BDI CODE 2014 - Israel's Leading Companies, Law Firms, Accounting Firms, Best Companies To Work For - page 3

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Tehila Yanai
Amnon Altman
Eyal Yanai
Tehila Yanai
Eyal Yanai
Amnon Altman
Dear Reader,
BDICODE 2014 has been published in the midst of the "Protective Edge
Campaign" and following the failure of the peace talks between Israel
and the Palestinian Authority. As a result of this, the political uncertainty
has increased significantly. In parallel, it appears the economy has entered
into a phase of economic slowdown. Most economic organizations in Israel
and abroad have downgraded growth forecasts for Israel for 2014 from
3.3% to about 2.9%. The slowdown in growth represents a “loss” of
potential Gross Domestic Product of about 1.2 billion dollars. The political
situation could adversely affect the willingness of foreign governments and
international institutions to cooperate with their counterparts and / or with
the business sector in Israel. An example of this is the huge R&D budgets
in the European Union and the requirement by the European Union that
these funds not be invested in research performed in institutes located in
Judea and Samaria. Furthermore, international companies could reduce their
business collaboration with Israeli companies. Business entities in countries
that do not have open diplomatic relations with Israel are liable to cut their
connections with their Israeli counterparts. All these factors could negatively
affect direct foreign investment (which is undertaken in enterprises) of foreign
investors in Israel and hurt the future growth prospects of the economy.
Furthermore, a geo-political deterioration could cause an increase in risk
premiums demanded by foreign lenders and insurers.
In contrast to all these, there are a number of positive trends in Israel's
economy. These are: production and exploitation of natural gas which could
save the economy on energy costs and contribute significantly to the Balance
of Payments Current Account. Another positive trend is continued direct
foreign investment by multinational companies that set up R&D centers
in Israel and continued investment in the establishment and expansion of
factories in Israel. This fact is a testimony to the attractiveness of the Israeli
market as a source for new technologies and quality R&D. A third positive
trend is the robustness of the financial system which was not affected by
the 2008 Subprime crisis, while the financial systems in many countries in
Europe and the USA sustained heavy damages.
Israel's continued growth in the long term requires a structural change in the
economy in a way that large numbers of people from the religious Haredi
and Arab sectors join the workforce. Furthermore, because the economy in
Israel is modern and technology intensive, such population groups, which
up to now, refrained from participating in the formal education system,
have to be provided with the relevant tools that will facilitate their joining
the workforce.
BdiCode 2014 edition, the 10th edition to date, ranking leading companies
in the market, presents, through the analysis of the business code for
business excellence and leadership, the leading companies in the economy,
in cross-sectional view (all sectors and branches in the economy), by sectors:
holding companies, industry, services, construction, commerce, capital
market, law and accounting firms, and by branch cross-section in each
sector. BdiCode rankings weigh quantitative and qualitative parameters,
such as profitability, turnover, growth rates, payments morality, as well as
"Best Companies to Work for". The ranking of "Best Companies to Work
For" has brought "investment in human capital" to the top of the agenda
amongst managers of leading companies. The ranking's power is reflected,
inter alia, in the fact that it makes companies "look into the mirror" to
benchmark themselves. Other special rankings are: Senior Citizens Sheltered
Housing – companies providing sheltered housing in Israel were ranked by
the services provided by them. Another special ranking is the ranking of
leading municipalities and local councils in Israel
BdiCode 2014 is distributed in tens of thousands of copies (Hebrew and
English) in Israel and abroad and presents the leading companies in Israel –
the backbone of Israel's economy, sector overviews and economic analyses
– an essential business tool for examining and becoming familiarized with
the economy.
Many companies have decided to appear in this publication with extended
profiles. These profiles provide them with the opportunity to describe their
activities, products, technologies, position in the market and international
relations.
We would like to thank all BdiCode employees who invested major efforts
in the preparation of BdiCode 2014 and allowed us to present you with
this quality edition.
Enjoy,
BdiCoface Management
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