A new study finds Israeli tech companies have expanded sharply across Europe, employing more than 30,000 workers, with growth concentrated in EU states and strong momentum in R&D, AI, cybersecurity and life sciences.
A comprehensive study conducted by EIT Hub Israel, the Israeli innovation hub of the European Institute of Innovation & Technology, in cooperation with the VC fund Planven and consulting firm KPMG, reveals that Israeli technology companies have significantly expanded their footprint across Europe over the past three years.
According to the study, Israeli tech firms now employ more than 30,000 workers across the continent, recording an average annual employment growth rate of 4.8% during the period examined. Most of this activity is concentrated in European Union member states, with a clear emphasis on high-value operations such as research and development, artificial intelligence, cybersecurity, fintech, and life sciences.
While established hubs like Berlin continue to attract Israeli companies, the study highlights rapid growth in Central and Eastern Europe, particularly in cities such as Bucharest, Warsaw, and Prague. These locations offer a combination of skilled technical talent, competitive costs, and proximity to major European markets, making them increasingly attractive for long-term Israeli investment.