Articles by February, 2021

Supreme Court: stores providing essential goods are prohibited from selling non-essential products
63 Views Details

by Ifi Reporter

Category: Law

The Supreme Court, headed by Justice Noam Solberg, granted a petition seeking an amendment to regulations to prevent essential stores, which may operate on closing days, from selling non-essential products. The petitioners are companies that operate through franchisees businesses around the country, selling toys and similar products - they argued that the current policy, which allows the sale of non-essential products, while selling essential products, violates equality, without justification, and without achieving a proper purpose

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Feb 2, 2021

 Bloomberg Innovation Index: Israel slipped to 7th place - South Korea is first
62 Views Details

by Ifi Reporter

Category: Hitech

South Korea rose to first place in the Bloomberg Innovation Index, after Germany, which was in first place last year, dropped to fourth place. The United States, on the other hand, dropped out of the top 10 after being in ninth place in 2020, while Israel was ranked seventh, down one step from last year. The Asian nation is now in first place in seven of the nine years the index is published. One and ranked second and third respectively. The Bloomberg Index analyzes dozens of criteria using seven equivalent metrics, including research and development spending, manufacturing capacity, and...

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Feb 3, 2021

return to routine? Ratio between  those fired and those returned to work - has decreased
63 Views Details

by Ifi Reporter

Category: Government

Data from the Employment Service published on Thursday show that already this week the ratio between those fired and those going on vacation without pay and those who have already returned has decreased. Thus, in the fourth week of quarantine for every ten registrants in the employment service, 1.3 job seekers returned to the labor force, while in the fifth week, the ratio almost doubled, with every 2.3 registrants returning to work 2.3 job seekers. Either way, it seems that the trend will be reversed as early as next week and more workers will return to work than go on vacation and be...

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Feb 4, 2021

Bloomberg: Israel will reach 75% vaccination rate of the population with in two months
142 Views Details

Bloomberg News says it is possible to measure when the epidemic will end based on the current vaccination rate. To this end, Bloomberg has built the largest database of vaccines worldwide, having already given over 119 million doses in various countries. Scientists in the United States, including Dr. Anthony Pauchi, who was one of the top members of the Trump administration's team to deal with the corona virus, estimate that around 70 percent to 85 percent of the population needs to be vaccinated so we can return to normal life. The Bloomberg Surveillance Index shows that in some countries...

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Feb 5, 2021

600-700 stores in malls and shopping centers will open Sunday without government permit
146 Views Details

by Ifi Reporter

Category: Government

The shopping malls Big, Melisron and Rani Zim's Urban Life Zim centers will open on Sunday morning the malls and open centers for the benefit of tenants who want to run the stores, and especially the tenants of the fashion industry. The Big Group sent a letter last week announcing the opening of its centers in the morning, and even announcing that it will start charging tenants rent. The Azrieli Group continues to remain silent, sitting on the fence and watching from a distance the war waged by the competing real estate groups. The trade industry and malls are angry at the government for...

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Feb 6, 2021

The deficit in the state budget deepened, reaching a peak of NIS 166.4 billion
461 Views Details

by Ifi Reporter

Category: Government

The deficit in the state budget deepened, reaching a peak of NIS 166.4 billion in January 2021. In terms of percentage of GDP, the deficit jumped in January to 12.1% of GDP estimated in the last 12 months (February 2020 – January 2021). The deficit deepened, among other things, due to an increase in government spending due to the budgeting of corona aid programs and an increase in government debt spending. In January 2021, the government spent NIS 34.6 billion - an increase of about 25% compared to the corresponding month in 2020. The increase was entirely due to the aid program in Corona....

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Feb 7, 2021

Government employees earned 60% more than the average salary in Israel -  NIS 16,991
53 Views Details

by Ifi Reporter

Category: Financial

The Ministry of Finance's official in charge of salaries in the Ministry of Finance, Kobi Bar-Natan, published today (Tuesday) the report on wage expenditures in the civil service and the defense bodies for 2019. The report focuses on government ministries, the government health system, the government education system and the defense system. The average monthly salary in government ministries in the past year was almost 60% higher than the average salary in the economy. The average salary in government ministries in 2019 was NIS 16,991, compared to the average salary in the economy that...

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Feb 8, 2021

The state of Israel against Benjamin Netanyahu: Prime minister will declare - Not guilty
55 Views Details

by Ifi Reporter

Category: Start Up

The hearing on the indictment in the thousands cases will take place today in the Jerusalem District Court, in the shadow of Prime Minister Benjamin Netanyahu's attempt to postpone the start date of the evidentiary phase and the hearing of the evidence. In the first part of the hearing, the defendants in the three cases - Netanyahu, Bezeq owners and former owners of Walla Shaul and Iris Alovich, and Yedioth Ahronoth publisher Noni Mozes - are expected to answer orally that they deny the indictment. There will then be an oral hearing on several requests submitted by the prime minister's...

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Feb 8, 2021

Teva topped forecasts in Q4 with revenue of $ 4.5 billion - but stock fell 6.4% in New york
482 Views Details

by Ifi Reporter

Category: Financial

Teva topped market forecasts in the fourth and final quarter of 2020: The pharmaceutical company ended the quarter with revenue of $ 4.5 billion and net income of 68 cents per share. Analysts had expected revenue of $ 4.37 billion and net income of 62 cents a share. "We are purchasing products in the relatively early stages of development and are building future pipelines, but we will not make large acquisitions and we will not raise capital," said Carr Schultz, CEO of Schultz. Beyond the lack of growth, which is not currently on the horizon, the nature of the legal cases in which it is...

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Feb 10, 2021

Thousands demonstrated Saturday night against Netanyahu 34th week and were confronted with violence
183 Views Details

by Ifi Reporter

Category: Health

Thousands of people demonstrated Saturday night against Prime Minister Benjamin Netanyahu and government corruption, for the 34th week in a row. About a thousand demonstrators in front of the prime minister's residence on Balfour Street in Jerusalem and several hundred demonstrators near the Netanyahu family's home in Caesarea. These demonstrations were preceded by a series of smaller protests at intersections, bridges and interchanges across the country. Some of the protesters reported incidents of violence during the demonstrations at the intersections. A young woman was arrested after...

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Feb 13, 2021

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