Articles by November, 2022

According to the election results as of this hour (Wednesday), only 2,459 votes separate the Netanyahu bloc from the Lapid bloc, while the right-wing parties led by the Likud currently win 65 mandates and the other parties only 55. It should be noted that the number is not final, and may change with the counting of the duplicate envelopes. The small numerical gap between the blocs compared to the apparent gap in the distribution of seats in the Knesset stems from the percentage of obstruction, and from the fact that the right-wing bloc was maximally organized, while the center-left bloc...

The international Israeli pharmaceutical giant Teva published its third quarter report for 2022, in which it reported revenues of $3.6 billion as well as cash flow generated from current operations of $543 million and free cash flow of $685 million. The revenue forecast for 2022 was revised mainly due to the continued headwind in foreign currency, the tax rate forecast range was revised to 12% - 14%; Operating profit, adjusted EBITDA, EPS, and free cash. The flow reaffirmed: revenues of 14.8 - 15.4 billion dollars compared to a previous range of 15.0 - 15.6 billion dollars

The Water Authority Board announced today (Thursday) that it is putting to a public hearing the increase in water rates for domestic consumption by approximately 3.5% starting in January 2023, among other things following a sharp increase in electricity prices and a 2% increase in the price index. This is alongside the increase in investments in the water sector in Israel. A final decision will be made in December. According to the proposal, the rate for a known quantity (the low rate) will be NIS 7.874 per cubic meter from January (instead of NIS 7.608 per cubic meter) and the rate for...

The Ministry of Health estimated that the next wave of the Corona is expected to be in October or November, right after the Tishrei holidays. This, following the increase recorded in the infection coefficient which stood at 1.05 - indicates an epidemic spreading. "We don't know if this is the beginning of a wave or a hump," said the corona projector, Professor Salman Zarqa. "I hope that at the end of this winter we will be able to treat Corona like the seasonal flu if a new variant does not arrive

State President Yitzhak Herzog said on Monday in his speech at the 27th Climate Conference that "the Middle East is on the brink of disaster." At the conference, held this year in Sinai, Egypt, Herzog said that "Here in Sharm el-Sheikh, I would like to repeat the firm commitment of the State of Israel to zero carbon and to transition from fossil fuels to renewable energy by 2050. But Israel is ready to take on a much heavier responsibility. Israel is right to lead the effort for Regional climatic resilience. I intend to lead the development of what I call a 'renewable Middle East', a...

In October, a budget deficit of approximately 3.1 billion shekels was measured, and the cumulative budget surplus in the last 12 months is reduced to 0.5% of GDP (approximately 8 billion shekels). This is according to data released today (Thursday) by the Accountant General of the Ministry of Finance, CPA Yali Rotenberg. According to the Ministry of Finance, the reason for the decrease in the annual budget surplus is also due to the postponement of tax collection estimated at 8.2 billion shekels from September 2021 to October 2021 due to the holidays. The accumulated surplus since the...

At the end of three months of discussions, the National Planning and Construction Council announced that it had decided to immediately freeze dozens of urban renewal projects around the metro stations in the Gush Dan area, which include hundreds of apartments, and set restrictions on future projects at a distance of about 100 meters from the stations, which include a potential of tens of thousands New apartments. This, as part of the approval of the outline for the promotion of TMA 38 projects in the area of ​​TMA 70 - the national outline plan for the area of ​​the metro system in the Tel...