Articles by December, 2022

by Ifi Reporter
Category: Capital Market
The extraordinary budget surplus enjoyed by Israel in recent months shrank slightly in November, to 0.4% of GDP (cumulative surplus in the last 12 months), compared to 0.5% in October. However, the cumulative surplus from the beginning of 2022 is still large, amounting to NIS 28.9 billion. In the background of the shrinking of the budget surplus is a moderation in the jump that took place in the last year in the collection of taxes. The government's tax revenues from January to November 2022 were 14.8% higher than the corresponding period last year, compared to 17.1% from January to...
Dec 8, 2022

by Ifi Reporter
Category: Hitech
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
Dec 8, 2022

by Ifi Reporter
Category: Financial
Shufersal launched another public relations campaign, designed to disguise the fact that Israel's largest retail chain is also the most expensive of the discount chains: earlier on Sunday, Shufersal distributed a press release under the title "Shufersal takes a significant step: launches a unique program and lowers the price of more than 300 selected products for six months." But you won't find big consumer news here. Shufersal announced a fixed catalog price of about 20% lower for a variety of products. The discount will only apply at Shufersal Deal branches and the Shufersal online...
Dec 11, 2022

by Ifi Reporter
Category: Financial
Delta Brands launched the American lingerie brand Victoria's Secret. The brand is added to Delta, Peaks and the sports brand Fanta Ray. The parent company, Delta Galil, manufactures underwear for Victoria Global under the American brand name. Today Victoria's online store will go live, and in September 2023 the first two stores of the brand will be launched in the Grand Mall in Petach Tikva and the Grand Mall in Haifa. After them, a third store will be launched, the location of which will be signed in the coming days. Delta plans to open about ten Victoria's Secret stores in 2023-2025 with...
Dec 11, 2022

by Ifi Reporter
Category: Capital Market
The struggle of the Lahavim plant in Galilee, which Pratt & Whitney wants to close and lay off 900 workers, is intensifying. The parent company wishes to transfer the activity of the distributor to the United States. The storm of layoffs and the closing of the plant in the north reached the finance committee in the Knesset: Martin Beaulieu, the vice president for operations strategy at the American company claimed that they did not find a buyer and that the plant lost 700 million dollars and will continue to lose until the closure. The Histadrut representative rebuffed him: "They want to...
Dec 12, 2022

by Ifi Reporter
Category: Law
Two construction workers in their 30s were killed on Monday afternoon and another worker was moderately injured as a result of collapsing scaffolding at a construction site on Rakfat Street in Givat Ze'ev. The police began examining and collecting evidence and findings at the scene and representatives of the Ministry of Labor were called to the scene to investigate the case. The incident was reported at MDA's 101 hotlines in the Jerusalem area at 12:04 p.m. Scaffolding on an exterior wall of a 12-story construction site collapsed and three workers were trapped under them. Medium to...
Dec 12, 2022

by Ifi Reporter
Category: Real Estate
The trend of slowing down in the real estate market continues, with last October being at a significant low: from data published on Tuesday by the Chief Economist at the Ministry of Finance, Shira Greenberg, it appears that this month saw the lowest level in the number of transactions for the sale of apartments (new and second hand) since April 2020, which was overshadowed by the outbreak of the corona epidemic. Preliminary data for the month of November indicate the continuation of the sharp decrease in transactions compared to the corresponding period last year (and a relatively low level...
Dec 13, 2022

1 out of every 5 Israelis experienced surveillance or harassment on social networks in the past year
by Ifi Reporter
Category: Hitech
1 out of every 5 Israelis experienced surveillance or harassment on social networks in the last year; In the past year, every fifth Israeli experienced curses and hatred aimed at him online; 1 out of every 10 Israelis has experienced the distribution of intimate or embarrassing photos of him without his permission; The Israelis state that the two groups most attacked in the networks are the ultra-orthodox society and the Arab society; Israelis who have been exposed to online violence state that Facebook is the most violent social network (82%), followed by a wide margin by WhatsApp (26%)...
Dec 13, 2022

by Ifi Reporter
Category: Real Estate
The contractors sold only 1,819 apartments in October, which is a 68% decrease compared to October 2021 and a 34% decrease compared to sales in September - according to data published by the Central Bureau of Statistics (CBS). This is the lowest volume of sales recorded in the industry since the corona virus shutdown in April 2020
Dec 14, 2022

by Ifi Reporter
Category: Hitech
Intel has fired dozens of employees in Israel in the recent period, with the layoffs being spread across several departments and divisions where projects were closed. Although the number of those fired is small, it indicates a trend that may strengthen in the coming year. The number of global layoffs at Intel is unknown at this point, but about two months ago it was announced that the intention was to lay off thousands of workers due to the slowdown in the PC market.
Dec 15, 2022
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