Articles by December, 2022

Dozens of 230 municipalities, administrators and 760 teachers are protesting against the decision to transfer the responsibility for external programs at the Ministry of Education to the chairman of the extreme right wing party "Noam", Deputy Minister Avi Maoz. Prime Minister Netanyahu made it clear: "I will supervise the unit's activities." Administrators make it clear that they will not let "dark positions influence the agenda", the civics teachers make it clear that they will not cooperate "with curricula that contradict humanistic values" - and the prime minister-designate is trying to...

The salary of the president, prime minister, ministers, Knesset members and judges will jump at an astronomical rate of about 15%. The meaning: according to an almost final estimate, the salary of the President of the State Yitzhak (Boji) Herzog will increase from NIS 64,673 now to NIS 74,374 starting in January, and the salary of Prime Minister-designate Benjamin Netanyahu will be NIS 64,797 compared to the NIS 56,345 given in the position of Prime Minister now. The designated Speaker of the Knesset will receive the same salary as the Prime Minister

Hundreds of employees of the "Blade Technology" factory for the production of jet engine blades in Nahariya received the message on Sunday morning that after more than 50 years it is expected to close during the year 2025 due to "business considerations". About 900 of its 1,400 employees are expected to be laid off, but in the meantime, many have gathered at the company's second factory in the Tefen industrial area, among other things, in preparation for formulating protest measures. Meanwhile, the Histadrut declared a labor dispute

About three weeks ago, another round of locked-in profits ended, which resulted in tax revenues of NIS 2.9 billion, contrary to the forecast given at the end of 2021, which was only about NIS 1 billion. The operation was designed to deal with the problem created by the early version of the Capital Investments Encouragement Law, which resulted in companies locking up profits and not distributing them in order to avoid paying taxes

PwC Israel's mergers and acquisitions report for 2022 shows a 40% decrease in the number of merger and acquisition transactions, compared to a minor increase of 5% in the financial scope. The total number of transactions totaled approximately 18 billion dollars. 38% of the transactions were carried out by Israeli companies that also purchased other Israeli companies, totaling approximately 3.5 billion dollars

CloudWize and Kyndryl Israel announced today that the companies have entered into a strategic partnership to help bring cloud security and compliance to more businesses in Israel, across the CEE&EM region and globally. The agreement brings together CloudWize, an innovative agentless cloud solution that enables companies to have maximum cloud security and compliance from architecture design to runtime and Kyndryl's global leadership in IT infrastructure services to help the companies across the industries to unlock business value and strengthen growth in a secure and compliant way