Articles by January, 2023

The privatization of the Haifa port has finally been completed, which will enrich the state coffers by a little less than NIS 3 billion, and approximately NIS 1 billion to the Haifa Port Company, when the "Adani Gadot" group transferred the payment. Thus came to an end a long and complex process of privatizing the port of Haifa, the first port in the State of Israel. The group, which consists of the company Gadot Mesofim for Chemicals (1985) Ltd. and the Indian company Adani Ports and Special Economic Zone Ltd., owned by the third richest man in the world, Gautam Adani, successfully...

The investors are disappearing, the apartment buyers are sitting on the fence, the supply of subsidized apartments has decreased, and on the streets you can already feel the drop in prices. This is according to the review of the real estate market in November, published by the chief economist at the Ministry of Finance. The declines in apartment sales and the signs of the approaching crisis in the industry - which began already in the middle of last year - have so far not affected the price indices of the apartments which continued to rise, at least until last September. The main factor...

In 2021, 1.95 million poor people lived in Israel, including 853.8 thousand children and 212.4 thousand people of retirement age. This is according to the National Insurance data, as part of the annual poverty report published on Thursday morning. The report shows that in Israel every fifth person is defined as poor. This is an increase compared to 2020, when there were 1,877,594 people below the poverty line in Israel, but this increase was mainly caused by the increase in the "poverty line" itself, and this is due to the increase in the standard of living after the first difficult year...

The Knesset committee approved the recommendation of the public committee for determining the salary for Knesset members, according to which the salary of Knesset members should be increased by 5.1%, instead of the automatic update of 12.5% in accordance with the increase in the average salary in the economy

The number of people employed in the economy in December 2022 reached 4.25 million - an increase of about 40 thousand jobs compared to November of the same year. Although there was a slight increase in December in the unemployment rate to 4.3%, it was mainly caused by the effect of the increase in the participation rate in the labor market. The data were published today (Monday) by the Central Bureau of Statistics

The founder and CEO of the high-tech company Papaya Global, Einat Gaz, announced this morning (Thursday) that she has decided to take all of the company's money out of Israel following the promotion of the legal reform. "There is no certainty that we can conduct international economic activity from Israel, this is a painful but necessary business step." . According to Gaz: "Following Prime Minister Netanyahu's statements that he is determined to pass reforms that will harm democracy and the economy, we made a business decision at Papaya Global to withdraw all of the company's funds from...