Articles by October, 2022

2 weeks after a sinkhole opened up at the Ayalon routes in Tel Aviv - Hashalom Interchange opens
207 Views Details

by Ifi Reporter

Category: Health

The entrance to the "HaShalom" interchange in the south direction will be opened to traffic again tomorrow (Sunday) - the Ayalon Route Company announced. Traffic on the road was recently disrupted due to infrastructure work in the sinkhole area that opened at the interchange about two weeks ago. According to the company's announcement, the interchange will return "in a reduced format" starting at 05:00

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Oct 1, 2022

Israel Bank published first comparison between the average interest rates given by each bank
470 Views Details

by Ifi Reporter

Category: Financial

Bank of Israel published the first comparison between the average interest rates given by each of the banks in Israel in practice for deposits and for credit. The data is expected to be updated once a month, thus helping the public to compare the conditions given by the various banks and, if necessary, to bargain and even switch banks. However, while the data may help customers compare, it does not present a complete picture. For example, today's data is not divided according to the amount of the deposit or the amount of the credit - which of course may greatly change the interest rate...

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Oct 2, 2022

 IBC Unlimited launched internet infrastructure on optical fibers - Might reach up to 10 gigabytes
119 Views Details

by Ifi Reporter

Category: Hitech

The company IBC Unlimited launched a home internet infrastructure on optical fibers that can reach a speed of up to 10 gigabytes thanks to XGS-PON technology. In the first phase, consumers will be offered a speed of up to 5 gigabytes. The move will require customers to replace end equipment (router)

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Oct 3, 2022

Education system in Israel received twice as in OECD  countries but achievements are lower
426 Views Details

by Ifi Reporter

Category: Government

The rate of population growth in Israel is harming the attempt to improve the education system. Between 2012 and 2019, the budget of the Ministry of Education increased by 67%, but the increase in the number of students eroded the increase so the budget per student increased by only 21%. This is according to the annual education report of the Organization for Economic Cooperation and Development (OECD) published today (Monday) and referring to the 2019 budget data

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Oct 3, 2022

The average salary in Israel increased in July by 3.4% but  purchasing capability is decreasing
116 Views Details

by Ifi Reporter

Category: Financial

The average salary in Israel increased in July this year compared to the corresponding month last year by 3.4% and decreased slightly compared to the previous June. However, purchasing capability is consistently decreasing due to inflation. This is according to the data of the Central Bureau of Statistics. The average salary for a salaried position in July this year was NIS 12,113, compared to NIS 11,715 in July last year and NIS 12,522 last month. A significant part of the increase compared to last year is related to the absence of low-wage workers from the labor market due to the Corona...

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Oct 4, 2022

Ben Gurion Airport was packed during the high Holidays: Almost Million people left Israel
259 Views Details

by Ifi Reporter

Category: Health

The September data of the Central Bureau of Statistics (CBS) published today (Thursday) reflect the beginning of the influx of Israelis abroad during the Tishrei holidays (Rosh Hashanah falls on September 25) and overtake the data that existed before the Corona crisis. In September of this year, 967.1 thousand departures abroad were recorded compared to 928.9 thousand in September 2019

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Oct 6, 2022

The Sano company informed retailers it will raise prices again of its paper products mainly
92 Views Details

by Ifi Reporter

Category: Financial

The Sano company continues to raise prices: the company informed retailers that it will increase the price of its paper products, which it will already increase by 12%-14% at the end of 2021. Among other things, these are Snow Soft, Snow Sushi, paper towels, disposable tablecloths, napkins for entertaining and disinfectant wipes. The last time it raised prices - it did not back down but promised promotions that would seemingly eliminate the price increases. Some products are sold at their previous prices. Either way, all Sno products from bleach to toilet paper - there are substitutes on...

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Oct 6, 2022

A record in shopping ahead of Rosh Hashanah:  in September we spent over NIS 38.811 billion
98 Views Details

by Ifi Reporter

Category: Financial

A record in shopping ahead of Rosh Hashanah: this year in September we spent over NIS 38.811 billion on credit cards within Israel - an increase of 21.4% compared to 2021. For comparison, in September 2021 expenditures totaling NIS 31.961 billion were recorded, according to data from the Automated Bank Services Company, which manages and develops The national credit card payment system. The data does not include online purchases from websites abroad and does not include shopping overseas

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Oct 6, 2022

Most of the banks again did not pass on the full interest rate increases to citizens' deposits
111 Views Details

by Ifi Reporter

Category: Banking

Most of the banks in Israel again did not pass on the full interest rate increases to citizens' deposits, the Bank of Israel published today (Sunday) a first comparison between the average interest rates given by each of the banks in Israel in practice for deposits and for credit. The data is expected to be updated once a month, thus helping the public to compare the conditions given by the various banks and, if necessary, to bargain and even switch banks. However, while the data may help customers compare, it does not present a complete picture

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Oct 8, 2022

Supreme Court: Netanyahu is required to return money given to him by his cousin Natan Milikovski
532 Views Details

by Ifi Reporter

Category: Law

The Supreme Court ruled Sunday that opposition leader Binyamin Netanyahu will be required to return money given to him and his wife by his cousin Natan Milikovski to finance their legal expenses during his tenure as prime minister. The Supreme Court explained that these funds were given in violation of the Public Service Law - known as the "Gift Law" - and therefore Netanyahu must return to the estate of his late cousin $270,000 out of the $300,000 he received from him

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Oct 9, 2022

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