Articles by October, 2021

Finance Minister Avigdor Lieberman announced today that "immediately after the budget is approved, we are going to launch a large amount of 26 projects in the field of infrastructure, transportation, water, and energy amounting to NIS 110 billion, not including the metro. About NIS 50 billion will be funded by the private market (PPP). - SG). "If we released the first PPP project 20 years ago, now we will release NIS 50 billion in projects here for the private sector - this should bring further impetus to the Israeli economy, which will allow the economy to grow, and bring more employment

The average mortgage amount decreased in September by about 3% compared to August to NIS 914,000. This is according to data from the mortgage market published by the Bank of Israel. This is the second month in a row that the average loan for the purchase of an apartment has decreased, after the peak recorded in July and stood at NIS 954.2 thousand. However, the average mortgage amount in September 2021 was 19.7% higher than in September 2020, when it stood at NIS 763,000

The government is considering advancing legislation that would make it possible to require corona tests, according to which if a person does not perform the test as required, he will be charged with a criminal offense that will be enforced by a fine - according to a government law memorandum distributed tonight (Monday) by the Ministry of Health. This is a very unusual proposal, which states that "the possibility" of advancing the legislation is being considered to "address a situation of concern about the outbreak of a dangerous strain of the corona virus, such as a vaccine that is less...

Teva missed market forecasts for the third quarter. The Israeli pharma company concludes the quarter with revenues of $ 3.8879 billion, a decrease of 2% compared to the corresponding quarter last year - analysts expected revenues of $ 4.03 billion. Revenue was hit mainly by the decline in Copaxone sales in North America, which was partially offset by the growth of the generics and over-the-counter pharmaceutical sector in Europe. Net income was $ 292 million or 26 cents a share, lower than forecast, compared to a loss of $ 4.34 billion or $ 3.97 per share in the same quarter last year -...

After a long period of information leaks, Intel officially announced the launch of Alder Lake, the new generation of PC processors. This is the 12th generation of Intel Core processors, the successor to the previous generation (Rocket Lake). The new series of processors will be designed for PCs, desktops and laptops. In a press release, Intel (+ 1.71% 137.1) estimated that the processors would generate revenue in the order of tens of billions of dollars. Intel's big challenge will be to prove that the new processors address and close the gaps with the new AMD and Apple processors

The ruling of the Lod District Court Judge, Shmuel Bornstein, may force Teva to pay additional taxes in the hundreds of millions of shekels. Judge Bornstein rejected Teva's appeal (-6.72% 2915) against an order filed by the Jerusalem Assessing Officer regarding the tax years 2008–2011. At the heart of the dispute between Teva and the tax authority was the question of whether Teva's use of tax-exempt profits for the acquisition of Ivax, Barr, Ratiopharm and Cephalon, in the cumulative amount of $ 27 billion (of which $ 18 billion in cash), expires Teva's tax exemption. Under the Capital l...

On Thursday night, the Finance Committee approved the budget laws for the years 2022-2021 for a second and third reading in the Knesset. Last minute: An additional NIS 91 million was agreed for the opposition in the coalition agreements. After approving the numerical part of the budget last night, the committee also approved the verbal part tonight, thus concluding the budget discussions and the Arrangements Law ahead of next week's Knesset votes. Today, discussions on the Arrangements Law are expected to continue in the various committees in the Knesset, prior to its approval there as...

Chip giant Renesas, a leading Japanese provider of advanced semiconductor solutions, is acquiring Celeno Communications from Raanana, which provides Wi-Fi solutions. Under the agreement, Rensas will purchase Selno in cash, for $ 315 million (approximately $ 35.8 billion), of which $ 45 million will be paid only upon meeting a number of targets in accordance with the final terms of the agreement. The company's CEO and founder, Gilad Rosen, said in a conversation with journalists that the goals set are those that the company can successfully meet

Pfizer's Child Vaccines Launch: The U.S. Food and Drug Administration confirmed the panel of experts 'decision Friday night and issued an emergency approval for Pfizer's coronary vaccines for children ages 5 to 11. The FDA agreed with the experts' decision that the vaccine given in a third of adults is safe and effective. In the prevention of infection and disease in the corona. This coming Thursday, the Ministry of Health's epidemic treatment team is expected to hold a similar discussion ahead of the recommendation to approve vaccines in Israel. The discussion will be held for the first...

Daylight saving time will end on Sunday morning. Tomorrow Saturday night we will be enjoying for the last time daylight saving time until March next year. The savings for the Israeli economy from operating daylight saving time, which ends tomorrow night, between Saturday and Sunday at two in the morning, are estimated at more than NIS 400 million. If these figures are correct it would be possible to enjoy them all year round. There is room for daylight saving time all year round even in winter. In the summer days from the end of May to the end of October it was possible to move the hands...