EMBASSY OF I SRAEL TO LATVIA AND LITHUANIA
E C O NO MI CAL A N D
BU S I NE S S DATA
OV E RVI E W
ISRAEL
ECONOMICS AND BUSINESS NEWS
LATEST STATISTICAL DATA
INFORMATION FROM ECONOMICS DEPARTMENT
ISRAEL
MARCH, 2007
ECONOMICS AND BUSINESS NEWS
E C O N O M IC D E V E LO P ME N T
Economic Outlook
March
http://english.leumi.co.il/LeumiCnt/MediaServer1/123078_Leumi_Econ_Outlook_260307z
.pdf
Lynn: Israel Major Player in the East Mediterranean
Uriel Lynn, head of the Federation of Israeli Chambers of Commerce, said on the second day of the
"port2port International Logistics & Transportation Conference" that from the end of 2003 until the
end of 2006 Israel had turned out to be a major player in international commerce in the East
Mediterranean region.
Lynn noted that last year Israel's trade balance reached the $100 billion mark, export of goods totaled
$46.4 billion and import totaled $47.8 billion. Israel, according to Lynn is already a major player
whose purchasing power interest many European countries. In so far as service exports, Lynn noted
that a dramatic increase in export of services was registered in 2006.
According to Lynn, total export of services reached the level of $19.6 billion, representing 10%
increase compared to 2005. In 2006 export of services was 14% of the GDP and 31% of Israel's total
exports.
Israel places 2nd in patent applications to Europe
(YnetNews)
Israel is second place in the number of applications filed by local companies and bodies for patent
registration in Europe, according to a Business Data Israel (BDI) study. The data, valid for 2005,
applies to non-European countries filing patent requests, and is relative to each country's population.
Taking first place was Japan, with some 168 patent requests, followed by Israel with some 112
requests. The United States came in third with some 111 requests, followed by Korea with about 79,
Canada with about 54 and Australia with 44. In 2006, Israel came in fourth place in the number of
patents that were approved and registered in the United States with 178.5 patents per 1 million
residents, marking an 18 percent rise from 2005, where it came in fifth place.
“Economist”: Tel Aviv 47th in cost-of-living table
(Globes)
“The Economist” has published its ranking of the world’s 132 most expensive cities. Tel Aviv, the
“city that never sleeps” is ranked 47th.
The top ten cities include Oslo, Paris, Copenhagen, and London, followed by Tokyo and Osaka.
Eight cities in the top ten are all in Europe: the others are Reykjavik, Zurich, Frankfurt and Helsinki.
The survey demonstrates that Europe is more expensive that the US. Unexpectedly, New York is
only in 28th place, although it is the most expensive city in the US.
The cheapest city in the list is Teheran, although tourists will probably give it a wide berth at this
time.
Why haven’t New York and Tel Aviv claimed a higher place in the rankings? The reason is that real
estate is not one of the criteria, which only comprise a basket of 160 goods and services, including
restaurants, fuel, electricity, taxis, cigarettes, and other items from toothpaste to theater tickets.
For the sake of comparison, the survey’s baseline (100) is New York. Oslo gets a score of 134, and
London 125. Moscow, in 26th place and which has the world’s most expensive real estate, has a
score of 101. “The Economist” says, “Old Europe has become old and expensive Europe.”
Bank of Israel soundness indicators conform to international standards
Israel’s risk premium on international markets is now 0.22%.
The Bank of Israel has published, for the first time, regular indicators of financial stability, some of
which are also published on the website of the International Monetary Fund (IMF). This is part of an
international project in which some 60 countries are participating, to promote the preparation and
publication of comparable data on levels of stability in these countries' financial systems.
The data, presented in three tables that the Bank of Israel has begun to publish on a regular basis, are
essential for the monitoring and analysis of developments in Israel's financial stability. The first table
shows indicators of the stability of Israel's financial system, according to the IMF's list; the second
table presents indicators that the Bank uses for monitoring and analyzing financial stability, which up
till now have been presented only in the Bank's annual report, including indicators on the nonbanking sector that are not included in the first table; while the third table shows comprehensive and
detailed data on general credit (from banking and non-banking sources) in the economy, which are
important for analyzing economic activity and financial stability, particularly in connection with the
spread of credit risk in the economy and improvements in the credit market.
For the financial stability indicators - Click here
Bank of Israel raises 2007 growth forecast
On the basis of the latest macroeconomic data, the central bank now expects
5.1% GDP growth this year.
(Globes)
The Bank of Israel today published its updated growth forecast for 2007, which Governor of the
Bank of Israel Prof. Stanley Fischer first mentioned to “Globes”.
The Bank of Israel predicts 5.1% GDP growth, up half a percentage point from its previous forecast
of 4.6% published in December 2006. It expects the unemployment rate to fall to 7.5% on average.
“Growth will be led by the business sector, which in the updated forecast is expected to expand by
6.2%.”
The Bank of Israel also predicts an increase in the trade surplus in 2007.
LATEST STATISTICAL DATA
BASIC STATISTICS
Data Category
Gross domestic product
Period of latest data
IVQ, 2006
Latest data
153,620 NIS millions
February, 2007
98.7
February, 2007
-0.3 %
Unemployment rate, % of
economically active population
IVQ, 2006
7.7%
Exports of goods and services
February, 2007
2,460.1 $ million
Imports of goods and services
February, 2007
3,422.6 $ million
CPI
CPI, % (against previous month)
Trade with Latvia and Lithuania

http://www.cbs.gov.il/fr_trade/td1.htm
Data from Central Bureau of Statistics, Israel (www.csb.gov.il)
 Gross Domestic Product reached 153,620 NIS millions in Q4.
 The Consumer Price Index (CPI) fell by 0.3% points in February 2007 to 98.7 points
(baseline 100 = 2006 average). This is the seventh consecutive month that the CPI has not
risen; it has actually fallen in five of the past six months. The CPI has fallen by a cumulative
2.2% over the past seven months; an annualized fall of 4.5%.
 Unemployment rate is falling faster than expected. It fell to 7.7% of the civilian workforce
in the fourth quarter of 2006, the lowest level since the mid-1990s, the Central Bureau of
Statistics reported. The unemployment rate was 8.3% in the preceding quarter and 8.9% in
the corresponding quarter of 2005.
 Israel’s trade deficit totaled $900 million in February 2007. Exports totaled $3.2 billion, and
imports $4.1 billion, the Central Bureau of Statistics reported.
Israel’s trade deficit averaged $668 million a month in January-February, amounting to an
annualized $8 billion, the same level as in 2006. Imports totaled $8.1 billion in JanuaryFebruary and exports $6.8 billion.
 Foreign investment totaled $1.23 billion in February: $775 million was invested in
securities, including $477 million in Tel Aviv Stock Exchange (TASE) listed stocks, and $451
million in direct investment. At the same time, foreign investors sold $290 million worth of
bonds, as the Bank of Israel reported.
 Israel’s foreign currency reserves rose by 8.2%, or $2.35 billion, in February 2007 to an all
time high of $30.78 billion, the Bank of Israel reported.
 Government revenues in February were NIS.8 billion and expenditure was NIS 16.8
percent, for a surplus of NIS1.1 billion. Since the beginning of the year, the government has
taken in NIS 36 billion in revenues and has spent NIS 30.6 billion, leaving an NIS 5.4 billion
surplus.
 The State of Economy Index rose 0.3% in February the Bank of Israel reported. The
index rose 0.8% in January-February.
INFORMATION FROM ECONOMICS
DEPARTMENT
Trade cooperation with Israel
Read more…
P RO D U C T S A N D S E RV I C E S OF I S R A E L I C OM PA N I E S S E E K I N G A G E N T S ,
D I S T R I BU TO R S , J O I N T V E N T U R E PA RT N E R S OR P U R C H A S E R S I N L A T V I A A N D
L I T H UA N I A
Viora Ltd.
Viora is a global market leading developer of technologically advanced medical aesthetics solutions
for practitioners and their customers worldwide. The company strives to meet the professional and
business needs of medical aestheticians by developing solutions of the highest professional
standards. All devices are clinically tested, proven effective and endorsed by physicians and
therapists world wide
The Company is currently expanding their operations in Europe and looking for potential
partners/distributors.
Contact person: Ms. Dafna Choresh, Regional manager
Tel: +972-356-222-48
Fax: +972-356-222-47
E-mail: dafna@vioramed.com
www.vioramed.com
SDE Ltd.
SDE is an Israeli company marketing and building sea wave power plants.
The Company is looking for potential partners.
Contact person: Mr. Shmuel Ovadia, Managing Director
Tel.+972-3-7397107
Fax. +972-3-631-9239
Web site: http://www.sde.co.il
E-mail: abe@shani.net
Decker Building & Engineering
The Company is an Israeli company with vast experience in building & infrastructure projects
planning, management and supervision.
The Company is looking for contractors and any other organizations related to our area of activities.
Contact person: Ronen Topel, Marketing Manager
Mobile: +972-52-6979815
Office:+972-3-6893900
Fax: +972-3-6883299
Mail: ronen@decker.co.il
www.decker.co.il
Imp-Ex Global Ltd.
The company is importing softwood lumber for pallet and construction.
The Company is looking for producers/suppliers of/for softwood lumber and cement.
Contact person: Ofer Manor
Tel/Fax: +972 (0) 36355849
E-mail: impex2@netvision.net.il
www.impexglobal.net
Ocean White International 2003 Ltd.
The Company is a joint venture between a group of highly-experienced businessmen from Hong
Kong and Israel. Our major project is a unique cosmetic brand developed in order to be marketed
internationally.
The brand was developed according to innovative formulas, based on 2 unique elements:
- Ingredients from the Dead Sea, a salt-water lake located in Israel at the lowest point on earth.
- Dunaliella Salina – A Dead Sea algae (micro organism) well-known for its many cosmetic attributes
such as being a natural producer of Beta Carotene- a vitamin vital for skin moisture.
The Company is looking for distributors.
Contact person: Rita Shvat, Administrative Manager
8 Hamenofim St. Herzliya, Israel 46725
Tel: +972-9-9725610
Fax: +972-9-9725611
rita@oceanwhite.com
www.oceanwhite.com
BUSINESS OPPORTUNITIES FROM ISRAEL
March 2007
Company Name
Contact Person
Address
Telephone No.
E-Mail
Website
Year of Establishment
No. of Employees
Summary of Offer
Description of Offer
Paralight Aviation LTD
Moshe Roimi
29/8 Zihron Yakov St., Petah Tikva 49727, Israel
972-3-9224073
paralight@bezeqint.net
www.paralightaviation.com
2006
10
Paralight Aviation LTD is interested to establish commercial
contacts with shops and networks. The company has a stock of
units and it is ready to support its suppliers with full professional
service and warranty for its products.
Paralight Aviation is proud to introduce a new type of Air-craft in
the field of R/C models. Paralight is a motored R/C gliding
parachute that was designed and developed by Paralight-Aviation
and is being offered these days for in Europe and the U.S.
The motored parachute offered was meant to be used as an Aircraft alternative for hobbyists who discover the product's many
advantages that no other R/C model spices can offer.
Activity
Target Countries
Company Name
Contact Person
Address
Telephone No.
Fax
E-Mail
Website
Year of Establishment
No. of Employees
Summary of Offer
Description of Offer
• The product is considered professional. It is not a toy and is
designated for use by individuals aged 13 years and older.
• Simple 2 axis control in the air.
• Require very little routine maintenance and therefore is efficient.
• Built from durable materials.
• Allow to upgrade your hobby like: aerial-photography, candy
dropping.
• Paralight uses standard main-parts from the R/C hobby field.
Export
All Countries
Global Rosenfeld ltd
Shlomo Elmaliah
2 Kaufman St., Tel Aviv 68012, Israel
972-3-5100972
972-3-5100975
shlomo@global-rosen.com
www.global-rosen.com
2000
7
Importing to Israel canned products, rice and edible oils
Global Rosenfeld ltd is looking for reliable suppliers to import to
Israel on a long term basis, the flowing products:
• Edible oils: olive, soya , canola ,corn ,sunflower.
• Canned and preserve products: fish, vegetable, fruits.
• Rice.
Activity
Target Countries
Importing food products for the retail market
All Countries
Company Name
Contact Person
Address
Telephone No.
Fax
E-Mail
Website
Year of Establishment
No. of Employees
Summary of Offer
ELKAT Security Engineering Ltd.
Description of Offer
Activity
Target Countries
Mr. Kobi Reuven
19 Mikve Israel St, Tel Aviv 65115, Israel
972-3-5604744
972-3-5604745
elkat@netvision.co.il
http://www.elkat.co.il
1985
10
ELKAT is specialized in Homeland Security devices, surveillance
and counter-surveillance activities.
ELKAT was founded in 1985 by security professionals. The
company is dedicated to the development, production and
marketing of highly sophisticated surveillance and security devices
and systems.
ELKAT is cooperating along with leading companies in the
monitoring, encryption, tapping and jamming fields, as well as
identification and exposure of explosives and drugs.
Known as a major manufacturer in the security and surveillance
field.
ELKAT specializes in consulting and giving solutions in the
surveillance and security fields, as well as advising and supplying
advanced means for VIP and sensitive facilities protection.
ELKAT also trains special teams in operating surveillance, counter
surveillance and polygraph systems.
ELKAT has a wide range of security products, services and
technical advice of the highest levels in today's security market.
The company’s products are sold worldwide to private and public
clients working in the security and surveillance, encryption and
anti-terror fields.
Among Elkat’s clients are security, military, and police forces, as
well as private market, factories, businesses, health and education
institutes and banks.
Main Advice Fields:
- personal and system security fields
- prevention of industrial spying and information theft
Other Fields of Activities:
Checking secret eavesdropping / tapping
Consulting and mar of hidden Video / Audio recording systems
Installation of closed circuit video recording systems
Checking and Sorting workers with different technologies
(polygraph, vocal stress...)
Special investigations and surveillance
Training of security and intelligence teams.
ELKAT considers the client as a partner for many years. Therefore,
ELKAT will create a cooperative environment, constantly
communicating and supporting the client, in order to get immediate
and sufficient solutions for the client requests.
R&D, Production, Sales, Consulting and Training
All Countries
Company Name:
Contact Person:
Address:
Telephone No.:
Fax No.:
E-Mail:
Web Site
Year of Establishment
No. of Employees:
Summary of offer:
Description of Offer:
SEA LEVEL- 400 Ltd.
Mr. Fred Rosengart, Export Manager
2 Faran St., KENY House, New Industrial Area Yavne, Israel
972-8-9435772
972-8-9435773
fredr@exportsealevel-400.com
www.sealevel-400.com
1999
25
SPA & COSMETICS from the deepest levels of the earth, the
Dead Sea.
SEA LEVEL- 400 the manufacturer of "A NATURAL GENUINE
DEAD SEA MINERAL COMPLEX", is proud to present its
products: A competitive premium spa & cosmetic brand- "Natural
Beauty Style" from the deepest levels of the earth ready for global
distribution!
The company's world renowned spa & cosmetic line is
manufactured using the most advanced technologies to comply
with Ministry of Health standards, the GMP standard relating to
cosmetics and ISO 9000.
Activity:
Target Countries:
All the products have a high absorption rate, soft and gentle
texture, an especially high UV factor and unique properties of The
Dead Sea to contribute to skin rejuvenation and overall feeling of
calmness.
Export/Joint Venture
All Countries
UPCOMING EVENTS 2007
APRIL:
07 April 2007
Tel Aviv - Israel
Preventive Nutrition - International Symposium and Exhibition
18 Apr – 19Apr 2007
Tel Aviv – Israel
AGRO MASHOV
29 Apr-04 May 2007
Jerusalem - Israel
JIBF - Jerusalem International Book Fair
MAY:
07 May 2007
Tel Aviv - Israel
Waterfronts Israel - Water Technologies Exhibition
13 May-14 May 2007
Tel Aviv - Israel
Gym ISRAEL - Sports Equipment and Sports Facilities Exhibition
15 May-17 May 2007
Tel Aviv - Israel
Environment - International Exhibition for Environment Technologies
29 May-31 May 2007
Tel Aviv - Israel
Rehab-Expo - Exhibition for Rehabilitation, Care and Integration
JUNE:
5 June-7 June 2007
Tel Aviv - Israel
BioMed Israel - National Life Science and Technology Week - Exhibition and
Conference
5 June-7 June 2007
Tel Aviv - Israel
COMPUTAX - The 28th International Exhibition for Computer Systems, Hardware and
Software, Communication, Security, Services, Intelligent Home and Gadgets
07 June, 2007
Tel Aviv - Israel
VON Israel - Exhibition and Conference for IP Communications
18 June-21 June, 2007
Tel Aviv - Israel
TECHNOLOGY - International Exhibition for Machinery, Hi-Tech and Industrial
Equipment. The 19th International Exhibition for Technology developments.
http://www.israel-trade-fairs.com/technology/index.html
26 June-28 June, 2007
Tel Aviv - Israel
Police & State - Security - Civil Defense, Emergency and Rescue, Disaster Control and
Law Enforcement Exhibition and Conference
10 July-11 July,2007
Tel Aviv - Israel
JOVELLA - International Jewellery Trade Fair
30 July-01 August, 2007
Tel Aviv - Israel
GIFTEC - Exhibition of Gifts, Housewares, Tableware and Decoration
09 October – 11 October, 2007
Tel Aviv - Israel
SECURITY ISRAEL - International Homeland Security and Defense Exhibition - Civil
Defense, Police, Armed Forces and Aviation
22 October-24October, 2007
Tel Aviv - Israel
ACLIMA - International Exhibition for Air-Conditioning, Refrigerating and Ventilation
30 October-01 November, 2007
Tel Aviv - Israel
Watec Israel - International Water and Environmental Technologies Exhibition
06 November-08 November, 2007
Tel Aviv - Israel
Fis Technologies - International Exhibition for Office Technologies, Office Equipment,
Communication and Marketing
06 November-08 November, 2007
Tel Aviv - Israel
PrintEX - Isprint - International Exhibition for Printing Industry and Cross Media
Technologies
12 November-15 November, 2007
Tel Aviv - Israel
TIMBER - International Exhibition for Machinery, Working Tools, Equipment and
Fittings for the Wood and Furniture Industry
14 November-16 November, 2007
Tel Aviv - Israel
IDAN - Exhibition of Dental Equipment and Dental Products
26 November-28 November, 2007
Tel Aviv - Israel
FOODPACK - Food and Beverage Packing Exhibition
26 November-28 November, 2007
Tel Aviv - Israel
ISRAFOOD - International Exhibition for Food and Beverage incl. IsraWine and
Delicacy Avenue
26 November-28 November, 2007
Tel Aviv - Israel
HOTEX - International Exhibition for Hotel Management, Restaurants, Bars, Food
Display, Marketing, Catering Institutions and Large Building Maintenance
22 December-26 December, 2007
Tel Aviv - Israel
The Electronic Saloon - International Consumer Electronics Show
More information about exhibition in Israel :
 Israel Trade Fairs and Convention Center
 Kenes International
 Stier's Group Exhibitions