Finally, some good news for the Israeli economy and Israeli high-tech in particular: in a report released last week, the European Union has reaffirmed its recognition of Israel’s privacy laws and the compatibility of Israeli law with EU law, according to a statement from the Ministry of Justice. This means that data can be shared freely between EU and Israeli entities, and Israeli companies can collect, store, and process the personal data of EU citizens just like European companies, and bypass cumbersome and costly bureaucratic procedures. However, Dr. Tehilla Shwartz Altshuler from the Israel Democracy Institute warns that “without significant amendments to existing privacy legislati
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