Articles by January, 2023

2023 welcomes Israel with a wave of price increases for products and various services
297 Views Details

by Ifi Reporter

Category: Financial

Today, January 1st, every Israeli citizen will feel a wave of price increases for products and services that has not been seen in years, such as at the beginning of the civil year. Today, the salaries of Knesset members and other senior officials are also expected to increase, at a high rate of up to 15%. The final rate will be determined at the beginning of the month, after the publication of the average wage in the economy in the relevant months. The Public Dress Committee recommended raising the salaries of Knesset members by only 2% and attaching all senior public sector officials to...

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Jan 1, 2023

Israel Postal Company is raisings: packages deliveries within Israel will rise by 25%
790 Views Details

by Ifi Reporter

Category: Government

The Israel Post is joining the wave of price increases and raising the prices of some services within Israel and Israel abroad: packages within Israel and from Israel abroad, stamps, registered mail and Post 24. Regarding the packages, it was stated that "there is no effect on the costs of shipments that arrive in Israel from shopping sites from abroad - This is about an increase in letter and shipping rates in Israel and Israel abroad." At the same time, the increase in the price of parcel delivery within Israel may increase the price of deliveries within the country of Israeli online...

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Jan 2, 2023

AMDOCS IS LAYING OFF 700 EMPLOYEES 100 OF THEM IN ISRAEL - ABOUT 3% OF IT'S WORKFORCE
1019 Views Details

by Ifi Reporter

Category: Hitech

Amdocs is reducing its workforce by 3%. about 700 employees will be laid off, of which 100 are in Israel. Amdocs is known as someone who is in a hurry to "pull the trigger" when it comes to manpower. Due to Corona, it laid off 1,000 of its 25,000 employees worldwide, of which several hundred are employed in Israel. Amdocs, which develops software for the communications market, is now embarking on a global cutback. Amdocs currently employs 5,000 people in Israel and company officials point out that it continues to recruit employees and has quite a few open positions at the same time as...

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Jan 2, 2023

 Bank of Israel decided to raise the interest rate in the economy by 50 basis points to 3.75%
255 Views Details

by Ifi Reporter

Category: Financial

Bank of Israel announced on Monday another interest rate increase and the seventh in a row, at a rate of 0.5% - in accordance with the upper range of the estimates. In doing so, the basic interest rate in Israel will rise to 3.75% and the prime interest rate will rise accordingly to 5.25% - the highest since 2008. Meaning: an additional increase in the price of a large part of the loans, of the interest on the minus and of the part of the mortgages that is adjacent to the prime rate

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Jan 2, 2023

P.M Netanyahu met with finance minister and economy minister to discuss prices surge
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Last night (Monday) a first working meeting was held at the Prime Minister's Office between Benjamin Netanyahu and Minister Bezalel Smotritz. In part, their individual advisors participated, but for an entire hour Netanyahu and Smotrich sat alone and discussed the state of the economy face-to-face and made a first assessment of the situation in relation to the economic measures to be taken in the areas of rising prices in the economy and rising apartment prices. For the first meeting, the senior finance officials were not invited, including CEO Ram Blinkov, head of the budget department...

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Jan 3, 2023

Salesforce joins Kaltura and announced that they are laying off dozens of employees
1006 Views Details

by Ifi Reporter

Category: Law

Salesforce joins Kaltura and both announced that they are laying off dozens of employees. The cloud software giant will lay off about 10% of its workforce worldwide and close several offices, as part of a restructuring plan. Calcalist learned that the layoffs also reached the company's local branch in Israel, which began summoning employees for a hearing. The number of those laid off in Israel is still unclear, but it is estimated that there will be dozens of workers

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Jan 4, 2023

Alert: Israel Government is on rout of canceling the independence of the legal system
238 Views Details

by Ifi Reporter

Category: Financial

First step on the collision course between the Israeli government and the judiciary system - on the way to canceling the reason for reasonableness and enacting the superseding clause by a majority of 61. Justice Minister Yariv Levin (Likud) held a press conference in the Knesset this evening (Wednesday), where he presented the main points of his legal reform. Several key sections of the reform focus on weakening the judiciary and the Supreme Court

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Jan 4, 2023

 Thousands demonstrated  against Netanyahu's legal reform - Judge Barak: String of poison beads
513 Views Details

by Ifi Reporter

Category: Health

Thousands of people demonstrated on Saturday evening in Tel Aviv against the new government led by Benjamin Netanyahu, among other things in protest of the reform of the judicial system that it intends to promote. At 7:00 p.m. they gathered in the Habima Square and from there they marched around the city to the Tel Aviv Museum plaza. "All the opponents of the coup d'état carried out by the criminal government, which threatens to harm all citizens of Israel wherever they are, have gathered," the organizers of the demonstration said

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Jan 7, 2023

Transportation Minister Regev:  On Shabbat only work related to supervision will be carried out
666 Views Details

The new Minister of Transportation, Miri Regev, met earlier today (Sunday) with senior officials of the Ministry of Transportation and Israel Railways to discuss work on the railroads on Saturday. Regev said that on Shabbat only work related to supervision will be carried out, and asked to present additional solutions to reduce work on the track on Shabbat. Last night, those around the minister also claimed that despite the request of the minister of housing and Torah Judaism chairman Yitzhak Goldknopf to stop the works on Shabbat, they will continue.

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Jan 8, 2023

 Harel Investments Insurance and Finance wants to acquire Isracard credit card  for NIS 2.72 billion
480 Views Details

by Ifi Reporter

Category: Banking

Towards a huge deal in the credit market? The Harel Investments Insurance and Finance Group, controlled by Yair Hamburger, submitted a proposal this evening to the board of directors of the Isracard credit card company for the acquisition of full ownership in Isracard (100%) - the largest company in the credit card industry in terms of the number of active cards and the scope of its credit card usage

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Jan 8, 2023

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