Financial

Osem-Nestle has published a document to the food chains about the expected move in which product prices will rise in the various catalogs of the company's brands. In the document, Osem clarified that it intends to raise prices by more than 5% for all products. At the same time, Osem Nestlé clarifies that the "Materna" brand products will not be included in the price change round and will remain at their stated prices today. Osem is one of the three largest companies that hold the largest market shares of food products in the country, with 7.5% of all products marketed in the country. In...

The Audit Committee and the Board of Directors of the Renewable Energy Company, Meshek Energy, approved the agreement under which the kibbutz economies will purchase 40.6% of the shares of Dalia Energies, which operates one of the largest conventional power plants in Israel, at a company value of NIS 3.18 billion. This is in exchange for the allotment of 68% of its shares at a company value of NIS 623 million. As part of the deal, Energy Farm, managed by Chen Melamed, will also acquire 50% of the shares of Mi-Ram, a company that distributes and supplies electricity in the kibbutz sector -...

The report of the Wage Commissioner relating to the health system in 2020 reflects well not only the main health development of that year - the corona plague - but sheds light on the structural problems of the most complex system in the public sector. The clear conclusion from 2020 is that the Israeli government has significantly increased Not only the number of employees in the system but also their salaries. In other words, the government has significantly increased inputs to health. The corona has only increased the jump, as the trend is clear when looking at the system over a period...

Food giant Osem is not content with raising consumer prices to improve profitability. The company plans to reduce the salaries of the sales force division. This is a division of more than 100 employees and is responsible for sales in the amount of NIS 4 billion. Yesterday morning, the brigade's workers decided to strike a warning strike with the approval of the Histadrut and did not go to work in the field. Chairman of the Trade Division Workers' Committee, Shlomi Aviv, said that "the company wants to cut our sales component by 20%, so we stopped the work. For years we have hired including...

The Competition Authority approved the transaction for the acquisition of control of Partner by the Gabay, Rodev and Phoenix Groups. This removed another obstacle although expected to complete the transaction. Avi Gabay, Shlomo Rodev, Phoenix, Menora and Mori Arkin buy 27% of the communications company Partner from Hong Kong Hutchison for $ 300 million. The group is now waiting for a permit from the Ministry of Communications to complete the move. The estimates in the capital market are that the group will not have difficulty obtaining the permit from the Ministry of Communications and...

The Histadrut provides El Al with additional assistance in the amount of NIS 10 million, through the Histadrut-owned business assistance fund. Avi Edri, the trustee of the Histadrut's a transportation and aviation portfolio, admitted in a conversation with Ynet that this is a rare amount of assistance. He said: "There are factories that turn to aid and we find that they can survive without us - so they do not receive aid, but that is not the case with El Al. If we did not support the company, it would have closed. This is the company that has been hit the hardest

The Knesset plenum approved on second and third reading the bill to finance the isolation fee for the self-employed, submitted by Finance Minister Avigdor Lieberman at the request of the self-employed organizations and the chairman of the Labor and Welfare Committee, MK Efrat Reitan. Twelve MKs supported the proposal without opponents. This is after ministers Lieberman and Yair Lapid and MK Reitan yesterday agreed on the payments for the government's participation in financing the self-employed's expenses during the isolation days

A day after the announcement of the signing of a memorandum of understanding between El Al and Arkia, it seems that the completion of the move faces significant obstacles. Among EL AL employees, there was unequivocal opposition to the outline of the emerging agreement that would allow Arkia employees to hold EL AL shares. According to the agreement, the merger between El Al and Arkia will be done by an exchange of shares, so Ask Al will acquire full ownership in Arkia in exchange for allocating 10% -14% of its shares after the merger to Arkia owners: the Nakash family (70%) and a strawberry...

During January, there was a noticeable decline in business activity in Israel. Ruthi Bank Automated announced that there was a decrease of nearly 12% in credit card expenses in January - in the expenses of Israelis in businesses. In contrast, there was an increase in expenses in online transactions, which brings the monthly decrease compared to December to only 3.3%. There was also a decrease in the withdrawal of cash from ATMs, at a rate of about 12%. What is more interesting is the fact that this is the third month in a row that such a decline has been recorded, which may indicate a...

The economic blow that Russia will suffer from the sanctions will cause sub-shocks, because the global economy is very integrated today. Even overseas vacations will increase as a result, due to rising prices for insurance, jet fuel, and a possible shortage of flights. We may be able to give up the neighborhood baker's cookie box after it becomes more expensive, The military - wherever we turn. Inflation is an economic phenomenon that has been almost completely absent from the world for three decades. Captivation is worrying - it erodes the value of money and income of employees....