ISRAEL OVERVIEW Gross Domestic Product 217 billion GDP
ISRAEL: OVERVIEW • • • Gross Domestic Product - $217 billion GDP growth – 4. 8% (2011), GDP per capita - $31, 100 (2011) • GDP by sector: Agriculture - (1. 7%), industry (12. 4%), services (60. 5%) (2011) • • Unemployment: 5. 6% (July 2011) Main industries: High-tech projects, including aviation, communications, computer-aided design and manufacturing, medical electronics, fiber optics, and others
ISRAEL: OVERVIEW Demographics of Israel according to figures released by the Central Bureau of Statistics (CBS). 1. 2012
ISRAEL: THE REAL THING A country four times smaller than Hungary and four times the size of Budapest can only claim the following achievements:
GDP Growth Israel as compared to Advanced Economies* (Annual rate of change (%), in constant prices) • Source: Ministry of Finance, Israel , The International Monetary Fund (IMF)
Factors Supporting Growth • Export (trade) oriented • Rapid development of technology and high-tech industries • Entrepreneurial culture • Supportive environment for business • Influenced mainly by the global economy, rather than the Middle East
Historical Background Israel’s Economy 1950 -1980 Agriculture and Basic Industries 1. The beginning: Fresh agro products 2. Agro technology market leader in: - Irrigation and Water Management - Post harvest - Seeds - Chemicals
Historical Background Israel’s Economy 1980 -2010 It’s all about Technology… • Global R&D and innovation center • Source of leading technologies used worldwide (ICQ, Firewall, Disk-on-Key, Pill-Cam, etc. ) • Home to global market leaders, such as Amdocs, Checkpoint, M-systems, Comverse and others
Israel: A High-Tech Oriented Industry (Manufacturing Exports by Technological Intensity) (2005 – 46%) (1995 – 37%) Source: Central Bureau of Statistics (excluding diamonds) 2011
Israel: Center of High Tech and R&D - Microsoft built in Israel their first R&D facility outside of the US. -Cisco built in Israel their first R&D facility outside of the US. - Motorola’s facility in Israel is the company’s largest development center worldwide. - IBM chose Israel for its first VC investment outside of the US - Intel has four R&D facilities and two manufacturing centers in Israel, employing 7, 000 Israeli workers. - Google opened two R&D centers in Israel AND MORE…
Expenditure on R&D Israel is 1 st in the OECD in expenditure on R&D (research & development) as % of GDP, demonstrating innovation, development and creativity.
Israel – Hungary: Bilateral Relations • The first trade agreement made by the State of Israel was with Hungary, on January 12 th, 1949. • Hungary was the first country in the CEE to re-establish diplomatic relations with Israel immediately following the fall of the Socialist regime in 1989 • In 2006 the Israeli and Hungarian Governments signed an Agreement on Economic Cooperation. • The volume of Israeli trade with Hungary today is about -376 million USD • Hungary is Israel’s 37 th trading partner • Hungary is the region’s biggest importer of capital from Israel • Israeli exports have increased dynamically in the last 15 years. There was an 850% growth in trade volume during this period.
BILATERAL AGREEMENTS Signature Date Description Subject 11/10/1988 AGREEMENT IN THE FIELD OF TOURISM JOINT COMMISSION, TOURISM 01/03/1989 AIR TRANSPORT AGREEMENT AIR SERVICES/TRANSPORT 01/03/1989 MEMORANDUM OF UNDERSTANDING BETWEEN THE MINISTRY OF TRANSPORT, COMMUNICATION AND CONSTRUCTION OF HUNGARY AND THE MINISTRY OF COMMUNICATION OF ISRAEL CONCERNING COOPERATION IN THE FIELD OF COMMUNICATIONS AND POSTS POST, TELECOMMUNICATIONS, WORKING GROUP 01/09/1989 AGREEMENT BETWEEN THE GOVERNMENT OF THE STATE OF ISRAEL AND THE HUNGARIAN PEOPLE'S REPUBLIC ON COOPERATION IN THE FIELD OF ANIMAL DISEASE AGREEMENT ON COOPERATION IN THE FIELD OF HEALTH BETWEEN THE STATE OF ISRAEL AND THE REPUBLIC OF HUNGARY ANIMALS, DISEASES AGREEMENT ON COOPERATION IN THE FIELDS OF CULTURE, EDUCATION AND SCIENCES CULTURE, EDUCATION, MIXED COMMISSION, SCIENCE 23/11/1989 07/01/1990 HEALTH
BILATERAL AGREEMENTS Signature Date Description Subject 08/05/1991 EXCHANGE OF LETTERS CONSTITUTING AN AGREEMENT CONCERNING THE ABOLITION OF VISAS FOR DIPLOMATIC AND SERVICE PASSPORTS VISA 14/05/1991 AGREEMENT FOR THE PROMOTION AND RECIPROCAL PROTECTION OF INVESTMENTS AGREEMENT ON SCIENTIFIC AND TECHNOLOGICAL COOPERATION INVESTMENT, MFN 14/05/1991 JOINT COMMISSION, SCIENCE, TECHNICAL COOPERATION 14/05/1991 CONVENTION FOR THE AVOIDANCE OF DOUBLE TAXATION AND FOR THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME FISCAL EVASION, TAXES 15/03/1994 EXCHANGE OF LETTERS CONSTITUTING AN AGREEMENT CONCERNING THE ABAOLITION OF VISAS FOR HOLDERS OF VALID NATIONAL PASSPORTS VISA 06/01/1997 AGREEMENT ON TECHNICAL COOPERATION 09/04/1997 09/10/1997 05/02/2006 AGREEMENT ON COOPERATION IN COMBATING ILLICIT TRAFFICKING AND ABUSE OF DRUGS, ILLICIT TRAVEL, JOINT NARCOTIC DRUGS AND PSYCHOTROPIC SUBSTANCES AND TERRORISM AND OTHER COMMISSION, TERRORISM SERIOUS CRIMES EXECUTIVE AGREEMENT BETWEEN THE CENTER FOR INTERNATIONAL TECHNICAL COOPERATION, MASHAV COOPERATION (MASHAV) OF THE MINISTRY OF FOREIGN AFFAIRS OF THE STATE OF ISRAEL AND THE MINISTRY OF AGRICULTURE OF THE REPUBLIC OF HUNGARY ON TECHNICAL COOPERATION AGREEMENT ON ECONOMIC COOPERATION BETWEEN THE GOVERNMENT OF THE ECONOMIC CO-OPERATION AND STATE OF ISRAEL AND THE GOVERNMENT OF THE REPUBLIC OF HUNGARY DEVELOPMENT
Israeli Inventions in Hungary AND MANY MORE….
Did you know Israel is… 1 st in the world for flexibility and adaptability 1 st in the world for scientific research 1 st in the world for entrepreneurship 1 st in the world for information technology skills 1 st in the world for expenditure on R&D (as % of GDP) 2 nd in the world for innovative capacity 2 nd in the world for venture capital 4 th in the world in utility patents per million population … This is what they think of us.
Tourism Despite the global economic crisis, Israel had a record year for Tourism in 2008 3. 4 million visitors entered the country in 2010, four million expected to visit this year. Tourists pumped US $ 4. 4 billion into the Israeli economy last year compared to US $ 3. 3 billion in 2009.
Literature Israel has the world’s second highest output of new books per citizen. • 7, 128 books published in 2003 • Titles in 38 languages • 5582 Hebrew Books published in 2009
Culture The Israeli citizen is the largest consumer of theater and other cultural performances in the world on a ticket-per-citizen basis.
Israeli Innovators Lead the World “The United States Patent and Trademark Office has approved more patents to Israeli inventors than to any other nation of the G-7 countries – the seven largest and most influential economies in the Western world, according to a study conducted by the Taub Center for Social Policy Studies. ”
Israeli Innovators Lead the World
Academics in Israel (1948 -2008): Most Degrees Awarded per capita In 2009 -11 more than 280, 000 Israelis (over 57. 1% of the population) were enrolled at higher education institutions OECD 2011: Israel among world's most highly educated countries
Academics • Hebrew University Ranked 57 th in the World, Weizmann Institute named "Best Place to Work in Academia outside the United States" The Hebrew University of Jerusalem has been ranked 57 th in the 2011 Academic Ranking of World Universities (ARWU),
Medicine Israel’s Given Imaging developed a video camera so small it fits inside a pill, which you can swallow. The camera helps doctors diagnose cancer and digestive diseases. An Israeli pharmaceutical company, TEVA, is now the world’s largest Producer of antibiotics, and one of the world’s top producers of generic drugs.
Israeli Medical Breakthroughs • Insightec - Image Guided HIFUS (High Intensity Focused Ultrasound) • GE Healthcare in Israel manufactured the world’s first miniaturized portable cardiac ultrasound system • The Philips- Brilliance CT scanner, developed in Israel takes a comprehensive picture of a patient in seconds instead of minutes – a critical difference in the emergency room, where every second counts • Medinol- pioneered the development of closed cell stent design and many additional innovations to the field of heart catheterization Given Imaging - 1 st ingestible video camera used to view the small intestine and diagnose disorders
Medical Treatment Israeli scientists developed the first fully computerized, radiation-free diagnostic scanning device for breast cancer. A new acne treatment developed in Israel, the Clear Light device, produces a high-intensity, ultraviolet-light-free, narrow band blue light that causes acne bacteria to selfdestruct without damaging surrounding skin or tissue.
Medical Treatment An Israeli company developed a computerized system for ensuring proper administration of medications, thus reducing the risk of human error in medical treatment, which kills 7, 000 patients in U. S. hospitals annually.
Israeli Biotechnology Innovations Can-Fite has developed a platform technology that targets the A 3 Adenosine Receptor for treatment of cancer and autoimmune inflammatory diseases. Gamida Cell is developing unique stem cells therapeutics, based on its proprietary stem/progenitor cells expansion technologies. Rosetta Genomics is a leader in the development of micro. RNAbased diagnostics and therapeutics. Two Israeli companies lead the quest to develop a stem cell therapy for Parkinson’s disease. Brain. Storm Cell Therapeutics uses autologous bone marrow derived adult stem cells, while Cell Cure employs human embryonic stem cell technology. Both companies have had successes in reducing symptoms of Parkinson’s disease in mice or rat models and are approaching readiness for clinical trials And Biocancell, Bion. Vax, Compugen, Nasvax …
Environment More than 85% of solid waste in Israel is treated in an environmentally sound manner, and by 2010 over half the waste will be recovered or recycled. According to the Guinness Book of World Records, Israel has the highest number of solar-power water heaters per capita. An Israeli company was the first to develop and install a large-scale solar power plant in California’s Mojave desert. More than 80% of Israeli households have heaters that use the sun’s clean renewable energy
Environment Israel Ranked 2 nd in the World for Clean-Tech The Cleantech Group and the World Wildlife Fund (WWF) published The Global Cleantech Innovation Index 2012. According to the first-of-its-kind index, Israel is second only to Denmark in providing best conditions for clean technology start-ups. Israel was cited for its innovative capacity and received the highest score in “Evidence of Emerging Cleantech Innovation. ” Israel was also cited to be “a clear winner in this factor, with by far the most Global Cleantech 100 companies per GDP and the second highest concentration of cleantech VC activity. ”
Communications Israeli companies: Amdocs Comverse Nice Systems all pioneered voicemail, SMS and many other telephone and cellular phone services
High Tech Israel holds the largest concentration of High- Tech industries in the world, in relation to its population. Israel has the largest number of startup companies than any other country in the world, except the U. S. In Israel there are 3, 500 startup companies mostly in the hightech sector
Instant Messenger ICQ - The technology for AOL Instant Messenger was developed in 1996 by a team of four young Israelis. 150 million registered users around the world received numerous awards and recognitions: "Best Internet Program" by SIAF "Cream of the Crop" by Tucows "The Top Downloads" by Softseek
Electronic Chip Israeli start-up company Trans. Chip developed the first high resolution camera that fits on a single electronic chip, for use in cellular phones.
Satellite Technology Israel is one of only eight countries in the world capable of launching their own satellites into space. v OFEK 1 Satellite was successfully launched in 1988. Following were satellites Ofek 2, 3, 4, 5 and 6. v AMOS 3 Satellite was successfully launched in May 2008 and Amos 4 is scheduled to launch in the year 2012. Amos 3 and Amos 4
Astronomy and Space: Israel as a Global Leader In 2009 Israel was ranked second among the top 20 countries in space sciences research by the Thomson Reuters agency.
Cellular Technology Israeli engineers developed the world’s first cell phone at Motorola’s lab in Haifa, the largest research center in the world. v In a country with a population of 7. 2 million: There are 7 million cellular users
Humanitarian Relief In 2010 Just a day following the devastating earthquake in Haiti, 220 Israelis, comprising teams of doctors and rescue and relief workers. A rescue team was sent to the Haiti UN headquarters to assist in rescuing survivors. Patients were treated at the field hospital. In 2011 Israel was one of the first states to send a medical team to Japan, along with 18 tons of essential items.
Humanitarian Relief In response to the earthquake and a request from Turkish authorities, an Israeli aid delegation was sent to Turkey to assist in rehabilitation of survivors and evacuated disaster sites, as well as building essential field hospital structures. An Israeli humanitarian delegation was sent to the border of Kenya and Somalia to assist tens of thousands of locals displaced by the worst drought to have hit the Horn of Africa in over 60 years.
Finance Israel has the third largest number of companies trading on Wall Street after the U. S. and Canada. More than 120 companies include: Checkpoint, Audiocodes, Teva, Gilat , Breeze. COM, DSP Communications, Aladin and many more.
Engineering Israel has more engineers and scientists per capita than any other country. 145 per 10, 000, as opposed to 85 in the U. S. over 70 in Japan, and less than 60 in Germany. Over 25% of its work force employed in technical professions.
Natal Care Baby. Sense, an Israeli product aimed at preventing Sudden Infant Death Syndrome (SIDS), is saving babies’ lives around the world
Network Security Checkpoint, an Israeli company, pioneered Internet and network security technology such as the Firewall. Checkpoint’s products are being used by 90 percent of the Fortune 500 companies around the world. The first PC anti-virus in the world was developed in 1979 in Israel.
Israel ranked 14 th in the United Nations' World Happiness Report, conducted by Columbia University's Earth Institute
Network Security Israel leads the world, according to the report, Cyber-security: The Vexed Question of Global Rules, published in 2012 by the Security & Defense Agenda (SDA) Israel, Finland Sweden are more prepared than larger nations to fight a conflict in cyberspace SDA-Mc. Afee report says Israel subjected to 1, 000 cyber attacks per minute, which it successfully tackles; awards it 4. 5 stars – higher score than US.
Scientific Publications Israel produces more scientific papers per capita than any other nation: 109 per 10, 000 people. v Over 80% of all civilian basic research is conducted within the framework of Israel's universities.
Architecture Tel Aviv has the second largest concentration of Bauhaus architectural style buildings, with 3500 buildings indentified by UNESCO as “world heritage treasures”
Lifestyle Tel Aviv is considered to be one of the most attractive cities in the Mediterranean basin. Tel Aviv is known as the “white city” and the “city that never stops”.
Wine The Israeli wine industry is considered one of the most improving industries in the world, winning critical acclaim by media outlets such as “Wine Spectator”, “Newsweek” and “Business Week”
BELIEVING
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