Business & Economy

Shas: Tax the Rich, Not the Poor

Shas has proposed replacing a tax on fruits and vegetables with several measures that would target the upper classes.

The global financial crisis has had a paradoxical effect on Israel's pharmaceutical industry: exports were up by 23% in the first quarter of 2009.

After a filibuster session interchanged with a singing session, the Knesset approved to split clauses for future deliberations.

BioMed companies display their products at the 2009 Biomed Israel conference.

Yisrael Beiteinu is threatening to vote against the national budget over a proposed tourism tax. Misezhnikov: Tax would cost NIS 2.4 billion.

The Minister of Tourism is meeting with Russian officials to capitalize on the enormous Russian tourist potential.

Jerusalem will invest a whopping NIS 100 million in health and life science companies in a bid to create jobs in Israel's capital.

More than 100 people have been diagnosed with swine flu in Israel since April – 23 new cases on Sunday alone. A new flu vaccine is ready for tests.

The European Union foreign policy chief says the Hizbullah terrorist organization is a legitimate "member of Lebanese society."

Israel Police blocked nearly two dozen PA Arabs from infiltrating into pre-1967 Israel on Tuesday via a route along the Dead Sea.

Israelis will be enjoying some decreased costs and increased benefits thanks to recent government decisions in several ministries.