Financial

Now it's official. The Castro - Hoodies fashion group has concluded its collaboration with Kim Kardashian. Kardashian was recruited a year ago to promote the Carolina Laminated Glasses brand in the US. The collaboration with Instagram has been signed for two years and the company has been hoping that Kardashian will bring high traffic to the brand in the form of exposure to some of its 152 million followers on Instagram. However, the activity did not produce the expected results and Castro was not satisfied with the cooperation. Kardishan received $ 6 million from Castro and as the...

The average monthly gross income per employee from hired employment was NIS 10,584 in 2018, up 4% compared to 2017. Median income per employee is NIS 7,988, a real increase of 6.3% compared to 2017, according to data released on Monday by the Central Bureau of Statistics. . The average number of working hours per week is 40.9, and the average gross income per working hour is NIS 61.7. According to gender, 51.6% of employees are men and 48.4% are women. The average gross income per employee male is NIS 12,498 per month (and NIS 66.3 per hour). The average gross income per hired woman is...

The Central Bureau of Statistics data shows that in the past two months, Israeli consumers are more pessimistic about their economic future - a trend that is reflected in the negative rate of consumer confidence. Last November, the consumer confidence index stood at a negative 14%, compared with a negative 10% in October. Further, two of the sub-indices that make up the Consumer Confidence Index were aggravated: the expected change in the state of the economy, which stood at a negative rate of 19% in November, compared with 12% in September, and the expected change in the state of the...

42% of households in Israel that own a bank account have been in an overdraft account for at least one month during the past year (2018). This represents no less than 1.1 million households, comprising 4 million persons. This is according to a survey of household financial assets, published by the Central Bureau of Statistics (CBS). The survey, for the sixth consecutive year, has followed a fixed sample of about 4,000 households with about 12,000 persons over the years. According to the findings, about half (52%) of households with children have been over-drawn for at least one month in...

Bank Hapoalim announced a long-term plan for cooperation with Amazon on Tuesday, "with a view to strengthening Israel's position in global online commerce." Last week, a meeting was held in Tel Aviv between the bank's management, led by CEO Dov Kotler, and Amazon's global delegation led by Rotem Hershko, Amazon Global Manager. Amazon, and providing benefits to Bank Hapoalim credit card holders for shopping in close proximity to Amazon's major sales events. So far, the collaborations between the parties have been casual, and today the parties have signed regular cooperation for the next two...

15% of those employed in the economy aged 20 and over felt poor during the last five years (2018-2013), and 10% felt the same during 2018. According to data from the Central Bureau of Statistics. These are data collected as part of the CBS Social Survey across the country in 2018, which included interviews with approximately 7,450 people, aged 20 and over, representing about 6.5 million people. The findings indicate that despite the very high satisfaction of most employed persons in Israel - 88 % Said they were satisfied with their work - the proportion of employed people who were also...

Over the past few years, about 40% of all companies traded on the Tel Aviv Stock Exchange have distributed dividends to their shareholders, according to a survey conducted by analyst Yuval Tzuk of the TASE Research Department for 2014 to 2019. Of all companies that distributed a dividend, more than 80% (164 companies) Dividend classes regularly. Dividend distribution is a positive signal for investors about the company's profitability and transmits expectations about the future, while strengthening its position and image among investors. A situation where a dividend-dividing company does...

The aerospace industry's management continues to prepare for the issue, despite demands from the workers' committee that is delaying it. The management, headed by CEO Nimrod Shaffer, presented to the company's board of directors a long-term equity compensation plan for the aerospace industry, which will be implemented when the issuance of 25% of the company's shares is implemented. The remuneration program includes distributing shares to RSUs (shortening Restricted Share Units) that will mature over several years. The plan is in the approval stages of the Government Companies Authority and...

The State of Israel ended January with a budget surplus of NIS 5.9 billion. That's how the Treasury published. Among the reasons for the big surplus - managing the state through a temporary budget and higher than expected tax revenues. According to the Treasury announcement, government spending in January reached NIS 27.7 billion. January's state revenues were pleasantly surprised and reached NIS 33.6 billion, a figure that reflects a nominal increase of 11.9% compared to January 2019. This is a figure that could indicate improvement in economic activity, however, as today's senior deficit...

The Bank of Israel monitors developments in the financial markets, in Israel and in the world, and on policy measures by central banks around the world. This is in light of the spread of corona virus in the world and in Israel. On Saturday, the number of people infected with the virus rose to 25. Last week, the weekly monetary committee * chaired by the Governor. The Research and Markets Division presented the latest developments, updates to growth forecasts around the world, and estimates of potential impacts. The committee discussed, among other things, the steps taken by other central...