Analysts say the surprise was not the downgrade but the negative outlook. Israel Business Forum: It's not too late for the government to change budget priorities.
Reacting to the cut in Israel's rating from A1 to A2, Minister of Finance Bezalel Smotrich said the agency's announcement contained no serious economic arguments.
Israel's fiscal deficit widened to 4.8% of GDP at the end of January 2024, the Ministry of Finance Accountant General has reported, up 0.6% from 4.2% at the end of December 2023.
Israel’s foreign exchange reserves at the end of January 2024 stood at $206.125 billion, up $1.442 billion from their level at the end of December 2023, the Bank of Israel reports.
The move follows an interview with "Globes" in which Livne said that finding a new CEO would take time and that he would remain the company's "spiritual father".
Zwi Williger, founder and chairman of food importer G. Willi Food International has submitted a bid to buy a 24.9% controlling stake in Shufersal at a company valuation of NIS 6.5 billion.
A special procedure initiated by Speaker of the House of Representatives Mike Johnson meant the aid bill needed a two-thirds majority, which it failed to receive.
The Israeli fintech company raised the debt directly for its needs and not for one of the funds that it operates, so the funds could be used for mergers and acquisitions.
There were 59,000 tourist entries into Israel in January 2024, the Central Bureau of Statistics, up from 53,000 in December 2023 but down from 271,000 in January 2023.
Data from "The Wall Street Journal" show that just three months ago the analysts' consensus on Teva's share price was neutral, whereas today it is positive.