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In a significant turn of events, sthe Electric Company announced the cancellation of the tender for the purchase of the Eshkol power plant in Ashdod. The tender was a pivotal part of the government's ambitious plan to privatize the electricity sector, but it encountered unforeseen challenges. During the bidding process, one of the bidders, the Dalia Group, put forward an impressive offer of over NIS 12 billion for the power station, surpassing all expectations. However, it was later revealed that the winning bidder was unable to fulfill the terms of the deal, creating an uncertain...

In response to the growing trend of "mortgage recycling" and the challenges customers face when refinancing at the same bank, the Bank of Israel has announced a new regulation aimed at simplifying and expediting the process. This groundbreaking directive, set to take effect next year, seeks to revolutionize the mortgage consulting field and alleviate the frustrations faced by borrowers

Stoa, an Israeli-American start-up company specializing in real estate solutions, has recently announced significant reductions in its activities. The company has laid off most of its employees, with only about 20 individuals remaining out of its original workforce of approximately 100 employees. Stoa, which has not hired workers in Israel since the COVID-19 pandemic, is also halting its expansion and development efforts and is exploring offers to sell its assets and operations. The company currently owns hundreds of real estate properties in the United States

The Dairy Council has filed a petition with the High Court challenging the recent decision made by Finance Minister Bezalel Smotrich to cancel the duty on milk imports for a period of three months. The Council is seeking an injunction against the move or, alternatively, an urgent discussion on the issue of canceling the duty on milk, which would allow for the import of milk into Israel for the first time

In a dramatic move, the influential Business Forum, consisting of 76 senior businessmen, has announced its intention to shut down the Israeli economy in protest against the continuation of controversial coup d'état legislation. The decision, made during a meeting of top economic officials, reflects deep concerns regarding the potential ramifications of the legislation

Green energy company Energix has revealed its largest deal to date, worth $1.5 billion, with American company First Solar. The agreement entails the purchase of solar panels with a total capacity of five gigawatts (GWp) for Energix's upcoming solar projects in the United States. These projects are scheduled to be built between 2030 and 2026

Next Friday, July 21, Ness Ziona will join the public transportation service on Friday evenings and Saturdays "Na'im on the weekend" - thus becoming the tenth city to participate. According to data provided by the transportation enterprises on Shabbat and municipalities that operate transportation services on weekends, more than 45 thousand residents Local authorities in the central region only use transportation on Shabbat free of charge every weekend

Data published by the Central Bureau of Statistics (CBS) indicate that last May 2,180 new apartments were sold, although an increase of 46.8% compared to the low in April 2023 that resulted from the Passover holiday, but excluding seasonality this figure is about 2,230 apartments, a decrease of 7.6% compared to the previous month. Compared to April last year, this is a decrease of a little less than 50%, since the number of new apartments sold this month was about 4,000. The CBS states that an examination of the trend data shows that from August 2021 to May 2023, there was a decrease of...

Hours after the cancellation of the probable cause was approved in the first reading, demonstrations and blockades began throughout the country, among other things at all entrances to Jerusalem, the coastal road, road 4, and the Ayalon routes: "This is just the promo." A vehicle was recorded speeding toward protesters on Route 531 - and running away from the policeman who tried to stop it. MDA: "Significant delays in the movement of the ambulances, they want to allow them to move freely

No less than 52% of the companies in the high-tech service industries reported in the first half of 2023 a reduction in personnel compared to the first half of 2022. This is according to the data of the Central Bureau of Statistics published on Monday. The company managers were also asked about the main cause of the economic damage to their company in the last six months. According to the CBS, the most significant cause of the damage was a decrease in demand for their company's product (about 36% of the companies defined it as such), followed by difficulties in raising venture capital...