Articles by March, 2022

Corona also hit Israel Post: The company posted a net loss of NIS 643 million
655 Views Details

by Ifi Reporter

Category: Financial

Israel Post today (Monday) approved the financial statements for 2021, against the background of the advanced negotiations for a recovery plan with the Workers' Committee. The reports show that the company is facing a loss of no less than NIS 175 million, after the company recorded a huge loss of NIS 643 million in 2020, 383 of which were set aside for expenses for retirement

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Mar 28, 2022

 Avigal Soreq is leaving his position as  CEO of El Al after less than two years
178 Views Details

When Avigal Soreq was appointed CEO of El Al in January 2021, he explained that as a Zionist, he felt the need to meet the challenge of rescuing the national airline and was even willing to absorb a dramatic drop in his salary compared to the salary he received as VP of US Delek. 14 months have passed since then and when he submitted his resignation today (Monday), other songs were heard from Whistler. Sorek explained that in recent days he has received an offer to be appointed CEO of a US $ 1.5 billion-traded Delek Street company. To Delek US where he grew up and worked for 10 years,...

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Mar 28, 2022

Starting May May 3,600 IEC employees will be allowed to work from home 2 days a week
105 Views Details

Starting this May, some 3,600 IEC employees will be allowed to work from home regularly for two days a week. This is according to an agreement signed between the Electric Company, the person in charge of wages at the Ministry of Finance, the Companies Authority and the workers' organization. According to the agreement, those employees whose work allows it will be allowed to work from home (subject to corona status), when one of the two days will be mandatory and the company's sites will be closed for efficiency reasons. On the other working days of the week, the employees will come to the...

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Mar 28, 2022

Bank of Israel warns of the gap between the growth in high-tech and the rest of the economy
101 Views Details

The Bank of Israel's's annual report shows that after two years of uninterrupted economic activity in the corona crisis, it can be declared that in most areas, the economy has overcome the negative effects of the plague. It is now possible to resume the discussion of the fundamental problems of the economy. This is what the Bank of Israel's economists do in their annual report, whose edition for the 2021 summary was published on Tuesday. The Bank of Israel report, which is one of the most important publications on the state of the economy and its challenges, gives a special place to the...

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Mar 29, 2022

Disney+ is in Israel at a cost of NIS 69.90 per month - much more expensive than in the US
135 Views Details

Positive news for Israelis: Disney + will be launched in Israel on June 16 and will be cheaper than Netflix's most expensive package. It is an international streaming platform that offers content such as movies from Disney, Pixar, Marvel, Fox, FX, National Geographic, and Star Wars, among others. The company said that "Disney + subscribers will have access to high quality viewing for up to four devices simultaneously, an unlimited number of downloads for up to ten devices, and the ability to set up to seven different profiles, including a child profile

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Mar 29, 2022

3 Israelis and 2 Ukraine's were murdered by a Palestinian terrorist in the city of Bnei-Brack
139 Views Details

by Ifi Reporter

Category: Law

Five people were killed on Tuesday evening in a terrorist attack in Bnei Brak and Ramat Gan, the third in Israel in a week. A terrorist was killed by gunfire, and suspicion was investigated that another terrorist was working with him. Tonight, Prime Minister Naftali Bennett will hold a security consultation with the defense minister, the chief of staff, the commissioner, and the head of the Secret service. It appears that the terrorist came from the west bank. A first investigation reveals that the attack took place in two scenes. Five people were killed in a terrorist attack in Bnei Brak...

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Mar 29, 2022

 Teva reached an agreement with Florida - will settle all the lawsuits regarding Opioid affair
585 Views Details

by Ifi Reporter

Category: Health

Teva is stepping up the pace of arrangements to resolve lawsuits hovering over its head regarding its involvement in the narcotics (opioid) painkiller affair, which has resulted in the deaths of 500,000 Americans in the past 20 years. Teva, which is managed by Kor Schultz, has reached an agreement with the Attorney General of the State of Florida and all the arms of the administration, which will settle all the lawsuits filed by the administration against Teva in the opioid case. Under the arrangement, Teva will pay Florida $ 177 million over 15 years, and will provide Florida with the...

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Mar 30, 2022

Rafael: in 2021 sales amounted to almost NIS 10 billion and net profit to  NIS 431 million
128 Views Details

by Ifi Reporter

Category: Financial

Rafael announces its financial results for 2021, as approved at the company's board meeting, with sales of NIS 9.931 billion ($ 3.075 billion) and a net profit of NIS 431 million. For the first time, the company consolidated the reports of its subsidiaries Aeronatics and Controp. At the end of the 2021 work year, Rafael CEO Yoav Har-Even said: "2021 was a very successful year in all areas of the company's operations, which were also reflected in the impressive financial results despite objective challenging parameters, such as the continued effects of the corona plague on the economy

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Mar 30, 2022

Fuel price will rise Tonight to an historic high --  NIS 7.44 a liter, NIS 1.07 increase in 3 months
174 Views Details

by Ifi Reporter

Category: Government

The price of fuel in Israel continues to rise and tomorrow night between Thursday and Friday, a liter of self-service 95 octane fuel will cost another 39 agorot for a price of NIS 7.44. This was announced this morning by the Ministry of Energy. Despite the continued rise in price, the Ministry of Finance insists on not reducing the particularly high tax on fuel. This is the third consecutive monthly increase in the price of fuel (NIS 1.07 in three months), which will be NIS 1.40 higher than its price in April last year. By the way, the last time the price of fuel was more expensive than...

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Mar 31, 2022

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