Articles by December, 2022

Tel Aviv is no longer the most expensive city in the world to live in: New York is
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No longer the most expensive city in the world to live in, but still at the top: after last year Tel Aviv was ranked first in the ranking of the respected magazine "The Economist", this year it dropped to third place, with New York and Singapore ahead of it together at the top. For Singapore, this is the eighth time in the last decade that it has been ranked first. Hong Kong and Los Angeles round out the top five

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Dec 1, 2022

El Al's Frequent Flyer Club will eliminate the time limit for the validity of the points
460 Views Details

El Al's Frequent Flyer Club is embarking on a series of significant changes to the loyalty program that will upgrade and simplify the point accumulation and redemption model as well as the system of eligibility for classes. The updated plan will go into effect in September 2023. The main change will eliminate the time limit for the validity of the points accumulated by the customer, compared to 3 years of validity today. However, the benefit of the time limit insurance is only valid as long as the points are accumulated from flights or credit card purchases in the amount of NIS 5,000 per...

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Dec 3, 2022

Marketing chains will line up with Tnuva and pass on the price increase to the consumer
310 Views Details

by Ifi Reporter

Category: Financial

Tnuva will increase the price of products by up to 4.9% - and most of the marketing chains will line up and pass on the price increase to the consumer. Some of the products became more expensive for consumers by nearly 13% beyond Tnuva's rate of increase. The company stated in response that the company sells and delivers according to the new price list starting November 22." Among the chains that raised the prices of many of the products: Victory, Beitan wines and SUPER (Carrefour), Keshet Tamim, AM:PM, Elonit, yellow, Shuk Mehdrin, the Shuk warehouses, Cheap and Big and more. "Osher ad"...

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Dec 3, 2022

Business tourism in Israel: Companies doing mutual procurement could purchase hospitality services
325 Views Details

by Ifi Reporter

Category: Real Estate

The Authority for Industrial Cooperation in the Ministry of Economy and Industry, after a discussion with the Hotel Association and the Ministry of Tourism, decided on a pilot that would enable mutual procurement of international companies that won government tenders, also in the field of inbound business tourism. This means that international companies committed to mutual procurement in Israel will be able to purchase hospitality services in hotels as part of business tourism: conferences, seminars, corporate vacations, exhibitions, etc. The new outline may give a significant boost to...

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Dec 3, 2022

Dozens municipalities fight an intention to limit external education programs promoting democracy
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by Ifi Reporter

Category: Government

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...

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Dec 3, 2022

Salary of the president, P.M, MK's and judges will jump by 15%: NIS 120 thousand for Ester Hayout
180 Views Details

by Ifi Reporter

Category: Law

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

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Dec 4, 2022

Fourth lottery of the "discounted apartment" program is underway: 7,000  units will be sold
472 Views Details

by Ifi Reporter

Category: Real Estate

The fourth lottery of the "discounted apartment" program is underway: the Ministry of Construction and Housing and the Israel Lands Authority (RMI) announced that another lottery, which includes about 7,000 discounted housing units throughout the country, will open at the end of the year (Wednesday, 12.28.22) and will be closed About a week and a half later, with the beginning of the new civil year (Sunday, January 8, 23). So far this year, about 21 thousand households have won the lotteries held as part of the program, which was promoted by the outgoing Minister of Construction and Housing...

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Dec 4, 2022

About 900 of its 1,400 employees of the "Blade Technology" factory will be laid off by 2024
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by Ifi Reporter

Category: Hitech

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

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Dec 4, 2022

An operation to collect taxes from locked-in profits ended  with tax revenues of NIS 2.9 billion
271 Views Details

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

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Dec 5, 2022

lay offs: The postal company will dismiss more than 1,000 employees and Bezeq group around 400
405 Views Details

by Ifi Reporter

Category: Financial

The wave of layoffs in the economy is expanding. High-tech companies are not the only ones that are laying off workers, and it turns out that other companies on the fringes of technology are also parting ways with hundreds of workers. The Bezeq management signed a collective agreement with the representation of the 3,000 employees of the subsidiaries Pelephone and Bezeq International - the parties announced. Along with enshrining various benefits for employees, including general wage increases and unique wage increases for low wage earners, it was agreed that within the framework of the...

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Dec 6, 2022

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