Articles by October, 2020

The tax authority transfers hundreds of millions of shekels in tax refunds to businesses in a concentrated manner. The Authority announced today (Thursday) that out of a desire to help businesses in Israel, in light of the cash flow difficulties they encountered as a result of the economic consequences of the Corona virus and the tightening of restrictions, tax refunds amounting to hundreds of millions of shekels were released this week. Those eligible will be able to see the money in their bank accounts in the coming days. In this context, income balances in the total amount of NIS 153...

IAI has signed a cooperation agreement with the Bosnia-Herzegovina government to establish an online cyber academy in the country. As part of the agreement, the cyber experts of the Elta Division and the Singapore subsidiary, Custody Technologies, will conduct targeted training accompanied by the company's cyber simulator / trainer, TAME RANGE, which is a unique platform that simulates a wide range of cyber scenarios and enables practice, learning and application in the field. In addition, the coach has online verification and testing capabilities of the being taught and he provides...

The corona crisis gave its signals on the real estate market in the second quarter of 2020: In April-June, 16,800 apartments were sold in the free market (ie apartments that were not subsidized by the state) - a decrease of 27% compared to the corresponding quarter last year. Published today (Sunday) the chief economist at the Ministry of Finance, Shira Greenberg. It should be noted that this is the sharpest quarterly decline rate since the second quarter of 2014 that stood in the shadow of waiting for a zero VAT plan and also the lowest level since the first quarter of 2003 that stood in...

Towards a revolution in the Internet market: The Ministry of Communications issued a hearing to examine the abolition of infrastructure-to-provider separation (ISP), which has been practiced in Israel since 2000. As part of the reform, it is proposed ISP to private consumers so that they may be entitled to a unified service. "The existence of a split model no longer serves the competitive purposes for which it was set and imposes unnecessary costs on the economy and harms consumer welfare," the ministry notes. "The contribution of the ISP segment is small and it is doubtful whether it is...

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...

Confrontation within the Likud at the top of the government: Finance Minister Israel Katz sharply criticized the closure policy led by the Ministry of Health with the support of Prime Minister Benjamin Netanyahu. In internal finance ministry discussions on formulating an economic assistance program for the self-employed and unemployed, the minister said: "I will not let millions of people sink into despair and disgrace from hunger because of wrong decisions by the Ministry of Health to close the economy indiscriminately and without any health justification

The government approved tonight in a telephone poll the extension of regulations prohibiting demonstrations more than a kilometer from the place of residence until October 13. This is only about a quarter of an hour before it expires. In addition, restrictions on trade activities and gatherings have been extended, including in prayers or religious ceremonies. It will be interesting to see if extending the restrictions will prevent demonstrations across the country. So far, restrictions have prevented major demonstrations in Paris Square near the prime minister's residence but have led to...

Israel has experienced day and night hundreds of fires across the country. Most of the fires broke out due to the heavy heat that hit Israel on Friday. However, the fire services estimate that there were quite a few arsons. However, this will become clear after most of the fires have been extinguished and it will be possible to start investigations. The firefighters gained control of most of the fires towards Friday evening, but on Mount Deborah near the Galilee landscape the fire was still raging during the evening and night. Dozens of firefighting planes from the Elad Squadron that...

The closure continues to deepen the decline in consumption data, according to recent data on the volume of credit card use in the past week published by the Bank of Israel. The data show a significant slowdown in all sectors of the economy. The average daily volume of credit card use was NIS 848 million, a decrease of 10% compared to the pre-crisis period. In the previous week, the average daily use was NIS 1.09 billion (an increase of 11% compared to the pre-crisis period). In examining the various industries, the decrease in expenditure on education and leisure of about 50% in the...

The resignation of the director general of the Ministry of Finance, Keren Terner Eyal, just five months after taking office, is taking its toll on the ministry: in the next two weeks, senior officials of the Ministry of Finance and the Bank of Israel will hold meetings with the three major credit rating companies - S&P Israel's current situation and its ability to meet its obligations. The meetings will be held this time in Zoom, and will not include shared and friendly meals with representatives of the rating companies. Generally, rating agencies do not take an interest in the retirement...