2024-03-04 13:12:43
CEO of the stock exchange, With me, Ben Zeev, spoke today (Monday) at the annual IPO conference of the Association of Public Companies. During the conference, Ben Ze’ev warned of the economic situation the State of Israel is heading towards and demanded action to strengthen investments in Israel.
Despite the war: the wage earners in the economy earn more all the details
Economic collapse: the Bank of Israel must save households from catastrophe
“The State of Israel, without intending to, encourages us to take our money and spend it abroad,” Ben Ze’ev said at the beginning of his remarks, “Will it do the people here any good? unequivocally no. Why not embrace the entrepreneurs and investors who live here and support the Israeli economy? Just like a company builds a business plan five years ahead, why not do the same here?”
“A few years ago, they said that the capital market is a place for the rich. There is no citizen in Israel whose pension is not here,” he added, “If we wake up in ten years and the money is not here, we will turn from a rich country to a poor country. It’s a slippery slope.”
During his remarks, Ben Ze’ev conveyed a message to the public companies: “We are at the stock exchange, looking at the structure of the Israeli capital market and we all know that we have not as many players as we would like – but rather institutional entities that manage a lot of money, but do not generate enough liquidity and marketability. On the other hand, There are the public companies. Many of those companies do not report in English or do not invest in investor relations. They do not bring in more hands that will bring more marketability. So beyond what can be done, the public companies also need to emphasize how to generate more liquidity, because we are not satisfied with the current situation.” .
#economic #horror #scenario #Israel #poor #country #decade