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The Innovation Authority and the Ministry of Economy and Industry are launching an innovative aid track to increase research collaborations between manufacturing companies and academic institutions, to the extent of NIS 4 million The track will allow manufacturing-oriented industrial companies to order studies from the leading research institutions in Israel in a way that will allow the local industry to incorporate groundbreaking knowledge into products and production processes, advance to the forefront of industrial innovation and take leading positions in global markets

Commit, the leading technology services company in Israel, is expanding to new offices, and continues to recruit dozens of employees, who will join its 600 employees worldwide. Commit is a global technology services company with offices in Israel, New York and Europe. The company was established in 2005 and has about 600 multidisciplinary innovation experts, who serve a wide range of companies, from startups in their infancy to product companies and large organizations. Commit is the only one in Israel that provides a comprehensive answer to all the technological needs of its customers and...

Prolonged shutdown of three power plants, for the purpose of carrying out maintenance and renovation work, resulted in a decrease in the operating profit of the OPC company controlled by the Canon company of the Idan Ofer group. OPC, which is managed by Giora Almogi, lost NIS 11 million in the second quarter of 2022, an 85% decrease in loss compared to the corresponding quarter in 2021. The second quarter, which is a transition season in Israel and the US, is the seasonally weakest quarter in OFC's operations. The company operates two power plants in Israel and controls (70%) the American...

A review by the chief economist at the Ministry of Finance indicates that in Israel, the corona crisis did not lead to a wave of resignations and a mass exit from the labor market. According to the review, as of June 2022, the employment and participation rates in Israel have somewhat exceeded their pre-crisis level. The employment rate of those aged 15 and over in June 2022 was 61%, 0.1 percentage point higher than before the crisis, and the participation rate (63.4%) exceeded its pre-crisis level by half a percentage point. Nominally, the number of participants in the labor market in June...

The use of credit cards abroad will soon be added to the list of products that are becoming more expensive in Israeli life: a six-year dispute between the credit card companies and the tax authority may soon end in a compromise, the consequences of which could make the fees for using credit cards abroad more expensive. In December 2016, the Tax Authority issued an assessment to the credit card companies that mainly deals with the payment of VAT for income from credit card transactions carried out abroad, as well as online purchases on websites abroad. When a customer carries out such...

The Supreme Court today (Wednesday) shortened the sentence of the former Deputy Minister of the Interior, Faina Kirschenbaum from ten to seven and a half years in prison. Kirschenbaum was convicted of bribery, fraud and breach of trust in the Israel Beitenu case. In addition to this, the judges also shortened the sentence of Rami Cohen, the former director general of the Ministry of Agriculture who was convicted in the case of accepting bribes and other crimes - from 30 to 18 months in prison

The Cyber, Emergency and Security Unit and the Chief Economist Division at the Ministry of Finance continue to strengthen the long-standing relationship and cooperation with the US. Further to the meeting of Finance Minister Lieberman with the US Deputy Treasury Secretary, Wally Adeyemo, in November 2021, in which they discussed the need to strengthen the resilience of systems, organizations financial and deepening cooperation on the subject, today (Tuesday) a cooperation agreement (MOU) in the cyber-financial field was signed between the ministries of finance of Israel and the USA. On the...

The Airports Authority announced that it has allocated NIS 50 million to a digitization project at Ben Gurion Airport, which will make it possible to manage most departures abroad through independent procedures through online check-in and automatic machines. First, passengers will be offered the option to check in online from home by most major airlines such as El Al, Turkish Airlines, Fly Dubai and others. Most companies canceled this option during the Corona crisis because of the need to present the results of the tests. But in recent months the option has gradually returned, especially...

The relative security calm in Kiev and in large parts of Ukraine and the shift of the fighting to defined areas encourage the Israeli high-tech companies to return and recruit workers in Ukraine and even launch broad campaigns to absorb workers, with an emphasis on development positions. The company Optimove, which develops advanced marketing technologies for the companies' existing customers, currently employs 30 people through agencies in Kiev and Twiniitsa

Less than two weeks before the start of school, negotiations between the Ministry of Education and the Teachers' Union, which represents elementary and middle school teachers, are still stuck. Both sides are intensifying the tone towards September 1, and the pressure in the corridors of government is increasing in an attempt to prevent a strike - certainly during an election period. Now the Ministry of Finance presents another offer for teachers, the third in number. In the core controversial issues—mainly the starting salary of teachers—the Treasury did not improve its proposal. The...