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Israeli Economy Brief

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Israeli Economy Brief Powered By Docstoc
					 Ministry of Industry Trade and Labor




THE ISRAELI
 ECONOMY
AT A GLANCE
     2009




          July 2009
  DATA REFERS TO 2008
Dear Friends,

The Israeli economy continued to grow at a relatively fast pace during the year 2008. In
comparison with all developed economies Israel's growth was clearly among the fastest.
Against the backdrop of the global financial crisis, much of the year witnessed further rises
in industrial production as well as in foreign trade.
The very nature of Israel's open economy and international trading activities in diversified
fields, at once exposed Israel to the global crisis whilst allowing for adjustments and
restructuring of the domestic economy.
On the one hand the Israeli economy has been shifting from agricultural and traditional
industrial manufacturing to more knowledge intensive industries and ICT trading and
service provision. On the other hand, much of the traditional industries have been
undergoing technological upgrading in a constant bid to remain competitive and innovative
in the global market place. Success has largely been based on the one major comparative
advantage of the Israeli economy – the availability of a large pool of highly skilled engineers
and technicians.
The continued policies of nurturing and encouraging young students to enter the science-
based fields of engineering and software, coupled with the support granted to companies
engaged in research and development have further enriched the stock of human capital.
The Ministry of Industry Trade and Labor continues under the Netanyahu government,
to encourage investment in the periphery as well as supporting widespread investment in
research and development.
Despite the current downturn in the global markets which adversely affected our economy
in the first quarter of 2009, the outlook for the medium to long term is for strong economic
recovery and growth.
Regional trading with our immediate neighbors has increased and around the globe Free
Trade Agreements with major trading blocs, as well as other international agreements,
further enhanced Israel’s position to trading with a widening range of countries.
With Israel working steadily towards full accession to the OECD we are confident that our
economy will continue to provide unique investment opportunities to an increasing number
of global partners.




Binyamin Ben-Eliezer
Minister of Industry, Trade and Labor.
THE ISRAELI ECONOMY AT A GLANCE
                                                                                     2009
                  INTRODUCTION
          THE ISRAELI ECONOMY AT A GLANCE

          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 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
          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: www.moital@gov.il



          The editor.




                                                                                                5
THE ISRAELI ECONOMY AT A GLANCE
                                                                 2009
              TABLE OF CONTENTS (2008)
         GRAPHS & CHARTS
         Facts & Figures 2008                                   9
         Israel’s Exports of Goods, 2008                        10
         Israel’s Imports of Goods, 2008                        11
         Industrial Exports by Major Branches, 2008             12
         Contribution of Specific Region to Export Growth       13
         Composition of Industrial Exports 1995 vs. 2008        14
         Breakdown of Import Increase by Region                 15
         Resources and Uses of Resources, 2008                  16
         Business Product Composition, 2008                     17
         Quarterly Employment & Unemployment since 2006         18
         Production by Major Industrial Branches, 2008          19
         Consumer Price Inflation Rates, 1998 – 2008            20
         Industrial Production Comparison 2008                  21
         G.D.P. Per Capita, in P.P.P. Terms, 2008               22
         Real G.D.P. Growth Comparison, 2008                    23
         Civillian R&D Expenditure as a % age GDP 2006          24
         Hourly Compensation Cost in Manufacturing, 2007        25
         Technology Indicators Comparison                       26
         Share of ICT Value Added                               27
         Share of ICT Jobs                                      28
         TABLES
         Main Indicators, 2005 – 2008                           30
         Population Employment and Industrial Indicators        31
         Imports of Goods                                       32
         Exports of Goods                                       33
         Service Sector Exports                                 34
         Selected Industrial Policy
         Foreign Trade                                          35
         Invest in Israel Center                                39
         Israel’s International Trade and Economic Agreements   40
         Investment Incentives                                  41
         Employment Grant Program                               45
         Research & Development Incentives                      47
         Industrial Cooperation Authority                       52
         Economic & Trade Representatives Abroad                54




                                                                     7
THE ISRAELI ECONOMY AT A GLANCE
                                                                         2009
                           ISRAEL
                  FACTS & FIGURES 2008
       Figures refer to millions of U.S. $ unless otherwise stated.


               Gross Domestic Product                         198,997
               Business Sector Product                        147,200
               GDP Per Capita (U.S.$)                          27,224
               Investment in Fixed Capital                     35,920
               Imports of Goods (Net)                          64,531
               Exports of Goods (Net)                          51,321
               Industrial Exports*                             46,933
               of which, hi-tech                               17,150
               Imports of Goods and Services**                 84,192
               Exports of Goods and Services**                 80,427
               Population Average (Thousands)                   7,308
               Unemployment Rate (%)                               6.1
               Inflation Rate (CPI-%)                              3.8



                          * Including net polished diamonds




                                                                           9
                           ** Balance of payments figures.
                                 Source: Israel C.B.S
10
                               ISRAEL`S EXPORTS OF GOODS, 2008
                                                         (MILLIONS OF U.S. $)
                                                       TOTAL EXPORTS – 61,322*



                                                                       EFTA
                                                                       1,298 CENTRAL & EASTERN
                                                                                                                             THE ISRAELI ECONOMY AT A GLANCE




                                                                E .U.
                                                                       2.1%     EUROPE 2,813
                                                                17,794
                             NORTH                                                 4.6%
                                                                29.0%
                            AMERICA**
                              21,203
                              34.6%                                                  ASIA***
                                                                                     12,166
                                                                                     19.8%


                                                               AFRICA
                                            LATIN AMERICA       1,468
                                                 1,989          2.4%
                                                                                                 OCEANIA
                                                 3.2%
                                                                                                    787
                                                                                                   1.3%




Unclassified-$1,813 (3.0%)
* Before reduction of returned goods
** 1. N.America including: U.S.A., Canada & Mexico
   2.Export to U.S.A.- $19,973 (32.3%)
                                                                                                                            2009




***Including Asian Republics of former U.S.S.R                                                             Source: C.B.S.
                     ISRAEL`S IMPORTS OF GOODS, 2008
                                                    (MILLIONS OF U.S. $)
                                                  TOTAL IMPORTS – 65,173*



                                                                   EFTA
                                                                   4,044 CENTRAL & EASTERN
                                                            E .U.
                                                                   6.2%     EUROPE 3,104
                                                            22,513
                    NORTH                                                      4.8%
                                                            34.5%
                   AMERICA**
                     8,660
                                                                                                                THE ISRAELI ECONOMY AT A GLANCE




                     13.3%                                                       ASIA***
                                                                                 13,713
                                                                                 21.0%


                                                           AFRICA
                                   LATIN AMERICA             734
                                        1,086               1.1%
                                                                                             OCEANIA
                                        1.7%
                                                                                                262
                                                                                               0.4%




     Unclassified-$11,057 (17.0%)
     * Before reduction of returned goods
     ** 1. N.America including: U.S.A., Canada & Mexico
        2.Import from U.S.A.- $8,034 (12.3%)
     ***Including Asian Republics of former U.S.S.R                                           Source: C.B.S.
                                                                                                               2009




11
12
                                      INDUSTRIAL EXPORT BY
                                      MAJOR BRANCHES, 2008
                       Total Industrial Exports                                               Exports Excluding Diamonds
                       46,933* Millions of U.S.$                                                40,634* Millions of U.S.$
                                                                                                                                                      THE ISRAELI ECONOMY AT A GLANCE




                                                                               ELECTRICAL,
                        FOOD & DRINK, 2%             MINING &                  ELECTRONIC              FOOD & DRINK, 2%      MINING &
                                                   MINERALS, 5%               &TRANSPORT,                                  MINERALS, 6%
 DIAMONDS, 13%
                                                                                   33%
                                                              CHEMICALS &
                                                              PLASTIC, 35%




  ELECTRICAL,                                                                                                                         CHEMICALS &
                                                              OTHERS, 2%       METALS &
  ELECTRONIC                                                                                      TEXTILES                            PLASTIC, 40%
                                                                             MACHINERY, 14%
 &TRANSPORT,                                TEXTILES                                             CLOTHING &
                   METALS &                                                                                         OTHERS, 2%
      29%                                  CLOTHING &                                            LEATHER, 3%
                 MACHINERY, 12%            LEATHER, 2%




                 *Including Net Polished Diamonds                                                                           Source: Israel C.B.S
                                                                                                                                                     2009
        CONTRIBUTION OF SPECIFIC REGION
              TO EXPORT GROWTH
                                2008 Compared to 2000
                             Increment of $ 29,918 million


                        Unclassified,
                Asia,
                            1%            Central & Eastern
                21%                                               Western Europe,
                                             Europe, 5%
                                                                                                   THE ISRAELI ECONOMY AT A GLANCE




                                                                       33%
     Oceania,
       2%




                                                                     Africa,
       North America,                                                 3%
            30%                               Latin America, 4%



                                                                           Source: Israel C.B.S
                                                                                                  2009




13
14
                               COMPOSITION OF INDUSTRIAL
                                  EXPORTS 1995 VS. 2008
                         TOTAL INDUSTRIAL EXPORTS EXCLUDING DIAMONDS:
                                         IN 1995 -$ 12,302, IN 2008 $ 40,634 MILION


                                                                                                     1
                                                                                                               2
                                                                                                                                           THE ISRAELI ECONOMY AT A GLANCE




                                                                  6
     45,000
                                                                                                                          3
     40,000
     35,000
     30,000
     25,000
     20,000
                                                                                                                      4
     15,000
                                                                            5
     10,000
      5,000
          0
                                                                                              2008
                      1995               2008
                                                                 1- Office & computing equipment              1,019
                                                1995    2008
     HI-TECHNOLOGY INDUSTRIES                   4,549   17,150   2- Electronic components                     1,525
     MID-HI-TECH INDUSTRIES                     3,388   13,125   3- Aircraft industries                       1,587
     MID-LOW-TECH INDUSTRIES                    2,542   8,081    4- Electronic communication equipment        3,830
     TRADITIONAL (LOW-TECH) INDUSTRIES          1,823   2,278    5- Industrial medical & control equipment.   4,219
     TOTAL INDUSTRY                         12,302      40,634   6- Pharmaceutical products                   4,970
                                                                                                                                          2009




                                                                                                                   Source: Israel C.B.S
     BREAKDOWN OF IMPORT INCREASE
             BY REGION
                         2008 COMPARED TO 2000
                      INCREMENT OF: $ 29,426 million.


     %
     35
           30.9
     30             28.9
                                                                                                                      THE ISRAELI ECONOMY AT A GLANCE




                             24.8
     25


     20


     15


     10

                                            5.6           5.5
     5
                                                                        2.6
                                                                                    1.2       0.4
     0
          Western   Asia   Unclassified North America   Central &   Latin America   Africa   Oceania
          Europe                                         Eastern
                                                         Europe




                                                                                              Source: Israel C.B.S
                                                                                                                     2009




15
16
      RESOURCES AND USE OF RESOURCES 2008

           RESOURCES                        USE OF RESOURCES
        (282 BILLION U.S.$)                  (282 BILLION U.S.$)
                                                                                               THE ISRAELI ECONOMY AT A GLANCE




                                       PUBLIC               EXPORTS,
 IMPORTS,                           CONSUMPTION,              28%
    30%                                  18%




                         GROSS        PRIVATE                   GROSS
                       DOMESTIC     CONSUMPTION,               DOMESTIC
                      PRODUCT,70%        41%                INVESTMENT, 13%




                                                                       Source: Israel C.B.S
                                                                                              2009
      BUSINESS PRODUCT COMPOSITION 2008

                                                  Personal
                        Electricity & water   and other services
                                                                                     Agriculture,
                                2.6%                3.1%
                                                                              forestry and fishing 2.4%


 Finance and
   business                                                                                               Manufacturing
    37.0%                                                                                                    23.2%
                                                                                                                                       THE ISRAELI ECONOMY AT A GLANCE




                                                                                                          Construction
                                                                                                             6.7%
               Transportation and
                                                                            Commerce,
                communications
                                                                   restaurants and hotels 14.7%
                     10.2%




                                                                                                               Source: Israel C.B.S
                                                                                                                                      2009




17
18
                       QUARTERLY EMPLOYMENT &
                        UNEMPLOYMENT SINCE 2006                     4 ����� 1������




                                   unemployment (rate)                                           employment (thousands)
     10.0                                                                                                                                            2,850.0


      9.0   8.8         8.8
                                                                                                                                                     2,800.0
                                   8.3

      8.0                                     7.8        7.7        7.6            7.5                                                               2,750.0
                                                                                                                                                                                 THE ISRAELI ECONOMY AT A GLANCE




      7.0                                                                                     6.7
                                                                                                                                          6.5        2,700.0
                                                                                                         6.1                   6.0
                                                                                                                    5.9
      6.0
                                                                                                                                                     2,650.0
      5.0
                                                                                                                                                     2,600.0
      4.0

                                                                                                                                                     2,550.0
      3.0

                                                                                                                                                     2,500.0
      2.0


      1.0                                                                                                                                            2,450.0


      0.0                                                                                                                                            2,400.0
             I - III     IV - VI   VII - IX    X - XII    I - III    IV - VI       VII - IX    X - XII    I - III    IV - VI   VII - IX    X - XII




                        2006                                            2007                                           2008
                                                                          Page 1                                                                         Source: Israel C.B.S
                                                                                                                                                                                2009
            INDUSTRIAL PRODUCTION* BY MAJOR
                     BRANCHES, 2008
                                                       PERCENTAGE BREAKDOWN


                                                               **LIGHT INDUSTRY                   FOOD & DRINK
                                                                      7%                              14%

                 ELECTRICAL, ELECTRONIC &
                        TRANSPORT                                                                                      MINING & MINERALS
                           25%                                                                                                4%
                                                                                                                                                                      THE ISRAELI ECONOMY AT A GLANCE




                                                                                                                        CHEMICALS & PLASTIC
                                                                                                                               34%
                           METALS & MACHINERY
                                   13%                                    TEXTILES CLOTHING &
                                                                                LEATHER
                                                                                   3%




       * Excluding diamonds
       ** Light industry includes: wood, paper, printing, furniture and jewellery.                                 Source: C.B.S Ministry of Industry Trade Labor.
 * Excluding diamonds.
 **Light industries includes: wood, paper, printing, furniture & jewellery.                     SOURCE: Israel C.B.S. and Ministry of Industry, Trade & Labor
                                                                                                                                                                     2009




19
20
                  CONSUMER PRICE INFLATION RATES
                             1998-2008
                                            ANNUAL PERCENTAGE CHANGE*

                10
                        8.6
                 8
                                                          6.5
                                                                                                                            THE ISRAELI ECONOMY AT A GLANCE




                 6

                                                                                                          3.8
                 4                                                                             3.4
                                                                               2.4
                 2                 1.2             1.4                  1.2
                                             0
                 0
                                                                                      -0.1
                -2
                                                                 -1.9
                -4
                       1998      1999       2000   2001   2002   2003   2004   2005   2006    2007       2008
                                                                                                                           2009




 * Year end compared to previous year end                                               Source: C.B.S - Prices Division.
       INDUSTRIAL PRODUCTION 2008
     REAL ANNUAL PERCENTAGE CHANGE
                                                                                      (Compared to 2007)
     8
                 7.0

     6
                                4.9

     4                                      3.1
                                                          2.7
                                                                                                                                                                                                                              THE ISRAELI ECONOMY AT A GLANCE




     2
                                                                       0.4              0.3
     0
                                                                                                    -0.4
                                                                                                                    -0.8        -0.9          -1.0
     -2
                                                                                                                                                             -1.8
                                                                                                                                                                             -2.2           -2.2
     -4                                                                                                                                                                                                    -3.2
                                                                                                                                                                                                                      -4.3
     -6
                 el          p.             ea            nd           ay                y          k               nd          ey              d            lic             es                 e       an             al
            ra             Re          or            la            w                  an          ar            a             rk             an          b              at             a   nc          p              g
          Is           k              K           Po            or               rm            nm            nl                        Ir el          pu              St            Fr              Ja            rtu
                    va                                         N             e                e         Fi                 Tu                                     d                                           Po
                                                                            G                D                                                      Re          te
                 Slo                                                                                                                           h              ni
                                                                                                                                             ec              U
                                                                                                                                          Cz


                                                                                                                                                         Source: OECD - Main Economic Indicators, Israel C.B.S.
                                                                                                                                                                                                                             2009




21
22
                                 G.D.P per Capita, in P.P.P* , 2008
                                                                                            U.S. Dollars


     50,000
                    46,859
                                42,539
     45,000
                                             37,266
     40,000                                                  36,523
                                                                                                                                                                                                                                      THE ISRAELI ECONOMY AT A GLANCE




                                                                       34,208     34,100
     35,000
                                                                                              30,620
     30,000                                                                                              28,206      27,644
                                                                                                                                        27,060
                                                                                                                                                             25,395
     25,000
                                                                                                                                                                             22,190                22,040
                                                                                                                                                                                                               19,499
     20,000

     15,000                                                                                                                                                                                                                 13,138

     10,000

      5,000

           0
                      s               d          k                        e            n          in       el                                 d                                    al                .              ry        y
                    te           an           ar               om       nc        pa          a          ra          rea                  n                      ep            g                   ep                       ke
                  ta           el            m              gd       ra                                Is                              la                    R             rtu                    R            ga         ur
                 S        Ir                                        F           Ja         Sp                     Ko                ea                  ch                                    k              un          T
             d                             en         K   in                                                                      Z                                   Po                   va            H
          te                              D                                                                                                           ze                               o
        ni                                        d                                                                          ew                   C                                 Sl
       U                                       te                                                                        N
                                             ni
                                            U



                                                                                                       *Purchasing Power Parities
                                                                                                       Source: International Monetary Fund, World Economic Outlook Database, 2008.
                                                                                                                                                                                                                                     2009
                                                           REAL GDP GROWTH 2008*
      %
      6

                 5.0
      5

                              4.0
      4
                                                  3.2
      3

                                                                2.1
      2
                                                                                1.3
                                                                                                                                                                                                                                                                     THE ISRAELI ECONOMY AT A GLANCE




                                                                                                  1.1              1.1
                                                                                                                                       0.9
      1                                                                                                                                                  0.7             0.7              0.7

                                                                                                                                                                                                      0.0
      0
                                                                                                                                                                                                                     -0.2
     -1                                                                                                                                                                                                                            -0.7
                                                                                                                                                                                                                                              -1.1

     -2

                                                                                                                                                                                                                                                             -2.3
     -3

                  d           l                              ay                 y                ey                es                                                 ea                  e               l          en             n          k
               an         rae                  lic          w                 an             k                  at               a   nd                 om          ar               nc              ga                          pa         ar               nd
            ol         Is                    ub                           m               ur                 St               nl                     gd                            ra             rtu              ed       Ja                             la
          P                                ep            or            er             T                  d               Fi                        in          ro              F                              Sw                         enm         Ire
                                       R                N             G                               te                                       K             Eu                                 Po                                      D
                                   h                                                               ni                                      d
                                ec                                                                U                                    ite
                          Cz                                                                                                       n
                                                                                                                               U



     * EUROSTAT forecasts, except Israel.
                                                                                                                                                                                                                            * Source: Eurostat except Israel
                                                                                                                                                                                                                                                                    2009




23
24
 R&D EXPENDITURE AS A PERCENTAGE OF GDP,
    2006 OR THE LATEST AVAILABLE YEAR
     5.0

               4.5
     4.5


     4.0
                          3.6
                                                                                                                                                                                                                           THE ISRAELI ECONOMY AT A GLANCE




     3.5                               3.4
                                                  3.2       3.2

     3.0

                                                                           2.5
     2.5                                                                                2.4

                                                                                                              2.1
     2.0                                                                                                                     1.9

                                                                                                                                                 1.6
                                                                                                                                                                   1.5
     1.5                                                                                                                                                                          1.3
                                                                                                                                                                                                  1.1
     1.0                                                                                                                                                                                                          0.8


     0.5


     0.0

               el        en                        n       ea               y           k                      s         c   e                   m                ic                              n                   l
             ra                       nd        pa                       an           ar                 a   te                              o                 bl                 nd            ai               ga
           Is          ed          nla       Ja          or          m                                St              an                  gd                                   la          Sp                 rtu
                      w         Fi                      K          er             e nm            d                 Fr                 in                    pu          Ire                                o
                     S                                            G              D              te                                    K                    Re                                           P
                                                                                              ni                                  d                    h
                                                                                            U                                   te                  ec
                                                                                                                             ni                  Cz
                                                                                                                         U


                                                                                                                                                                                       Source: OECD and Israel C.B.S
                                                                                                                                                                                                                          2009




                                                                                                                                                                                        Souce: OECD and Israel C.B.S.
                      HOURLY COMPENSATION COST IN
                          MANUFACTURING, 2007
                                                                               IN U.S. DOLLARS
 45             42.3
 40
                            36.0
                                             34.2
 35
                                                                       29.7         29.0            28.6
 30
                                                                                                                             24.6
                                                                                                                                                                                                             THE ISRAELI ECONOMY AT A GLANCE




 25
                                                                                                                                            19.8
 20
                                                                                                                                                         16.0
 15                                                                                                                                                                       13.9

 10
                                                                                                                                                                                                    5.8
     5

     0
                  k         e   n                 d                     m                d              e                        es         an            e   a                l                     g
                ar                           an                       do            an             nc                       at                         or                 ae                      on
            m            ed             i nl                      g              el              ra                       St          J   ap       K                I   sr                    K
         en            Sw           F                        in               Ir             F                        d                                                                   g
     D                                                      K                                                      te                                                                  on
                                                        d                                                       ni                                                                 H
                                                   te                                                       U
                                                ni
                                            U
                                                                                                                                                                  SOURCE: U.S. Bureau of Labor Statistics
                                                                                                                                                                                                            2009




25
26
                               INFORMATION TECHNOLOGY
                                INDICATORS COMPARISON
                         SELECTED OWNERSHIP PER 100 INHABITANTS, 2005
                                                                    Internet users                Personal Computers                          Cellular subscription

 300



 250
                                                                                                                                                                                                                                                    THE ISRAELI ECONOMY AT A GLANCE




 200   93.31
                       123.5          112.4
                                                         102.2
                                                                         100.7
                                                                                         99.8
 150                                                                                                   95.8
                                                                                                                   79.4                               74.0
                                                                                                                                      101.5                         90.8
       76.14                                                                                                                                                                         96.8
 100
                                                                                                                                                                                                   109.1
                                                         60.0                                                                                                                                                           51.9
                                      73.4                               65.5
                       59.3                                                              61.1                                                         54.2
                                                                                                       54.5            57.9                                                                                                        90.3
                                                                                                                                                                    34.7
  50                                                                                                                                  49.7                                           28.1                               34.7
       75.46                                                                                                                                                                                       13.3
                       50.1           46.6               62.9            52.6            48.9          45.4                                           50.2          46.1                                                            8.9
                                                                                                                       43.2                                                          35.4                               31.6
                                                                                                                                      27.6                                                         28.0                            17.6
   0
          Sw             Ho                 Isra           Un                De            Au            Ge              Fra            Ire             Jap           Be               Sp             Po                  U.S         Gre
             e              ng                   e   l        ite               nm            stri          rm               n              la   nd         a   n        lg               ai   n         rt                   .A          e
                 den             Ko                                 dK            ar k             a             any             ce                                           i um                            uga
                                                                                                                                                                                                                    l
                                                                                                                                                                                                                                              ce
                                      ng,                                ing
                                            Ch                               d
                                                                             om
                                               in   a



                                                                                                                                                                     Source: International Telecommunication Union.
                                                                                                                                                                                                                                                   2009
                     SHARE OF ICT VALUE ADDED IN
                    BUSINESS SECTOR PRODUCT 2006
     20

     18      17.0

     16
                         14.8
                                       13.7
     14
                                                      12.0
     12
                                                                      10.9               10.8           10.7
                                                                                                                                                                                                                                         THE ISRAELI ECONOMY AT A GLANCE




     10
                                                                                                                        8.7
                                                                                                                                            7.9        7.9
     8                                                                                                                                                                         7.5
                                                                                                                                                                                                   7.1             6.9            6.7
     6

     4

     2

     0
               l                                          d               ry                                             s                      k          n                       .                l               y             in
             ae           nd       rea               an                                  en              om            te                  ar         pa                      ep                  ga             an           a
          Isr          nla                         el                ga             ed                gd             ta                                                   R                 rtu              m             Sp
                    Fi          Ko            Ir                   un                               in              S             e   nm            Ja                                                    er
                                                               H               Sw               K               d             D                                      ch                Po                G
                                                                                           d                 te                                                    ze
                                                                                        te                 ni                                                  C
                                                                                      ni                  U
                                                                                     U



                                                              ICT: Information and Communications Technologies
                                                                                                                                                                                                                        Source: OECD
                                                                                                                                                                                                                                        2009




27
                          SHARE OF ICT JOBS IN BUSINESS
                                  SECTOR, 2006
     12


               9.8
     10
                               8.7
                                         8.4           8.3
      8
                                                                             7.0
                                                                                           6.5
                                                                                                                                                                                                                                                 THE ISRAELI ECONOMY AT A GLANCE




                                                                                                            6.3          6.2      6.1
      6                                                                                                                                              5.6           5.5
                                                                                                                                                                                    4.9                  4.7
                                                                                                                                                                                                                        3.9
      4
                                                                                                                                                                                                                                          2.6

      2


      0
                                          l                d                  k                             ry                        n                  y          s                                        .          in                 l
               nd              en       ae            an                    ar             ce                        r   ea      pa                 an            te                om                  ep          a                    ga
             la           ed         Isr            el                  m             an               ga                                       m               ta               gd                 R            Sp                rtu
          Fin                                  Ir                  en               Fr               un           Ko           Ja          er                  S               in
                     Sw                                        D                                 H                                        G                d               K                   ch                             Po
                                                                                                                                                        te             d                     ze
                                                                                                                                                      ni            te                   C
                                                                                                                                                     U            ni
                                                                                                                                                                 U


                                                                                  ICT: Information and Communications Technologies

                                                                                                                                                                                                                             Source: OECD
                                                                                                                                                                                                                                                2009




28
TABLES
THE ISRAELI ECONOMY AT A GLANCE
                                                                               2009
             Main Indicators 2005-2008
                                     2005       2006           2007    2008    05-08
                                                                               Annual
                                      Real annual percentage change            average

        Gross Domestic Product        5.1        5.2           5.4     4.0      4.9
        Business Sector Product       6.2        6.4           6.2     4.4      5.8
        GDP per capita                3.3        3.3           3.5     2.1      3.1
        Fixed Capital Investment      2.7        6.5           12.0    3.8      8.8
        Buildings and other
        construction works           -2.0        8.7           6.3     1.6      3.7
        Investment




                                     2005       2006           2007    2008    05-08
                                                                               Annual
                                                                               Average

        Current Balance (Billions
                                      4.2         7.2          4.2     1.6       4.3
        of Dollars)

        Net External Debt
                                     -21.1      -33.3          -43.0   -46.3    -35.9
        (Billions of Dollars)

        Consumer Price Inflation
                                      2.4        -0.1          3.4     3.8       2.4
        (Annual percentage
        change)




         Source: C.B.S., Ministry of Industry, Trade & Labor




30
THE ISRAELI ECONOMY AT A GLANCE
                                                                                              2009
            Population, Immigration and
                    Employment
                                 2003          2004           2005           2006     2007    2008
     Average Population          6,690         6,809         6,929           7,054    7,180   7,308
     (thousands)
     Percentage
     change in average            1.8            1.8           1.8            1.8      1.8     1.8
     population
     Immigration
     (thousands)                   23             20           21             19       18      14
     Employed Persons
     (thousands)                 2,330         2,401         2,494           2,547    2,682   2,777
     Unemployed
     Persons                      280            278          246            236      212      180
     (thousands)
     Unemployment
     Rate (%)                     10.7          10.4           9.0            8.4      7.3     6.1
    Source: C.B.S.


              Main Industrial Indicators
                          Real Annual Percentage Change
                              2003        2004         2005       2006        2007    2007    2008
     Production                -0.3        6.9         3.7           8.4       4.5     4.4    7.0
     Export                    3.1         17.3        4.4          11.1       11.5   11.9    8.8
     Employment                -2.3        1.1         1.6           2.9       3.9     3.9    1.8
     Productivity              2.0         5.7         2.1           5.3       0.6     0.5    5.1
     Gross Investment          -8.7        8.3         6.2          26.6       23.0   19.6    17.1
     Capital Stock             2.9         3.0         2.9           4.3       5.9     4.3    6.0

  All figures refer to total industry excluding diamonds.
  Source: C.B.S. , Ministry of Industry, Trade and Labor & Bank of Israel.                            31
THE ISRAELI ECONOMY AT A GLANCE
                                                                           2009

                Imports of Goods (gross)
                               By Major Category
                        Millions of U.S. $ (Current Prices)

                                2003    2004     2005     2006     2007     2008

       Consumer goods           4,257   4,977    5,330    5,901    6,852    8,240

       of which, durable        1,733   2,150    2,312    2,513    2,842    3,189

       Production inputs       24,584   29,936   33,340   35,155   40,491   46,604

       Investment goods         5,342   6,020    6,226    6,746    9,231    10,270

       of which, machinery &    4,399   4,876    4,949    5,242    6,473    7,127
       equipment

       Total Imports           34,212   40,969   44,943   47,841   56,623   65,173


       Source: C.B.S.




32
THE ISRAELI ECONOMY AT A GLANCE
                                                                           2009

                 Exports of Goods (gross)
                    Millions of U.S.$ (Current Prices)


                             2003      2004     2005     2006     2007     2008

    Agricultural exports      715       908     1,027    1,029    1,326    1,226


    1. Citrus                 62        74       97       81       114      101


    2. Flowers                190       220      246      216      230      203

    Industrial exports      28,441     34,308   37,627   42,038   48,845   56,156


    1. Polished Diamonds     8,991     10,577   12,061   12,737   14,569   15,522

    2. Industrial exports   19,450     23,731   25,566   29,301   34,276   40,634
    excluding diamonds

    Of which hi-tech         9,000     10,982   11,767   14,156   15,781   17,150

    Other exports            2,628     3,402    4,116    3,381    3,921    3,957

    Total Exports           31,783     38,618   42,770   46,448   54,092   61,339




      Source: C.B.S., Foreign Trade.




                                                                                    33
THE ISRAELI ECONOMY AT A GLANCE
                                                                         2009

                     Service Sector Exports
                       Millions of U.S.$ (Current Prices)


                               2003         2004     2005     2006     2007     2008

      Travel & Tourist         2,060        2,380    2,783    2,755    3,095    4,057
      Services
      Transportation           2,599        3,201    3,686    3,659    4,444    5,170
      Services
      Other Business           8,609        10,352   10,909   12,713   13,513   14,815
      Services
      Of which:                2,878        3,176    3,384    3,991    4,364    4,849
      Computer
      Software

      Research &               1,252        1,593    1,278    1,768    1,711    2,911
      Development

      Total Services          13,222        15,979   17,436   19,185   21,107   24,088


      Source: C.B.S., Balance of Payments




34
THE ISRAELI ECONOMY AT A GLANCE
                                                                                          2009
                    Israel's Foreign Trade Policy
                                            Introduction
      International trade plays a vital role in the economy of the State of Israel. Indeed, 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.


                                         (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, eliminate 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



                                                                                                       35
             market.
THE ISRAELI ECONOMY AT A GLANCE
                                                                                          2009

             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 respects and supports 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 supports the Doha Development Round of negotiations in the WTO, and hopes it will come
       to a successful conclusion soon.

       Israel has faithfully implemented its Uruguay Round obligations. It 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.

       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.




36
THE ISRAELI ECONOMY AT A GLANCE
                                                                                            2009
                                                 OECD
     In May of 2007, Israel was among a handful of countries invited to begin membership talks with
     the Organization for Economic Cooperation and Development (OECD). The different committees
     of the organization are conducting a review of Israel’s economic policies and much progress has
     already been made in the process towards full accession.

     Israel enjoys observer status in a substantial number of OECD Committees and Working Groups
     and in a number of cases has achieved full membership status.

     Israel is a signatory to the OECD Declaration on International Investment and Multinational
     Enterprises, giving Israel full member status in the Investment Committee and Working Party.
     Likewise Israel adhered to the Mutual Acceptance of Data in the Assessment of Chemicals in the
     framework of the Committee on Chemicals and again received full Member status to the Working
     Party on Chemicals.

     Recently Israel joined the Anti Bribery Convention.



                         (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.

     In recent years Israel and the EU have signed several agreements and protocols to further liberalize
     trade in agricultural goods, to include Israel in the Pan-European system of cumulation of origin,
     and the participation of Israel in the European space project of Galileo. During the last two years
     Israel and the EU have been involved in a wide ranging dialogue within the framework of the
     European Neighborhood Policy. This includes issues such as negotiations on standardization,
     services and dispute settlement procedures.



                                                                                                        37
THE ISRAELI ECONOMY AT A GLANCE
                                                                                         2009

        As part of its policy to further open markets, and to maintain Israel’s exports competitiveness
        in European and North-American markets, free trade agreements have also been signed with
        Canada (1996), Turkey (1997), and Mexico (2000).

        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 (Argentina, Brazil, Paraguay, and Uruguay) have concluded a Free Trade
        Area agreement. The Agreement awaits ratification. When entered into force, this Agreement
        will gradually eliminate most customs duties on trade in goods from both sides.

        Economic relations with its neighbors 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.


                          (3) Unilateral trade liberalization
        Israel has a liberal and open trade policy. An Import Policy Department is active 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.

        The Free Import Order was last updated in 2008, and will be updated again towards the end oh
        2009 . This order deals with free imports of goods into Israel subject to 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.




38
THE ISRAELI ECONOMY AT A GLANCE
                                                                                          2009

                     Investment Promotion Center
                       is Israel's Investment Promotion Center at the Ministry of Industry,
     Trade and Labor. The center promotes foreign direct investment into Israel, and encourages
     additional investment by multinationals already invested in the country.
     FDI plays an important role in the economic development of Israel by enhancing
     competitiveness through tech transfer, infrastructure development, productivity and increased
     employment


                        provides the potential and current investor an array of professional services
     during the pre, present and post stages of the investment process. These include:


                 Current and accurate information on incentives available to the investor.
                 Coordination of investor visits and introductions to relevant businesses.
                 Maintaining a liaison with government and non-government agencies responsible
                 for investment policy.
                 Providing comparative analysis on services and information on costs of business
                 operations in Israel.
                 Business reports of Israel’s leading target sectors and implementation of activities
                 to promote these sectors.
                 Present Israel’s breakthroughs record


     Israel has a proven track record of breakthroughs owing to its talented workforce, which
     includes the world’s highest percentage of engineers and scientists and is supported by
     sophisticated infrastructure. Israel has the highest investment in R&D as a percentage of GDP
     per capita and has continued to attract foreign investment, which reached $10.5 billion in
     2008, despite the present economic challenges. A small country with limited resources, Israel
     is ranked as the 23rd most competitive economy out of 134 countries by the World Economic
     Forum.



                                                                                                        39
     For more information on investing in Israel, visit www.investinisrael.gov.il; or email Investini
     srael@moital.gov.il, or the closest Israeli economic representative: www.investinisrael.gov.il/
     offices.
THE ISRAELI ECONOMY AT A GLANCE
                                                                                                    2009
        Israel’s International Trade and Economic Agreements
             Free Trade            Protection of   Avoidance of Double    Agreements on R&D    MFN Trade Agreements with non
          Area Agreements          Investments            Taxation                                       WTO Members
      Canada                   Albania             Austria               Funds                Kazakhstan
      Mexico                   Argentina           Belarus               Canada               Russian Fed.
      U.S.A                    Armenia             Belgium               Singapore            Ukraine
      E.U.                     Azerbaijan)         Brazil                South Korea
      E.F.T.A.                 Belarus             Bulgaria              United Kingdom       Uzbekistan
      MERCOSUR (1)             Bulgaria            Canada                Parallel Funding     Standardization & Product
                                                                                              Certification
      Turkey                   China               China                 Argentina            Moldova
      Qualified Industrial                                                                    Ukraine
      Zones (QIZ) Agreements   Croatia             Croatia               Belgium/ Flanders

      Egypt                    Cyprus              Czech Rep             Brazil               Turkey
                                                   Denmark
                                                                                              Statement of Intent – MOITAL and US
      Jordan                   Czech Republic      Ethiopia              China                Consumer Product Safety Commission
                                                                                              (CPSC)
                               El Salvador         Finland               Czech. Rep
                               Estonia             France                Denmark
                               Ethiopia            Germany               Finland
                               Georgia             Greece                France
                               Germany             Hungary               Germany
                               Guatemala ()        India                 Greece
                               India               Ireland               Hungary
                               Kazakhstan          Italy                 India
                               Latvia              Jamaica               Ireland
                               Lithuania           Japan                 Italy
                               Moldova             Latvia                Maryland
                               Mongolia            Lithuania             Netherlands
                               Poland              Luxemburg(1)          Ontario/CA
                               Romania             Mexico                Portugal
                               Serbia-Montenegro   Moldova               Slovenia
                               Slovakia            Netherlands           Spain
                               Slovenia            Norway                Sweden
                               South Korea         Philippines           Taiwan
                               South Africa(1)     Poland                Turkey
                               Thailand            Portugal              Uruguay
                               Turkey              Romania               Victoria/Au
                               Turkmenistan        Russian Fed           Virginia
                               Uruguay             Singapore             E.U
                               Uzbekistan          Slovenia              Seventh Framework
                                                                         Program
                                                   Slovak Republic       CIP (EIP)
                                                   S.Africa              E.E.N
                                                   S.Korea               U.S.A
                                                                         U.S. Science and
                                                   Spain                 Technology
                                                                         Commission
                                                   Sweden                BIRD Foundation
                                                   Thailand              OTHER
                                                   Turkey                Eureka
                                                                                              (1) To be ratified
                                                   U.K.                  Eurostars                Source: Ministry of Industry




40
                                                   U.S.A                 Clusters                 & Trade, Foreign Trade
                                                   Ukraine               Galileo                  Department, International
                                                                                                  Division.
                                                   Uzbekistan            Cern
                                                   Switzerland
THE ISRAELI ECONOMY AT A GLANCE
                                                                                          2009
                             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 one. 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 (as described in the law), 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, and Beneficiary Enterprise status by the Tax Authority if it
      chooses one of the tax benefits programs. It is then eligible for incentives, such as grants of up
      to 24% of tangible fixed assets (grants program only) 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



                                                                                                     41
            Northern Negev
      Area C includes the rest of the country.
      * The law was modified in 2008.
THE ISRAELI ECONOMY AT A GLANCE
                                                                                                 2009
                                             Grant Program
        The amount of the government grant is calculated as a percentage of the original cost of land
        development and investment in buildings (except in Area C), in machinery and equipment.
        This cost includes installation and related expenses. The percentages are:


        Table 1

                                                      Priority Area A*                  Priority Area B

           Industrial projects                                24%                             10%
           Up to NIS 140 million
           Industrial projects                                20%                             10%
           Above NIS 140 million
           Investment in hotels and                           24%                             10%
           other accommodations
           Other tourist enterprises                          15%                               -

           * Plus an additional grant of up to 8% for companies locating in the south ("Negev Law")


                                          Time to Completion
         Under the provisions of the grants scheme, 20 percent of the approved program for industrial
         projects should be completed within 24 months of 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 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


42
         benefits, as in the following table: (All figures are percentages).
THE ISRAELI ECONOMY AT A GLANCE
                                                                                           2009
      Table 2
                                                                                     Company that is
                                Company owned by Foreign Investors                   not an Approved
                                                                                        Enterprise
                                     Tax rates by ownership stake (in %)

                            90 to100      74 to 90     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:        13.5          12.75          12            11.25             25
         15% of balance
         Total tax on
         distributed          23.5          27.75          32            36.25             50.5
         income


      b) Automatic Tax Programs
      There are 3 types of automatic tax programs:
      1. Alternative tax program.
      2. Priority area program.
      3. Strategic program.

      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:

                             6 years of complete tax         2 years of complete tax
         10 years            exemption and 1 year of         exemption and 5 years of
         of complete tax     tax benefits, 4 years for a     tax benefits, 8 years for a
         exemption


                                                                                                       43
                             foreign investor                foreign investor
THE ISRAELI ECONOMY AT A GLANCE
                                                                                          2009

       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. Location: Priority Area A
       Benefits include:

       a. Corporate tax – 0% (i.e. complete tax exemption).

       b. Dividend tax – 0%.

       c. Benefit period – 10 years.


       N.B. Recent amendments to the law now require adherence to environmental standards as a
       prerequisite to recognition as an approved enterprise.


       Source: Investment Centre, Ministry of Industry, Trade and Labor.




44
THE ISRAELI ECONOMY AT A GLANCE
                                                                                            2009
                      Employment Grant Program
                                             Background
  In order to complement the revised Law for the Encouragement of Capital Investments the
  government 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.
  Initially the budget for this program was 450 million NIS (approximately $100 million) spread over
  3 years -150 million NIS per year, for the period 2005-2007. The program was then aimed at specific
  and mainly lower-earning workers, by means of a special bidding system.




                                      Recent Developments

  However in the wake of the global economic recession and its impact on the Israeli economy,
  specifically the rise in unemployment levels, this track was expanded to include new target groups of
  workers.
  The Ministry of Trade, Industry and Labor restructured the special Employment Track of the
  Investment Centre in order to encourage investments as well as add new workers to the employment
  force.


  In light of the above the Ministry singled out the following special needs groups:


              Persons with medically recognized physical restrictions.


              Population groups of low unemployment, such as the ultra-orthodox, minorities, single-



                                                                                                      45
              parents.


              Businesses in the Sderot and outer-Gazza region.
THE ISRAELI ECONOMY AT A GLANCE
                                                                                         2009
                                               The Format

      Based on the original track the format of the program remains the same. 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 approximately 75 million NIS.

      Wages paid are restricted to specific minimum wages or above, depending on the specific target
      group.

      Similarly peripheral regions are eligible to partake in the tender in accordance with specific
      outlines of the program.

      More details of this track should be accessed through the Ministry of Industry Trade and Labor's
      Investment Center.



      REMARK: This page is a brief and truncated summary of two original documents in Hebrew.
      For full details of the Employment Grants Program the original Hebrew documents should be
      consulted.




46
THE ISRAELI ECONOMY AT A GLANCE
                                                                                            2009
             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 the implementation of governmental policies regarding the support and encouragement of
  industrial research and development in Israel.

  A variety of ongoing R&D 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 Prorams
  Technology infrastructure enhancement

  Magneton
       Promotes technology transfer from academic institutions to industry via mutual cooperation
       between an industrial company and an academic research group.
       Project's budget is up to 800,000 US$ and its duration is up to 24 months.
       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
       adjust it to relevant applications in the industry and promotes the transfer of these technologies
       to the industry.
       Project's budget is up to 100,000 US$ and its duration ranges between 12 to 15 months.
       Grants are up to 90% of the approved budget.
       -No royalty payments.

  Pre Seed

  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 financial feasibility, preparation of patent proposal for


                                                                                                       47
        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.
THE ISRAELI ECONOMY AT A GLANCE
                                                                                      2009
      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.
            From 2002 to 2008, 22 of 24 technological incubators have been acquired by private investors.
            Establishment of a designated Bio-Technology Incubator, open to bio-tech projects, provides
            professional services with larger funds and extended incubation term.
            Establishment of two new Industrialized Incubators, open to less innovative projects provides
            support and guidance towards manufacturing, commercialization and initial sales.
            The program supports activities of Young Entrepreneurs Organization, in high schools.
            Grants are up to 85% of approved budget.

                                              Competitive R&D
      R&D Fund
          Supports industrial competitive R&D programs.
          Approved R&D program must last at least one year, and should lead to the development of a new
          product or a significant improvement to an existing product. The development should 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 $230 million
          is spent on 775 projects being undertaken by 500 companies.
          Proposals are approved by the OCS Research Committee and grants are awarded according to the
          terms and conditions set by the OCS Research 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
          OCS 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 other industrial R&D programs. In general, royalty payments are 3% - 3.5% of the total
          annual revenues derived from the sales of a developed product which R&D was supported by OCS



48
          grants. Reports and payments are made semiannually.
THE ISRAELI ECONOMY AT A GLANCE
                                                                                             2009
Support of Traditional Industry
   This support program, launched in 2005, offers separate evaluation and discussion for projects from
   traditional industries.
   Private consultation is offered to traditional industry companies applying to the OCS for the first time.
   OCS acknowledges traditional industry as a preferred sector and therefore, its R&D programs are
   supported by 50%.
                                      Pre Competitive R&D
Magnet consortium
    Supports the formation of consortia made up of industrial companies and academic institutions, in
    order to jointly develop generic, pre competitive technologies.
    The duration of a Magnet Consortium is 3-5 years.
    Grants are up to 66% of the approved budget for industry and up to 80% for the academic institution.
        -No royalty payments.
Katamon
    Promote water technology projects by triple cooperation between industrial company, academic
    research group and water infrastructure company.
        - Project's budget is up to US$1M, and its duration is up to 30 months.
        - Grants are up to 50%.
        - No royalty payments.
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
   Encourages companies investing heavily in R&D to invest a significant percentage of funds in long-
   term generic R&D.
   Grants are up to 50% of the approved budget.
        - No royalty payments.
R&D Centers in Universities
   Aims to create and develop technological infrastructure for industry use.
   In 2005, the"Russell Berrie Institute for Nanotechnology" was established at the Technion in Haifa.
   In 2008, the new "National Institute for Biotechnology Research and Development in the Negev", was
   established at the Ben Gurion University in Be'er Sheba.
   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                      International Programs
Matimop
   Promotes and assists participation of Israeli companies in international bilateral or multilateral



                                                                                                        49
   cooperation programs for industrial R&D.
   Promotes joint industrial development of advanced technologies.
   Maintains updated database of projects in many advanced technologies and database of profiles of
   Israeli industrial companies seeking international cooperation.
THE ISRAELI ECONOMY AT A GLANCE
                                                                                        2009
     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 industrial 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 FP7, 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 SMEs are 75% of the full cost with real overheads. Large industrial partners will receive
          50% of the full cost with real overheads.
     Eureka
          Eureka is the largest European program for Industrial R&D, supported by nearly 40 member states.
          Israel is a full member in Eureka since 2000, and will chair the program in 2010-2011. Currently
          Israeli companies take part in more than 10% of all running Eureka programs.
          Eureka is aiming to promote collaborative market-driven R&D projects in virtually all fields
          of civilian technology. Being non- bureaucratic and SME friendly, over 40% of Eureka project
          participants are small/ medium enterprises (SME) – including start up companies.
          The projects enjoy access to national and regional funding schemes. Israeli companies
          participating in the program are entitled to receive R&D grants from the OCS.
          Since 2008, Eureka operates together with the European Commission the Eurostars program,
          which is dedicated to support, in favorable conditions, R&D performing in SMEs and start-ups in
          close to market R&D projects.
          Matimop, the Israeli Industry Center for R&D, is the national agency acting on behalf of the OCS
          as the Israeli national program coordinator (NPC) for Eureka, Eurostars, Galileo and bilateral
          programs with European countries, regions and R&D organizations.
     The Global Enterprise R&D Cooperation Framework - GIRDF
          This program attracts prominent multinational corporations (MNC) to forge investment
          cooperation deals with Israeli startups.
          The Framework’s main purpose is to provide a friendly, favorable approach & supportive work
          environment ("one-stop-shop") for Israeli start-ups looking to collaborate with the MNC.
          Within this framework, both OCS and the MNC commit to invest in pre-selected R&D projects,
          conducted jointly by the MNC and the Israeli company.
          The MNC is not requested to invest money; instead it can provide the startup with facilities like:
          technological guidance, borrowing equipment, lab facilities, discounted software licenses, business
          mentoring, etc.
          The IP, created from the joint project, may be owned jointly by the startup and the MNC.


50
          OCS operates several MNC R&D cooperation agreements with IBM, Oracle, Merck, Coca Cola,
          Deutsche-Telecom.
THE ISRAELI ECONOMY AT A GLANCE
                                                                                            2009
                                              Bi-nationals
   Bi-national Funds
         The programs enable 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)
            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.
         Matimop, the Israeli Industry Center for R&D, operates international R&D agreements on
         behalf of the OCS with Italy, Belgium, Ireland, Germany, Holland, Spain, Portugal, Finland,
         France, Sweden, Denmark, India, Turkey, Brazil, Argentina, Uruguay, Greece, China, Russia,
         the Czech Republic, Hungary, Ontario (Canada), Maryland (USA) and Victoria (Australia).
         The programs enable access to sources of national and regional funding; Israeli companies
         taking part in these programs 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 R&D collaboration and maximizing the contribution of
         science and technology to economic growth.
         The Commission focuses on Life Sciences, Clean Technology, Homeland Security,



                                                                                                          51
         Aerospace, Renewed Energy, Water Technology, and Personalized Healthcare.
THE ISRAELI ECONOMY AT A GLANCE
                                                                                       2009
                 ICA - Industrial Cooperation Authority
                                Industrial Cooperation in Israel
        The "Industrial Cooperation Authority", ICA is an Israeli Government entity, operating
        within the Ministry of Industry, Trade and Labor.
        ICA initiates, coordinates and monitors industrial and commercial cooperation activities
        following Government, Government-owned companies, public institutes and other State entities
        procurement.
        ICA also promotes and monitors commercial and industrial cooperation activities related to
        selected areas of non-government trade.
        ICA is authorized to supervise the enforcement of the “Mandatory Tenders Regulations,”
        pertaining to the Mandatory Tenders Law regarding Mandatory Industrial Cooperation.
        ICA operates within the rules of the Government Procurement Act and other international
        agreements and cooperates with parallel organizations in countries worldwide.
        ICA is based in Jerusalem and in Tel Aviv, and also has an office at the Israel Economic mission
        in New York, covering activities in North America.
                             ICA’S INDUSTRIAL COOPERATION APPROACH
                                    Cooperation Based On Competitiveness
        In many countries local directives obligate foreign companies to purchase - due to their sales in
        these countries - locally manufactured products, or carry out other reciprocal business activities
        to a value of up to and over 100 percent of said sales, involving the signing of back-to-back
        purchase, offset or other counter-trade agreements.
        In most cases, such agreements contain legally-binding clauses, which specify a variety of
        penalties to be directly imposed on the company in the event of noncompliance. These penalties,
        apart from the realization of bank guarantees, warranties etc., are imposed irrespective of the
        competitiveness of the products offered in these countries, or of the company’s actual needs.
        ICA feels that long-term cooperation must ultimately depend on the competitiveness of Israeli
        products. ICA believes that a company’s undertaking for industrial cooperation to be realized in
        Israel should, not carry penalties, warranties or other financial guarantees.
        ICA’s policy is aimed at developing new markets for high quality competitive goods and
        creating a framework for bilateral or multilateral industrial and trade cooperation between the
        Company or its subsidiaries and Israeli industry.



52      Purchases, or any other industrial cooperation activities, subsequent to an industrial cooperation
        undertaking, are expected to be carried out on a competitive basis.
THE ISRAELI ECONOMY AT A GLANCE
                                                                                                               2009
    Once contact has been established between a foreign company and an Israeli manufacturer,
    ICA will assist the parties, as much as required by either of them, without being directly
    involved in the detailed negotiations between them. Within the framework of its undertaking,
    the company will carry out all necessary activities aimed at enabling Israeli firms to qualify as
    its subcontractors, such as quality assurance qualification, or any other certification in order to
    become a qualified supplier.
    The company will appoint a local liaison officer to be responsible on its behalf for fulfilling the
    undertaking, for managing all relevant activities and serving as the Company’s coordinator with
    ICA and Israeli industry.

                    THE FIRST STEP IN LONG TERM RELATIONSHIPS

    Industrial Cooperation with Israel may be your company’s introduction to one of the world’s most
    advanced industries and economies. ICA is confident that your Industrial Cooperation Program
    will be the cornerstone of a mutually beneficial and long-lasting business relationship with Israeli
    industry.
    The following table is an extract from the ICA’s annual report for 2008, and provides insight as to
    the magnitude of its activities.

                         Commitments and Fulfillments of Sales, 2004-2008
                                      Millions of Dollars
                                    Commitments                                             Fulfilments
         Year
                       Civilian          Military            Total           Civilian          Military            Total
         2004             323               214               538              1,060              689              1,749
         2005             148               132               280              1,288              531              1,819
         2006             972               534              1,506             2,390              569              2,959
         2007             325               163               489              2,392              711              3,103
         2008             280               178               457              1,835              842              2,678
         Total           2,048             1,221             3,270             8,965             3,342             12,308

                                      Additional information is available at ICA offices:
                 Industrial Cooperation Authority – Jerusalem - Israel 5 Bank of Israel Street Jerusalem, Israel




                                                                                                                            53
                                         Tel: +972 2 666 2410 Fax: +972 2 666 2979

          Industrial Cooperation Authority – Tel Aviv - Israel 86 Menachem Begin Rd. P.O. Box 36049 Tel Aviv, 67138
                              Tel: +972 3 5634178 Fax: +972 3 5634177 Web site: www.ica.gov.il
THE ISRAELI ECONOMY AT A GLANCE
                                                                              2009
                         ECONOMIC
                             &
                           TRADE
                      REPRESENTATIVES
                          ABROAD




                    WHEN THE NAME OF THE COUNTRY IS WRITTEN IN RED – The
                   Representatives are from the Ministry of Industry, Trade & Labor
               • WHEN THE NAME OF THE COUNTRY IS WRITTEN IN BLACK – The
                       Representatives are from the Ministry of Foreign Affairs




54
                         • Most Websites in this list are in the local languages
                         • Information in Hebrew is available on this Website
                     • Check list for contacting Israel's Economic Representatives
                                       • Profile Form for Exporters
THE ISRAELI ECONOMY AT A GLANCE
                                                                                         2009
     ANGOLA

     Mr. Sagi Karni                  AZERBAIJAN
     Ambassador                                                       BULGARIA
     Embassy of Israel               Mr. Arthur Lenk
                                     Ambassador
     Rua Rainha Ngina 34                                              Ms. Yifat Inbar
                                     Mr. Farid Musayev
     Edificio Siscal Luanda          Head of Commercial and Trade     First Secretary
     Tel: (+244.2) 2239-7331/5295    Department                       (Resident in Bucarest,
     Fax: (+244.2) 2239-6366         Embassy of Israel 1033 Izmir     Romania) Embassy of Israel 1
     E-mail:info@luanda.mfa.gov.il   St. Hyatt Tower 3 Baku           Bulgaria Square N.D.K
                                     Tel: (+994.12) 490-7881/2/3      Administrative Building, 7th
     ARGENTINA                       Fax: (+994.12) 490-7892          Fl.Sofia 1463
                                     E-mail: ambassador@baku.mf       Tel: (+359.2) 951-6962/5044
                                     a.gov.il trade@baku.mfa.gov.il   Fax: (+359.2) 952-1101
     Mr. Daniel Gazit
                                     Site: www.baku.mfa.gov.il        E-mail: sofia@moital.gov.il
     Ambassador                                                       Site: www.israeltrade.gov.il/
     Mr. Mariano Dujovne                                              bulgaria
                                     BELARUS
     Trade officer
     Embassy of Israel               Mr. Zeev Ben Arie                CAMBODIA
     Ave. de Mayo 701, 10th floor    Ambassador
     C.P. 1084                       Embassy of Israel                Mr. Tzahi Selzer
     Buenos Aires                    Partizansky Prospekt 6A          First Secretary – Economic
     Tel: (+54.11) 4338-2519/20      Minsk                            and Trade Affairs (Resident in
     Fax: (+54.11) 4338-2617         Tel: (+375.17) 220-0958          Bangkok, Thailand) Embassy
     E-mail: info@buenosaires.m      Fax: (+375.17) 220-8873          of Israel 75 Soi Wattana
                                     E-mail: info@minsk.mfa.gov.il    Sukhumvit Rd. Soi 19
     fa.gov.il buenosaires@moital
                                                                      Bangkok 10110 Thailand
     .gov.il                                                          Tel: (+66.2) 204-9240/1
     Site: www.israeltrade.gov.il/   BELGIUM
                                                                      Fax: (+66.2) 204-9245
     argentina                                                        E-mail: bangkok@moital.
                                     Ms. Natalie Gutman-Chen
                                     First Secretary – Commercial     gov.il
     AUSTRALIA                       Affairs                          Site:www.israeltrade.gov.il/
                                     Embassy of Israel to Belgium     cambodia
     Mr. Ehud Gonen                  and Luxemburg & Mission
     Trade Commissioner              of Israel to the EU 40 Av. de    CAMEROON
     Israel Trade Commission         l'Observatoire Brussels 1180
     Level 6,37 York St.             Tel: (+32.2) 373-5533/4/5        Mr. Nir Avraham
                                     Fax: (+32.2) 373-5666            Ambassador
     Sydney, NSW 2000
                                     E-mail: Natalie.G@israeltrad     Ms. Amir Keizman
     Tel: (+61.2) 9262-3943                                           Second Secretary
     Fax: (+61.2) 9262-5242          e.gov.il
                                     Site: www.israeltrade.gov.il/    Embassy of Israel P.O.B 5934
     E-mail: ehud.gonen@israeltra                                     Yaoundé
                                     belgium
     de.gov.il                                                        Tel: (+237) 220-1644, 221-
     Site: www.israeltrade.gov.il/   BRAZIL                           1291
     australia                                                        Fax: (+237) 221-0823
                                     Mr. Roy Nir                      E-mail: ambassador
     AUSTRIA                         Consul – Economic Affairs        @yaounde.mfa.gov.il
                                     Economic Mission of Israel to    info@yaounde.mfa.gov.il
     Mr. Yoram Gilady                Brazil
                                     Av. Brig. Faria Lima, 1713-14    CANADA – Montreal
     Minister – Economic Affairs
     Embassy of Israel               Andar 01452-001, Sao Paulo
                                     SP                               Ms. Sandra Winston
     Anton-Frank-Gasse 20                                             Trade Officer – Economic
                                     Tel: (+55.11) 3032-3511
     1180 Vienna                                                      Affairs Israel Economic
                                     Fax: (+55.11) 3032-9233
     Tel: (+43.1) 4764-6504          E-mail: roy.nir@moital.gov.il    Mission 1155 Blvd. Rene
     Fax: (+43.1) 4764-6576          Site: www.israeltrade.gov.il/    Levesque W. Suite 2620
     E-mail: vienna@israeltrade.     brazi                            Montreal, Quebec H3B 4S5




                                                                                                       55
     gov.il                                                           Tel: (+1.514) 940-8518/00
     Site: www.israeltrade.gov.il/                                    Fax: (+1.514) 940-8520
     austria                                                          E-mail:montreal@moital.gov.il
                                                                      info@montreal.mfa.gov.il
THE ISRAELI ECONOMY AT A GLANCE
                                                                                      2009
          CANADA – Toronto

          Mr. Jonathan Levy
          Consul – Economic Affairs
                                          CHINA – Shanghai                CROATIA
          Government of Israel
          Economic Mission to Canada
                                          Mr. Jackie Eldan                Mr. Shmuel Meirom
          180 Bloor St. West, Suite 700
                                          Consul General                  Ambassador
          Toronto, Ontario M5S 2V6
                                          Consulate General of Israel     Ms. Anat Ben Shitrit
          Tel: (+1.416) 640-8540
                                          New Town Mansion                Counsellor
          Fax: (+1.416) 640-8546
                                          55 Loushanguan Ro., 7th Fl.     Embassy of Israel
          E-mail: toronto@moital.gov.il
                                          Shanghai 200336                 Gradavukovara 271 Chromos
          Site: www.israeltrade.gov.il/
                                          Tel: (+86.21) 6126-4500         Building 11th fl. Zagrev 10000
          canada
                                          Fax: (+86.21) 6126-4555         Tel: (+385.1) 616-9500
                                          E-mail: dcm@shanghai.           Fax: (+385.1) 616-9555
                                          mfa.gov.il                      E-mail: info@zagrev.mfa.gov.il
          CHILE
                                          info@shanghai.mfa.gov.il
                                          Site: www.shanghai.mfa.gov.il   CYPRUS
          Mr. David Cohen
          Ambassador
                                          CHINA – Shenzhen                Mr. Avraham Haddad
          Ms. Barbara Silva
                                                                          Ambassador
          Head of Commercial
                                          Mr. Dany Tal                    Ms. Ravit Baer
          Department
                                          Counsellor – Economic Affairs   First Secretary
          Embassy of Israel
                                          for South China                 Embassy of Israel Ioanni
          San Sebastian 2812, Piso 5
                                          Embassy of Israel No. 17 Tian   Gripari st. 4 P.O.B. 25159
          Las Condes P.O.B. 146 Stgo
                                          Ze Lu Chaoyang District         Nicosia 1307
          35 Santiago
                                          Beijing 100600                  Tel: (+357.2) 236-9500
          Tel: (+562) 750-0517
                                          E-mail: Southchina@israeltra    Fax: (+357.2) 266-6338
          Fax: (+562) 750-0549
                                          de.gov.il                       E-mail: deputy@nicosia.mfa.gov.il
          E-mail: comercial@santiago.
                                                                          info@nicosia.mfa.gov.il
          mfa.gov.il
          info@santiago.mfa.gov.il        COLOMBIA
                                                                          CZECH REPUBLIC
                                          Mr. Meron Rehuven
                                          Ambassador                      Mr. Avi Fridman
          CHINA – Beijing
                                          Mr. Yinam Cohen                 Minister Counsellor
                                          Second Secretary                (Resident in Warsaw, Poland)
          Mr. Oded Arbel
                                                                          Mr. Mylan Kenkush
          First Secretary – Economic
                                          Embassy of Israel Edificio      Trade Officer
          Affairs
                                          Caxdac Calle 35 7-25 Piso 14    Embassy of Israel Badeniho
          Embassy of Israel No. 17
                                          Bogota                          St. 2 Prague 7, 17000
          Tian Ze Lu Chaoyang District
                                          Tel: (+57.1) 327-7500           Tel: (+420.2) 3309-7500/1
          Beijing 100600
                                          Fax: (+57.1) 327-7555           Fax: (+420.2) 3309-7529
          Tel: (+86.10) 8532-0664
                                          E-mail: dcm@bogota.mfa.gov.il   E-mail: isratrade@volny.cz
          Fax: (+86.10) 8532-0612
                                          info@bogota.mfa.gov.il          info@prague.mfa.gov.il
          E-mail: beijing@moital.gov.il
                                                                          Site: www.israeltrade.gov.il/
          Site: www.israeltrade.org.cn
                                          COSTA RICA                      czech-republic

                                          Mr. Ehud Eitam                  DENMARK
          CHINA – Hong Kong
                                          Ambassador
                                          Ms. Marcela Madrigal            Mr. Roey Fisher
          Mr. Amikam Levy
                                          Trade Officer                   First Secretary – Economic
          Consul General
                                                                          Affairs (Resident in Hague,
          Consulate General of Israel
                                          Embassy of Israel Economic &    The Netherlands)
          Admiralty Center 701 Tower
                                          Commercial Department           Ms. Helle Pedersen
          2, P.O.B 245 Hong Kong
                                          Edificio Centro Colon Paseo     Trade Officer
          Tel: (+852) 2821-7500/8/9
                                          colon Calle 38 San Jose         Embassy of Israel
          Fax: (+852) 2865-0220
                                          Tel: (+506) 221-6444            Lundevangsvej 4 2900 Hellerup
          E-mail: economy@hongkong
                                          Fax: (+506) 257-0867            Tel: (+45) 8818-5526
          .mfa.gov.il
                                                                          Fax: (+45) 8818-5555




56
          infor@hongkong.mfa.gov.ill      E-mail: economy@sanjose.m
                                          fa.gov.il                       E-mail: trade@copenhagen.m
          Site: www.hongkong.mfa.g
                                          info@sanjose.mfa.gov.il         fa.gov.il
          ov.il
                                          Site: www.sanjose.mfa.gov.il    Site: www.israeltrade.gov.il/
                                                                          denmark
THE ISRAELI ECONOMY AT A GLANCE
                                                                                             2009
    DOMINICAN REPUBLIC

    Mr. Amos Radian
    Ambassador                      ERITREA                            GEORGIA
    Embassy of Israel
    Pedro Henriquez Urena 80        Embassy of Israel                  Mr. Shabtai Tsur
    Apartado Postal 1404            ABO St. 32 P.O.B 5600              Ambassador
                                                                       Ms. Meira Sagy
    Santo Domingo                   Asmara
                                                                       Deputy Head of Mission
    Tel: (+1.809) 920-1500          Tel: (+291.1) 188-521/599/         Embassy of Israel 61
    Fax: (+1.809) 472-1785          626                                Agmashenebeli Ave. 0102
    E-mail: info@santodomingo.      Fax: (+291.1) 188-550              Tbilisi
    mfa.gov.il                      E-mail: info@asmara.mfa.gov.il     Georgia
                                                                       Tel: (+995.32) 951-709, 964-457
                                    ETHIOPIA                           Fax: (+995.32) 955-209
    ECUADOR                                                            E-mail: consul@tbilisi.mfa.
                                    Mr. Yaakov Amitai                  gov.il
    Mr. Eyal Sela                   Ambassador
    Ambassador                      Embassy of Israel Higher16,        GERMANY
    Mr. Gilad Berger                Kebele 22 House No. 283
                                                                       Ms. Stel Pinhasov-Beck
    First Secretary                 P.O.B 1266 Addis Ababa             First Secretary – Economic
    Embassy of Israel Octubre       Tel: (+251.11) 646-0999            Affairs
    Y. General 12 ESQ. EDIF         Fax: (+251.11) 646-1961            Embassy of Israel Auguste-
    PLAZA 2000 Piso 9 Quito         E-mail: dcm@addisababa.mf          Viktoria St. 74 14193 Berlin
    Tel: (+593.2) 397-1500          a.gov.il                           Tel: (+49.30) 2064-490
                                    info@addisababa.mfa.gov.il         Fax: (+49.30) 2064-4955
    Fax: (+593.2) 397-1555
                                                                       E-mail: stel.pinhasovbeck@is
    E-mail: info@quito.mfa.gov.il                                      raeltrade.gov.il
                                    FINLAND
                                                                       Site: www.israeltrade.gov.il/
    EGYPT                           Mr. Joseph Akerman                 germany
                                    Counsellor – Economic
    Mr. Cohen Shalom                                                   GREECE
                                    Affairs
    Ambassador                      (Resident in Stockholm,            Mr. Joseph Ben-Moustaki
    Ms. Galit Bar-Am Amdur          Sweden)                            Counsellor
    Economic Counsellor             Mr. Kalevi Von Behr                Embassy of Israel
    Embassy of Israel 6 Ibn El      Trade Officer                      1 Marathonodromou St. Paleo
    Malek St. Giza Cairo            Embassy of Israel Yrjonkatu 36 A   Psychico 15452 Athens
                                    Helsinki 00100                     Tel: (+30.210) 671-9530
    Tel: (+20.2) 332-1500/20/21
                                    Tel: (+358.9) 6812-0226            Fax: (+30.210) 674-9510
    Fax: (+20.2) 332-1555                                              E-mail: athens@moital.gov.il
                                    Fax: (+358.9) 135-6959
    E-mail: info@cairo.mfa.gov.il                                      info@athens.mfa.gov.il
                                    E-mail: helsinki@moital.gov.il
                                                                       Site: www.israeltrade.gov.il/
                                    Site: www.israeltrade.gov.il/
    EL SALVADOR                                                        greece
                                    finland
                                                                       GUATEMALA
    Mr. Mattanya Cohen              FRANCE
    Ambassador                                                         Mr. Isaac Bachman
    Embassy of Israel Centro        Mr. Nathan Tsror                   Ambassador
    Financiero Gigante 63 Ave.      First Secretary – Economic         Mr. Christian Cantor
    Sury Alameda Roosevelt Torre    Affairs                            Second Secretary
                                    Embassy of Israel 3 Rue            Embassy of Israel 13 Avenida
    B, Piso 11 San Salvador
                                    Rabelais 75008 Paris               14-07 Zona 10 Colonia
    Tel: (+503) 2211-3434                                              Oaklend
    Fax: (+503) 2211-3443           Tel: (+33.1) 4076-5560
                                                                       Guatemala City
                                    Fax: (+33.1) 4076-5329
    E-mail: ambassador@sansalv                                         Tel: (+502) 2333-4624
                                    E-mail: nathan.tsror@israeltr




                                                                                                         57
    ador.mfa.gov.il                                                    Fax: (+502) 2333-6950
                                    ade.gov.il                         E-mail: info@guatemala.mfa
    economy@sansalvador.mfa.        Site: www.israeltrade.gov.il/      .gov.il
    gov.il                          france                             econ@guatemala.mfa.gov.il
THE ISRAELI ECONOMY AT A GLANCE
                                                                                      2009
          HUNGARY

          Mr. Yoram Gilady
          Minister – Economic Affairs      ITALY – Milano                    JORDAN
          (Resident in Vienna, Austria)
          Ms. Klara Pinter                 Ms. Leora Hadar                   Mr. Yacob Rosen
          Trade Officer                    Counsellor – Economic Affairs     Ambassador
          Embassy of Israel                                                  Mr. Alon Snir
                                           Israel Commercial
          H-1026 Budapest, Fullánk u.8.                                      Minister- Counsellor
          Tel: (+36.1) 392-6282            &Investment Office Corso
                                           Venezia 61                        Embassy of Israel 47
          Fax: (+36.1) 200-0787                                              Maysaloun St. Rabiya P.O.B
          E-mail: budapest@israeltrade.    Milan 20121
                                                                             950866 Amman 11195
          gov.il                           Tel: (+390.2) 7601-5545
                                                                             Tel: (+962.6) 550-3503
          Site: www.moital.gov.il/         Fax: (+390.2) 7601-4145           Fax: (+962.6) 552-4689
          hungary                          E-mail: milano@israeltrade.       E-mail:embassy@amman.mfa.
                                           gov.il                            gov.il
          INDIA – Mumbai                   Site: www.israeltrade.gov.il/
                                           italy                             KAZAKHSTAN
          Mr. Elad Goz
          Consul of Economic Affairs                                         Mr. Israel Mey-Ami
                                           ITALY – Rome
          Consulate General of Israel                                        Ambassador
          Ernest House, 16 Floor 194                                         Embassy of Israel 8 Auezov St.
          NCPA Marg. Nariman Point         Mr. Meir Gideon
                                           Ambassador                        Asia Center Astana
          Mumbai 400 021                                                     Tel: (+7.7172) 688-738/9
          Tel: (+91.22) 2202-4643          Ms. Gila Livnat Rosiner
                                                                             Fax: (+7.7172) 688-735
          Fax: (+91.22) 2282-4727          Counsellor                        E-mail: ambassador@astana.
          E-mail: Elad.Goz@moital.gov.il   Embassy of Israel Via Michele     mfa.gov.il
          Site: www.bombay.mfa.gov.il      Mercati 14 00197 Rome
                                           Tel: (+39.06) 3619-8500           KENYA
          INDIA – Delhi                    Fax: (+39.06) 3619-8555
                                           E-mail: economico@roma.m          Mr. Yaacov Keidar
          Mr. Mouneer Agbariya                                               Ambassador
                                           fa.gov.il
          Counsellor – Economic Affairs                                      Mr. Maor Elbaz
          Embassy of Israel 3 Aurangzeb     info@roma.maf.gov.il
                                                                             Second Secretary
          Rd. Delhi 1100011                                                  Embassy of Israel Bishop Rd.
          Tel: (+91.11) 3041-4518          IVORY COAST
                                                                             P.O.B. 30354 Nairobi
          Fax: (+91.11) 2301-5304                                            Tel: (+254.20) 271-0381/271-
          E-mail: Monir.Agbaria@israe      Mr. Daniel Kedem                  1684
          ltrade.gov.il                    Ambassador                        Fax: (+254.20) 271-5966
          Site: www.israeltrade.gov.il/    Embassy of Israel                 E-mail: ambassador@nairobi.
          india_delhi                      Ave. Chardy Immeuble Nur El       mfa.gov.il
                                           Hayat, 9e etage 01 B.P. 1877
          IRELAND                          Abidjan 01                        KOREA (Republic of South Korea)
                                           Tel: (+225) 2021-4953
          Mr. Gil Erez                                                       Mr. Alon Shlesinger
                                           Fax: (+225) 2021-8704
          Minister – Commercial Affairs                                      First Secretary – Economic
                                           E-mail: info@abidjan.mfa.gov.il
          (Resident in London, United                                        Affairs
          Kingdom)                                                           Embassy of Israel 18th Fl.
                                           JAPAN
          Mr. Colin Sheena                                                   Cheonggye 11 Bldg.149
          Head of Commercial Section                                         Seorin-dong, Jongro-Gu Seoul,
                                           Mr. Amiram Halevy                 110-726
          Embassy of Israel Carrisbrook
                                           Minister – Economic Affairs       Tel: (+82.2) 321-08544
          House 122 Pembroke Rd.
                                           Embassy of Israel 3 Niban-cho     Fax: (+82.2) 739-9963
          Ballsbridge, Dublin 4
                                           Chiyoda-ku Tokyo 102-0084         E-mail: korea@israeltrade.g
          Tel: (+353.1) 230-9415                                             ov.il
                                           Tel: (+81.3) 3264-0398/911
          Fax: (+353.1) 230-9446                                             Site: www.israeltrade.gov.il/
                                           Fax: (+81.3) 3264-0829
          E-mail:trade@dublin.mfa.gov.il                                     korea




58
                                           E-mail: amiram@israeltrade.
          Site: www.israeltrade.gov.il/
                                           gov.il
          ireland
                                           Site: www.israel-keizai.org
THE ISRAELI ECONOMY AT A GLANCE
                                                                                             2009
   LATVIA

   Mr. Chen Ivri
   Ambassador                        NEPAL                             NORWAY
   Mr. David Levy
   Second Secretary                  Mr. Dan Stav                      Mr. Joseph Akerman
   Embassy of Israel to the Baltic   Ambassador                        Counsellor – Economic Affairs
   States 2 Elizabetes St. Riga      Embassy of Israel                 (Resident in Stockholm,
                                     Bishramalaya House, Lazimpat      Sweden)
   LV-1340
                                     St. G.P.O.B. 371 Kathmandu        Visiting Address: Parkveien
   Tel: (+371) 732-0737/9                                              35, Oslo Mailing address: Box
   Fax: (+371) 783-0170              Tel: (+977.1) 441-1811/441-9103
                                                                       534, Skoyen, N-0214 Oslo
   E-mail: info@rig.mfa.gov.il       Fax: (+977.1) 413-920             Tel: (+46.8) 5280-6580
   Site: www.riga.mfa.gov.il         E-mail: info@kathmandu.mfa.       Fax: (+46.8) 660-4406
                                     gov.il                            E-mail:Stockholm@moital.gov.il
   MAURITANIA                        Site: www.kathmandu.mfa.go        Site: www.israeltrade.gov.il/
                                     v.il                              norway
   Mr. Michael Arbel
   Ambassador                        THE NETHERLANDS                   PANAMA
   Embassy of Israel
                                     Mr. Roey Fisher                   Mr. Menashe Bar-On
   Tevragh – Zeina
                                     First Secretary – Economic        Ambassador
   Ilot-A-516 Nouakchott                                               Ms. Edna Livne
   Tel: (+222) 525-4610/8235         Affairs
                                                                       First Secretary – Commercial
   Fax: (+222) 525-4612              Embassy of Israel Buitenhof       attaché
   E-mail: info@nouakchott.mf        47 2513 AH The Hague              Embassy of Israel Edif. P.H.
   a.gov.il                          Tel: (+31.70) 376-0514            Torre BancoGeneral Piso 17,
                                     Fax: (+31.70) 376-0594            Marbella
   MEXICO                            E-mail: hague@moital.gov.il       Tel: (+507) 208-4707/8
                                     Site: www.israeltrade.gov.il/nl   E-mail: cao@panama.mfa.gov.il
   Ms. Liat Shaham
   First Secretary – Economic        NEW-ZEALAND                       PERU
   Affairs
                                     Mr. Ehud Gonen                    Mr. Walid Mansour
   Embassy of Israel Sierra Madre                                      Ambassador
   215 Lomas de Chapultepec          Trade Commissioner
                                                                       Mr. Gali Dagan
   11000 Mexico City                 (Resident in Sydney, Australia)   Second Secretary
   Tel: (+52.55) 5201-1582           Israel Trade Commission 6/37      Embassy of Israel Natalio
   Fax: (+52.55) 5201-1558           York St. Sydney, NSW 2000         Sanchez 125, Piso 6 Santa
   E-mail: mexico@moital.gov.il      Australia                         Beatriz Lima
   Site: www.israeltrade.gov.il/     Tel: (+61.2) 9262-3943            Tel: (+51.1) 433-4431
   mexico                            Fax: (+61.2) 9262-5242            Fax: (+51.1) 433-8925
                                     E-mail: ehud.gonen@israeltra      E-mail: dcm@lima.mfa.gov.il
   MYANMAR – Burma                   de.gov.il
                                                                       PHILIPPINES
   Mr. Tzahi Selzer                  NIGERIA
                                                                       Mr. Zvi Aviner-Vapni
   First Secretary – Economic                                          Ambassador
   Affairs (Resident in Bangkok,     Mr. Moshe Ram                     Mr. Netanel Moskovich
   Thailand)                         Ambassador                        Second Secretary
   Ms. Ruth Shats                    Florence Trade Officer            Embassy of Israel Trafalgar
   Ambassador                        Embassy of Israel                 Plaza, 23 Fl. 105 H.V. Dela
   Embassy of Israel 15, Khbaung     12 Mary Slessor Street off        Costa St. Salcedo Village,
   St. Hlaing Township Yangon        udo12                             Makati City Manila
   Tel: (+95.1) 515-115              Asokoro District Abuja             Tel: (+63.2) 892-53330/2
   Fax: (+95.1) 515-116              Tel: (+234.9) 314-3170 /8         Fax: (+63.2) 894-1027
                                     Fax: (+234.9) 314-3177            E-mail: dcm@manila.mfa.gov.il
   E-mail: info@yangon.mfa.
                                                                       info@manila.mfa.gov.il




                                                                                                        59
   gov.il                            E-mail: economicassist@abuj
                                                                       Site:www.kathmandu.mfa.gov.il
   Site: www.yangon.mfa.gov.il       a.mfa.gov.il
                                     info@abuja.mfa.gov.il
THE ISRAELI ECONOMY AT A GLANCE
                                                                                           2009
          POLAND

          Mr. Avi Fridman
          Minister Counsellor
          Embassy of Israel                  RUSSIAN FEDERATION                SLOVAKIA
          Krzywickiego 24
          Warsaw 02-078                      Mr. Eduard Shteinbuk              Mr. Yoram Gilady
          Tel: (+48.22) 597-0515/4           Head of Trade and Economic        Minister – Economic Affairs
          Fax: (+48.22) 825-1410             Mission                           (Resident in Vienna, Austria)
          E-mail: warsaw@moital.gov.il       Embassy of Israel                 Ms. Martina Cicelova
          Site: www.israeltrade.gov.il/      56 Bolshaya Ordynka St.           Trade Officer
          poland                             Moscow 101000                     (Resident in Vienna, Austria)
                                             Tel: (+7.495) 797-2737/8/9        Embassy of Israel Anton-
          PORTUGAL                           Fax: (+7.499) 230-1208            Frank-Gasse 20 1180 Vienna
                                             E-mail: eduard.shteinbuk@isr      Austria
          Mr. Amos Wohl                      aeltrade.gov.il                   Tel: (+43.1) 4764-6559
          Minister – Economic &              Site: www.israeltrade.gov.il/     Fax: (+43.1) 4764-6576
          Commercial Affairs                 russia                            E-mail: Martina.Cicelova@isr
          (Resident in Madrid, Spain)                                          aeltrade.gov.il
          Ms. Martha Steinhardt              SENEGAL
          Trade Officer                                                        SOUTH AFRICA
          Embassy of Israel Rua              Mr. Gideon Behar                  – Johannesburg
          Antonio Enes 16-4 Lisbon           Ambassador
          1050-025                           Ms. Maya Yaron                    Mr. Or Pearl
          Tel: (+351.21) 355-3643            Second Secretary                  Head of Trade & Economic
          Fax: (+351.21) 355-3656            Mr. Eyal Yaron                    Mission
          E-mail: Lisbon@moital.gov.il       Economic Officer                  Embassy of Israel to South
          Site: www.israeltrade.gov.il/      Embassy of Israel 3 Place de 1’   Africa
          portugal                           Independance B.P. 2096, Dakar     Trade & Economic Office
                                             Tel: (+221) 823-3561, 823-        4 Sundown Valley Crescent
          QATAR                              7965                              Sandton 2196, 3rd Fl.
                                             Fax: (+221) 823-6490              Johannesburg
          Mr. Roi Rosenblit                  E-mail: info@dakar.mfa.gov.il     Tel: (+27.11) 783-9605
          Head of Mission                                                      E-mail: johannesburg@israelt
          Ms. Yafit Shriki                   SERBIA                            rade.gov.il
          Deputy Head of Mission
          Israel Trade Representation        Mr. Arthur Koll                   SPAIN
          Office 56/11 Ibn Al-Buhaturi St.   Ambassador
          P.O.Box 22183 Doha, Qatar          Mr. Yair Frommer                  Mr. Amos Wohl
          Tel: (+974) 468-9074/5/6/7         Second Secretary                  Minister – Economic &
          Fax: (+974) 468-5258               Embassy of Israel 47 Bul.         Commercial Affairs
          E-mail: info@doha.mfa.gov.il       Mira (Dedinje) Belgrade           Embassy of Israel Velazquez
          represent@doha.mfa.gov.il          Tel: (+381.11) 367-2400           150, 7th Fl. Madrid 28002
          cao@doha.mfa.gov.il                Fax: (+381.11) 367-0304           Tel: (+34.91) 782-9529/20
                                             E-mail:dcm@belgrade.mfa.gov.il    Fax: (+34.91) 564-0002
          ROMANIA                            info@belgrade.mfa.gov.il          E-mail: comercial@embajada-
                                                                               israel.es Madrid@israeltrade.
          Ms. Yifat Inbar                    SINGAPORE                         gov.il
          Economic and Commercial                                              Site: www.israeltrade.gov.il/spain
          Attaché                            Ms. Anat Katz
          Ms. Raluca Stefania Corcau         First Secretary – Economic        SWEDEN
          Assistant to the Commercial        Affairs
          Attaché                            Embassy of Israel 24 Stevens      Mr. Joseph Akerman
          Embassy of Israel No. 1            Close Singapore, 257964           Counsellor – Economic Affairs
          Dimitrie Cantemir Blvd.            Tel: (+65) 6834-9220              Embassy of Israel
          Sitraco Center Bucharest           Fax: (+65) 6737-2502              Storgatan 31 P.O.B 14006
          Tel: (+40.21) 318-9407/8           E-mail: attache.sg@israeltra      S-10440 Stockholm
          Fax: (+40.21) 318-9413             de.gov.il                         Tel: (+46.8) 5280-6580




60
          E-mail: Bucharest@israeltra        Site: www.israeltrade.gov.il/     Fax: (+46.8) 660-4406
          de.gov.il                          singapore                         E-mail:Stockholm@moital.gov.il
          Site: www.israeltrade.gov.il/                                        Site: www.israeltrade.gov.il/
          romania                                                              sweden
THE ISRAELI ECONOMY AT A GLANCE
                                                                                             2009
     SWITZERLAND

     Mr. Ami Levin
     First Secretary – Economic                                         U.S.A – Atlanta
                                      TURKEY – Istanbul
     Affairs Deputy Permanent
     Representative to the WTO        Mr. Doron Abrahami                Mr. Reda Mansour
     Permanent Mission of Israel      Consul                            Consul General
     to the U.N & International       Consulate General of Israel       Ms. Sharon Kabalo
     Organisation 1-3, Rue de la      Buyukdere Cad. Yapi Kredi         Consul
     Paix 1202 Geneva                 Plaza C Blok Kat 7                Consulate General
     Tel: (+41.22) 716-0507           4 Levent 80620 Istanbul           Spring St. 1100, Suite 440
     Fax: (+41.22) 716-0416           Tel: (+90.212) 317-6547           Atlanta, GA 30309-2823
     E-mail: geneva@moital.gov.il     Fax: (+90.212) 317-6549           Tel: (+1404) 487-6500
                                      E-mail: istanbul@moital.gov.il    Fax: (+1404) 487-6555
     Site: www.israeltrade.gov.il/
                                      Site: www.israeltrade.gov.il/     E-mail: info@atlanta.mfa.gov.il
     switzerland
                                      turkey
                                                                        U.S.A-Boston
     TAIWAN                           UKRAINE
                                                                        Mr. Nadav Tamir
     Mr. Ophir Gore                   Ms. Alexandra Aronin              Consul General
     Director of Economic Affairs     Commercial Attaché                Ms. Adi Golani
     ISECO - Israel Economic and      Embassy of Israel 34,
                                                                        Economic Affairs Officer
     Cultural Office in Taipei        L.Ukrainki Blvd. Kyiv
                                      Tel: (+380.44) 586-1500           Consulate General
     ITB, Rm. 2408, 24F., 333
                                      Fax: (+380.44) 586-1555           20 Park Plaza, Suite 1020
     Keelung Rd., Sec 1, Taipei
                                      E-mail: Alexandra.aronin@isr      Boston, MA 02116
     11012, Taiwan
                                      aeltrade.gov.il                   Tel: (+1.617) 535-0218
     Tel: (+886.2) 2757-7221/2
                                      Site: www.israeltrade.gov.il/     Fax: (+1.617) 535-0255
     Fax: (+886.2) 2757-7197          ukraine                           E-mail: economic@boston.mf
     E-mail: economy@taipei.org.il
                                                                        a.gov.il
     Site: www.israeltrade.gov.il/    URUGUAY
     taiwan                                                             U.S.A – Chicago
                                      Mr. Joel Barnea
     THAILAND                         Ambassador                        Ms. Noa Asher
                                      Mr. Yosef Levi-Sfari              Consul – Economic Affairs to
     Mr. Tzahi Selzer                 Second Secretary                  the Midwest
     First Secretary – Economic       Embassy of Israel Bulevar         Government of Israel
     and Trade Affairs                Artigas 1585 Montevideo           Economic Mission
                                      Tel: (+598.2) 400-4164/5/6        111 East Wacker Drive, Suit
     Embassy of Israel 75 Soi
                                      Fax: (+598.2) 409-5821            1230 Chicago, Illinois 60601
     Wattana                          E-mail: dcm@montevideo.m          Tel: (+1.312) 332-2160 ext. 25
     Sukhumvit Rd. Soi 19             fa.gov.il                         Fax: (+1.312) 332-2163
     Bangkok 10110                    info@montevideo.mfa.gov.il        E-mail: noa.a@israeltrade.gov.il
     Tel: (+66.2) 204-9240/1                                            Site: www.israeltrade.gov.il/
     Fax: (+66.2) 204-9245            UNITED KINGDOM                    chicago
     E-mail: bangkok@moital.gov.il
     Site: www.israeltrade.gov.il/    Mr. Gil Erez                      U.S.A – Durham
     thailand                         Minister – Commercial Affairs
                                      Embassy of Israel 2 Palace        Mr. Ohad Cohen
     TURKEY – Ankara                  Green London W8 4QB               Commercial Attaché
                                      Tel: (+44.207) 957-9525           (Resident in Washington)
                                      Fax: (+44.208) 369-5161           Ms. Bitia Puderbeutel
     Mr. Menahem Kanafi               E-mail: london@moital.gov.il      Director
     Counsellor                       Site: www.israeltrade.gov.il/uk   Government of Israel
     Embassy of Israel                Mr. Shmuel Ben-Tovim              Trade & Investment Office
     Sok. Mahatma Gandi 85            Minister – Economic Affairs       302 East Pettigrew St., Suite 340




                                                                                                            61
     Ankara                           Tel: (+44.207) 957-9514/28         Durham, North Carolina 27701
     Tel: (+90.312) 459-7500          Fax: (+44.207) 957-9593           Tel: (+919) 682-4918
     E-mail: info@ankara.mfa.gov.il   E-mail: economics@london.m        Fax: (+919) 682-4929
                                      fa.gov.il                         E-mail: bitiap@israeltrade.gov.il
THE ISRAELI ECONOMY AT A GLANCE
                                                                                       2009
         U.S.A – Houston

         Mr. Roee Madai
         Consul – Economic Affairs          U.S.A – San Francisco            VIETNAM
         Government of Israel
         Economic Mission US                Mr. Akiva Tor                    Mr. Ran Yehezkel
         Southern Region                    Consul General                   Commercial Attaché
         2 Riverway, Suite 740              Mr. Haled Ismail                 Embassy of Israel
         Houston, Texas 77056               Second Secretary                 68 Nguyen Thai-Hoc
         Tel: (+1.713) 599-0290                                              Ba Dinh district Hanoi
                                            Consulate General of Israel
         Fax: (+1.713) 599-0296                                              Tel: (+84.4) 3843-3140
                                            456 Montgomery St. Suite         Fax: (+84.4) 3843-5760
         E-mail: roeem@israeltrade.gov.il
                                            2100                             E- mail: ran.yehezkel@israelt
         Site: www.israeltrade.gov.il/
         houston                            San Francisco, CA 94104          rade.gov.il
                                            Tel: (+1.415) 844-7500/2         Site: http://.hanoi.mfa.gov.il
         U.S.A – Los Angeles                Fax: (+1.415) 844-7555
                                            E-mail: economic@sanfrancis
         Mr. Shai Aizin                     co.mfa.gov.il
         Consul – Economic Affairs          info@sanfrancisco.mfa.gov.il
         Government of Israel
         Economic Mission                   U.S.A – Washington
         6380 Wilshire Blvd. Suite
         1700 Los Angeles, California       Mr. Ohad Cohen
         90048
                                            Commercial Attaché
         Tel: (+1.323) 658-7924
         Fax: (+1.323) 651-0572             Embassy of Israel
         E-mail: Shai.Aizin@Israeltrade.    3514 International Drive N.W.
         gov.il                             Washington D.C. 20008
         Site: www.israeleconomicla.com     Tel: (+1.202) 364-5695
                                            Fax: (+1.202) 364-5647
         U.S.A – Miami                      E-mail: ohad.cohen@israeltra
                                            de.gov.il
         Mr. Ofer Bavly
         Consul General                     UZBEKISTAN
         Consulate General
                                            Mr. Hillel Newman
         N. Biscayne BLVD. 100
                                            Ambassador
         Suite 1800                          Embassy of Israel
         Miami, Florida 33132               3 Kahar St.
         Tel: (+1.305) 925-9400             Tashkent
         Fax: (+1.305) 925-9455              Tel: (+998.71) 120-5810/1
         E-mail: info@miami.mfa.gov.il      Fax: (+998.71) 120-5994
                                            E-mail: ambassador@tashkent
         U.S.A – New York                   .mfa.gov.il
                                            info@tashkent.mfa.gov.il
         Mr. Yair Shiran
         Economic Minister to North         VENEZUELA
         America
                                            Mr. Shlomo Cohen
         Government of Israel               Ambassador
         Economic Mission                   Embassy of Israel
         800 Second Av., 16 Fl.             Avenida Fransisco de Miranda
         New York, New York nm              Centro Empresarial de
         10017                              Miranda
         Tel: (+1.212) 499-5610             Piso 4, Oficina 4D Los Ruices
         Fax: (+1.212) 499-5615             70081 Caracas




62
         E-mail: yair.shiran@israeltrade.   Tel: (+58.212) 239-4510 /11
         gov.il                             Fax: (+58.212) 239-4320
         Site: www.israeleconomicmission    E-mail:info@caracas.mfa.gov.il
                                            dcm@caracas.mfa.gov.il
         .com
THE ISRAELI ECONOMY AT A GLANCE
                                                                     2009

              Published by The Ministry of Industry, Trade & Labor
                     5 Bank of Israel Street, Jerusalem, Israel
                               Tel (+972 2) 6662000
                    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
                                    Bank of Israel
                             International Publications



                           Graphics Design – Moshe Meitar



                          Ministry of Industry Trade & Labor
                                  www.moital.gov.il



                                                                      63

				
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Description: Israel Economy at a glance (2009)