Israel's Prime Minister Benjamin Netanyahu has said that the recent nationwide protests will not damage investor confidence long-term.
80% of the startups in Israel said they've had their investor meetings canceled in a recent survey .
- Asked by the media, Netanyahu dismissed recent reports that the widely publicized crisis could affect investor sentiment and called the situation a momentary crisis.
- Israeli citizens are protesting recent judicial reforms proposed by Netanyahu. Opposition members claim that if the reforms were to be implemented, they would make Israel autocratic and give Netanyahu too much power over the judicial branch.
- The Prime minister, who is facing a corruption charge, has dismissed claims that he is trying to implement changes that would enable him to avoid being sentenced by the court.
- Israel's high-tech sector represents about 16% of its GDP .
- The country is known for its vibrant startup scene and has the highest number of startups per capita in the world.