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Category: Financial
First step on the collision course between the Israeli government and the judiciary system - on the way to canceling the reason for reasonableness and enacting the superseding clause by a majority of 61. Justice Minister Yariv Levin (Likud) held a press conference in the Knesset this evening (Wednesday), where he presented the main points of his legal reform. Several key sections of the reform focus on weakening the judiciary and the Supreme Court
Jan 4, 2023
Category: Government
The Israel Post is joining the wave of price increases and raising the prices of some services within Israel and Israel abroad: packages within Israel and from Israel abroad, stamps, registered mail and Post 24. Regarding the packages, it was stated that "there is no effect on the costs of shipments that arrive in Israel from shopping sites from abroad - This is about an increase in letter and shipping rates in Israel and Israel abroad." At the same time, the increase in the price of parcel delivery within Israel may increase the price of deliveries within the country of Israeli online...
Jan 2, 2023
Category: Financial
Today, January 1st, every Israeli citizen will feel a wave of price increases for products and services that has not been seen in years, such as at the beginning of the civil year. Today, the salaries of Knesset members and other senior officials are also expected to increase, at a high rate of up to 15%. The final rate will be determined at the beginning of the month, after the publication of the average wage in the economy in the relevant months. The Public Dress Committee recommended raising the salaries of Knesset members by only 2% and attaching all senior public sector officials to...
Jan 1, 2023
Category: Hitech
The EROS-C3 satellite produced by the Aerospace Industry was launched on December 30, 2022 at 09:20 Israel time, from the SPACEX company's "Falcon 9" launcher at the US Space Force's Vandenberg Base in California, USA. EROS-C3 is one of the most advanced observation satellites in the world, thanks to the integration of breakthrough technological capabilities that allow very high resolution photography on several channels at the same time
Dec 30, 2022
Category: Government
After one year, six months and 16 days, Binyamin Netanyahu will return to the Prime Minister's Office in Jerusalem today (Thursday). The final number of ministers in Netanyahu's sixth government, the most right-wing government in Israel's history, and it is still unclear how fascist it will be. It can be said with certainty that the world and Israel fear the expected damage to Israeli democracy. In some ministries - such as security, education and welfare - there will be two ministers. There will also be rotation in welfare, as well as in finance - and possibly also in other ministries...
Dec 29, 2022
Category: Real Estate
The fourth lottery of the "Discount Apartment" program, which was promoted by outgoing Minister of Construction and Housing Ze'ev Elkin, is underway - just before the government's swearing-in, probably tomorrow. According to a report by the Ministry of Construction and Housing and the Israel Lands Authority, approximately 6,000 discounted housing units will be raffled in 13 localities: Jerusalem, Ashdod, Haifa, Yehud-Monson, Ramla, Kadima-Zoran, Ofakim, Sderot, Nahariya, Nof HaGilil, Elkana, Horns of Samaria and Immanuel
Dec 27, 2022
Category: Banking
The business sector is not ready to accept the bizarre legislative initiatives of the forming coalition and to apply discrimination to the citizens of Israel under the protection of the law. Discount Bank will not grant credit to businesses and entities that discriminate against customers on the basis of religion, race, gender or sexual orientation - this is what the bank's board of directors stated
Dec 27, 2022
Category: Capital Market
Israeli exports are expected to break a record this year and cross a threshold of 160 billion dollars - according to a forecast published by the Ministry of Economy. If the forecasts come true, the rate of increase in exports will be higher than 10% compared to 2021, which also recorded a record in Israeli exports. The Ministry of Economy says that the forecast for Israeli exports of $160 billion is conservative and that if the rate of growth in exports in the fourth quarter of this year is similar to the growth in exports in the first three quarters of 2022, it is possible that the volume...
Dec 25, 2022
Category: Capital Market
Bank of Israel Governor Amir Yaron and Bank Supervisor Yair Avidan granted a bank license and permits to control the bank - which will be called Ash Israel Bank. Bank entrepreneurs Yuval Aloni, Nir Tsuk, Alex Liberant and Alon Shay received the permit. Prof. Shmuel Hauser, former head of the Israel Securities Authority, will serve as chairman of the bank. This is the second license given to a new bank in the system within a period of three years. The receipt of the control permits and the conditional bank license will allow the entrepreneurs to move forward and complete the mechanical,...
Dec 25, 2022
Category: Politics
After a long and tedious process, which included going through and debating every comma and line of the 4,155-page document, the US House of Representatives joined the Senate in approving next year's US budget of $1.7 trillion on Friday. Members of Congress entered a frantic last-minute race to pass the budget Before Christmas, while the storm winds are raging outside and across the US the lowest temperatures have been recorded in years
Dec 24, 2022
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