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Israel Democracy

20 stories about Israel Democracy
Tom Livne

"We're about to see the destruction of our home. We can’t afford to allow this to happen"

15.03.23|Tom Livne
In an exclusive column for CTech, Tom Livne, founder of Verbit, shares his personal thoughts on the turmoil in Israel and why it’s not too late to rectify the situation
יום השיבוש הלאומי הפגה מחאה הייטקיסטים הייטק הרצליה

Flying the coup: Following the money, employees leaving Israel too

09.03.23|Sophie Shulman
The closing of international development centers and the brain drain are the biggest threats to the economy in the long term
מגזין עצמאות 4.5.22 בכירי ריסקיפייד פותחים את המסחר בניו יורק

Riskified transferring $500 million out of Israel due to judicial coup

08.03.23|Sophie Shulman
CEO Eido Gal sent an email to the employees to announce the transfer of all its cash reserves outside the country: “Our concern is that as the financial situation continues to deteriorate, and in order to maintain financial stability, the government will limit transfers and withdrawals of large amounts”
צחי וייספלד מנ"כל Microsoft for Startups מיקרוסופט

Intel VP warns: "We must stop the madness. We are a moment away from high-tech disappearing from here"

01.03.23|Meir Orbach
Tzahi Weisfeld, Intel Vice President and GM of the company’s Ignite startup program, who emphasized that he is not speaking on behalf of Intel but only on his own behalf, candidly voices his opinions about the dangers of the impending judicial coup: "In the last few weeks, something in me broke, and I'm not alone. I know I'm jeopardizing my professional future, but the future of my children is more important”
הפגנה מפגינים נגד המהפכה המשפטית 25.2.23

Exit strategy? 90% of entrepreneurs: If we start a company today, it will be outside of Israel

27.02.23|Sophie Shulman
A survey conducted among more than 100 high-tech companies and 30 investment funds alarmingly showed that entrepreneurs are looking into the possibility of leaving Israel
הפגנה מפגינים נגד המהפכה המשפטית 25.2.23

Don’t give up on us, not yet

26.02.23|Yoel Esteron
"’Israel's stock’ has suffered and will continue to suffer painful blows in the coming months, but you should not short it. Israel will survive this autoimmune attack on its democracy,” writes Yoel Esteron
שירה גרינברג כלכלנית ראשית ב משרד אוצר

Chief Economist warns judicial overhaul could harm Israel's growth

24.02.23|Reuters
In the document and budget plan that were sent to parliament on Thursday, Shira Greenberg noted that the judicial changes had not yet been completed but may still hurt investment as well as Israel's credit rating
שקל דולר יורו מטבע מטבעות מט"ח

The shekel continues to lose ground as fears of judicial coup in Israel continue to grow

22.02.23|CTech
The dollar continues to climb against the shekel, reaching its highest mark since 2019, while the euro has also risen. The rapid devaluation of the shekel is set to lead to inflationary pressure and the Bank of Israel will be forced to respond by raising interest rates even further
ברק עילם מנכל נייס

The Israeli government hereby declares war on… Israeli high-tech

21.02.23|Barak Eilam
Barak Eilam, the CEO of NICE, calls on the government to go through some deep soul searching and quickly reverse their decisions, for the prosperity of a strong Israel

“Maintain no more than 6 months of shekel exposure,” VC firm Bessemer tells Israeli portfolio

20.02.23|Meir Orbach
“Our primary business concern is the continued weakening of the shekel and the smaller risk of foreign currency controls as the outflow of funds from Israeli banks continues to gather steam,” read the letter sent by Bessemer to its Israeli portfolio companies
הפגנה מחאה עובדי הייטק בתל אביב נגד המהפכה המשפטית מחאת ההייטק

Over $1.5 billion transferred abroad from Israeli banks due to concerns of judicial coup

19.02.23|Sophie Shulman
In the money management industry, it is estimated that private clients have transferred billions of shekels from Israel in recent weeks. Together with the companies' transfers, the sum sits at approximately $3 billion
בניין אינטל ב חיפה

Intel postpones investment meeting in Jerusalem amidst heightened tensions surrounding judicial coup

13.02.23|Golan Hazani
Calcalist has learned from sources involved in the discussions that Intel decided to postpone the meeting due to its concern that announcing an investment at this time would be seen as political support for the government of Benjamin Netanyahu and its planned judicial coup
הפגנה מחאה עובדי הייטק בתל אביב נגד המהפכה המשפטית מחאת ההייטק

"There is no future for high-tech in Israel the day after the judicial legislation is passed"

09.02.23|Meir Orbach, Yuval Azoulay, Shahar Ilan
"This is a war for our future," added Erez Shachar of Qumra Capital. Dozens of high-tech companies are expected to strike on Monday and hold protests during the votes in the law committee on the judicial coup
אסף רפפורט

Cybersecurity unicorn Wiz to withdraw funds from Israel

06.02.23|Meir Orbach
Wiz co-founders, including CEO Assaf Rappaport and VP Product Yinon Costica, are among the leaders of the protests organized by the high-tech sector against the judicial coup being pushed by the Netanyahu government
Tobias Judin Norwegian Data Protection Authority

EU would view Israel “in the same category as China” if judicial reforms go through

02.02.23|James Spiro
The impending judicial reforms and change in legal frameworks might cause the EU Commission to reconsider whether Israel has ‘adequate’ laws in place to protect the personal data of citizens
מפגינים ב תל אביב הפגנה מחאה 21 בינואר

"We are sorry the high-tech industry has only just woken up, but we have arrived, and we will do whatever it takes"

29.01.23|Sophie Shulman
The high-tech industry has an image of being disconnected, but the impending judicial reforms have resulted in the sector mobilizing like never before
הפגנה עובדי הייטק ינואר 2023

Index Ventures: "We denounce the proposed reforms in Israel that foster discrimination and threaten democracy"

26.01.23|Meir Orbach and CTech
The post by Partner Shardul Shah came after Insight Partners, considered to be the largest investor in Israeli high-tech over recent years, released a public statement as protests against the new government’s judicial reforms gather steam
טל ברנח טל ברנוח DISRUPTIVE AI הייטק קרן הון סיכון

VC firm Disruptive, with $250 million under management, to transfer all money out of Israel

26.01.23|Sophie Shulman
“Assuming the reform, which is a judicial coup, will happen, this will create economic instability in Israel,” said Disruptive co-founder Tal Barnoach
עינת גז מנכ"לית פאפאיה גלובל פאפיה גלובל בהפגנה ברחוב קפלן נגד ההפיכה המשפטית ב21 בינואר

Papaya Global CEO: “We will withdraw all of the company's funds from Israel due to the emerging judicial reform”

26.01.23|Sophie Shulman
Eynat Guez tweeted the decision, explaining that “following Prime Minister Netanyahu's statements that he is determined to pass reforms that will harm democracy and the economy…there is no certainty that we can conduct international economic activity from Israel”
Viola Group

Leading Israeli VC Viola voices concern regarding "threats to the judicial system"

24.01.23|CTech
"We find it important to vocally communicate our belief that the State of Israel cannot exist without 3 fundamental principles: equality without discrimination, an independent legal system, and freedom of speech - generally, and particularly in academia and in the media," the VC wrote in a statement
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