Israel’s red tape is bad for business – Flug
Economy has potential to grow faster, governor says
Israel's businesses are being stifled by excessive regulation, and cutting through it could boost growth for a modest cost, Bank of Israel governor Karnit Flug said on November 22.
Israel scores poorly on a "doing business" index compiled by the World Bank and on a similar index from the Organisation for Economic Co-operation and Development (OECD) that measures bureaucratic limitations on trade, Flug said.
"Reforms to improve the quality and efficiency of regulation can help the economy
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