Financial

 "Israeli consumers are more pessimistic about their economic future"
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by Ifi Reporter

Category: Financial

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...

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Dec 10, 2019

42% of households in Israel been in an overdraft in the bank for at least one month
462 Views Details

by Ifi Reporter

Category: Financial

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...

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Dec 10, 2019

Bank Hapoalim in a long-term cooperation with Amazon strengthening Israel's global online commerce
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by Ifi Reporter

Category: Financial

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...

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Dec 24, 2019

CBS: Only 21% stated they felt that they were able to cover their household's monthly expenses
343 Views Details

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
434 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
381 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%
333 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
396 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
358 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
373 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

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