Articles by June, 2021

Israel will open a new economic diplomatic office  in Abu Dhabi this summer
74 Views Details

by Ifi Reporter

Category: Government

The Foreign Trade Administration at the Ministry of Economy and Industry will open a new economic diplomatic office in Abu Dhabi this summer, which will be a faith in the ties between Israel and the United Arab Emirates. The Economic offices will be a belief on behalf of the Ministry of Economy and Industry on strengthening trade and economic ties between Israel and the United Arab Emirates as well as on attracting foreign investment from the United Arab Emirates to the Israeli economy. Upon its establishment, this annex will join the system of economic annexes operated by the Foreign...

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Jun 1, 2021

Yitzhak Herzog was elected the 11th President of the State of Israel: 87 MK voted for him
65 Views Details

by Ifi Reporter

Category: Politics

Yitzhak Herzog was elected the 11th President of the State of Israel. Herzog won by an overwhelming majority of 87 supporters, the highest number in the state, over the 26 supporters of his rival Miriam Peretz, with whom he hugged in the plenum stand when the two then watched the vote together. In the victory speech, he declared that he would be "everyone's president" and would work to heal the rifts in Israeli society, as well as against anti-Semitism in the world. "With reverence and great excitement, I am the poorest of the deeds, accepting the election of the Knesset of Israel to me as...

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Jun 2, 2021

The average wage in Israel for local workers soared to a peak of NIS 12,740 in March
53 Views Details

seems that the economy is emerging from the corona crisis, but it seems that many low-wage earners have not yet returned to work, and as a result, the average wage in Israel for Israeli workers soared to a peak of NIS 12,740 in March. This is an increase of 5.5% compared to February, when the average salary was NIS 12,079. Even the wages of foreign workers soared to NIS 7,045, an increase of more than 10% compared to the previous month, when their wages were only NIS 6,316. From data from the Central Bureau of Statistics (CBS), it can be learned that the preference of quite a few workers...

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Jun 3, 2021

Israel Railways suffered a signaling malfunction: traffic from Tel-Aviv to the south resumed Friday
191 Views Details

Train traffic from Lod and Ben Gurion Airport to Tel Aviv Haganah was stopped yesterday afternoon and only resumed on Friday morning. Due to a fire near the tracks in the Ganot area. The fire was extinguished, but due to damage to the train signaling components in the area Tel Aviv was completely disrupted and caused millions of shekels in damage to passengers who had difficulty managing the situation that arose. According to Israel Railways, technicians are working to repair the system from the fire damage. Until the repair, trains from the north will begin and end their journey at the...

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Jun 4, 2021

Head of the Security Service Argaman: extremism in the public discourse might lead to Violence
243 Views Details

by Ifi Reporter

Category: Government

The head of the General Security Service, Nadav Argaman, issued a stern warning about the extremism in the public discourse in recent times, and said that there may be people who will interpret certain statements as a call for physical harm. "The State of Israel regrets on its banner the principle of freedom of expression, this is an important and necessary principle in a democratic state," wrote Argaman, who did not coordinate the announcement with Prime Minister Benjamin Netanyahu. "At the same time, in recent times we have identified an increase and severe extremism in the violent and...

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Jun 5, 2021

 Israel Bank: Over time the increase in apartment prices is similar to the increase in income
50 Views Details

by Ifi Reporter

Category: Real Estate

The Bank of Israel has published an analysis of the housing market in Israel. Expenditure on housing services is the largest expenditure component of households, buying an apartment is the largest expenditure of most households during their lifetime, and apartments make up about 50 percent of their asset portfolio. Therefore, the rise in housing prices over the past decade has placed the housing market at the center of public discourse and government policy. All of these point to the importance of understanding developments in the housing market and the need for tools to analyze it. A...

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Jun 6, 2021

Chief economist of the Finance ministry updates upwards the inflation forecast for 2021 to 2.2%
74 Views Details

The chief economist of the Ministry of Finance, Shira Greenberg, updates upwards the inflation forecast for 2021, the rate of price increase during 2021 will be 2.2%. "In the coming year we are expected to see an increase in inflation due to the recovery of the economy, an increase in private consumption due in part to an increase in private savings and an increase in energy prices," read its review published today. In Israel, like other developed countries in the world, inflation expectations have risen since the beginning of the year - expectations derived from the capital market stand...

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Jun 6, 2021

IDF updated Cellcom on the extension of the contract with the company by 2 more years
72 Views Details

by Ifi Reporter

Category: Government

The IDF has updated Cellcom on the extension of the contract with the company, as part of which it will continue to provide cellular services to tens of thousands of military personnel and employees of the Ministry of Defense. Cellcom has been providing cellular services to the IDF for nearly a decade. Now, as part of a tender held by the Ministry of Defense's Procurement Administration, an agreement has been signed for another two years. In the past month, the company has faced one of the biggest crises in its history - calls for a consumer boycott of it during Operation Wall Guard. The...

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Jun 7, 2021

Teva's trial begins: Tuesday the jury's selection phase for New York State's opioid lawsuit starts
655 Views Details

by Ifi Reporter

Category: Health

Tuesday, the jury's selection phase for New York State's opioid lawsuit against Teva and another line of pharma giants, including Johnson & Johnson (JNJ) and Maxon (MCK), is set to begin. The purpose of the lawsuit is to prove that the companies took an active part in a false business conduct to make money, with the aim of receiving monetary compensation. Returning to the continuation of the legal proceedings is a turning point, which began with the plague, so quite a few proceedings stopped. Now that the U.S. is starting to get back to normal, not only will the trial in New York begin,...

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Jun 8, 2021

Estimates: The cost of forming the coalition so far amounts to around NIS 20 billion a year
66 Views Details

by Ifi Reporter

Category: Politics

Ahead of the formation of a new government in Israel, Knesset Speaker Yariv Levin announced that Yair Lapid had managed to form a government with Naftali Bennett, but so far has not determined when the vote will take place to approve the formation of a new government. Meanwhile, the coalition agreements between the parties are revealed. The cost of forming a new government, as reflected in the clauses of the coalition agreements published so far, is estimated at around NIS 20 billion a year for the state budget. The full agreements will only be revealed when they are laid on the Knesset...

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Jun 8, 2021

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