Articles by November, 2022

Israelis are using election day for shopping: 38% increase in spending on credit cards
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by Ifi Reporter

Category: Financial

Data from the Automated Bank Services Company on the scope of purchases with credit cards indicates that the Israeli public is also taking advantage of election day for shopping, when there was a 38% increase in Israeli spending on credit cards compared to the previous election day.

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Nov 1, 2022

The right-wing bloc led by Benjamin Netanyahu won a majority of 62 mandate - Meretz is outs
561 Views Details

by Ifi Reporter

Category: Government

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...

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Nov 2, 2022

Teva will pay the state of New York $523 million for its part in the opioid case over 18 years
469 Views Details

by Ifi Reporter

Category: Law

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

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Nov 3, 2022

The High-tech crisis: Israeli cyber unicorn Checkmarx is laying off about 100 of it's employees
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by Ifi Reporter

Category: Hitech

The Israeli cyber unicorn Checkmarx, which operates in the field of application security, is laying off about 100 employees, of which 40 are in Israel, making up 10% of the company, according to an email issued by Emanuel Ben-Zakan, CEO and co-founder of Checkmarx, to his employees today. Checkmarks became a unicorn with its purchase in 2020 by the American investment fund Hellman Friedman, for about 1.2 billion dollars.

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Nov 3, 2022

 Average wage in Israel increased and starts to accelerate: In August - amounted  to NIS 12,258
250 Views Details

by Ifi Reporter

Category: Financial

The rate of average wage increase in the economy is starting to accelerate. In August, the average wage in the economy for Israeli workers reached NIS 12,258 per month - a nominal increase of 4% compared to August 2021. For comparison, in July the rate of the wage increase was moderate and reached a level of 3.4% per year. This is according to the wage and income data in the economy published today (Thursday) by the Central Bureau of Statistics (CBS). The Central Bureau of Statistics today also publishes partial data regarding the forecast of the average salary in the economy in September,...

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Nov 3, 2022

The Water Authority Board: water rates for domestic consumption will rise by approximately 3.5%
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by Ifi Reporter

Category: Government

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...

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Nov 3, 2022

Ministry of Health estimated that the next wave of the Corona is expected in November
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by Ifi Reporter

Category: Health

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

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Nov 5, 2022

Israeli Cyber ​​company Varonis lays off 5% of its workforce: about 110 employees
400 Views Details

by Ifi Reporter

Category: Hitech

Cyber ​​company Varonis lays off 5% of its workforce. It is about 110 employees, with less than half being fired from the company's Israeli development center. Varonis' workforce swelled during the tidal period and the company currently employs 2,270 people while its annual revenue rate stands at approximately $470 million.

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Nov 6, 2022

57,000 households registered for the lottery of the 3,300 "discount apartment" lottery
286 Views Details

by Ifi Reporter

Category: Real Estate

Last Thursday, the registration for the "discount apartment" lottery ended. As part of the lottery, 3,300 housing units were offered in 11 localities across the country, among them: Jerusalem, Beer Sheva, Lod, Nof HaGalil, Ofakim, Tiberias, Emmanuel, Afula, Geva Binyamin, Kfar Kasem, and Sakhenin. A total of 57,000 households registered for the lottery. Since every Housing Ministry beneficiary was allowed to register in three different places, the total number of registrations reached 480,000. The results of the lottery will be announced in the coming weeks

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Nov 6, 2022

Food retail chains are on a conflict route: Unilever products are not sold in some chains
287 Views Details

by Ifi Reporter

Category: Financial

The struggle over the cost of living intensifies close to the establishment of a new government in Israel. Binyamin Netanyahu is making efforts to establish his government very quickly, but the marketing chains are not interested in fighting the angry public over the price increase. The question being asked now is whether the marketing chains are boycotting Unilever or is Unilever boycotting the chains? From the beginning of the month, Shufersal, Osher Ed, Bitan Wines, Yohannoff, Half Free, Victory and Rami Levy do not accept products from the European giant company that imports Dove, Sif,...

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Nov 7, 2022

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