Articles by August, 2020

Teva is embarking on an extensive cut at the Teva Tech plant in Ramat Hovav. The plant, which produces active ingredients for medicines, employs almost 700 workers, but by nature in the last years of the crisis in the company, its utilization has dropped to only 20%. The main reasons for this are a significant drop in sales of Copaxone, Teva's flagship drug for multiple sclerosis that the plant produces its active ingredients as well as the lack of major launches of generic products. The dismissals agreed with the committee will begin in 18 months, meaning they will take effect in January...

The government will continue to function and the Knesset will not disperse tomorrow at midnight. This is after Prime Minister Benjamin Netanyahu said on Sunday evening that he accepts the compromise proposal to postpone the approval of the state budget by one hundred days. He said, "This compromise proposal is the right answer for Israel at this time. It is time for unity, it is not time for elections." Netanyahu added that "the government must be stopped within the government. I hear on the radio wild attacks on the prime minister out of blue and white, out of the government. I say: enough...

The Knesset plenum this evening (Monday) approved the bill to postpone the approval of the state budget by 120 days. The proposal was approved with the support of 67 MKs, including the Likud and Blue and White, compared to 37 opponents. As a result, the Knesset will not be dissolved and a fourth election campaign will be prevented within two years. According to the bill, the determining date for approving the budget will be December 23. NIS 11 billion will be added to the state budget for 2020, and the total updated budget is NIS 411 billion. The addition will be used, among other things,...

The rate of eligibility for a matriculation certificate among 12th grade graduates last year stands at 69.7% across the country, a slight decrease compared to the previous year which ended with 69.9%. Data published on Monday by the Ministry of Education show that despite the stability among those eligible for matriculation in the Jewish sector, eligibility among Bedouin students fell below 50%, and among Arab students in general there was a percentage decrease among those eligible

At the Alon headquarters in the Home Front Command, efforts are being expanded to curb the corona virus, in light of the recent outbreaks of the Delta strain across the country. "The increase in morbidity is abnormal compared to what we expected," says a senior official at the headquarters, "because it is not just in children." He stressed that the headquarters is conducting "aggressive operations", which include sending epidemiological investigations and sampling to each outbreak point, and even increasing the number of investigators by about 500. However, for now there is no intention to...

The sharp rise in the number of new infections in Corona in Arab and ultra-Orthodox localities continues. This emerges from data published by the Ministry of Health. In Tira, Kfar Qassem and Modi'in Illit, there have been sharp increases in the number of people diagnosed with the virus. However, in other localities there has been an increase in morbidity rates relative to their size. In the village of Kanna, 40 new corona carriers were diagnosed last week, which constitute 13% of all tests in the locality. In Ibelin, where about 13,000 residents live, 14% of all tests in the past week...

El Al lost $ 105 million in the second quarter of 2020, compared with a profit of about $ 100,000 in the same period last year, according to the financial statements published by the company tonight (Wednesday). El Al's losses in the first half of 2020 amounted to approximately $ 244 million. The reports also show that the company has a negative cash flow from operating activities of approximately $ 23 million, compared with a positive cash flow of approximately $ 110 million in the corresponding quarter last year. It should be noted that the results for the quarter are affected by the...

The demonstrators against Prime Minister Benjamin Netanyahu moved the demonstration from Balfour Street in Jerusalem to Tel Aviv on Thursday evening. About 1,000 protesters marched in the city without permission from the police. Hundreds of policemen from the Tel Aviv district deployed in the area with increased forces and announced that the protesters had dispersed - but did not use force against them. As a result of the march, the Azrieli junction was briefly blocked, and before that, Ibn Gvirol Street in the section between Arlozorov Street and Jabotinsky Street. Police in riot gear...

Phoenix Insurance Company ended the second quarter of 2020 with a total profit of NIS 748 million and a total profit of NIS 171 million in the first half, according to the financial report published by the company this morning (Sunday). Tomorrow, Harel Insurance Company will publish its reports, It remains to be seen whether the Phoenix (+ 0.06% 1648) will remain the highest earner in the industry. The source of the increases in the Company's profitability is in the increases in the capital market that were properly utilized by the Company's investment managers, as well as in the increase...

The head of the budget department in the Ministry of Finance, Shaul Meridor, announced his resignation on Sunday evening. "In recent months, and even more so in recent weeks, the ability to perform my duties as head of the budget department has become impossible," Meridor wrote to Minister Israel Katz in his resignation letter. "Unfortunately, you do not allow me and many other public servants in the various divisions of the Ministry of Finance and other government ministries to do what we know how to do - formulate, propose, analyze and criticize policy measures that will allow the...