technion.
• Support is offered in cooperation with the Telem Forum , the Ministry of Finance, the Planning and
Budget Committee of the Council for Higher Education (VATAT) and the Ministry of Defense.
Multinationals
Matimop
International Programs
• Promotes and assists participation of Israeli companies in international bilateral or multilateral
cooperation programs for industrial R&D.
• Promotes joint industrial development of advanced technologies.
• Maintains updated database of projects in range of advanced technologies and database of profiles of
Israeli industrial companies seeking international cooperation.
Europe’s R&D Framework Agreement – ISERD
• Israel is the only non-European country fully associated with the EU’s Framework Program for Research
and Development. The Framework Program is the main facilitator for research funding in Europe,
bringing together industries and academic research.
• The program offers Israeli companies and research organizations an opportunity to participate in jointly
implemented projects with European counterparts and thus become better integrated into European
business and scientific communities.
• ISERD – The Israeli Directorate for EU FP6, operating through the Office of the Chief Scientist of the
Ministry of Industry, Trade and Labor, is Israel’s official National Contact Point (NCP) with the EU, for
all FP activities .
• ISERD aims to promote joint Israeli-EU R&D ventures within the FPs.
• Grants to industrial R&D are 50% of the full cost and overheads; grants to universities are 100% of the
additional costs and 20% of overheads
Eureka
• A Europe-wide network for the promotion of collaborative market-driven R&D projects in virtually all
fields of advanced civilian technology.
• The projects enjoy access to national funding sources – Israeli companies participating in the program
are entitled to receive R&D grants from the OCS.
• Matimop acts as the Israeli national project coordinator (NPC) for Eureka.
The Global Enterprise R&D Cooperation Framework
• The program attracts prominent multinationals to forge investment cooperation deals in Israeli startups.
The program is flexible by tailoring each agreement to the requirements of the multinationals.
• Government support provides opportunity for Israeli startups to gain access to multinational corporations,
while international high-tech giants in turn gain access to innovative technologies.
• Partnerships between Israeli government and worldwide high-tech giants can potentially propel R&D
projects directly into global market. The first strategic cooperation agreement was signed with Alcatel
in November 2004. IBM, Oracle and Microsoft followed a few months later.
53
2006
• The program taps into the independent world power of multinational corporations with at least US$1
billion in annual sales.
• This cooperation format offers a host of advantages for both parties – Israeli startups targeting a
multinational as a client benefit by involving their future partner in the development stages and thereby
boosting their chances of success, while the cooperation with multinationals also opens established
export markets for the Israeli company. In addition, via the Israeli Government, multinationals gain a
channel to a significant number of Israeli startups.
Bi-national Funds
Bi-nationals
• The program enables the participation in joint R&D projects with foreign counterparts.
• Grants are up to 50% of R&D expenses of each company from each state.
Fund Name Countries
BIRD
Israel - USA
(www.birdf.com)
BRITECH Israel - UK
(www.britech.org)
CIIRDF
Israel - Canada
(www.ciirdf.ca)
KORIL-RDF Israel - Korea
(www.koril-rdf.or.kr)
SIIRD
Israel - Singapore
(www.siirdf.com)
VISTECH Israel- Victoria/Australia
For further details on each of these funds see website address or contact OCS directly.
Bi-Lateral R&D programs
• The Government of Israel through the OCS has signed agreements together with other governments to
actively support and encourage industrial R&D cooperation between Israeli and overseas industries.
• International industrial R&D cooperation will usually include access to know-how and technologies that
are not otherwise readily available to the participants as well as access to new markets and the needs of
the captive market of each industry.
• Matimop operates several R&D agreements with Italy, Belgium, Ireland, Germany, Holland, Spain,
Portugal, Finland, France, Sweden, India, Turkey, Hong Kong, China, Ontario (Canada) and Maryland
(USA). For improved services, dedicated desks operate with France and Germany.
• The programs enable access to sources of national funding; Israeli companies taking part in the program
are entitled to receive R&D grants from the OCS.
US-Israel Science & Technology Commission
• The US-Israel Science & Technology Commission creates an infrastructure for bi-national collaboration
at the highest levels of government, academia and industry.
• The Commission acts for the removal of impediments and the development of a seamless work
environment for conducting business and maximizing the contribution of science and technology to
economic growth.
• The Commission focuses on Information Technology, Biotechnology, Harmonization of Standards and
Regulations, Homeland Security and Nanotechnology.
54
2006
Israel's Trade Figures with Selected Countries
Millions of Dollars
Countries
1985
Export
2000
Import
2004
2005
Export
Import
Export
Import
Export
Import
World
6,084
8,021
31,404
35,750
38,618
40,969
42,588
44,943
Europe
2,327
4,527
10,429
18,935
13,047
21,788
14,975
22,501
E.U.
2,066
3,899
8,527
15,466
10,721
16,813
12,248
17,348
Italy
249
411
804
1,721
810
1,566
878
1,733
13
16
309
327
136
370
160
367
Belgium
236
991
1,873
3,548
2,898
4,131
3,679
4,558
Germany
329
898
1,521
2,673
1,361
3,090
1,353
2,895
Denmark
20
34
75
151
84
139
97
187
Netherlands
276
221
899
1,437
1,233
1,484
1,249
1,627
U.K
Ireland
477
754
1,358
2,715
1,448
2,483
1,643
2,552
Greece
53
17
168
139
246
174
203
227
Spain
30
77
436
685
616
652
705
614
Portugal
32
14
65
85
76
70
73
78
France
262
303
747
1,158
764
1,249
883
1,204
Austria
31
45
93
117
84
204
80
203
Finland
23
44
63
281
130
315
121
263
Sweden
35
74
148
414
112
329
140
365
E.F.T.A
158
564
549
1,995
840
2,776
967
2,546
Norway
25
17
43
72
53
80
63
67
133
546
502
1,918
782
2,686
898
2,465
146
473
319
688
416
1,056
34
13
434
587
814
1,167
919
1,221
Hungary
5
8
63
62
78
171
75
144
Poland
0
0
142
41
122
79
145
94
10
20
94
64
136
98
187
101
North America
2,213
1,785
12,230
7,003
14,913
6,367
16,190
6,383
U.S.A
2,138
1,679
11,734
6,646
14,175
6,099
15,498
6,042
Canada
65
103
283
341
395
247
478
320
Mexico
10
3
213
17
343
21
214
22
Asia
535
285
5,817
5,202
7,121
7,132
7,674
8,215
Japan
1,238
Switzerland
Russia
Turkey
Romania
210
186
839
1,187
782
1,197
792
Jordan
0
0
39
37
133
51
116
61
China
0
0
262
602
787
1,418
743
1,888
India
17
13
557
535
1,038
1,108
1,224
1,276
Korea Rep.
13
8
396
650
418
760
446
853
Hong Kong
190
25
1,384
898
1,908
1,178
2,373
1,278
Thailand
15
19
341
321
465
401
448
409
Singapore
54
9
327
229
362
246
366
331
S. America
119
99
604
301
777
540
816
941
Brazil
31
38
320
79
488
207
469
167
Argentina
12
36
100
70
55
136
69
137
107
187
546
373
534
381
758
303
64
175
270
287
235
291
271
183
0
0
59
21
29
29
93
49
63
46
245
149
449
82
450
126
Africa
S.Africa
Egypt
Oceania
55
2006
ECONOMIC & TRADE
REPRESENTATIVES ABROAD
ANGOLA
Mr. Avi Benjamin
Ambassador
Embassy of Israel
Rua Rainha Ngina 34
Edificio Siscal Luanda
Tel: (+244.2) 2239-7331/5295
Fax: (+244.2) 2239-6366
E-mail: [email protected]
ARGENTINA
Mr. Modi Efraim
Counsellor
Embassy of Israel
Ave. de Mayo 701, 10th floor
C.P. 1084
Buenos Aires
Tel: (+54.11) 4338-2519/20
Fax: (+54.11) 4338-2617
E-mail: buenosaires@moital
.gov.il
Site: www.israeltrade.gov.il/
argentina
AUSTRALIA
Ms. Nili Shalev
Trade Commissioner
Israel Trade Commission
6/37 York St.
Sydney, NSW 2000
Tel: (+61.2) 9262-3943
Fax: (+61.2) 9262-5242
australia
56
AUSTRIA
Mr. Yoram Giladi
Consul for Economic Affairs
Embassy of Israel
Anton Frank – Gasse 20
A-1180 Vienna
Tel: (+43.1) 4764-6504
Fax: (+43.1) 4764-6576
E-mail: [email protected].
gov.il
austria
AZERBAIJAN
Mr. Arthur Lenk
Ambassador
Embassy of Israel
1033 Izmir St.
Hyatt Tower 3
Baku
Tel: (+994.12) 4907-885
Fax: (+994.12) 4907-892
.gov.il
BELARUS
Mr. Zeev Ben Arie
Ambassador
Embassy of Israel
Partizansky Prospekt 6A
Minsk
Tel: (+375.17) 2200-958
Fax: (+375.17) 2208-873
BELGIUM
Ms. Natalie Gat
First Secretary - Economic
Affairs
Embassy of Israel & Mission of
Israel to the EU
40 Av. de l’Observatoire
Brussels 1180
Tel: (+32.2) 3735-534/5
Fax: (+32.2) 3735-666
belgium
BRAZIL
Ms. Rona Kotler – Ben Aroya
First Secretary – Economic
Affairs
Israel Economic Office
Av. Brig. Faria Lima, 1713
S.P. 01452-001
Sao Paul
Tel: (+55.11) 3032-3511
Fax: (+55.11) 3032-9233
Site: www.israeltrade.gov.il/brazil
BULGARIA
Mr. Michael Khoury
First Secretary - Economic
Affairs
(Resident in Greece)
Ms. Zarina Benoun
Trade Secretary
Embassy of Israel
1 Bulgaria Square N.D.K
Administrative Building, 7th Fl.
Sofia 1463
Tel: (+359.2) 9516-962/5044
Fax: (+359.2) 9521-101
bulgaria
CAMEROON
Ms. Anat Sultan-Dadon
Second Secretary
Embassy of Israel
P.O.B 5934
Yaoundé
Tel: (+237) 2201-644, 2211-291
Fax: (+237) 2210-823
gov.il
CANADA – Montreal
Ms. Sandra Winston
Deputy Trade Commissioner
Israel Economic Mission
1155 Blvd. Rene Levesque W.
Suite 2620
Montreal, Quebec H3B 4S5
Tel: (+1.514) 9408-518
Fax: (+1.514) 9408-520
CANADA – Toronto
Mr. Ephraim Shoham
Counsellor – Economic Affairs
Israel Economic Mission
180 Bloor St. West, Suite 700
Toronto, Ontario M5S 2V6
Tel: (+1.416) 6408-540
Fax: (+1.416) 6408-546
canada_toronto
CHILE
Mr. George Lambeth
Head of Commercial
Department
Ms. Gili Sharir
Second Secretary
Embassy of Israel San Sebastian
2812, Piso 5 Las Condes
P.O.B. 146 Stgo 35 Santiago
Tel: (+562) 7500-518
Fax: (+562) 7500-549
.gov.il
COLOMBIA
Mr. Edwin Yabo
First Secretary
Embassy of Israel
Edificio Caxdac Calle 35
7-25 Piso 14
Bogota
Tel: (+57.1) 3277-500
Fax: (+57.1) 3277-555
E-mail:[email protected]
COSTA RICA
Mr. Gadi Spieler
Second Secretary
Embassy of Israel
CHINA – Beijing
Economic & Commercial
Mr. Oded Arbel
Department
Edificio Centro Colon
Affairs
Piso 11, Aprd. 5147-1000
Ms. Iris Tal-Arbel
Commercial Attaché
San Jose
Embassy of Israel
Tel: (+506) 2216-011
No. 17 Tian Ze Lu
Fax: (+506) 2570-867
Chaoyang District Beijing 100600 E-mail: trading@sanjose.
Tel: (+86.10) 8532-0664
mfa.gov.il
Fax: (+86.10) 8532-0612
Site: http://sanjose.mfa.gov.il
Site: http://www.israeltrade.org.cn
CYPRUS
Ms. Revital Malca
CHINA – Hong Kong
First Secretary
Mr. Dan Ben Eliezer
Embassy of Israel
Consul General
4 Grypari St.
Consulate General of Israel
P.O.B. 25159
Admiralty Center 701
Nicosia 1307
Tower 2, P.O.B 245 Hong Kong
Tel: (+357.2) 2369-524
Tel: (+852) 2821-7508/9
Fax: (+357.2) 2666-338
Fax: (+852) 2865-0220
E-mail: economy@hongkong.
gov.il
mfa.gov.il
Site: http://hongkong.mfa.gov.il
CZECH REPUBLIC
Mr. Ronen Katz
CHINA – Shanghai
Affairs
Mr. Uri Gutman
(Resident in Poland)
Consul General
Embassy of Israel
Badeniho St. 2
New Town Mansion
th
Prague 7, 17000
55 Loushanguan Ro., 7 Fl.
Tel: (+420.2) 3309-7500/41/42
Shanghai 200336
Fax: (+420.2) 3309-7549
Tel: (+86.21) 6209-8008 ext.
502
Fax: (+86.21) 6209-8010
czech-republic
E-mail:
[email protected]
Site: http://shanghai.mfa.gov.il
2006
DENMARK
Mr. Soeren Brunsgaard
Trade Officer
Embassy of Israel
Lundevangsvej 4
2900 Hellerup
Copenhagen
Tel: (+45) 8818-5523
Fax: (+45) 8818-5555
E-mail: trade@copenhagen.
mfa.gov.il
Site: www.embassy-of-israel.dk
Mr. Roey Fisher
Affairs
(Resident in The Netherlands)
DOMINICAN REPUBLIC
Mr. Yoav Bar-On
Ambassador
Embassy of Israel
Pedro Henriquez Urena 80
Apartado Postal 1404
Santo Domingo
Tel: (+1.809) 4720-774/5
Fax: (+1.809) 4721-785
E-mail: info@santodomingo.
mfa.gov.il
ECUADOR
Mr. Dani Saban
Ambassador
Embassy of Israel
Ave. 12 de Octubre 1059
Y.General
Salasar Ed. Plaza 2000 Quito
Tel: (+593.2) 2237-474
Fax: (+593.2) 2238-055
E-mail: israemb@interactive.
net.ec
EGYPT
Ms. Ruth Lande
Second Secretary
Embassy of Israel
6 Ibn El Malek St. Giza
Cairo
Tel: (+20.2) 3321-500/20/21
Fax: (+20.2) 3321-555
gov.il
57
EL SALVADOR
Mr. Jonathan Peled
Ambassador
Embassy of Israel
Centro Financiero Gigante
63 Ave. Sury Alameda
Roosevelt
Torre B, Piso 11
San Salvador
Tel: (+503) 2211-3434
Fax: (+503) 2211-3443
E-mail: ambassador@integra.
com.sv
ERITREA
Mr. Menahem Kanafi
Ambassador
Embassy of Israel
32 Ogaden St.
P.O.B 5600
Asmara
Tel: (+291.1) 188-626
Fax: (+291.1) 188-550
E-mail [email protected]
ETHIOPIA
Mr. Yiftah Curiel
Second Secretary
Embassy of Israel
Higher16, Kebele 22
House No. 283
P.O.B 1266
Addis Ababa
Tel: (+251.11) 6460-999
Fax: (+251.11) 6461-961
.gov.il
58
FINLAND
Mr. Mordechai Ish-Shalom
Minister – Economic Affairs
(Resident in Stockholm)
Mr. Kalevi Von Behr
Trade Officer
Embassy of Israel Vironkatu 5A
00170 Helsinki
Tel: (+358.9) 6812-0226
Fax: (+358.9) 1356-959
finland
2006
FRANCE
Mr. Natan Tsror
First Secretary – Commercial
Affairs
Embassy of Israel
3 Rue Rabelais
75008 Paris
Tel: (+33.1) 4076-5460
Fax: (+33.1) 4076-532
france
GUATEMALA
Mr. Christian Cantor
Second Secretary
Embassy of Israel
13 Avenida 14-07 Zona 10
Colonia Oaklend
Guatemala City
Tel: (+502) 2333-4624
Fax: (+502) 2333-6950
.gov.il
[email protected]
GEORGIA
Ms. Meira Sagy
Deputy Head of Mission
Embassy of Israel
61 Achmashenebeli Ave.
380002 Tbilisi
Tel: (+995.32) 951-709, 964-457
Fax: (+995.32) 955-209
.il
HUNGARY
Mr. Joseph Peri
Minister Counsellor for
Economic Affairs
(Resident in Austria)
Zsuzsanna Szikszay
Trade Officer – Economic
Department
Embassy of Israel
H-1026 Budapest, Fullánk u.8.
Tel: (+36.1) 3926-283/0
Fax: (+36.1) 2000-787
E-mail: budapest@israeltrade.
gov.il
Site: www.moital.gov.il/hungary
GERMANY
Ms. Stel Pinhasov-Beck
Affairs
Embassy of Israel
Auguste-Viktoria St. 74
14193 Berlin
Tel: (+49.30) 2064-490
Fax: (+49.30) 2064-4955
germany
GREECE
Mr. Michael Khoury
Affairs
Embassy of Israel
1 Marathonodromou St.
Paleo Psychico
15452 Athens
Tel: (+30.210) 6727-351
Fax: (+30.210) 6722-025
greece
INDIA – Mumbai
Mr. Dan Zonshine
Consul General
Ernest House, N.C.P. Marg 194
Nariman Point 16
Mumbai 400 021
Tel: (+91.22) 2282-2822
Fax: (+91.22) 2282-4727
INDIA – New Delhi
Mr. Tzachi Zeltzer
Affairs
Embassy of Israel
3 Aurangzeb Rd.
New Delhi 1100011
Tel: (+91.11) 2301-3238
Fax: (+91.11) 2301-5304
E-mail: economy@newdelhi.
mfa.gov.il
india_delhi
IRELAND
Mr. Colin Sheena
Head of Commercial Section
Embassy of Israel
Carrisbrook House
122 Pembroke Rd.
Ballsbridge
Dublin 4
Tel: (+353.1) 2309-415/00
Fax: (+353.1) 2309-415
ireland
www.embassyofisrael.ie
ITALY – Milan
Mr. Gal Mor
Israel Commercial & Investment
Office
Corso Europa 12
Milan 20122
Tel: (+390.2) 7601-5545
Fax: (+390.2) 7601-4145
Site: www.israeltrade.gov.il/italy
ITALY – Rome
Mr. Mordechay Rodgold
Embassy of Israel
Via Michele Mercati 14
00197 Rome
Tel: (+39.06) 3619-8673
Fax: (+39.06) 3619-8555
gov.il
IVORY COAST
Mr. Michael Arbel
Ambassador
Embassy of Israel
Ave. Chardy
Immeuble Nur El Hayat, 9e etage
01 B.P. 1877
Abidjan 01
Tel: (+225) 2021-4953
Fax: (+225) 2021-8704
JAPAN
Mr. Amiram Halevy
Embassy of Israel
3 Nibancho Chiyoda-ku
Tokyo 102-0084
Tel: (+81.3) 3264-0398/911
Fax: (+81.3) 3264-0829
Site: www.israeltrade.gov.il/japan
JORDAN
Mr. Danny Nevo
Embassy of Israel
47 Maysaloun St. Rabiya
P.O.B 950866 Amman 111195
Tel: (+962.6) 5503-500
Fax: (+962.6) 5524-689
KAZAKHSTAN
Mr. Michael Lotem
Ambassador
Embassy of Israel
Zheltoxan St. 87 Almaty
Tel: (+7.3272) 506-215/6/7/84
Fax: (+7.3272) 506-283
E-mail: ambassador@almaty.
mfa.gov.il
KENYA
Mr. Shahar Azani
Embassy of Israel
Bishop Rd.
P.O.B. 30354 Nairobi
Tel: (+254.20) 2722-182/3
Fax: (+254.20) 2715-966
KOREA (South)
Mr. Alon Shlesinger
Affairs
Embassy of Israel
18th Fl. Cheonggye 11 Bldg.
149 Seorin-dong, Jongro-gu
Seoul, 110-726
Tel: (+82.2) 3210-8576
Fax: (+82.2) 7399-963
Site: www.israeltrade.gov.il/korea
2006
LATVIA
Mr. David Levy
Second Secretary
Embassy of Israel to the Baltic
States 2 Elizabetes St.
Riga LV-1010
Tel: (+371) 7321-092/0980
Fax: (+371) 7830-170
[email protected]
Site: www.riga.mfa.gov.il
MAURITANIA
Mr. Boaz Bismut
Ambassador
Embassy of Israel
Tevragh – Zeina
Ilot-A-516
Nouakchott
Tel: (+222) 5254-610/8235
Fax: (+222) 5254-612
gov.il
MEXICO
Mr. Joshua Peleg
Affairs
Embassy of Israel
Sierra Madre 215
Lomas de Chapultepec
11000 Mexico City
Tel: (+52.55) 5201-1582
Fax: (+52.55) 5201-1558
mexico
MYANMAR – Burma
Ms. Ethy Levy
Affairs
(Resident in Bangkok)
Ms. Ruth Shats
Ambassador
Embassy of Israel
15, Khbaung St.
Hlaing Township Yangon
Tel: (+95.1) 515-115
Fax: (+95.1) 515-116
Site: http://yangon.mfa.gov.il
59
NEPAL
Mr. Dan Stav
Ambassador
Embassy of Israel
Bishramalaya House, Lazimpat
St. G.P.O.B. 371
Kathmandu
Tel: (+977.1) 411-811, 413-419
Fax: (+977.1) 413-920
ov.il
Site: http://kathmandu.mfa.gov.il
THE NETHERLANDS
Mr. Roey Fisher
Affairs
Embassy of Israel
Buitenhof 47
2513 AH
The Hague
Tel: (+31.70) 3760-513
Fax: (+31.70) 3760-594
netherlands
NIGERIA
Mr. Yair Frommer
Second Secretary
Embassy of Israel
Plot 1317
A&B Udo Udoma
Crescent Zone 4A
Asokoro District-Abuja
Tel: (+234.9) 3143-170 /4
Fax: (+234.9) 3143-177
60
NORWAY
(Resident in Stockholm)
Mr. Andreas Lorange
Trade Officer
Embassy of Israel
Box 534 Skoyen N-0214 Oslo
Tel: (+47) 2101-9513
Fax: (+47) 2101-9530
norway
PERU
Mr. Lior Keinan
Second Secretary
Embassy of Israel
Natalio Sanchez 125, Piso 6
Santa Beatriz
Lima
Tel: (+51.1) 4334-431
Fax: (+51.1) 4338-925
PHILIPPINES
Mr. Guy Feldman
Second Secretary
Embassy of Israel
Trafalgar Plaza, 23 Fl.
105 H.V. Dela Costa St.
Salcedo Village, Makati City
Manila
Tel: (+63.2) 8940-441/2/3
Fax: (+63.2) 8941-027
Site: http://kathmandu.mfa.gov.il
POLAND
Mr. Avi Freedman
Embassy of Israel
Krzywickiego 24
Warsaw 02-078
Tel: (+48.22) 5970-515/549
Fax: (+48.22) 8251-410
poland
PORTUGAL
Mr. Amos Wohl
Minister Counsellor
– Economic Affairs
(Resident in Madrid)
Ms. Martha Steinhardt
Trade Officer
Embassy of Israel
Rua Antonio Enes 16-4
Lisbon 1050-025
Tel: (+351.21) 3553-643
Fax: (+351.21) 3553-656
portugal
2006
QATAR
Mr. Dov Steinberg
Head of Mission
Israel Trade Representation
Office
18 Razy Rd.
P.O.B. 22183
Doha
Tel: (+974) 4689-077
Fax (+974) 4685-258
ROMANIA
Mr. Arnon Arbel
Affairs
Embassy of Israel
Blvd. Dimitrie Cantemir. 1
Sitraco Center
Bucharest 4
Tel: (+40.21) 3189-407/8
Fax: (+40.21) 3189-413
E-mail: Bucharest@israeltrade.
gov.il
romania
RUSSIAN FEDERATION
Mr. Yehezkel Pollyack
Counsellor – Economic,
Commercial & Tourism Affairs
Embassy of Israel
56 Bolshaya Ordynka St.
Moscow 101000
Tel: (+7.495) 2306-700/779
Fax: (+7.495) 2301-208
russia
SENEGAL
Mr. Daniel Pinhasi
Ambassador
Ms. Hamutal Rogel
Second Secretary
Embassy of Israel
3 Place de l’Independance
B.P. 2096, Dakar
Tel: (+221) 8233-561/8355/7965
Fax: (+221) 8236-490
SERBIA – MONTENEGRO
Ms. Hadas Wittenberg
Second Secretary
Embassy of Israel
47 Bul. Mira (Dedinje)
Belgrade
Tel: (+381.11) 3672-400
Fax: (+381.11) 3670-304
SINGAPORE
Ms. Anat Katz
Affairs
Embassy of Israel
24 Stevens Close
Singapore, 257964
Tel: (+65) 6834-9220
Fax: (+65) 6737-2502
Site: www.israelbiz.org.sg
SOUTH AFRICA
Mr. Ilan Fluss
Counsellor
Embassy of Israel
428 Kings Highway
Lynnwood 0081
Pretoria
Tel: (+2712) 3485-204/ 4703-504
Fax: (+2711) 4703-555
SPAIN
Mr. Amos Wohl
Minister Counsellor – Economic
& Commercial Affairs
Embassy of Israel
Velazquez 150, 7th Fl.
Madrid 28002
Tel: (+34.91) 7829-529/20
Fax: (+34.91) 5640-002
Site: http://www.israeltrade.gov.il/
spain
2006
SWEDEN
Embassy of Israel
Torstenssonsgatan 4
P.O.B 14006
S-10440 Stockholm
Tel: (+46.8) 6639-270, 5280-6580
Fax: (+46.8) 6604-406
sweden
TURKEY
Mr. Arie Cal
Buyukdere Cad. Yapi Kredi Plaza
C Blok Kat 7 4 Levent 80620
Istanbul
Tel: (+90.212) 3176-548
Fax: (+90.212) 3176-549
turkey
SWITZERLAND
Mr. Ami Levin
Affairs Deputy Permanent
Representative to the WTO
Permanent Mission of Israel to the
U.N & International Organisation
1-3, Rue de la Paix 1202 Geneva
Tel: (+41.22) 7160-507
Fax: (+41.22) 7160-416
switzerland
UKRAINE
Mr. Valerie Golodivsky
Senior Trade Officer
Economic Department
Embassy of Israel
34 L. Ukrainki Blvd. Kiev 01901
Tel: (+380.44) 2855-718
Fax: (+380.44) 2849-748
Site: http://kiev.mfa.gov.il
TAIWAN
Mr. Hovav Ref
Director of Economic Affairs
Israel Economic & Cultural
Office
ITB, Rm. 2408, 24th Fl.
333 Keelung Rd. Sec 1
Taipei 110
Tel: (+886.2) 2757-7221/2
Fax: (+886.2) 2757-7197
taiwan
UNITED KINGDOM
Mr. Gil Erez
Minister – Commercial Affairs
Embassy of Israel
2 Palace Green
London W8 4QB
Tel: (+44.207) 9579-525/6
Fax: (+44.207) 4168-185
Mr. Moshe Langerman
Tel: (+44.207) 9579-528/9
Fax: (+44.207) 9579-593
united-kingdom
THAILAND
Ms. Ethy Levy
and Trade Affairs
Embassy of Israel
75 Soi Wattana Sukhumvit Rd.
Soi 19 Bangkok 10110
Tel: (+66.2) 2049-240/1
Fax: (+66.2) 2049-245
thailand
URUGUAY
Mr. Joel Barnea
Ambassador
Embassy of Israel Bulevar
Artigas 1585 Montevideo
E-mail: economic@montevideo
.mfa.gov.il
Mr. Leo Vinovezky
Second Secretary
Tel: (+598.2) 4004-164
Fax: (+598.2) 4095-821
61
U.S.A – Chicago
Ms. Noa Asher
Consul for Economic Affairs
Israel Trade and Investment
Center 111 East Wacker Drive,
Suit 1230
Chicago, Illinois 60601
Tel: (+1.312) 3322-160
Fax: (+1.312) 3322-163
chicago
U.S.A – Houston
Mr. Joseph (Joey) Abraham
Consul – Economic Affairs
Government of Israel Economic
Office
2 Riverway, Suite 740
Houston, Texas 77056
Tel: (+1.713) 5990-290
Fax: (+1.713) 5990-296
U.S.A – Los Angeles
Mr. Shai Aizin
Consul – Economic Affairs
Government of Israel
6380 Wilshire Blvd. Suite 1700
Los Angeles, California 90048
Tel: (+1.323) 6587-924
Fax: (+1.323) 6510-572
E-mail: Shai.Aizin@Israeltrad
e.gov.il
Site: www.israeleconomicla.
com
62
U.S.A – New York
Mr. Yair Shiran
Minister for Economic Affairs,
North America
Government of Israel
Economic Mission
800 Second Av.
New York 10017
Tel: (+1.212) 4995-610
Fax: (+1.212) 4995-615
U.S.A – San Francisco
Mr. Tzach Segal
Director of Business
Development
456 Montgomery St. Suite 2100
San Francisco CA 94104
Tel: (+1.415) 8447-500/9
Fax: (+1.415) 8447-555
E-mail: economic@sanfrancisco.
mfa.gov.il
U.S.A – Washington
Mr. Ron Dermer
Minister - Economic Affairs
Tel: (+1.202) 3645-691/500
Fax: (+1.202) 3645-647
Embassy of Israel
3514 International Drive N.W.
Washington D.C. 20008
UZBEKISTAN
Mr. Ami Mehl
Ambassador
Embassy of Israel
3 Kahar St.
Tashkent
Tel: (+998.71) 1205-808/9/10
Fax: (+998.71) 1205-812
E-mail: ambassador@tashkent.
mfa.gov.il
VENEZUELA
Ms. Livia Link
Second Secretary
Embassy of Israel
Avenida Fransisco de Miranda
Edif. Centro Empresarial de
Miranda
Piso 4, Oficina 4D
Los Ruices 70081
Caracas
Tel: (+58.212) 2394-511 /21
Fax: (+58.212) 2394-320
[email protected]
2006
VIETNAM
Mr. Efi Ben Matityahu
Ambassador
E-mail [email protected]
Site: http://hanoi.mfa.gov.il
Embassy of Israel
68 Nguyen Thai-Hoc
P.O.B. 003
Hanoi
Tel: (+84.4) 8433-140/3/4
Fax: (+84.4) 8435-760
Ms. Ethy Levy
Counsellor – Economic and
Trade Affairs
(Resident in Bangkok)
2006
Published by The Ministry of Industry, Trade & Labor
5 Bank of Israel Street, Jerusalem, Israel
Tel (+972 2) 6662000
Planning Research and Economics Administration
http://www.moital.gov.il/israeleconomy
Tel (+972 2) 5600301
In cooperation with
Foreign Trade Administration
Tel (+972 2) 6662672
Editor: Mr Howard Ross
Sources of Data:
The Central Bureau of Statistics
Ministry of Industry, Trade & Labor
Ministry of Finance
Ministry of the Environment
Bank of Israel
International Publications
Graphics Design – Moshe Meitar
Ministry of Industry Trade & Labor
www.moital.gov.il
63

THE ISRAELI ECONOMY AT A GLANCE 2006

Transcription

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