Latest Articles

The average monthly income of the upper decile is 12 times greater than the income of the lower decile - according to a report from the Ripple Center, published Wednesday, which shows an increase in income gaps between the rich and the poor. In addition, the report shows that most rental income goes to the top deciles and that the middle class in Israel is the smallest in the OECD countries. According to the report, in 2018, the average gross income of households headed by an employee was NIS 66,584 in the top decile - compared with 5,501 in the lower decile only. In the last three years,...

Just less than a month ago, Avi Gabay signed a collective bargaining agreement with the workers' committee, which his predecessor, Nir Stern, failed to advance in a few months. Gabay realized he had no choice - if he didn't rush to sign a deal, his competitors could be ahead of him and sign a merger deal and weaken Cellcom. The company offered Golan NIS 720 million (including a NIS 130 million debt waiver) and, according to market officials, is expected to return the investment in three years. Cellcom is actually streamlining. Today it spends tens of millions on customer recruitment and...

Seagate a leading manufacturer of storage and data management solutions in the world, officially opening the Lyve Labs Innovation Center in Israel. The goal of Seagate Lyve Labs in Israel is to collaborate with high-tech companies and enable innovation through simple, secure and effective means of working with databases and large amounts of data. This giant international initiative will enable the smooth flow of information across various systems and optimize their business value in-flight as well as at-rest

Flywire has officially announced the acquisition of Israeli startup Simplee. It's Founder and CEO Tomer Shoval will be named Senior Vice President for Sales, Business Development and Strategic Accounts at Flywire. At the same time, Flywire announced the completion of a new $ 120 million round of funding led by Goldman Sachs, which will support the acquisition in part. "The acquisition is accelerating the digitization of payments to address the challenges associated with patient engagement and funding in the medical market," the statement said. "By integrating the Playwire platform with...

Global travelers took on average six trips in the last year according to Agoda, one of the world’s fastest growing digital travel platforms. Agoda unveils insights from its Global Travel Usage and Attitude Survey, as it announces plans to expand in Israel ahead of its participation in the 26th International Mediterranean Tourism Market (IMTM) event in Tel Aviv. In Southeast Asia, where Agoda is headquartered, the number of trips annually is seven, compared to travelers from United Kingdom, United States and Australia who traveled four times in the past year. Meanwhile in Israel, people...

The government approved the construction and housing minister Yifat Shasha Biton's proposal to extend his stay in Israel to 1,700 Chinese construction workers. According to the decision, which is intended to prevent damage to construction and infrastructure projects in Israel. The workers' residence permit will be extended until the end of June 2020 following the postponement of the arrival of new workers from China following the virus. The worrying outbreak in China of the Corona virus that has infested thousands of people and has already taken the lives of hundreds of victims,...

The Ministry of Communications has issued a call calling for the removal of public telephone positions in the public space and reducing the obligation to install them. Today there are about 9,500 public landline telephones scattered in the public domain. In comparison, the number of public telephones peaked in 1996 - 27,000. In the last two decades, in parallel with the rise in the use of cell phones, there has been a gradual decline in the use of public phones. Regulated public telephones were established immediately after the establishment of the country's largest localities, with the...

On February 24-27, Israel will host the world's largest industrial innovation week, the "II4.0" Conference - led by "Start-Up Nation Central" (SNC), Grove's venture capital fund and international consulting firm Deloitte. The conference will discuss machine communication issues, secure production lines and 3D printing and will present lectures, forums and professional panels led by industry executives. Significant international companies are expected to announce new activities to take place in Israel, as well as new collaborations with Israeli companies and startups. Yariv Lotan, SNC's...

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...

In January 2020, 543,000 Israelis departed abroad - an increase of 10% compared to January 2019. 4% of Israelis departures in January were of Israeli residents living abroad who came for a homeland visit. In January, 29,000 Israeli departures were by land (to Egypt and Jordan). The number of flights abroad was 496,000 - most of them, ie 466,000, departed only once during the month. Also in the other direction, ie tourists entering Israel, an increase was recorded - 308.5 thousand tourists entered Israel in January, an increase of 8% compared to January last year. According to estimates by...