Capital Market

consumer confidence index rose: Don't seem to consider the possibility of closure
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In the first half of August, the sixth month of the corona crisis, the consumer confidence index rose, referring to the expected change in the economic situation in the country in the coming year. Consumers do not seem to be considering the possibility of another closure this time and a predicted outbreak of the flu pandemic ahead of winter. Data released by the Central Bureau of Statistics (CBS) shows that in the first half of August, the balance sheet relating to the expected change in the economic situation in the coming year rose to 29, compared with 45 in the second half of July and 40...

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Aug 19, 2020

Shaul Meridor Head of the budget department  - resignes: Minister Katz doesn't allow me to perform
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The head of the budget department in the Ministry of Finance, Shaul Meridor, announced his resignation on Sunday evening. "In recent months, and even more so in recent weeks, the ability to perform my duties as head of the budget department has become impossible," Meridor wrote to Minister Israel Katz in his resignation letter. "Unfortunately, you do not allow me and many other public servants in the various divisions of the Ministry of Finance and other government ministries to do what we know how to do - formulate, propose, analyze and criticize policy measures that will allow the...

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Aug 30, 2020

Corona threat? Payoneer is expanding: is recruiting 300 employees in Israel and around the world
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The Israeli fintech company Payoneer is expanding, against the background of the leap in the world of global trade, and is recruiting 150 employees in Israel and a similar number in the company's dozens of branches around the world. More than half of the jobs are in the fields of development (software and testing engineers, data and IT people), while the rest are divided into all other positions, from project and product managers, through operations to marketing. "We want to recruit these employees as quickly as possible. This is a program that needs to be put into action at top speed - we...

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Sep 4, 2020

The government allocated  last night t unanimously eleven billion shekels to the 2020 budget
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The government unanimously approved the allocation of eleven billion shekels tonight, an addition to the budget as part of a compromise proposal adopted to prevent the dissolution of the Knesset and the early elections. NIS 3 billion will be allocated to increase the defense budget. Nine hundred million shekels to increase disability benefits and one hundred and eighty million to raise about thousands of Flashmob members. Budgets will also be allocated for the integration of members of the Ethiopian community in Israel, for dozens of educational programs in state and state religious...

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Sep 10, 2020

 employees temporarily absent from work in August amounted to 808,000
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The Central Bureau of Statistics (CBS) publishes data for August, according to which the unemployment rate in the labor force is about 5.4%, compared with 5.1% in July. The labor force rate of employed persons who were temporarily absent from work all week for reasons related to the Corona virus, plus the unemployed stands at 9.8% (10.3% in the previous month). The proportion of non-employed people who stopped working due to dismissal or job closure from March 2020, plus the employed who were temporarily absent from work all week due to Corona virus-related causes, along with the...

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Sep 23, 2020

chief economist at the Finance Ministry Shira Greenberg: Cost of the closure is NIS 12 billion
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The current cost of the closure is about NIS 11-12 billion," said Shira Greenberg, the chief economist at the Ministry of Finance. "This cost reflects the cost of the closure, from the day it was applied before Rosh Hashanah, when businesses were restricted to the public and the education system was closed, and includes the regulations in their current format as approved this morning until the end of Sukkot. Any extension of the closure after Sukkot The damage to the product. " Israel closed today (Friday) at 2:00 PM until Saturday, October 10. A series of restrictions will be imposed,...

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Sep 25, 2020

942,678 jobseekers are registered with the employment service - 600 thousand are on unpaid leave
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600,000 Israelis on unpaid leave. This is according to data from the Employment Service published on Monday. Since September 17, the day before New Year's Eve and the entry of restrictions, 213,828 jobseekers have been registered in the employment service - of which 192,223 are due to unpaid leave and 21,605 for other reasons. Of the job seekers enrolled since that date, for 154,680 this is the second or more enrollment since the start of the corona crisis in the bitter month (72% of enrollees in this wave). Currently, 942,678 jobseekers are registered with the employment service, of which...

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Oct 5, 2020

 Tax Authority: 14,271 business reported their closure - CofaceBdi: 49 thousand were actually closed
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How is it possible that the number of businesses closing is actually declining when Israel is experiencing one of the biggest economic crises in the country's history. According to data from the business information company, CofaceBdi, between January and September 2020, 49,125 businesses were actually closed. In contrast, data from the Tax Authority show that only 14,271 business owners reported to the Tax Authority the closure of a business during this period. According to CofaceBdi, in July and August the number of businesses that ceased operations increased sharply (87% and 99%,...

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Oct 15, 2020

"The consequences of the corona crisis will accompany the Israeli economy for a long time
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The consequences of the corona crisis and how it will be managed will continue to accompany the Israeli economy for a long time. In 2021, a further contraction in the economy, a mass closure of businesses and an increase in the number of high-risk businesses were forecast. The main victims will be small and new businesses, and those that have rejected loan repayments to banks. This all comes up in a review conducted by business information firm Dun & Bradstreet for TheMarker newspaper. The review shows that 2021 is expected to be the second consecutive year in which the economy has shrunk,...

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Oct 22, 2020

The second closure interrupted the recovery process of the Israeli economy in Q3
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The second closure interrupted the recovery process of the Israeli economy in the third quarter of the year. This emerges from the Bank of Israel's membership survey published on Monday. Although activity in the economy continued to shrink from July to September, the recovery from the peak of the corona crisis was felt in the economy. The survey shows that the balance sheet of the business sector improved in the third quarter but remained at a very negative level. Although the balance of output in manufacturing recovered in the third quarter, it remained negative. The negative balance...

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Oct 27, 2020

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