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As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now
(JTA) — As much of the financial world increasingly eyes political developments in Israel with concern, a company that specializes in assessing investments based on social responsibility criteria made a special announcement Wednesday in which it declared Israel “a low-risk country.”
That designation is both a signal to investors that they are unlikely to get entangled in human rights abuses or other scandals if they put their money in Israel, and a reassurance intended for pro-Israel advocates who have accused the company of bias against Israel.
The announcement from the multibillion-dollar Chicago-based financial research firm Morningstar is the latest entry in a debate about how companies around the world should regard the Israeli-Palestinian conflict. One side says that Israel should be treated as regular Western democracy and the other says that Israel’s treatment of the Palestinians should put the country in the class of authoritarian regimes.
But another debate about Israel’s investment worthiness has emerged in recent months following the election of a new Israeli government led by Benjamin Netanyahu, whose slim parliamentary majority relies on the support of parties with far-right platforms.
Netanyahu, who is on trial for corruption, has vowed to overhaul Israel’s judicial system and rein in the independence of the courts. Many financial analysts consider a weakened judiciary a red flag for investors.
Sarah Wirth, a spokesperson for Morningstar, said that its analysis designating Israel a low-risk country does not yet account for recent developments in Israel.
“Some of the changes developing in Israel may impact their Country Risk Rating once we incorporate them into our analysis,” Wirth wrote in an email to the Jewish Telegraphic Agency in reference to the judicial reform plan.
The latest warning about Israel’s place in the global economy emerged Friday with the leak of an internal report written by JPMorgan, one of the largest banks in the world.
The report compared Israel to Poland, which passed a similar judicial reform in 2016 and saw a downgrade to its credit rating, which was a major blow because national credit ratings can either attract or drive away investments from abroad.
JPMorgan analysts wrote that Israel’s credit rating still “stands comfortably in the investment grade bucket” but that Netanyahu’s plan could cause it to go down.
The report adds to a warning by another Wall Street giant, Goldman Sachs, which said last week that the Israeli shekel could be affected by “growing concern over domestic political developments.”
“The five most recent elections over the past three-year period have had typically limited read-through to financial markets,” Goldman Sachs economist Tadas Gedminas wrote in a report. “This is not to say that the current situation could not have a more meaningful impact this time around, and we will closely monitor ongoing developments.”
Netanyahu has rejected criticism of his judicial plan by saying that the proposed reforms are being misrepresented by his critics and that they would merely bring Israel’s courts in line with courts in other Western countries. The plan would limit the ability of the Supreme Court to rule laws and government actions as unconstitutional, give the government control over the appointments of new judges and end the independence of the position of legal advisor across various government offices, among other measures.
Netanyahu has also said that regardless of the warnings by analysts, international investors are excited about Israel and eager to acquire equity in Israeli companies. His latest pronouncement came from France where he said he met with 60 local business leaders.
“What they’re saying about investors running away is nonsense,” Netanyahu said. “We want to increase our investments in Israel.”
Some of Israel’s own business leaders are concerned enough about the country’s direction that they are choosing to decamp. The CEO of tech company Verbit, which was valued at $2 billion in 2021, announced Tuesday that he would leave the country to avoid paying millions in taxes as a protest of the judicial overhaul plan.
“Over the past few years, I’ve paid tens of millions of dollars in taxes and my company has paid hundreds of millions in taxes,” Verbit CEO Tom Livne said on Israel’s Channel 12. He encouraged others in Israel’s vaunted tech sector to do the same.
Livne’s announcement comes about a week after two Israeli tech firms, including one that was valued at $3.7 billion in 2021, said they would withdraw assets from Israel for the same reason.
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The post As foreign investors warn over Israel’s future, ratings firm accused of anti-Israel bias says it’s not worried — for now appeared first on Jewish Telegraphic Agency.
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A famed rabbi’s yeshiva reopens for students for the first time since World War II
(JTA) — Dovid Hofstedter was visiting Belarus five years ago when he discovered that a historic Jewish school had turned into something else.
Hofstedter, a Canadian rabbi, was joining a group of rabbis from around the world at the Radin Yeshiva, nestled in the small town of Radun in western Belarus. The school was founded in 1869 by the famed Lithuanian rabbi Israel Meir Kagan, known as the Chofetz Chaim, and housed 300 students before World War II.
As Hofstedter delivered a lecture in the building, he was surprised to see it fill up with locals, who then gradually wandered out. He realized they didn’t know the building had once housed a yeshiva in a town where no Jews live today.
Instead, people had walked in expecting a play — and left when they didn’t get one.
The Radin Yeshiva had been converted into a theater, with a stage and red seats, Hofstedter told the Jewish Telegraphic Agency. Like many Jewish sites across Eastern Europe, where the Nazis’ annihilation was followed by decades of Soviet rule that stifled Jewish memory and communal life, the school’s history had been buried.
“In other places that I’ve been to in Eastern Europe, some yeshivas were used as a post office,” said Hofstedter. “Some were used as government buildings.”
This month, Hofstedter and another group of 100 international rabbis filled the building again, this time to inaugurate the reopened Radin Yeshiva, now fully restored to serve Torah students as a functioning school.
Yad Yisroel, a nonprofit dedicated to strengthening Jewish life in Belarus, bought the yeshiva building from the municipality of Radun (or Radin, according to its Yiddish pronunciation) in 2025. That spurred a year of planning and construction, headed internationally by Hofstedter, who founded the Torah study organization Dirshu, and locally by Moshe Fhima, who directs Yad Yisroel’s projects and leads a yeshiva in the southern city of Pinsk.
The restoration team replaced the building’s roof and windows, which had deteriorated over years of neglect. Inside, they installed a new Torah ark and recreated the wooden lecterns and chairs that filled the yeshiva before World War II. A library of books is being transported from Israel to stock the school’s shelves.
The Radin Yeshiva closed after the outbreak of World War II, when the Soviet Union occupied the region and Soviet authorities seized the building. Nazi Germany captured Radun in 1941. Some yeshiva students escaped to Japan, where they received aid from the American Jewish Joint Distribution Committee. Rabbi Mendel Zaks, the Radin Yeshiva’s then-leader and the Chofetz Chaim’s son-in-law, fled in 1941 to the United States and reestablished the yeshiva in New York City. In the 1950s, the new school moved upstate to Suffern, New York, where it remains active.
Meanwhile, more than 2,000 Jews from Radun and neighboring villages were interned in a ghetto; most were killed by the Germans and local police.
Hofstedter believes that the Radin Yeshiva will draw interest from Jewish communities across Belarus. Though the country’s 30,000 to 50,000 Jews today are largely secular, Hofstedter said a subset of the community has shown interest in reconnecting with facets of their Jewish identity that were quashed under the Soviets, and the yeshiva can serve as a focal point for that rediscovery. Many of its students will also come from abroad, as Orthodox Jews make regular pilgrimages to study the Chofetz Chaim’s teachings and visit his gravesite.
The Chofetz Chaim, who lived from 1838 to 1933 and whose sobriquet is the title of his first and most famous book, was widely hailed as the leading Jewish scholar of his generation. His establishment of the Radin Yeshiva brought the town fame in the Jewish world of Eastern Europe, where current-day Belarus and Lithuania were home to many “Litvak” Jews who followed a rigorous, anti-Hasidic religious tradition. He remains influential among Orthodox Jews globally for his works codifying Jewish law and ethics, especially his guidance on refraining from “lashon hara,” or “evil speech” about others, said Hofstedter.
There are recent signs of renewed attention to Belarusian and Lithuanian sites of Jewish heritage, according to Alena Kuliounich, the deputy chair of the Union of Belarusian Jewish Public Associations and Communities. The Volozhin Yeshiva, another jewel of Lithuanian Jewish history founded in 1803, reopened as a museum in 2024. Today, no more than a handful of Jews are estimated to live in Volozhin, now in western Belarus.
“Volozhin demonstrates that a historic Jewish site can attract considerable interest even in the absence of a substantial local Jewish community,” Kuliounich told JTA.
Hofstedter, whose parents survived the Holocaust in Auschwitz and Mauthausen before rebuilding their lives in Toronto, had a different vision for the Radin Yeshiva. He explicitly did not want it to become a museum.
“We didn’t want to just have some sort of tribute to the past,” said Hofstedter. “We wanted to be in continuity with the future, the teachings of the Chofetz Chaim for future generations.”
At the Radin Yeshiva’s rededication ceremony, he was moved to watch rabbis from the United States, Israel, Britain, France and elsewhere join to celebrate the Chofetz Chaim. The Lithuanian sage’s teachings are followed by Jews across Orthodox movements. It was rare to see rabbis with a range of backgrounds and beliefs “come together with such a feeling of solidarity,” said Hofstedter.
“There was an enormous amount of emotion at that gathering,” he said. “After almost 100 years, to be able to come back to the Chofetz Chaim’s yeshiva, to rejuvenate it and have the yeshiva functioning — it was just incredible.”
This article originally appeared on JTA.org.
The post A famed rabbi’s yeshiva reopens for students for the first time since World War II appeared first on The Forward.
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Police shoot dead assailant outside Israeli Embassy in Serbia
(JTA) — An assailant with knives attacked a police officer guarding the Israeli Embassy in Serbia overnight before the officer shot him dead, according to Serbian authorities.
Interior Minister Ivica Dačić called the incident a “terrorist attack.” The attacker had two knives and shouted “Allahu Akbar” at the officer 15 minutes after midnight Wednesday morning at the embassy in Belgrade. One knife hit the officer’s face.
The officer, a member of the Gendarmerie unit who was identified only by the initials D.S., killed the assailant on the spot, according to the Higher Public Prosecutor’s Office in Belgrade. The attacker, who was dressed in black and whom Dačić described as a minor, has not been identified and was believed to be from the western city of Šabac.
Dačić said he raised Serbia’s terrorism threat level to “red,” the highest degree, triggering heightened security monitoring and increased police presence around infrastructure facilities and places where large crowds gather.
Dačić added that Serbian security services had been monitoring the attacker, who was “known to be a supporter of the Islamic State” and had posted an image of the terror group’s flag on his Instagram account.
Avivit Bar-Ilan, the ambassador of Israel to Serbia, said she was “deeply disturbed and shocked by the terrorist attack.” She thanked the member of the Gendarmerie for “his courage and decisive response.”
The attack was the second on Belgrade’s Israeli Embassy in two years. In June 2024, a man seriously wounded a police officer outside the embassy by shooting him in the neck with a crossbow.
Wednesday’s incident came the day after Israel held parliamentary elections, with preliminary results suggesting that neither Prime Minister Benjamin Netanyahu’s coalition nor the opposition bloc had secured a governing majority.
Serbia had its own pivotal election on Sunday, with the country’s student-led protest movement defeating the bloc led by longtime nationalist leader Aleksandar Vučić. Under Vučić, Serbia deepened ties with Israel, including through a new joint combat drone manufacturing plant.
The victorious Student List movement said in its platform, “We will not be complicit in the systematic attempt to destroy the Palestinian people that Israel is carrying out in the Gaza Strip, and we will intensify the delivery of humanitarian aid to Palestine in order to save lives and reduce the number of casualties.”
This article originally appeared on JTA.org.
The post Police shoot dead assailant outside Israeli Embassy in Serbia appeared first on The Forward.
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Netherlands reverses course, will sit out Eurovision again over Israel’s participation
(JTA) — The Netherlands is withdrawing from the Eurovision Song Contest, reversing an announcement that it would join the event and citing “sensitivity” over Israel’s participation.
The Dutch organization that oversees public broadcasting, the Nederlandse Publieke Omroep, or NPO, said on Tuesday that it failed to find sufficient support from broadcasters to ensure a Dutch artist could go to Eurovision.
“We have known for some time that Israel’s participation elicits various reactions in society and causes discussion and division,” said Jurre Bosman, NPO’s media director. “This is also the case among broadcasters and staff, and we understand that sensitivity.”
NPO said last month that the Netherlands would reenter Eurovision in 2027, when the world’s largest music competition will take place in Burgas, Bulgaria. The Netherlands boycotted the contest in May 2026, alongside Spain, Ireland, Iceland and Slovenia, because of Israel’s inclusion.
NPO’s pledge to rejoin Eurovision overrode a decision by the Dutch network Avrotros, which usually oversees the Dutch entry. Avrotros withdrew from Eurovision in August, saying the event “can no longer be considered neutral” with Israel taking part amid “the severe humanitarian suffering in Gaza and the ongoing restrictions on press freedom.”
Initially, NPO believed there was “sufficient support” among public broadcasters to allow the Netherlands to return, said Jet de Ranitz, the chair of NPO’s executive board. But the decision sparked backlash. Earlier this month, about 400 public broadcasting employees signed a letter titled “#NotMyEurovision” to NPO’s management and board, urging the organization to reconsider returning to the contest.
“We only want to send an artist or artists and staff to the festival if they can count on the full support of one or more broadcasters,” Bosman said.
The contest will still be broadcast in the Netherlands by the network NOS, as it was this year.
Eurovision director Martin Green said he was “deeply sorry” that the Netherlands would not participate, adding that the organizers understood the decision and “respect the strength of feeling behind it in the Netherlands.”
Ireland will also remain absent from Eurovision next year. The country’s broadcaster RTÉ said in September that “Ireland’s participation cannot be justified given the appalling and ongoing loss of lives in Gaza and the humanitarian crisis there.” In Spain, the head of broadcaster RTVE also said he favored a continued boycott.
Czechia pulled out of the event this month, but its public broadcaster cited budget cuts as the reason.
The controversy over Israel’s inclusion in Eurovision has prompted mass protests. The 2026 contest drew 131 million viewers, down 35 million from the previous year.
This article originally appeared on JTA.org.
The post Netherlands reverses course, will sit out Eurovision again over Israel’s participation appeared first on The Forward.
