Government

The Political Security Cabinet decided to establish a foreign investment oversight body for the Israeli economy, as Finance Minister Moshe suggested, as the committee window be the responsibility of the Ministry of Finance. It was decided that the committee would not deal with high-tech investments. The establishment of the commission may be related to the government's pressure on Israel in light of China's investment in infrastructure projects in Israel. The committee will be accompanied by senior representatives from the Ministry of Finance, the Ministry of Defense and the National...

The new Prime Minister's plane took off this morning for a first test flight, a plane held by the pilot of the IAA pilot. The flight lasted between two and three hours, during which time the airplane systems were examined. This is the first test flight of a series of flights and further tests to be conducted later. Last Thursday, the plane, worth NIS 729 million, performed a convection test according to the test flight preparation protocol. In this convection test, hydraulic systems, brake systems, and ground steering systems were examined. During the preparation for the first run, light...

In the coming years, government agencies are expected to contract with many foreign companies through 100 infrastructure and energy tenders, whose total value is estimated at NIS 200 billion. The Ministry of Economy said today that the call made by Minister Cohen to his colleagues in the government that the need to require government-awarded companies to implement reciprocal procurement in these auctions stems from the evasion of government entities from the obligation on foreign suppliers to reciprocate in the Israeli economy. During the cabinet meeting, the head of the Industrial...

The government's plan to renovate buildings to strengthen them and allow them to withstand earthquakes A plan known as the "TAMA 38" expires in May 2022, but will only finish completely in 5 years because local municipalities who wish to keep the plan going can follow the plan until May 2025. Provided they advance A local plan for urban renewal program which was recently approved. Head of National Housing and National Planning and Building Council Chairman Ze'ev Bielski: "After countless discussions and thinking, I welcome the extension of the 38th TEMA for a three-year termit. IT is a...

For the second time in a year, the Administrative Court canceled a plan to build 3,000 apartments southeast of Ashdod Port, which was twice approved by the National Planning and Building Committee and promoted by the Israel Lands Authority. This is a huge plan to build a new neighborhood known as Lachish Park, on a 612 acre site where Ashdod's new football stadium is to be built. The ruling will force the state to appeal to the High Court or completely cancel the plan. At the beginning of the year, the Be'er Sheva Administrative Court received a petition from the Manufacturers...

Israel Aerospace Industries earnings increased in the third quarter of the year, to $ 32 million, compared to a net loss of $ 21 million in the corresponding quarter last year, according to the company's financial statements for the third quarter of the year. The reports show that the IAA's operating profit increased by $ 42 million in the last quarter, compared with an operating loss of $ 19 million in the corresponding period last year. In the last quarter, IAI sales totaled more than $ 1 billion, an increase of almost 17 % Compared to the corresponding quarter in 2018. The IAI says...

The cessation of train traffic between Hadera and Herzliya from Wednesday night until Sunday morning significantly affected the northern residents who work in the center of the country, who had to decide this morning whether to fight traffic jams or stay home. Many residents complained about the situation, claiming they were under siege. The closures of Netanya, Netanya-Sapir, Beit Yehoshua and Caesarea-Pardes Hana are being carried out as part of an annual maintenance program, which will include upgrades and replacements of parties and devotees, whose job is to divert the train from one...

On Sunday, the OECD released a new report on ways to reduce the congestion of traffic in Israel. In recent months, the issue of congestion fees has returned to public discourse, and as the new Transport Minister at Bezalel advances steps to reduce road congestion in favor of public transport, the new report provides insights and conclusions about the effectiveness of the block toll systems and their use in various cities around the world, In Milan, Singapore and Stockholm congestion fees have significantly reduced the load, and New York is now also planning a similar program

A complete collapse in the achievements of Arab education in Israel. This is the picture that emerges from the PISA 2018 exam grades for 9th graders. In the three areas of the test, Arab students achieved a decline, as well as peak gaps between Hebrew and Arabic students, with the average gap being 124 points. 54% of Arab students were classified as having difficulty in all three areas together, compared to only 12% among Jews. The gaps between strong and weak students in Israel are also highest in all the countries examined in all three subjects. The findings are particularly difficult in...

The Israeli economy grew by 3.3% in 2019, a slightly higher rate than forecast - the Central Bureau of Statistics published on Tuesday. According to a preliminary estimate for 2019, gross domestic product increased by 3.3% during the year compared to 2018, followed by a 3.4% increase in GDP in 2018 and a 3.6% increase in 2017. The CBS figures also indicate that the government and Social Security deficit stood at 3.54% of GDP in 2019, which is about NIS 50 billion. For example, last year the government deficit reached 3.19% according to the CBS, compared to 2.9% according to the Treasury...