In 2021 and 2022, growth in Israel is expected to reach 7% and 4% respectively. Unemployment will be 7% and 5% and inflation 1.4% and 1.8% respectively. In these years, the surplus in the Current Account as percentage of GDP is forecasted to be 4.5% in 2021 and 3.8% in 2022. The Government deficit will be 6% of GDP and public debt 74% of GDP in 2021. These are very positive forecasts. Even more important, were the approval of the Budget law which significantly reduced the level of uncertainty in the economy. In addition, the enactment of important economic reforms such as the extension of women’s retirement age, continued opening of the economy to foreign competition, mainly in branches that had been highly protected in the past, continued reduction in the use of cash, lower regulatory burden, the “open banking” reform to promote competition in the financial sector, traffic congestion levies, etc. However, we cannot ignore a main uncertainty factor, the outburst of new Corona virus waves, which could disrupt all forecasts and cause new closures that will profoundly hurt growth and employment.
This 2021 edition of our BdiCode, our seventeenth 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 2021 (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. In addition, BdiCode is available in its special website: http://www.bdicode.co.il.
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,