Articles by November, 2022

The right-wing bloc led by Benjamin Netanyahu won a majority of 62 mandate - Meretz is outs
687 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
586 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

 Average wage in Israel increased and starts to accelerate: In August - amounted  to NIS 12,258
382 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

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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
538 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

Food retail chains are on a conflict route: Unilever products are not sold in some chains
451 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

Israel President Herzog at the Climate Conference: The Middle East is on the brink of disaster
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by Ifi Reporter

Category: Health

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...

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Nov 7, 2022

October: Budget deficit of NIS 3.1 billion - in the past 12 months surplus reduced to 0.5% of GDP
509 Views Details

by Ifi Reporter

Category: Financial

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...

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Nov 8, 2022

 National Planning Council: Freeze of urban renewal projects around Metro stations
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by Ifi Reporter

Category: Real Estate

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...

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Nov 8, 2022

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