War With Hamas Is Taking a Toll on Israel’s Entrepreneur Economy
- Army call-ups, slow demand, high rates hit smaller business
- Small, medium-sized firms account for 62% of value added
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Two months since Hamas attacked, Israel’s abrupt shift to a war economy has left entrepreneurs such as Shlomi Tuskia struggling to stay afloat.
“There’s effectively no business,” said the 56-year-old corporate events provider, whose company, Elateva, in the central city of Rishon LeTsiyon, is on life support awaiting a turn in the commercial tide.