"The economic situation in Israel will not change substantially due to the reform" | Israel today

"It doesn't matter where you are on the political spectrum, the legal reform should worry you":

this is what Uri Toval, CEO of Toval Investment Bank, told Israel Hayom today (Thursday).

However, Tovel stressed that "I don't think it should have that much of an impact on investment considerations in Israel. I am sure that the reform will not pass in its current form but will be softened and in the end the mountain will give birth to a mouse. In any case, as an investment manager who manages more than NIS 300 million - especially in the Israeli market - I think that the economic situation in Israel will not change significantly due to the reform."

At the same time, Tovel noted that "over the past 15 years, the Israeli economy has grown and been strong compared to Western economies, despite the governmental instability, the security situation and what not, and it cannot be attributed to one politician or another. The financial market knew how to cope and make changes despite the political situation and the Israeli stock market will continue To demonstrate resilience and nice profits for those who have patience, for sure and for sure in the coming year. I do not intend to fundamentally change the way I invest for my clients, and still about 80% of my investments will continue to be in Israel and in Israeli companies."

were we wrong

We will fix it!

If you found an error in the article, we would appreciate it if you shared it with us