Latest Articles

The new government has not yet been formed and the wave of prices is already being felt in Israel. The price increases are mainly reflected in the supermarket: egg prices will rise by 6.5%, according to the joint price committee of the Ministries of Finance and Agriculture. This is an increase of 6.25 agorot (the Israeli cent) for a large-sized egg (L) and 75 ag, an addition to a mold of a dozen eggs, which will cost from NIS 11.30 to NIS 12.05. This size makes up 50% of the market. The price of a mold of a dozen eggs of medium size (M) will increase by 75 ag from NIS 10.40 to NIS 11.15,...

Tuesday, the jury's selection phase for New York State's opioid lawsuit against Teva and another line of pharma giants, including Johnson & Johnson (JNJ) and Maxon (MCK), is set to begin. The purpose of the lawsuit is to prove that the companies took an active part in a false business conduct to make money, with the aim of receiving monetary compensation. Returning to the continuation of the legal proceedings is a turning point, which began with the plague, so quite a few proceedings stopped. Now that the U.S. is starting to get back to normal, not only will the trial in New York begin,...

Ahead of the formation of a new government in Israel, Knesset Speaker Yariv Levin announced that Yair Lapid had managed to form a government with Naftali Bennett, but so far has not determined when the vote will take place to approve the formation of a new government. Meanwhile, the coalition agreements between the parties are revealed. The cost of forming a new government, as reflected in the clauses of the coalition agreements published so far, is estimated at around NIS 20 billion a year for the state budget. The full agreements will only be revealed when they are laid on the Knesset...

The Bank of Israel has published an analysis of the housing market in Israel. Expenditure on housing services is the largest expenditure component of households, buying an apartment is the largest expenditure of most households during their lifetime, and apartments make up about 50 percent of their asset portfolio. Therefore, the rise in housing prices over the past decade has placed the housing market at the center of public discourse and government policy. All of these point to the importance of understanding developments in the housing market and the need for tools to analyze it. A...

The head of the General Security Service, Nadav Argaman, issued a stern warning about the extremism in the public discourse in recent times, and said that there may be people who will interpret certain statements as a call for physical harm. "The State of Israel regrets on its banner the principle of freedom of expression, this is an important and necessary principle in a democratic state," wrote Argaman, who did not coordinate the announcement with Prime Minister Benjamin Netanyahu. "At the same time, in recent times we have identified an increase and severe extremism in the violent and...

seems that the economy is emerging from the corona crisis, but it seems that many low-wage earners have not yet returned to work, and as a result, the average wage in Israel for Israeli workers soared to a peak of NIS 12,740 in March. This is an increase of 5.5% compared to February, when the average salary was NIS 12,079. Even the wages of foreign workers soared to NIS 7,045, an increase of more than 10% compared to the previous month, when their wages were only NIS 6,316. From data from the Central Bureau of Statistics (CBS), it can be learned that the preference of quite a few workers...

The Foreign Trade Administration at the Ministry of Economy and Industry will open a new economic diplomatic office in Abu Dhabi this summer, which will be a faith in the ties between Israel and the United Arab Emirates. The Economic offices will be a belief on behalf of the Ministry of Economy and Industry on strengthening trade and economic ties between Israel and the United Arab Emirates as well as on attracting foreign investment from the United Arab Emirates to the Israeli economy. Upon its establishment, this annex will join the system of economic annexes operated by the Foreign...

June 1 is a date that will undoubtedly be remembered in the history of the State of Israel's war on the corona virus: in light of the low and stable morbidity along with a successful vaccination campaign, the need for a green label will be eliminated from today (Tuesday). This means that after a year and three months of restrictions, closures and a variety of areas of life that have entered silence - life as we knew it is back. In enclosed spaces there is still a duty of masks, but most of the economy should today move to normal activity, with no occupancy restrictions, no need to display...

The OECD has published an optimistic forecast according to which the Israeli economy is expected to grow by 5% this year, and by 4.5% in 2022. Although current growth forecasts for the global economy (5.8%) and the countries of the organization (6.3%) are higher than for Israel, it is worth considering two additional data: The decline in Israel's GDP as a result of the corona crisis was lower than in the world and the West Of 3.5% and 4.8% respectively), but the expected growth rate next year is higher in Israel than in the rest of the world and the Western world (as mentioned, an increase...

The economy continues to recover. For the first time since the start of the Corona crisis, the percentage of unemployed in the Central Bureau of Statistics' expanding calculation fell from 10%, to 9.6% in the first half of May. The percentage of unemployed in the limited calculation used by the Treasury fell to 6.7%. This is according to data from the Labor Force Survey published by the CBS. However, it is likely that in the second half of May, in which Operation Wall Guard was conducted, the downward trend in the unemployment rate was halted