Financial

CBS: Only 21% stated they felt that they were able to cover their household's monthly expenses
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by Ifi Reporter

Category: Financial

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...

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Dec 29, 2019

40% of all companies traded on the Tel Aviv Stock Exchange have distributed dividends
583 Views Details

by Ifi Reporter

Category: Financial

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...

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Jan 15, 2020

IAI prepares for the issue of 25% of it's shares: employees will received Restricted shares
543 Views Details

by Ifi Reporter

Category: Financial

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...

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Jan 29, 2020

 Managing the state through a temporary budget  which limits spending led to deficit drop to 3.2%
513 Views Details

by Ifi Reporter

Category: Financial

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...

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Feb 5, 2020

Strong basic economic data increase the resilience of the Israeli economy to Corona implications
548 Views Details

by Ifi Reporter

Category: Financial

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...

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Mar 7, 2020

Fashion companies have started taking thousands of workers on vacation without pay
497 Views Details

by Ifi Reporter

Category: Financial

Today, all malls will close and, following their closure, the fashion companies have started taking workers on vacation without pay The Castro chain announced a complete shutdown of its operations except for online sales. Six thousand network workers were taken on leave pending a new announcement Hamashbir Consumer Network will also suspend its operations in the branches until after Passover. Hamashbir's employees will also go on vacation without pay. Our correspondent Amit Tomer says that the industry estimates that today more companies will announce a similar move

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Mar 14, 2020

The directives  announced by P.M  Netanyahu  will lead to a NIS 45 billion damage to the economy
539 Views Details

by Ifi Reporter

Category: Financial

The directives announced by Prime Minister Benjamin Netanyahu and Finance Minister Moshe Kahlon in the shadow of the krona crisis will lead to a NIS 45 billion damage to the Israeli economy. That's how the chief economist of the Treasury, Shira Greenberg, estimates. Greenberg states that the measures announced to combat the spread of the Corona epidemic are expected to bring about a decline in GDP, estimated at about NIS 25 billion (representing about 1.6% of GDP). In addition, Greenberg estimates that the decline in GDP as a result of the measures announced until last weekend, alongside...

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Mar 16, 2020

Melisron reported a cut in executive and board wages in light of Corona
501 Views Details

by Ifi Reporter

Category: Financial

Melisron reported a cut in executive and board wages in light of the Corona crisis and damage to the company's operations. According to the report, Chairman of the Board Liora Ofer is giving up monthly benefits; the CEO and VP will absorb a cut of 20% of their salary; Melisron is a mall company, and as such, is exposed to the country's guidelines most acutely. The company noted that the directives - which include shopping malls and entertainment venues, including restaurants and cafes, and reducing access to workplaces - led to the closure of most stores in the company's malls. This is...

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Mar 17, 2020

Manufacturers demand from the government assistance that will amount to NIS 12 billion
502 Views Details

by Ifi Reporter

Category: Financial

The Treasury has declared that an economic plan will be presented tomorrow. Against the backdrop of the statement, business organizations have passed on their demands to the Treasury, including the Manufacturers' Association, which has held meetings of the industrialists throughout the day, led by the association's president, Ron Tomer. Manufacturers presented the Treasury with their plan for saving and accelerating the economy as the crisis ended. They continued to negotiate on both fronts that are leading the economic crisis, and also met with representatives of the National Security...

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Mar 23, 2020

"Without health there is no economy but without economy there will be no health"
449 Views Details

by Ifi Reporter

Category: Financial

"Without health there is no economy but without economy there will be no health." This is what the Governor of the Bank of Israel, Professor Amir Yaron, said today at a special press conference he initiated, aimed at presenting a recent snapshot and explaining the policy steps the bank has taken in recent days. "When the crisis ends will depend primarily on the world's ability to overcome the virus. However, it is the right policy that will dictate the rate of crisis exit and determine the size of its vulnerability. Our ultimate goal is to support the economy and society to help the...

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Mar 24, 2020

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