Israel Drops to 26th in Global Business-Friendliness Ranking
Translated & summarized from Behadrei Haredim by baba
Israel has fallen to 26th place in a new global ranking of countries for starting a business, down from 25th last year, according to a report by Opinium. The decline is attributed to rising operating costs and economic uncertainty. The United Kingdom also saw its ranking drop to 24th. Over half of surveyed entrepreneurs feel business conditions have worsened globally, citing increased costs and economic ambiguity.
The story in 5 lines · by baba
- Israel dropped one spot to 26th in a global ranking for starting a business.
- High operating costs and economic uncertainty are cited as reasons for Israel's decline.
- The United Kingdom also fell in the rankings, now standing at 24th place.
- More than 50% of entrepreneurs surveyed reported worsening business conditions globally.
- Increased operating costs and economic ambiguity are key factors contributing to the challenges.
A new global index by research firm Opinium shows Israel has slipped one place to 26th in its ranking of countries for starting a business. Last year, Israel was ranked 25th. The decline is attributed to increasing challenges faced by local entrepreneurs, including high operating costs, economic uncertainty, and deteriorating competitive conditions for launching and managing new companies.
In contrast, the report highlights the continued decline of the United Kingdom, which has fallen to 24th place, a significant drop from its 19th position a decade ago. The study indicates that many entrepreneurs now prefer to establish businesses in countries like Spain, Iceland, and Malta, which offer a more favorable and competitive environment.
Overall, over 50% of entrepreneurs surveyed reported worsening general conditions for running a business in recent years, with approximately 57% believing it is harder to start a new business now compared to the past. Key factors cited include a sharp rise in operating costs, increased expenses for recruitment and employment, and global economic ambiguity.
Additionally, data from Wealth Club points to growing investor anxiety over aggressive tax measures, particularly a planned increase in capital gains tax. Concerns about new tax regulations are reportedly driving away investors and hindering economic growth. Experts warn that countries failing to improve conditions for entrepreneurs and business creation risk falling behind as others accelerate efforts to attract global innovation, capital, and talent.
The same event, reported separately by each outlet. Open a few to compare what different newsrooms emphasize — and what they leave out.
Haredi 1Other 1
Not the same event — other stories that share this one’s people, places, or theme: background, reactions, and follow-ups.
