Articles by July, 2023

Dairy Council to High Court: Cancel Duty on Milk Imports imposed by the finance minister
616 Views Details

by Ifi Reporter

Category: Government

The Dairy Council has filed a petition with the High Court challenging the recent decision made by Finance Minister Bezalel Smotrich to cancel the duty on milk imports for a period of three months. The Council is seeking an injunction against the move or, alternatively, an urgent discussion on the issue of canceling the duty on milk, which would allow for the import of milk into Israel for the first time

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Jul 17, 2023

Wage Agreement was Reached in Public Sector - Finance minister and Histadrut Chair signed
671 Views Details

by Ifi Reporter

Category: Government

In a joint press conference held today, Minister of Finance Bezalel Smotrich and Chairman of the Histadrut Arnon Bar David announced the final signing of a new wage agreement for the public sector, following months of negotiations. The agreement also addressed concerns regarding the progress of legislation aimed at weakening the justice system. However, this announcement was made without the presence of journalists, highlighting the mounting pressures on the Histadrut to shut down the economy in protest

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Jul 17, 2023

Business Forum Threatens Economy Shutdown Over the Controversial Legislation
526 Views Details

In a dramatic move, the influential Business Forum, consisting of 76 senior businessmen, has announced its intention to shut down the Israeli economy in protest against the continuation of controversial coup d'├ętat legislation. The decision, made during a meeting of top economic officials, reflects deep concerns regarding the potential ramifications of the legislation

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Jul 17, 2023

Stoa Israeli-American Real Estate Start-up laid off most of its employees - only 20 stayed
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by Ifi Reporter

Category: Financial

Stoa, an Israeli-American start-up company specializing in real estate solutions, has recently announced significant reductions in its activities. The company has laid off most of its employees, with only about 20 individuals remaining out of its original workforce of approximately 100 employees. Stoa, which has not hired workers in Israel since the COVID-19 pandemic, is also halting its expansion and development efforts and is exploring offers to sell its assets and operations. The company currently owns hundreds of real estate properties in the United States

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Jul 18, 2023

 turn of events:  Electric Company cancels the purchase of the Eshkol power plant
825 Views Details

by Ifi Reporter

Category: Government

In a significant turn of events, sthe Electric Company announced the cancellation of the tender for the purchase of the Eshkol power plant in Ashdod. The tender was a pivotal part of the government's ambitious plan to privatize the electricity sector, but it encountered unforeseen challenges. During the bidding process, one of the bidders, the Dalia Group, put forward an impressive offer of over NIS 12 billion for the power station, surpassing all expectations. However, it was later revealed that the winning bidder was unable to fulfill the terms of the deal, creating an uncertain...

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Jul 19, 2023

Bank of Israel Introduces New Regulation to Streamline Mortgage Recycling Process
284 Views Details

by Ifi Reporter

Category: Real Estate

In response to the growing trend of "mortgage recycling" and the challenges customers face when refinancing at the same bank, the Bank of Israel has announced a new regulation aimed at simplifying and expediting the process. This groundbreaking directive, set to take effect next year, seeks to revolutionize the mortgage consulting field and alleviate the frustrations faced by borrowers

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Jul 19, 2023

OECD report: "50% of Israelis have deep concerns about their ability to finance essential expenses"
338 Views Details

by Ifi Reporter

Category: Financial

In a recent survey conducted by the Organization for Economic Cooperation and Development (OECD), Israel emerged as one of the countries with the highest rate of support for government intervention in dealing with the cost of living crisis. Among the 27 member countries of the OECD, Israel ranked fourth, with a staggering 83% of participants believing that the government should play a role in addressing the rising costs of living

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Jul 20, 2023

 Knesset's Constitution Committee Approves Bill to Abolish Reason for Reasonableness
474 Views Details

by Ifi Reporter

Category: Politics

The Knesset's Constitution Committee, chaired by MK Simcha Rothman, approved last night by a majority of nine supporters against seven opponents the text of the law to abolish the reason for reasonableness, ahead of a second and third reading in the Knesset plenum. The discussions in the Constitution Committee lasted many hours, with tens of thousands of votes and countless confrontations. What are the next steps Now, and when is the final approval expected to put the bill into the law book?

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Jul 20, 2023

Defence Minister Galant Seeks to Postpone Critical Vote Amid Fears on Military Competence
573 Views Details

by Ifi Reporter

Category: Government

The Political crisis: Defense Minister Yoav Galant has expressed concern over the potential harm to the military's competence and Israel's security amid ongoing protests. The Knesset is set to vote on canceling the principle of reasonableness next Monday, a move that could prevent the government's decisions from being invalidated on grounds of reasonableness. However, the proposed change has sparked widespread opposition

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Jul 22, 2023

Disruption days: 500 thousand Demonstrators Sweep Across Israel against the legal reform
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by Ifi Reporter

Category: Politics

Masses of protesters took to the streets across Israel on Thursday evening in dozens of locations as part of a "Night of Resistance" organized by protest leaders. The demonstrations were in response to the proposed legislation being promoted by Prime Minister Benjamin Netanyahu's government, which has sparked widespread opposition and concerns over potential threats to Israeli democracy

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Jul 22, 2023

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