Articles by March, 2022

The deficit continues to decline, standing at about 2.2% of GDP at the end of February 2022
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The deficit continues to decline, standing at about 2.2% of GDP at the end of February. This is a decrease of about 1% compared to the deficit at the end of January. The deficit is the gap between state revenues and state expenditures in the last 12 months. The decrease in the deficit is due both to the budget surplus (large revenues from expenses) in February 2022 of NIS 4 billion, and to the fact that in February 2021 (now out of the calculation of the deficit) there was a budget deficit of about NIS 11 billion. Recall that the deficit target for the end of the 2022 budget year is 3.5%...

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Mar 8, 2022

Bank Leumi's net profit amounted to NIS 6 billion in 2021 - Record profit the highest in the sector
221 Views Details

by Ifi Reporter

Category: Financial

Bank Leumi's net profit amounted to NIS 6 billion in 2021, a record profit for the bank, the highest in the sector and almost three times the net profit in 2020, which stood at NIS 2.1 billion (an increase of 285%). The profit reflected a return on equity of 15%, compared to a return on equity of 5.7% in 2020. At the end of the fourth quarter, Leumi earned NIS 1.5 billion, an increase of 67% compared to NIS 900 million in the corresponding quarter. Leumi's annual profit line is higher than NIS 1 billion than that of its major competitor, Bank Hapoalim, which reported an annual profit of...

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Mar 9, 2022

SHARP RISE IN GLOBAL TRANSPORTATION PRICES LED TO A YEARLY PROFIT OF $ 4.65 BILLION - 787% INCREASE
217 Views Details

by Ifi Reporter

Category: Financial

ZIM sums up a tremendous year: The sharp rise in global transportation prices jumped the profit of the transportation shipping company by 787% to $ 4.65 billion in 2021, compared to $ 524 million in 2020. Zim is controlled by Idan Ofer's Canon holding company - the company ended the fourth quarter with a net profit of $ 1.71 billion, compared to only $ 366 million in the corresponding quarter - an increase of 366%

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Mar 9, 2022

Photographed footage reveals the neglect of refugees from Ukraine that landed at Ben Gurion Airport
166 Views Details

by Ifi Reporter

Category: Politics

Photographed footage obtained by the press on Thursday from social media posts reveals the neglect of refugees who came from the war in Ukraine and landed at Ben Gurion Airport. Recognition, "said one lander in a video posted on Facebook." Hot here, stuffy here. " Following the documentation, Interior Minister Ayelet Shaked ordered that the procedure be changed immediately and that those waiting at Ben Gurion Airport be transferred regularly to the hotel, where they will stay until a decision is made on their case. "The Minister thanked the Minister of Defense, Bnei Gantz, for his decision...

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Mar 11, 2022

Several Israeli government websites stopped operating apparently due to an Iranian cyber attack
163 Views Details

by Ifi Reporter

Category: Hitech

Several Israeli government websites stopped operating on Monday evening for a long time, apparently due to a cyber attack. Among the sites that were the target of the attack: the sites of the Ministry of the Interior, Health, Justice, Welfare and the Prime Minister's Office. The ICT Authority and the National Cyber ​​Network said: "In recent hours, a denial of service attack on a communications provider has been identified, as a result of which access to several sites, including government sites, was briefly denied. At this time, all sites are back in operation." A security source said...

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Mar 14, 2022

 Bank of Israel: The volume of mortgages in February soared to a total of NIS 11,225 billion
143 Views Details

by Ifi Reporter

Category: Real Estate

The volume of mortgages in February soared to a total of NIS 11,225 billion, according to data from the Bank of Israel. This is an increase of 12.6% compared to the previous month and an increase of 54.6% compared to the corresponding month last year. Moreover, in the last 12 months, mortgages with an almost inconceivable cumulative amount of NIS 130.8 billion have been taken out. The data in February also show that the volume of unlinked transactions was NIS 8.36 billion, which is 74.5% of all transactions, compared with 68.8% in the corresponding period last year and 65.6% in 2020. This...

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Mar 14, 2022

farmers revenues and not marketing chains are the reason we pay much more for fruits and vegetables
168 Views Details

by Ifi Reporter

Category: Government

The government committee that examined the brokerage gaps concluded that the reason the Israeli consumer pays much more for fruits and vegetables is the fault of the farmers and not the marketing chains. As of 2020, the total consumption market for fruits and vegetables in Israel was NIS 29.1 billion per year. Of this amount, the volume of consumption of fresh fruits and vegetables was about NIS 24.7 billion. According to the results of the joint government committee for the director general of the Ministry of Economy and Industry, Dr. Ron Malka, the director general of the Ministry of...

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Mar 14, 2022

Inflation is back: CPI rose by 0.7% in February and 0.9% since the beginning of the year
162 Views Details

The consumer price index rose by 0.7% in February 2022, completing a 3.5% increase in the last twelve months (February 2022 compared to February 2021). This is according to data published by the Central Bureau of Statistics. Thus, already in the second month of 2022, a price increase of almost a full percentage - 0.9%, has been accumulating since the beginning of the year

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Mar 15, 2022

Is Corona back?  The obligation to wear masks in closed spaces will continue
152 Views Details

by Ifi Reporter

Category: Health

Prime Minister Naftali Bennett is consulting with Health Minister Nitzan Horowitz and senior officials of his ministry following the increase in infection rates. The discussion presented the morbidity data in Israel as well as the morbidity situation in the world, with an emphasis on the focal points of the outbreak in China and Hong Kong. The discussion presented the information currently available on the BA2 strain and the combined strain of the Omicron. At the end of the discussion, it was decided that the obligation to wear masks in closed spaces would continue at this stage and be...

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Mar 16, 2022

A new era began? US Federal Reserve raised the interest rate by 0.25% - Israel might be next
182 Views Details

A new era began tonight in the financial world. After a long period in which most countries around the world had a particularly low level of interest rates, the US Federal Reserve raised the interest rate from 0 to 0.25% - to 0.25% to 0.5%, for the first time since December 2018. Despite previous estimates that the war in Ukraine could delay interest rate hikes - high inflation, resulting from rapidly growing consumption as the Corona crisis subsided, overcame the war and led to the beginning of US interest rate hikes. The implication of raising interest rates tonight in the leading...

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Mar 16, 2022

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