Aug 12, 2012

Silver Linings

David DolanBy David Dolan

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The Israeli economy continues to slow down, as is happening in much of the Western world, along with China and India. Despite this bad news, there are several silver linings apparent in these difficult financial days.

Tel Aviv, Israel

Tourism to Israel booming

Tourism figures have held up very well, although the numbers coming from wealthier western nations continues to decline while visits are way up from Russia, parts of Africa and the Far East.

Israeli officials recently announced that they have signed what is termed an "open skies" accord with the ever growing European Union, which now contains over half a billion people. It took three years to negotiate the details of the agreement, which is expected to be swiftly approved by both the Israeli Knesset and the European Union Parliament based in Strassbourg, France.

Transportation Minister Yisrael Katz predicted what he called "a significant drop" in airline prices between Israel and Europe along with the addition of new routes. He proclaimed that all this should add thousands of jobs inside of Israel.

Meanwhile an Israeli company has won the first Chinese government contract to boost the country’s water distribution system.