Israel’s red tape is bad for business – Flug

Economy has potential to grow faster, governor says

Bank of Israel governor Karnit Flug

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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