Threats of Disinvestment Due Judicial Reform Are No Cause for Worry Says Ono Prof.
In an interview on Israel TV’s Kan 11 7pm Newscast “Current Events at 7,” Ono Academic Professor Yaron Zelekha was asked by veteran journalist how he was doing, and he answered, “I’m excellent and the health of the economy is also totally fine.” Prof. Zelekha is President of Ono Academic College’s Higher Academic Council and Director of Accountancy Studies. From 2003 – 2007, Prof. Zelekha completed a full term as the Accountant General of the State of Israel.
Zelekha discussed the effects of the government’s recent efforts to enact judicial reform. Recenly, many news articles have reported that foreign companies operating in Israel are pulling out their holdings because of a fear that in the new political climate, in which the rule of law may be undermined, they will no longer feel secure investing here. Zelekha said that contrary to these reports, nothing seriously bad will happen to Israel’s economy. While some companies are withdrawing their investments, other companies see opportunities in Israel and are happy to invest here. Zelekha said that the Shekel, Israel’s currency, is stable, and the public does not have cause for worry. He added that there is no reason why Israel’s credit rating would be downgraded by analytical firms like Moody’s.
To listen to the whole interview, click here:
https://www.ifatmediasite.com/ms/radiomp4/2023/03/08/12028853.mp4
