Financial

Marking the prices on stickers on products, which the marketing chains were required to do about 25 years ago, is one of their most hated obligations. Again and again, the networks tried to cancel the obligation, which they claim imposes heavy costs on them, and does not exist in any country except Israel. Now, it seems that the pressure of the networks is going to bear fruit. Next week, a memorandum of law (a draft of a government bill) will be published for public comment that will propose to cancel the labeling on the stickers, provided that the price appears on the shelf, next to the...

The scope of the use of digital wallets and smart watches reached a peak of NIS 3.2 billion in May: 2.7 times compared to its scope in May 2022, according to SBA data, which develops and manages the national credit card payment system in Israel. Two years ago, in May 2021, Apple Pay entered Israel and was the first international company operating in the field. In the months before that, a number of local digital wallets were operating, but the scope of use was only tens of millions, and when Apple Pay was introduced, the scope of use was only 150 million shekels

The state paid 550,000 dollars for the flight of Prime Minister Benjamin Netanyahu and his wife Sara to Paris in February - five times more than what is accepted for this route. Netanyahu had a meeting in the city with French President Emmanuel Macron but stayed there for the weekend - even though the meeting took place on Thursday evening. The unusual cost, which was first published in the "Aviation News" Facebook group, was due to Netanyahu's insistence on renting an expensive Boeing 777 model plane for the trip, which allows for the crossing of continents - and is not required for...

The bill proposing that the banks will be required to pay interest on the current account, which has already passed the committee of ministers and was supposed to go up for a preliminary vote in the plenary on Wednesday, is dropped from the agenda at this stage. Member of Knesset Yanon Azoulai (one of the bill's presenters), announced that "after consultation with Shas movement chairman Rabbi Aryeh Deri, Prime Minister Binyamin Netanyahu, and coalition chairman Ofir Katz, it was decided to wait with raising the bill, which would oblige the banks To pay interest on the current account...

The data of the Central Bureau of Statistics (CBS) show that the average salary for an Israeli salaried position in April of this year was NIS 12,622, an increase of about 4.7% compared to April 2022 - similar to the inflation rate. Thus the average salary for a salaried position at constant prices (deducted by the price index to the monthly consumer) decreased by 0.2% relative to April of last year and stood at NIS 10,874

After another quarterly loss, Bank Hapoalim decided to close its independent activity in Switzerland. The closure of the banking activity in Switzerland has been causing losses to the bank for some time, so in addition to the closure of the investigation in the USA, the bank decided to completely close the local activity. The bank today completed the delivery of its independent banking license in Switzerland