Over the past year, the Israeli authorities have taken several measures aimed at limiting the prices of basic necessities. Some products that still escaped the automatic recognition of European standards will now benefit from it and can be imported more easily (washing powders and detergents, nappies, etc.).
This measure comes at a time when Carrefour and Spar are beginning their establishment in the form of franchises in Israel, which should enable their European purchasing centers to supply the Israeli market more easily. The price of bread will also be released in April 2023, but only in application of a pattern of gradual increases revised downwards.
Tax incentives are also provided for property developers who rent their apartments for long periods to reduce the number of one-year leases that are common in Israel.
In addition, the Supreme Court opens the way to class actions before the courts in order to allow citizens who feel aggrieved by “exorbitant prices” to take legal action against monopolies and companies that abuse their dominant positions.
At the same time, the president of the main trade union in the country called for the boycott of certain importing companies on the grounds that the price increases they have applied recently would be out of proportion to the realities of the market.
Source : Embassy of France in Lebanon