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Source: https://www.ynetnews.com/tech-and-digital/article/bk2c9rymzx
Israeli Tech Companies Employ 30,000 in Europe
(Ynet News) A study by EIT Hub Israel - the Israeli innovation hub of the European Institute of Innovation & Technology (EIT) - found that over the past three years Israeli technology companies have significantly expanded their activities across Europe. These companies now employ more than 30,000 workers throughout the continent. Germany, Spain and France serve as the main innovation hubs, while Poland, Romania and the Czech Republic functioning as cost-effective operational bases for engineering centers and shared services. Israeli companies are establishing large service centers employing hundreds of workers in Lithuania, Bulgaria and Romania. "There is a natural synergy between Israel's strengths in AI, cybersecurity, robotics, and defense and the structure of leading European economies such as Germany, France and the UK, as well as the EU's new priorities, particularly in internal and external security," said Dina Pasca-Raz, head of technology at KPMG Israel.