BdiCode 2019 is published during a period of uncertainty for Israel’s economy. The negotiations impasse of the large parties to form a unity government could result in new elections. This will delay dealing with the fiscal deficit, there will not be an agreed and approved Government budget therefore dealing with central issues in security, welfare, health and economic fields will be postponed. This fact could hurt the confidence of investors and of the credit rating agencies and could increase the cost of raising capital for the economy. In spite of this, the economy’s situation is reasonable. Growth in 2019 will be around 3%, unemployment 3.4%, inflation will remain low, below 2% and the surplus in the Balance of Payments Current Account will be preserved.
In 2019, a number of economic reforms were enacted, among these, the reform in consumer credit data sharing. This reform, which came into effect in April 2019, includes significant changes such as the addition of positive information on consumers’ payment behavior. The Bank of Israel awarded CofaceBdi a credit bureau license and currently CofaceBdi is the leading factor in this field. In addition, CofaceBdi signed a cooperation agreement with the U.S. company FICO, the world leader in credit scoring, to develop a credit-scoring model that has been successfully implemented in Israel since April 2019.
This 2019 edition of our BdiCode, our fifteen review of Israel’s leading companies, presents analysis of the business code for excellence and business leadership, a cross section (from all sectors and industries) of leading companies in the Israeli marketplace, and by segmentation – holding, industrial, service, construction, commerce, and capital market companies, as well as law and accounting firms, and a cross section of each of the sectors. BdiCode ranking considers quantitative and qualitative parameters such as turnover, profitability, growth, risk taking, payment ethics, and “the best place to work.” Ranking “the best companies to work for” raised the idea of investment in human resources to the top of the daily agenda for managers of leading companies. The strength of the ranking lies, inter alia, in the fact that it makes companies look inward and to examine themselves. Among the special rankings are the ranking of the leading Israeli municipalities/councils. We make every effort to include new factors each year, which are important to the marketplace.
Tens of thousands of copies of this BdiCode 2019 (in Hebrew and English) are distributed in Israel and abroad, and they introduce you to Israel’s leading companies – the backbone of the Israeli economy, sectoral surveys, and economic analysis, which are a prime business tool for examination and recognition of the marketplace.
Many companies chose to present themselves as part of an expanded profile in our book. They were given an opportunity to detail their operations, products, technologies, market status, and international connections.
We would like to thank our BdiCode employees who have faithfully invested much effort in this book’s publication and have made it possible for us to present you with this quality and professional work.
Enjoy Your Reading,