Articles by March, 2020

El Al crisis: Layoffs have started and hundreds of employees demonstrated
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Corona Crisis Signal at El Al Company Announces First Dismissal Today. Students of 5 flight attendants, at various stages of the course, had to return their employee card today and were notified that the course had been stopped. It's about 100 people. In the meantime, 60 pilots admitted to the company and not yet accredited - will not be admitted into the company. These are pilots recruited in April. In light of the situation El Al was in, a message was circulated among the air crew that discussions were being held about the fate of the various promotion and diversion courses with the aim...

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Mar 1, 2020

Prime Minister Netanyahu: It's time to stop the election rounds and promote reconciliation
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by Ifi Reporter

Category: Politics

A resounding failure of the Blue and White Party and tremendous success for Prime Minister Benjamin Netanyahu. The Likud is close to achieving the necessary majority of 61 Knesset members. Exit models show that the Likud won between 36 and 37 seats, while Blue and White suffers from 32 to 33 seats. The ultra-Orthodox win 17 seats in the Knesset. Shas with 9 and Torah Judaism gets 8 seats. The voting rate is particularly high 71%. The left in Israel is crashing.The joint Arabic list receives between 14 and 15 seats.Right takes 7 seats, Avigdor Lieberman's party Israel Beitano receives...

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Mar 2, 2020

German Lufthansa announced the cancellation of its flights to Israel for at least 3 weeks
272 Views Details

German aviation giant Lufthansa, considered Europe's largest airline, also Swiss and Austrian Airlines, owned by Lufthansa announced on Thursday (Thursday) a cancellation of its flights to Israel following the Health Ministry's instructions yesterday to include Germany, France, Switzerland, Austria and Spain. The French airline also announced the cancellation of six flights on the Tel Aviv-Paris line. Three flights in each direction - tonight and tomorrow. In addition, Lufthansa canceled about 7,100 domestic flights in March - as of today. Lufthansa operates 32 flights from German cities...

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Mar 5, 2020

267 Views Details

by Ifi Reporter

Category: Health

Two more Israelis were diagnosed with Corona virus - the Health Ministry announced Friday. The two, aged 50, are residents of the center of the country who are currently living in isolation. One turned on February 27 from Madrid, Spain, and the other returned on March 4 from Zurich, Switzerland. As a result, the number of infected persons in Israel rose to 19. The Ministry of Health announced that the exact flight numbers and locations where the patients were staying will be published later. Yesterday, two other patients became aware of the infection. One of them, a tourist bus driver from...

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Mar 6, 2020

Strong basic economic data increase the resilience of the Israeli economy to Corona implications
153 Views Details

by Ifi Reporter

Category: Financial

The Bank of Israel monitors developments in the financial markets, in Israel and in the world, and on policy measures by central banks around the world. This is in light of the spread of corona virus in the world and in Israel. On Saturday, the number of people infected with the virus rose to 25. Last week, the weekly monetary committee * chaired by the Governor. The Research and Markets Division presented the latest developments, updates to growth forecasts around the world, and estimates of potential impacts. The committee discussed, among other things, the steps taken by other central...

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Mar 7, 2020

Israir and Arkia cancel their international operations and will focus now on Eilat
167 Views Details

A tough evening in Israeli aviation. The decision they feared came about: the closure of Israeli borders with the announcement of the isolation obligation to landers in Israel from all destinations in the world. Israir has announced it canceles it's international operations. The company said that following the announcement of the Prime Minister and the Ministry of Health, the company will work until the weekend to bring back all its passengers staying in the sand. The company will then cancel its scheduled international flights by the end of March. Flights inland from Haifa and Ben Gurion...

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Mar 8, 2020

Fashion companies have started taking thousands of workers on vacation without pay
137 Views Details

by Ifi Reporter

Category: Financial

Today, all malls will close and, following their closure, the fashion companies have started taking workers on vacation without pay The Castro chain announced a complete shutdown of its operations except for online sales. Six thousand network workers were taken on leave pending a new announcement Hamashbir Consumer Network will also suspend its operations in the branches until after Passover. Hamashbir's employees will also go on vacation without pay. Our correspondent Amit Tomer says that the industry estimates that today more companies will announce a similar move

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Mar 14, 2020

House prices close 4% annual increase -  CPI fell 0.1% in February
205 Views Details

by Ifi Reporter

Category: Real Estate

The latest index before the Corona: The CPI fell 0.1% in February, the Central Bureau of Statistics reports this evening. Analysts' expectations before the decision were down from 0.2% to 0.3% - a slightly higher than expected index. The January index fell 0.4%. Following the CPI, the annual inflation rate dropped to 0.1%. Segmentation of the components of the index shows that significant price declines were recorded in apparel items 3.8% and communications 1.1%. A notable rise in prices was recorded in the fresh fruit section 4.6%. The February index does not yet reflect the impact of...

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Mar 15, 2020

Intel: Workers who were forced to stay in solitary confinement will receive their wages as usual
161 Views Details

by Ifi Reporter

Category: Health

US chip giant Intel is not abandoning its employees these days affected by the spread of the Corona virus. Workers and contractors who have been asked to work from their homes due to travel restrictions, and those staying in solitary confinement, will receive their wages as usual. In addition, for a period of 15 days, Intel will fund employee care services that need assistance with child care and / or elderly care, in the event that schools or care centers are closed, or if self-employment of a worker or family member arises due to the outbreak of the corona virus. Payment policies for...

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Mar 15, 2020

American Equity Fund Helman Friedman aquires Israeli Checkmarx in a cash deal for $ 1.15 billion
173 Views Details

by Ifi Reporter

Category: Hitech

American Equity Fund Helman Friedman signed a purchase deal with Israeli cyber company Checkmarx this morning. The company was fully sold in a cash deal for $ 1.15 billion. However, as part of the Checkmarkx shareholder's deal, including Insight - they have exchanged some of their proceeds in acquiring shares, as is customary in private equity deals. The company was sold through a quick auction process that began on Thursday, during which a number of huge funds were bidding on the deal. And it closed in three days. This is Insight's first sale in Israel, and it gives it a significant...

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Mar 15, 2020

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