Capital Market

Senior executives from various industries claim that in the last month the trend has intensified in which people refuse to return from unpaid leave or start new jobs, leading to a shortage of employees. The blame, they say, lies in promising the government to pay unemployment benefits by mid-2021 or until the unemployment rate in the economy falls below 10%. Rami Levy, owner of Rami Levy Sycamore Marketing says that "long-term unemployment benefits are the worst thing the government could have done." He said, "The state had to give money to employers so that they would pay it to workers,...

There is no real danger to financial stability in Israel, but the intensity of the risk to financial stability in the first half of the year was assessed as medium-high. This emerges from the Financial Stability Report of the Bank of Israel's Financial Division, published on Tuesday. This is a rare assessment of its kind in Israel. The report reveals that Israel is below average among the countries that have provided support to the economy, both in grants to citizens and assistance to the self-employed and companies, and in providing guarantees for loans and opening special funds for...

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...

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...

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...

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...

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...

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,...

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...

Public protest is gaining momentum and does not exist among the affected public but permeates the business sector. The fashion, catering and retail chains are announcing that they will open the stores early next week, even in closed malls. This will be done in violation of the closure provisions, which allow the opening of only stores that have been defined as essential, including food and pharma stores, home maintenance stores and optics stores. Although today (Sunday) there will be a discussion chaired by Prime Minister Benjamin Netanyahu on the plan to leave the quarantine, according to...