Additional articles
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Real EstateThe New Path for Promoting Long Term Rent Projects
Last week the Ministerial Committee for Legislation approved a Bill submitted by Knesset Member Roy Folkman (Kulanu), which aims to authorize the Local Planning and Building Committees to approve building additions of up to 15% for residential construction projects, provided that at least a quarter of the apartments constructed are allocated for subsidized long term rent (20% below the market price, during a period of 20 years). The apartments designated for long term rent will be allocated to eligible tenants who meet certain thresholds to be determined by the Government
The New Path for Promoting Long Term Rent Projects
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DUN'S 100Service & Trade Sector
In 2016, Israel’s Real GDP increased by 4%, following increases of 2.5% in 2015 and 3.2% in 2014 (the Gross Domestic Product is the net value of all of the products and services that were produced in Israel). The 4% increase that Israel recorded in 2016 was relatively high in comparison to the 1.7% average rate of growth in OECD countries in 2016. However, due to Israel’s relatively fast population growth, this gap diminished on a per capita basis, with 2% in Israel compared to an average of 1.1% with the OECD(1).
Service & Trade Sector
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DUN'S 100
Dun's100: Insurance agency revenue totaled NIS 692m in 2012
Mivtach Simon, controlled by Migdal, remains top of the Dun's 100 rankings for insurance agencies.
Dun's100: Insurance agency revenue totaled NIS 692m in 2012
