Israel’s Economic Miracle Up Close

by Milda Kniežaitė
lzinios.lt

Even employees from such famous companies as Apple and Google who work in Israel try to start their own businesses. There’s no pay-off, they believe, in working for others. Success is having one’s own business. Personal ingenuity, daring and business acumen are the strengths of the small country leading to what is called the Israeli economic miracle. Our country could learn a lot from it. These and other insights were shared by Tomas Navardauskas, who has been working for two years now at the Israel-Lithuania Technology Hub which is attempting to stimulate Israeli-Lithuanian business partnerships and trade. “I was always impressed by the ecosystem of Israeli start-ups which encourages totally new business ideas, the rapid adoption of high technologies and achievements in the biological sciences. There are more than 250 research and expansion centers operating in the country. Every larger international corporation working in the high technology field tries to start their own research center in Israel because the new and innovative technological solutions existing and being created ever more rapidly there, and the human resources based on professional knowledge and expertise,” he told the Lithuanian newspaper Lietuvos žinios.

Full story in Lithuanian here.