Capital Market

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

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

The World Bank's annual Doing Business report shows that Israel has jumped 14 places
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The World Bank's annual Doing Business report shows that Israel has jumped 14 places and ranks 35th out of 190 countries. Last year, Israel was ranked 49th and within two years nineteen places rose. In 2018, the Accountant General under his responsibility received the concentration of handling of the Doing Business Index. This is a global indicator of the ease of doing business in different countries, vis-à-vis the World Bank and government offices. This is a direct follow-up to the recommendations of the Inter-ministerial Committee for the Improvement of the Business Environment appointed...

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Oct 24, 2019

Chamber of Commerce president Uriel Lin: Amazon is running an unfair competition
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Chamber of Commerce president Uriel Lin is furious at the unfair competition, claiming that Amazon is running "Amazon's operation in Israel is designed to destroy competitors." In a letter sent to the Competition Authority, Michal Halperin Lin claims that the limited deal with which Amazon went out, which offers free shipping in Kenya for more than $ 49 on Chinese Bachelor Day, created a state of unfair and unequal competition and the introduction of unfair competition Eliminate retailers who don't have Amazon's resources. " Commentators estimate that Uriel Lin is not really furious about...

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Nov 13, 2019

 Income inequality in Israel increased in 2018: family income grew at a faster rate than spending
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Income inequality in Israel increased in 2018 after three years of decline - according to data on households' expenditure and income published by the Central Bureau of Statistics on Tuesday. According to the data, the Gini income inequality index rose to 0.355 points (up from 0.351 points in 2017). The figures also show that the most significant increase was recorded in the average health expenditure of an average family in 2018, and that the share of Israel's top decile in net monetary income increased, approaching a quarter of the total income of the deciles. In the lower three deciles,...

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Nov 26, 2019

Central Bureau of Statistics: Kfar Saba is the city with the highest income per inhabitant in Israel
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Kfar Saba is the city with the highest income per inhabitant of 16 major cities in Israel, according to data released today by the Central Bureau of Statistics (CBS). This is the CBS processing of data taken from the Household Expenditure Survey, which it conducts and relates to various parameters in the lives of residents in the 16 largest cities in the country. Jerusalem exceeds NIS 12,515. The highest financial expenditure was found in Tel Aviv-Jaffa - NIS 15,675, and the lowest financial expenditure was found in Ashdod - NIS 8,836

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Dec 24, 2019

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