In a decision made public on February 1, 2011, the European Commission has determined that the data protection regime in Israel is adequate under the 1995 EU Data Protection Directive. The adequacy determination applies to only to data in automated databases. The data protection law of Israel Data does not apply to data in manual databases. Thus, for these data, the data protection law of Israel will be deemed adequate only to the extent that data in manual databases are transferred to automated databases in Israel.

The Commission decision is available at (pdf download):
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2011:027:0039:0042:EN:PDF