Israel

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Coat of arms: the Emblem of the State of Israel (Hebrew: סמל מדינת ישראל‎, translit. Semel Medinat Yisra'el; Arabic: شعار دولة إسرائيل‎, translit. shiear dawlat 'iisrayiyl) shows a menorah surrounded by an olive branch on each side, and the writing «ישראל» (Hebrew for Israel) below it. The menorah was used in the ancient Temple in Jerusalem and has been a symbol of Judaism since ancient times. It symbolizes universal enlightenment.

Flag: was adopted on 28 October 1948.

It depicts a blue hexagram on a white background, between two horizontal blue stripes. The Israeli flag legislation states that the official measurements are 160 × 220 cm. Therefore, the official proportions are 8:11.

 

 

  • Anthem: «Hatikvah» is a Jewish poem and the national anthem of Israel. Its lyrics are adapted from a poem by Naftali Herz Imber.
  • Official languages: Hebrew.
  • Geographical location: it is a country in the Middle East, located on the southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea. It has land borders with Lebanon to the north, Syria to the northeast, Jordan on the east, the Palestinian territories of the West Bank and Gaza Strip to the east and west, respectively, and Egypt to the southwest. 
  • Administrative divisions: the State of Israel is divided into six main administrative districts, known as mehozot — Center, Haifa, Jerusalem, North, South, and Tel Aviv districts, as well as the Judea and Samaria Area in the West Bank. All of the Judea and Samaria Area and parts of the Jerusalem and Northern districts are not recognized internationally as part of Israel. Districts are further divided into fifteen sub-districts known as nafot, which are themselves partitioned into fifty natural regions.
  • Capital: Jerusalem.
  • Governance: Israel is a parliamentary democracy with universal suffrage. A member of parliament supported by a parliamentary majority becomes the prime minister — usually this is the chair of the largest party. The prime minister is the head of government and head of the cabinet. Israel is governed by a 120-member parliament, known as the Knesset. Israel has a three-tier court system. At the lowest level are magistrate courts, situated in most cities across the country. Above them are district courts, serving as both appellate courts and courts of first instance; they are situated in five of Israel's six districts. The third and highest tier is the Supreme Court, located in Jerusalem.
  • Population: 8.985 million.
  • Currency: New shekel.
  • GDP: $350 billion.
  • Time zone: GMT+2, GMT+3.
  • Telephone code: +972.
  • Barcode: 729.

 

Trade and economic cooperation between Belarus and Israel

Israel's economic performance in 2018: 

  • GDP growth — 3.2%;
  • FX reserves — $115.2 billion (increased by $2.2 billion as compared to 2017);
  • Foreign debt — $92.9 billion (increased by $4.2 billion as compared to 2017);
  • Yearly average inflation — 0.8%;
  • Unemployment — 4.3% (as of January 2019);
  • Average salary — 10 800 shekels (about $3000 as of December 2018);
  • Trade turnover — $130 billion;
  • Exports — $54.2 billion;
  • Import — $75.6 billion;
  • Credit ratings:
    • АА- («Standard & Poor's»)
    • А1 («Moody`s»);
    • А+ («Fitch»).

In 2018, trade turnover between Belarus and Israel was up 15.3% to $162.4 million as compared to 2017. Belarus' exports increased by 22.4% to $93.9 million, imports — by 7% to $68.5 million. Trade surplus was up $12.6 million to $21.1 million as compared to 2017.

Belarus' most valuable export products:

  • Base metal mountings (BMZ, OJSC);
  • Polyamides (Grodno Azot, OJSC);
  • Nonwovens (Mogilvekhimvolokno, OJSC);
  • Ice cream and fish (Santa Bremor, JV);
  • Insulated wire, cable (Fiberlab, Ltd.);
  • Liquid crystal devices (OEM Tech, Ltd. and Solar LS, CJSC);
  • Moulding boxes for metal foundry (Complex Service, PC).

In 2018, Belarus mainly exported orthopaedic appliances, cut flowers, fruit juices, crop protection agents, agricultural machinery, plastics, some kinds of food products, adornment plants, cosmetics, medicaments and fruits to Israel.

Dynamics of trade in goods between Belarus and Israel in 2014 — 2019 (in million U.S. dollars)

Year

Turnover

Exports

Imports

Surplus

2014,

as compared to 2013, %

126.8

114.7

20.9

175

105.9

107

-85.0

 

2015,

as compared to 2014, %

129.6

102.1

19.3

92

110.3

104

-90.9

 

2016,

as compared to 2015, %

93.3

72

45.2

233

48.5

43.7

-3.3

 

2017,

as compared to 2016, %

140.8

150.2

76.7

169.7

64.0

132.1

+12.6

 

2018,

as compared to 2017, %

162.4

115.3

93.9

122.4

68.5

107

+25

 

January 2019,

as compared to January 2018, %

16.1

189.2

12.2

342.3

3.8

78.2

+8.4

 

The following factors reasonably constrain Belarusian exports to Israel:

  • Israel mainly imports raw materials;
  • domestic market is saturated with products of world brands, which have been there for a long period of time and have more attractive prices, because Israel has free-trade areas with a number of other countries;
  • food market has its peculiarities, determined by kashrus requirements.

Belarus's most promising products to export to Israel (in thousand U.S. dollars)

HS Code

Products

0402

Milk and cream, concentrated and in powder

0405

Butter

1512

Sunflower oil

1514

Rape oil

1806

Chocolate and other food preparations, containing cocoa

1905

Bread and bakery confectionery products

2001

Vegetables, fruit, nuts preserved by vinegar

2003

Mushrooms and truffles, prepared or preserved other than by vinegar

2004

Other vegetables prepared or preserved otherwise than by vinegar

4407

Wood sawn or chipped lengthwise

4803

Tissue, towel, napkin stock in rolls or sheets

6108

Women's knitted underwear

6115

Hosiery

6212

Corsetry

6307

Made up knitted or textile articles

In 2018, trade in services between the countries was up 11% to $55.1 million as compared to 2017. Belarus' exports of services increased by 17% to $38.7 million, imports decreased by 1.6% to $16.3 million. Trade surplus was up $5.6 million to $22.4 million as compared to 2017.

Dynamics of trade in commercial services between Belarus and Israel in 2014 — 2018 (in million U.S. dollars)

Year

Turnover of services

Exports

Imports

Surplus

2014,

as compared to 2013, %

25.1

91

20.4

104

4.7

57

+15.6

 

2015,

as compared to 2014, %

23.4

93

20.0

98

3.4

73

+16.1

 

2016,

as compared to 2015, %

37.8

161

27.5

140

10.3

300

+17.2

 

2017,

as compared to 2016, %

50.1

132

33.5

121

16.6

160

+16.8

 

2018,

as compared to 2017, %

37.8

111

28.0

117.2

9.7

98.4

18.3

 

Belarus' exports of IT services to Israel in 2014 — 2018 (in million U.S. dollars)

Years

2014

2015

2016

2017

2018

Exports

7.5

8.6

8.7

10.4

19.3

Previous period growth (%)

133.2

113.7

102

119

184.6

Belarus' exports of educational services to Israel in 2014 — 2018 (in thousand U.S. dollars)

Years

2014

2015

2016

2017

2018

Exports

215.3

223.1

256.0

264.3

466.6

Previous period growth (%)

125.8

103.6

113.5

103.2

176.5

Belarus' exports of travel services to Israel in 2014 — 2018 (in million U.S. dollars)

Years

2014

2015

2016

2017

2018

Exports

1.023

0.984

1.731

2.346

2.357

Previous period growth (%)

112.1

96.2

175.9

134.6

100.5

Israel's investment in Belarus was up 118% to $14.3 million, FDI net inflows — by 95.3% to $3.87 million as compared to 2017.

FDI net inflows

 

2014

2015

2016

2017

2018

in million U.S. dollars

2.6

1.48

0.81

1.98

3.87

 

This article has been prepared on the basis of information provided by the National Centre for Marketing and Price Study of the Ministry of Foreign Affairs, and the Embassy of the Republic of Belarus in the State of Israel, and taken from public sources. The information presented herein is for informative purposes only. In this regard, it may be useful for the companies, which have been working in Israel for a long time, as well as for those, which are going to enter this market. Any questions, feedbacks and comments concerning this article are welcome. All of them will be fully considered and taken into account, if possible. If you have any information that may be interesting and useful for the visitors of this page, please write to us.

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