Articles by June, 2020

Leading candidate for the post of CEO Mizrahi Tefahot, Vice President of the Bank Moshe Larry was officially appointed: Mizrahi-Tefahot Board of Directors today adopted the recommendation of the Detection Committee for the CEO position (chaired by the Chairman of the Board of Directors Moshe Weidman) and decided that VP And Finance Division Manager Moshe Larry will be appointed Mizrahi-Tefahot's next general manager. Weidman said: "The members of the detection committee were very impressed by Moshe Larry's many capabilities, his rich experience and significant contribution to the bank's...

Israel Aerospace Industries has signed a NIS 1.2 billion ($ 350 million) contract with a major European state to sell intelligence aircrafts. Intelligence aircrafst are developed in the Elta division of Israel Aerospace Industries, the radar and intelligence house of Israel, a world leader in the field. Aerospace intelligence aircraft operate in Israel and many countries of the world and are considered to be strategically important. The aerospace industry is one of the few companies in the world with the ability to develop these unique technologies. The company's breakthrough in the field...

.148 people were diagnosed with Corona patients in the past day, according to (Tuesday) Health Ministry data released (Tuesday). The data also shows that 32 have recovered in the last day, and the number of active patients is currently 2,722. According to data and a report from the Corona National Information and Knowledge Center, affiliated with the IDF Intelligence Division, 166 patients were added in Tel Aviv as of June 1. According to the Ministry of Health, 18,180 people have contracted corona in Israel, of which 15,159 have recovered. 31 of the active patients are defined as in...

"The Israeli economy is facing a severe recession and GDP is expected to decline by 8.3%, which means growth is expected to be negative and stand at 8.3%. If a second outbreak of the Corona epidemic occurs later this year, and 6.2% if the epidemic goes away by the summer. " This is the sharpest recession since the establishment of the state, and the forecast is much gloomier than that of the Bank of Israel, which estimated the impact on GDP at only 5.3%. The decline in growth, according to the optimistic outlook, is also stronger than the world average (6%), but less than the expected west...

Two days after the Treasury announced that it was not opposed to the acquisition of Golan Telecom by Cellcom, the competition authority announced on Wednesday that it was approving the deal, three months since it was opened. In 2016, the authority objected to a similar purchase request for fear of damaging the competition. Now, the Ministry of Communications' final approval is required, but it is also likely to see eye to eye with the other regulators. The merged Cellcom will actually return to pre-cellular reform days in 2012 with a 35% market share, which is about 3.7 million...

The Corona crisis has led to a fall in real estate deals for the purchase of residential apartments last April that has crossed all market segments - young couples, investors, and housing enhancers - according to the chief economist's review of the housing sector in April, published Thursday. The total number of transactions was only 2,100 apartments - the lowest level recorded in the domestic real estate market at least since the early 2000s. The last 20 years. The review noted that the unprecedented slump in the number of transactions was recorded against the backdrop of the Corona...

Minister of Economy and Industry, Amir Peretz, formulates a plan that will lead to the establishment of a trust between the Bedouin society in the Negev and the State of Israel. "If we do things right, we can make the next generation part of the Israeli human economy, because otherwise the neglect and deterioration that leads to the separation between Bedouin and Israeli society will continue." Minister Peretz and the office's director, David Lefler, met with the heads of the major authorities, senior representatives of the diaspora accompanied by MK Said Al-Khrumi, and with the Bedouin...

The state-owned apartment rental company and the Israel Land Authority announced this morning that Parshkovsky onstruction company is the winner of a long-term rental project as part of the roof agreement, in a new neighborhood in Lod, which will build on Ben Shemen's land. The complex will include 352 units of which 286 are long-term rental apartments. The Ben Shemen project is the second project of the Parshkovsky Company as part of apartment tenants and is joining a project of 320 housing units currently being built in West Ramla. Lod agreed to the project despite recently announcing...

The volume of construction starts in the 12 months between April 2019 and March 2020 decreased by 2.3% compared to the 12 months preceding the period under review; This is according to the CBS data released Thursday. This is a period whose end was marked by the beginning of the restrictions in the economy due to the spread of the Corona, whose real implications can only be understood in the summary of May-June. During the period examined by the CBS, the construction of approximately 51,000 apartments began, and after 2019 was characterized by a mixed trend and in 2018 there was a 3.2%...

The National Labor Court rejected Friday's state demand to issue restraining orders - announcing that the 10th grade school year is over. Meaning: Upon accepting the Teachers Organization position, the middle school year is over, and kindergarten and elementary students left for the Great Holidays on July 1st. "We do not express any position on the implications of this decision on the obligation of the Teachers' Union to act in accordance with its agreements with the state," the judges wrote. "In the absence of a normative source to require the extension of the school year to the 10th...