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Front - Globes

Thu: Insurance, energy stocks lead rise "Israel can be a window to the Mediterranean" Google Finance AI beta version launches in Israel India signs $1.1b IAI tanker aircraft deal - report Indian co KPIT to acquire Israeli startup Cymotive Strengthening shekel nears NIS 2.90/$ threshold Wizz Air Israel hub talks break down Sakal makes shock bid to buy ZIM Israeli defense-tech co Kela raising $200m at $1.2b valuation Tue: Insurance stocks lead TASE higher Israel’s most expensive home up for sale TASE readying for big wave of IPOs this month AI ecommerce co ZyG raises $60m at $500m valuation Canadian real estate co Almadev plans TASE IPO Cisco to acquire Israeli co Astrix Security Rafael close to buying VW plant Mon: Nice lifts TASE to new record Israeli startup BridgeWise teams with Elon Musk�s X Leumi Partners invests NIS 200m in Landora Ministers approve two new combat aircraft squadrons Fri: Main indices rise, Tower surges Beilinson Hospital receives record donation for cancer research Thu: Main indices edge higher Keystone joining Hot Mobile acquisition Mekorot teams with nT-Tao on nuclear fusion Lufthansa Group suspends Israel flights until June Check Point disappoints on revenue, beats on profit SuperPlay earnout payments weigh on Playtika Tel Aviv Park HaMesila penthouse sells for NIS 55m Israeli credit card players eye potential of Wizz Air loyalty club Elon Musk to visit Israel next month Wed: Strong Teva gains lift TASE Aidoc raises $150m to prevent diagnostic errors Banks' efficiency drives spark worker unrest Teva acquires Emalex Biosciences for up to $900m Gasoline prices to rise again Thursday night Deputy budget commissioner warns on �trauma economy� Tue: Chip stocks fall sharply Israel drops key demand on Wizz Air hub Gedera house sells for NIS 5.53m Huge Crusoe Afula deal boosts Israel’s data centers sector Quantum Art extends Series A financing to $140m "Globes" poll of polls shows Beyachad brings opposition no gain Mon: TASE opens week lower Nvidia leases space for labs in Rishon Lezion Shekel-sterling rate heading below NIS 4/£ Shapir mulls buying control of Ashdod Refinery for NIS 1b Banks ask court to declare Nochi Dankner bankrupt Strong semiconductor sentiment boosts Ceva Yair Lapid and Naftali Bennett merge parties Supreme Court orders financial sanctions for draft evaders Israeli tech employees hold stock options worth NIS 150b Home price gap narrows between Tel Aviv and nearby cities Meta to lay off 100 employees in Israel Fri: Banks weaken, Intel results lift Camtek EU regulator extends advisory not to fly to Israel Lyft buys Gett's London taxi-hailing operation Thu: Energy stocks surge, Tower slides Mobileye up sharply after beating analysts on Q1 Cyera buys Israeli startup Ryft for over $100m Israir to launch Israel-US flights in summer Ondas Israel unit to protect World Cup venues from drones Elbit awarded $200m IDF airborne munitions deal Study: IDF Talpiot program excels in producing entrepreneurs Israel's population grew 1.4% over past year Mon: Teva, Enlight boost TASE Ondas wins $10m tender to clear mines in Israel Ramat Gan house sells for NIS 8.4m Is it time to buy dollars? El Al to launch subsidized Tel Aviv - Buenos Aires flights AWS extends Ichilov AI medical collaboration Elbit drones to undergo Canadian trials - report Activist investors seek to oust Radcom board Two-minute EV charging coming to Israel Businessman buys 5 Tel Aviv apartments in Dou project Fri: Construction sector powers rise Mega Or buys Alliance Tire site in Hadera for NIS 1b cash El Al orders six more Dreamliners Thu: Big banks, Elbit lead falls Gov't Cos Authority recommends splitting NTA Nofar Energy plans to dual list on Nasdaq New immigrants buy Tel Aviv seafront home for NIS 70m Shekel’s strength hits Israelis investing in US Israel’s enhanced F-35s performed impressively in Iran war ZIM CEO Eli Glickman quits over failed bid eToro buys Israeli startup Zengo for $70m Israel’s CPI rose 0.4% in March Strong shekel wipes out sovereign wealth fund returns Shekel-dollar rate dips below NIS 3/$ Apartment overlooking Jerusalem's Old City sells for NIS 66.3m Hamburger family sells Harel shares for NIS 1.2b AlphaDrive Ventures launches $100m cybersecurity VC fund Yossi Abu steps down as NewMed Energy CEO Surround Ventures completes first closing of second fund Fortissimo sells 35% Sugat stake for NIS 430m Institutions' hedging changes lie behind shekel's strength EDF closes financing for Israel’s biggest solar energy field Check Point slumps on lower guidance Israeli startups raised $1.3b in April Turpaz buys US co in largest ever acquisition
Petition revives threat to Israel-EU trade
Assaf Uni · 2026-04-20 · via Front - Globes

20 Apr, 2026 10:53

A petition calling for suspension of Israel's Association Agreement with the EU, its largest trading partner, has gathered over a million signatures, forcing EU institutions to consider it.

Suspension of the EU-Israel Association Agreement is again on the agenda in Brussels. The agreement, in force since June 2000, covers trade, cultural, political and scientific ties between Israel and the EU. An EU-wide petition calling for suspension of the agreement has so far succeeded in gathering 1.1 million signatures from among the EU’s 500 million population, enough to oblige the EU’s governing body, the European Commission, to consider its demands. In the past fourteen years, only sixteen similar petitions have managed to reach the required threshold of one million signatures.

The European Citizens’ Initiative was set in motion by left-wing parties in the European Parliament in January this year. It calls for suspension of the Association Agreement because of Israel’s actions in the Gaza Strip. The organizers seek to reach 1.5 million signatures in order to ensure that they have at least one million valid signatures verified by the approved mechanisms. Once the verification process is complete, the petition will make it obligatory to hold a discussion of the matter in the Parliament and the Commission. The grounds given for the petition are "an unprecedented level of killing and injury of civilians, a large-scale displacement of population and the systematic destruction of hospitals and medical facilities in Gaza." The petition alleges that Israel is in breach of international law.

What will Hungary’s stance be?

Last September, tensions between Israel and the EU worsened as the president of the European Commission Ursula von der Leyen announced partial suspension of the Association Agreement because of Israel’s continued operations in the Gaza Strip. Total suspension of the agreement was prevented by opposition from Hungary, Italy, Germany, and Austria. Germany and Italy formed a blocking group preventing measures against Israel, which require a special majority of two-thirds of the EU’s population. Following the ceasefire in the Gaza Strip, the matter was dropped.

Now, however, partly because of Israel’s attacks in Iran and Lebanon, several states whose governments are critical of Israel are demanding that the move should be revived. Spain, Slovenia, Ireland and other countries have declared their intention of raising the matter at the next meeting of EU foreign ministers on Tuesday in Luxemburg. Spanish prime minister Pedro Sánchez Pérez-Castejón, who has made his involvement in issues such as Iran and Gaza a central plank of his attempt to revive his political fortunes, said last week that Israel "breaches international law again and again," and publicly called for suspension of the Association Agreement.

An open question is what Hungary’s stance will be after its change of government next month. Under Viktor Orban, Hungary did not hesitate to veto what it saw as anti-Israel initiatives. Another question is whether Italy will change its position, following the political message its prime minister Giorgia Meloni conveyed to Israel last week in the form of an announcement that Italy will not renew the defense cooperation agreement with Israel that has existed for two decades.

Among countries considered friendly to Israel up to now, such as Germany, issues such as harm to the rights of Palestinians beyond the Green Line, violence against Palestinians by Jewish settlers, the Israeli government’s settlement construction policy, and the Death Penalty for Terrorists Law, have become important considerations. Israel’s ignoring of the EU’s concerns could lead to sanctions on settlers becoming broadened to EU level (rather than being confined to individual states) and perhaps to approval by EU institutions of a ban on products of West Bank settlements. In general, Israel’s image in Europe, its largest trading partner, is at its lowest ebb for years, as the readiness of Europeans to sign the petition demanding the cutting of ties between Israel and the EU demonstrates.

Published by Globes, Israel business news - en.globes.co.il - on April 20, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.

Israeli and EU flags on the European Parliament building in Brussels   credit: Shutterstock

Israeli and EU flags on the European Parliament building in Brussels credit: Shutterstock

Eran Hershlag

Assaf Uni