Articles by October, 2020

Data from the National Insurance Institute published on Wednesday show that about 277,000 are entitled to unemployment benefits for more than 100 days. A total of 1.08 million applications for unemployment benefits have been submitted since the beginning of the crisis, of which over 980,000 applications (92%) were approved, with 114,000 approved under the Corona conditions (qualification period 6-12 months). 85,000 of the applicants were not entitled under the terms of the law to receive unemployment benefits. About 634,000 people entitled to unemployment benefits are unemployed, while...

In recent weeks, the tax authority has approached about 150 self-employed people who have received compensation for losses since the outbreak of the corona crisis - and demanded that they return the money they received. According to a senior PA official, it turns out that dozens of self-employed people demanded the funds based on losses incurred by them this year compared to last year. However, an examination carried out by the Tax Authority revealed that some of them did not receive the grants or were overpaid, as their losses were lower than the conditions eligible for the grant. In a...

The rating agency Moody's published on Wednesday an explanation of Israel's credit rating, after last weekend it postponed its rating decision from October 23 to a later date, thus effectively maintaining an A1 rating. Moody's notes that the main risk to Israel's credit rating is Israel's debt burden, Israel's long-term demographic trends (apparently referring to population growth where employment rates are as low as the ultra-Orthodox and Arabs - etc.) and the ongoing tensions in the Middle East. Against the background of the polarized political system that also threatens fiscal policy,...

The Corona Cabinet has decided Thursday night not to open the street stores until next Sunday, despite the demand of Finance Minister Israel Katz. According to the decision tonight, shortly after midnight, the opening of street shops will be allowed from November 8, on terms to be agreed by the Ministries of Health and Finance. Health Minister Yuli Edelstein, who called for unity decisions, voted against following the deviation from the original outline of relief every two weeks. Following this, clashes broke out between the ministers, just before the vote in the debate that took place in...