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Category: Government
The Employment Service expects Israel to end 2020 with about half a million unemployed. The labor market will take many years to recover from the corona crisis and the phenomenon of prolonged unemployment is expected to expand. This was stated in a report published on Sunday by the Employment Service. The authors of the report warn of a number of dangers in the current government policy that includes only assisting the unemployed without encouraging their return to the labor market and states that the policy encourages the taking of unemployment benefits. The Employment Service estimates...
Aug 23, 2020
Category: Government
In tens of thousands of homes in Israel, the joy of the holidays on Rosh Hashanah and Sukkot will be replaced this year by worry and feelings of uncertainty against the background of the economic distress caused by the corona crisis. A dive into the economic data paints a gloomy and sad picture of the situation of a large part of Israelis about a month before Rosh Hashanah. Nearly a million employees and the self-employed have lost their jobs, business owners who lose money even when the store and business are open, and tens of thousands staying in isolation, some of whom are sick in...
Aug 22, 2020
Category: Health
Bat Yam Mayor Zvika Brut has announced that entry to the city's beaches will be allowed to Bat Yam residents only for fear of infections in the corona due to overcrowding and congestion. The municipality said in a statement that "due to the high density that has been felt in recent weeks on the city's beaches and in particular on the separate beach, which does not allow for the maintenance of social distance rules, the mayor ordered an organized entry of residents from other cities." The municipality noted that on the separate beach, which serves the ultra-Orthodox public, there are...
Aug 21, 2020
Category: Health
Israel is the 30th country in the world with more than 100,000 people infected with corona: About six months after the first carrier of the virus was identified in Israel, in February, the Ministry of Health updated the epidemic data in the country, which shows that Israel now has 100,716 people infected. Yesterday, 1,496 new infections were diagnosed in Israel, and at midnight, another 889 infections were diagnosed today. Another 11 patients have died since midnight, and the total number of deaths now stands at 809. There are currently 22,122 active patients in Israel, 390 of whom are in...
Aug 21, 2020
Category: Financial
On Thursday night, Nanox completed the pricing phase of the initial public offering of its shares on Nasdaq. Nanox issued 9.18 million shares at a price of $ 18 per share - which was at the top end of the planned price range for the issue: $ 18-16 per share. Nanox, which raised the shares at a company value of $ 634 million before the IPO and $ 800 million after it, initially planned to issue 4.9 million shares. However, due to large excess demand of $ 1.5 billion, the volume of the offering has almost doubled. Nanox was founded in 2012 by entrepreneur Ran Polyakin, and raised $ 138...
Aug 21, 2020
Category: Capital Market
In the first half of August, the sixth month of the corona crisis, the consumer confidence index rose, referring to the expected change in the economic situation in the country in the coming year. Consumers do not seem to be considering the possibility of another closure this time and a predicted outbreak of the flu pandemic ahead of winter. Data released by the Central Bureau of Statistics (CBS) shows that in the first half of August, the balance sheet relating to the expected change in the economic situation in the coming year rose to 29, compared with 45 in the second half of July and 40...
Aug 19, 2020
Category: Government
1,721 public sector wage anomalies were identified among physicians last year. This emerges from the report of the wage anomalies to the public sector of the wage commissioner Kobi Bar-Natan regarding the activity of the enforcement unit in the last two years, which was published on Tuesday. About 62% of the employees who exceed the ranking of doctors are employed by Clalit Health Fund. During the past year a collective hearing was sent to doctors at this fund. In light of this, it was decided to classify them as alleged exceptions (all the anomalies identified in the past year and their...
Aug 18, 2020
Category: Government
The outline of the open sky for the return of civilian flights went into operation this morning (Sunday), but the road to the next vacation is still very far. A lot of hopes were hung on the deadline for the opening of the sky and the possibility of returning and flying - August 16th. Technically, the sky is not really closed to flights to and from Israel. Flights still appear on the airport's flight schedule and in fact they never stopped. However, the series of conditions that restrict passengers have made this activity extremely limited. Not only a ban on entry to Israel for passengers...
Aug 16, 2020
Category: Health
1,386 people infected with corona were identified on Friday. This is according to data from the Ministry of Health. This is a rate of about 7% of the total tests (about 20.7 thousand). So far, a total of 674 people have died in Israel since the outbreak of the plague. The hospitals hospitalize 387 patients in critical condition, of whom 116 are respirators. The death toll from the plague in Israel has risen by eight since midnight to 665, the Ministry of Health updates. 783 people are hospitalized: 375 in critical condition, including 108 respirators, and 158 in moderate condition. 931...
Aug 16, 2020
Category: Politics
On Saturday evening for the eighth week in a row, many Israelis demonstrated at bridges and intersections across the country in protest of the conduct of the government and its leader - Benjamin Netanyahu - regarding the economic crisis. Also, many thousands protested in front of the prime minister's residence in Jerusalem, under the headline "We are the hope - voting with our feet," and hundreds demonstrated near his home in Caesarea. One of the signs read: "When will you make peace between us?". At the same time, police announced that they had arrested a Hadera resident on suspicion of...
Aug 15, 2020
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