Articles by June, 2020

The tourism and hotel industry will receive NIS 300 million in aid from the government
52 Views Details

by Ifi Reporter

Category: Government

The tourism and hotel industry will receive NIS 300 million in aid, according to the announcement of the Minister of Finance and the Minister of Tourism. The two met with representatives of the hoteliers who faced the hardest in the industry, which has been severely hurt by the halt of incoming tourism and the closure of hotels since March. In cities such as Tel Aviv and Jerusalem, incoming tourism is the main activity of the hotels in the city. Furthermore, most of the hotels in Israel did not operate in the past few months, for the first time in many of their history, they were forced to...

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Jun 1, 2020

 Pelephone: All employees in vacation without pay will return to work and get a grant
65 Views Details

Following negotiations in the past few weeks between the Histadrut, the Pelephone employees and the company's management, the parties signed a new agreement that will allow the company to deal with the consequences of the Corona crisis, while reducing the damage to its employees. Negotiations on the agreement were led by MZA VP of Zvika Abramovitz, Chairman of the Cellular Workers 'Union, Internet and High Tech at the Yaki Pioneering Federation, and Chairman of the Workers' Committee Yechiel Shemen. Accompanying the negotiations: Prof. Yaron Zelicha Dr. Kfir Ze'ev of the Orna Lin office,...

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Jun 2, 2020

Legendary past footballer Haim Revivo will be prosecuted for serious corruption offenses
50 Views Details

by Ifi Reporter

Category: Law

Earthquake in Israeli football. Legendary past footballer Haim Revivo will be prosecuted for serious corruption offenses subject to a hearing. Arnon Giladi, a member of the Tel Aviv City Council and former Deputy Mayor, will also be charged with bribery, fraud and breach of trust subject to a hearing. This is what the prosecutor's office announced on Tuesday in a 1803 case in which it has already been decided to prosecute MK David Bitten (Likud). According to the suspicions, as of November 2003, Giladi serves as a member of the Tel Aviv City Council and throughout the relevant period...

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Jun 2, 2020

Exit despite Corona: National Instruments acquires Israeli Optimal Plus for $ 365 million in cash
129 Views Details

by Ifi Reporter

Category: Financial

National Instruments Corporation (NI) acquires Israeli software company Optimal Plus for $ 365 million in cash. To date, the Israeli company founded in 2005 by Danny Glotter has raised $ 80 million, among others from the US investment fund KKR, Israeli venture capital funds Pitango, Viola Ventures, Spring Ventures, Vintage Scandi and Evergreen as well as private investors Kenneth Levy, Chairman of KLA. The acquisition is scheduled to close in the third quarter of 2020. The acquiring company trades on NASDAQ for about $ 5 billion and employs about 7,300 employees among others in its Texas...

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Jun 2, 2020

Unpaid vacation workers got NIS 4,500 less than paid workers - 38% gap
58 Views Details

by Ifi Reporter

Category: Financial

The average monthly grant of workers who were forced to go on unpaid vacation was NIS 7,577, while the average salary of paid workers was NIS 12,136 (a 38% gap). This emerges from an analysis by Chief Economist Shira Greenberg about the characteristics of workers who were taken on vacation without pay. In a similar survey released a month ago, the Treasury reported that the average salary of unpaid workers was 6,342. The discrepancy stems from the fact that while last month the data was received at the membership level, the data is now at the individual level. The review looked at data for...

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Jun 2, 2020

Corona Exit: American Netapp storage acquires Israeli startup Spot for about $ 450 million
78 Views Details

by Ifi Reporter

Category: Financial

Another huge exit at the door: Netapp storage and data company reports that it is acquiring Israeli (formerly SpotInst, Spotinst). Netap is a NASDAQ publicly traded company for $ 10 billion. It did not report the purchase amount as it is not material to it in reporting terms (less than 10% of its balance sheet), but it is estimated to be a $ 450 million deal. The deal was heated Wednesday evening. Negotiations to purchase it began in February. Spot has developed a system that helps companies save cloud computing costs by "zapping" between servers, and taking advantage of the discounted...

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Jun 3, 2020

MK Sami Abu Shehadeh: I was infected with Corona - didn't wear a mask in public appearances
61 Views Details

by Ifi Reporter

Category: Health

MK Sami Abu Shehadeh from the joint list announced on Wednesday night that he was infected with the Corona virus. All Knesset members of the faction who participated in the visit also went into isolation. Abu Shehadeh wrote in his Twitter account: "I received a few minutes ago the result of the corona test I did today - a positive result. I appeal to everyone in my immediate vicinity to go in isolation and conduct a check. I ask everyone to follow the Ministry of Health instructions The virus still exists between us and the supposed return to routine helps the virus spread in a big and...

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Jun 3, 2020

Corona also hit Israel Post: The company posted a net loss of NIS 105 million
357 Views Details

by Ifi Reporter

Category: Financial

Corona also hit Israel Post: The company posted a net loss of NIS 105 million in the first quarter of 2020, compared with a net profit of NIS 5.4 million in the corresponding quarter last year. This, as stated, was due to virus damage and due to a decline in the securities portfolio of the mail (as a result of the stock market downturn) of NIS 43 million. The company posted an operating loss of NIS 55 million, compared with an operating profit of NIS 1.4 million in the corresponding period last year. The company also posted negative EBITDA of NIS 17 million, compared with a positive EBITDA...

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Jun 4, 2020

118 new corona patients have been diagnosed - 87 educational institutions have closed so far
55 Views Details

by Ifi Reporter

Category: Health

118 new corona patients have been diagnosed in Israel in the last 24 hours, 93 of them since midnight. This is according to the Ministry of Health data released this evening (Thursday). According to city data, the new patients were found in dozens of localities and not in a small number of localities, as they were in recent weeks. The number of infections in Israel stands at 17,495, of which 15,013 have recovered and 291 have died - so the number of active patients is 2,191

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Jun 4, 2020

 257 people were infected since Thursday: 6 tenants and 3 employees in a nursing home in Or-Yehuda
179 Views Details

by Ifi Reporter

Category: Health

Six tenants and three employees in the nursing ward at Neot Avi - Ahuzat Eyal Nursing Home in Or Yehuda have been infected with the Corona virus in recent days. This after working at the institution was infected with the virus. The adherents were diagnosed on the second test, after the first test did not indicate infection. Following the diagnosis, all the occupants of the department and the workers were isolated - 29 patients and five employees. In addition, the institution began examining all tenants and employees. Some adhesives were transferred to other geriatric centers. According to...

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Jun 6, 2020

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