Government

 leading industrialists: the strength of the shekel - a disaster for export
2622 Views Details

by Ifi Reporter

Category: Government

More than 100 leading industrialists and hotel owners and managers gathered for a joint emergency conference of the Manufacturers' Association and the Israel Hotels Association on the subject of the dollar crisis, after the sharp drop in the dollar's exchange rate against the shekel. In the past year the strength of the Israeli Shekel severely damaged Israeli exports and the hotel industry in Israel. During the course of 2017, the dollar exchange rate fell by 8.5% against the shekel (!), And since the beginning of 2018 its rate has fallen by another 1.8%

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Jan 21, 2018

Export assistance will rise by 10%: 120 million $
2390 Views Details

by Ifi Reporter

Category: Government

The annual assistance tool of the Director of Foreign Trade was presented to the exporters' aid funds. "The Israeli economy is at its peak in recent years, the employment situation is the best in recent years, the Israeli debt is lower than in previous years

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Jan 25, 2018

Intel will invest in it's plant in Israel $ 5 billion by 2020
2360 Views Details

by Ifi Reporter

Category: Government

Intel will invest 5 billion $ in it's plant in Kiriat Gat. In a meeting held at the Ministry of Economy with the participation of Industry and Trade Minister Eli Cohen, Director General Shai Rinsky, Investment Authority Director Nahum Itzkovich and Chief Scientist Ami Appelbaum and representatives of Intel, CEO Yaniv Garti and plant manager Danny Ben Attar, The company intends to expand the production activity at its plant in Kiryat Gat, already during the current year, with an investment of $ 5 billion, which will be completed by 2020.

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Feb 21, 2018

New low: unemployment rate fell to 3.7%
Hundreds demonstrated all over Israel against corruption
The Reform of the Standards Institute is underway
Israel demands Facebook to remove terrorist relating content 12,000 times a year
The total budget for 2019: NIS 479.6 billion
2181 Views Details

by Ifi Reporter

Category: Government

The Knesset approved the the State Budget for 2019. 62 Knesset members supported the budget and 54 objected. The total budget - NIS 479.6 billion. This represents an increase of 4.3% compared with the 2018 budget and an increase of 24.9% compared with the budget of 2015. The forecast growth for 2019 will be 3.1%

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Mar 15, 2018

Israeli working week is shortened by 60 minutes to 42 hours
1589 Views Details

by Ifi Reporter

Category: Government

The working week in Israel is shortened by one hour and the next month will be 42 hours. This is in accordance with an order extending the decision to all employers in Israel as well. Minister of Labor and Social Affairs Haim Katz signed the extension order and the move was led by Histadrut chairman Avi Nissenkorn. The move to shorten the work week was made possible by a general collective agreement signed a year ago between Histadrut Chairman Avi Nissenkorn and the chairman of the business organizations Shraga Brosh.

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Mar 18, 2018

AIr-India flight passed Saudi air space and landed in Israel
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