Management CofaceBDI

,Dear Reader

This BdiCode 2018is published during a good period for Israel’s economy. At the time of writing, the credit rating company S&P announced it had raised Israel’s credit rating from A+ to AA-, the highest rating ever achieved by Israel. In 2017, growth reached 3.4% and the rate of unemployment and inflation continued to be low. The surplus in the Balance of Payments Current Account declined but remained positive and public debt relative to GDP continued falling. In the first quarter of 2018, the economy continued in its positive path.  GDP grew at annual rate of 4.7%, unemployment reached 3.8% in June and the rate of inflation remained low. Various fundamental reforms have been launched such as the reform of the Electric sector, the separation of the credit cards companies from the banks and other reforms which would contribute to growth in the long-term. Notwithstanding, there are some important risks which threaten the current situation. Mainly, the possibility of trade war between the U.S. and China  and other countries which cause a slowdown in world  growth and hurt Israel’s exports. A steep rise in energy prices (oil) as a result of the high tension between Iran and the U.S. and between Iran and Saudi Arabia which could close important navigation waterways. The tension in Israel’s northern border as the war in Syria approaches the Golan Heights and deterioration of the conflict between Israel and Gaza that could blowout into a full war. In addition, as we approach elections in Israel a loosening of fiscal discipline could result in an enlarged Government deficit.

This 2018 edition of our BdiCode, our fourteenth review of Israel’s leading companies, presents in its  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. The 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 sheltered housing – companies that offer assisted living services in Israel and that have been ranked according to the variety of services they provide, and the ranking of the leading Israeli municipalities/councils.  We make every effort to include new factors each year, which are important to the marketplace. This year we added a variety of special rankings to the field of public accountants.

Tens of thousands of copies of this BdiCode 2018 (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,

CofaceBdi Management