Capital Market

 Government bodies with wage deviations decreased in 10 years from 62% to 10.5%
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The annual report published by the Ministry of Finance attests to a downward trend in the extent of wage deviations: if at the time of establishment of the unit in 1997, the rate of bodies with wage deviations was 62% of all reporting bodies, this year the rate dropped to 10.5%. The sector in which the highest level of irregularities is the supported bodies, which includes non-profit organizations and institutions of higher education, also saw a significant decrease in the extent of the phenomenon: only 17% of the subsidized bodies found wage deviations compared to 33% last year.

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Nov 27, 2018

Israelis on the internet: consume less news on social networks but believe journalists posts
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Bezeq published its fifth report on the state of the Internet in Israel to summarize the year 2018. The report reviews the habits and behavior of Israelis in the digital era and is based on extensive research conducted by the company on the Internet in Israel, the trends that govern it and its various uses, as well as data from the company's operations and systems. The report shows that at the end of 2018 the number of Internet users in Israel stands at approximately 6.6 million. The average surfer now downloads 8GB of files per day, up 30% in just one year. 36% of the youth pay for music....

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Dec 29, 2018

Companies Survey: First Q of 2019 reflects moderation in the expansion of business sector activity
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The Companies Survey for the first quarter of 2019 reflects a moderation in the rate of expansion of business sector activity. The net balance of the business sector declined in the first quarter of 2019 to close to zero. In the services, trade and industry sectors, the Bank of Israel expects expansion in the next quarter. In the last quarter the rise in the net balance of output in the manufacturing industry was halted in the previous two quarters. The net balance of output in the last quarter was negligible but insignificant, especially among companies whose level of innovation is mixed,...

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May 11, 2019

2018:1,207 dissolution requests of companies were filed - a 2.3% increase
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In 2018 there was a further decline in the number of decisions dismissing the bankrupt from their debts. In this year, 7,325 orders were issued by the courts exempting ordinary debtors from their debts, a decrease of 4% compared to 2017. In 2016, 6,587 such orders were issued. However, no similar "line" of declines was recorded in the companies' arena. During the year 2018, 1,207 dissolution requests were filed - a 2.3% increase in the number of liquidation requests compared to 2017. Among the companies that collapsed last year were Honigman, one of Israel's largest and most famous fashion...

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Jul 28, 2019

Unemployment rate climbed to 4.1% in June and amounted to 3,961 million persons
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The unemployment rate climbed to 4.1% in June, compared with 3.7% in May. According to data released by the Central Bureau of Statistics (CBS) on Wednesday, however, unemployment rates continued to decline in the second quarter of April (June - June), with the unemployment rate among 15-year-olds and older being 3.9%, Compared with 4% in the first quarter (January - March). The total number of employed persons amounted to 3,961 million persons in the quarter, a decrease of approximately 2,000 persons compared with 3,963 in the previous quarter. The number of employees reached 3.469...

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Jul 31, 2019

IFF: Frutarom made "unapproved "payments" as part of its operations in Russia and Ukraine
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Frutarom, which was acquired by the US IFF last year at a huge exit, made unapproved payments" as part of its operations in Russia and Ukraine, IFF noted with the release of its Q2 2019 financial statements. According to IFF's preliminary findings, one of the top executives allegedly involved in the payments in question is Uri Yehudai, former president and CEO of Frutarom. In the merger deal completed last October, Yehudai was to serve as an outside advisor to the company, but is not yet a consultant. A Jewish response was received

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Aug 6, 2019

CBS estimate: Gross domestic product rose by only 1% in the second quarter of 2019
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Gross domestic product (GDP) rose by only 1% in the second quarter of 2019, according to the first estimate for the second quarter, published by the Central Bureau of Statistics (CBS). This is a decline in the growth rate of the economy in the quarter, after an increase of 4.7% in the first quarter of the year, and in the fourth quarter of 2018, an increase of 4.2%. This is the first estimate made by the CBS for the second quarter, based on incomplete sources and expected to be updated later - in the estimate that will be published next month and in October. GDP contraction in Israel joins...

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Aug 18, 2019

Israel has transferred more than NIS 2 billion to the Palestinian AuthorityI
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Israel has transferred more than NIS 2 billion to the Palestinian Authority, following a settlement with the resolving authority part of the crisis over the offsetting law. Recall, since February, the authority has been refusing to take from Israel taxpayers it collects, amounting to NIS 8 billion a year. These are customs duties and other taxes collected from Palestinians, mainly merchants and companies that transport goods through Israel

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Aug 22, 2019

The weekly number of Flights from Israel to China and destinations there will be reduced
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Direct flights on the Tel Aviv-Shanghai line night be canceled but at the present time the number of destination to China will be reduced. The flights were made by Chinese airline Hainan Airlines, which announced that it was "suspending its flights to Shanghai this winter." At present it is about cancellation of the flights to the winter scheduled between 27.10.19 and 29.03.20. The Shanghai line launched in September 2017 was the second line the company launched between China and Israel, following the launch of the direct flight to Beijing a year earlier. The company also operates direct...

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Sep 3, 2019

Shraga Brosh, Association president and business organization - resigns
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Association president and business organization president Shraga Brosh resigns his office several days after the State Attorney's Office announces that he will file charges against him and his brother, Yariv Brosh, subject to a hearing. 2005. Brosh convenes the members of the Manufacturers Council, and in his remarks he will refer to the Attorney General's intention to prosecute him at the hearing. In a statement, he is expected to say, among other things, that "my commitment to the industry and association has intensified over the years as the state of the industry becomes more difficult...

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Sep 22, 2019

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