Articles by February, 2022

Israeli high-tech companies employing workers in Ukraine are in a major crisis. It is estimated that Israeli high-tech companies employ about 15,000 workers in the country, the vast majority of whom are developers. Ukrainian developers have become in demand due to being skilled workers seeking lower wages than is customary in Israel, as well as due to the fact that the flight distance is short and the time zone is the same. Even before the Russian invasion, start-ups began offering their workers in Ukraine packages of assistance or assistance in moving to another country. For example,...

The economic blow that Russia will suffer from the sanctions will cause sub-shocks, because the global economy is very integrated today. Even overseas vacations will increase as a result, due to rising prices for insurance, jet fuel, and a possible shortage of flights. We may be able to give up the neighborhood baker's cookie box after it becomes more expensive, The military - wherever we turn. Inflation is an economic phenomenon that has been almost completely absent from the world for three decades. Captivation is worrying - it erodes the value of money and income of employees....

After three days of fighting, Western countries have agreed to impose the most severe sanction on Russia: cut off (not all) Russian banks from the Swift system, the World Interbank Financial Communications Association. This means that funds will not be able to flow out of and into the Russian financial system. The decision was supported by the European Union, Canada, the United Kingdom, France, Germany, Italy and the United States, which initially opposed it. This is a very extreme step. The decision was made to take "drastic measures" against Russia. "We will make sure that these banks are...

The U.S. ambassador to the United Nations has protested to Israeli Ambassador Gilad Ardan that Israel refused to back up the resolution that the U.S. led to a vote in the UN Security Council on Friday night condemning the Russian invasion of Ukraine, senior Israeli officials said. Last week, the Prime Minister's Office and the Foreign Ministry said that the United States understood the Israeli position and did not put pressure on it regarding its position on the Russian invasion of Ukraine. Prime Minister Naftali Bennett and Foreign Minister Yair Lapid told ministers A security that took...

The Ministry of Finance will assist in a particularly limited program with the exception of the self-employed who were partially injured as a result of the spread of the Omicron strain in the past two months. The pressure of small and medium-sized self employed businesses did not seem to help. Finance Minister Avigdor Lieberman announced in the Knesset that the outline formulated by the Ministry of Finance to assist small and medium-sized businesses up to a turnover of NIS 60 million per year will be limited and will include maximum assistance of NIS 600,000 only for businesses damaged by...

Thousands of Israelis are trying to escape from Ukraine, which is fighting heroically in Russia. Last night he was accidentally shot by an Israeli while making his way from Kiev in a convoy heading for Moldova in an attempt to leave the country fighting the Russians. Roman Brodsky was killed and an effort is now being made to fly his body to Israel. He worked in Kiev for about two years and lived there. His father, Yafim Brodsky, said that in recent days Roman had reported to him about the escalation. "All the time we are only getting worse and worse. At night they sleep in the underground...