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The Bank of Israel, headed by the Governor, Prof. Amir Yaron, announced today (Monday) an increase in the basic interest rate in the economy from 0.1% to 0.35%. In doing so, the predictions were confirmed that the Monetary Committee is expected to raise interest rates for the first time in three and a half years. Some experts even thought that the bank might raise the interest rate to 0.5% at once, but this forecast did not materialize. Following the increase in the basic interest rate, the prime interest rate will also rise this coming Thursday, after the banks are preparing for a change,...

The Bank of Israel, headed by the Governor, Prof. Amir Yaron, announced today (Monday) an increase in the basic interest rate in the economy from 0.1% to 0.35%. In doing so, the predictions were confirmed that the Monetary Committee is expected to raise interest rates for the first time in three and a half years. Some experts even thought that the bank might raise the interest rate to 0.5% at once, but this forecast did not materialize. Following the increase in the basic interest rate, the prime interest rate will also rise this coming Thursday, after the banks are preparing for a change,...

Clal Holdings announced to the stock exchange on Sunday evening the purchase of the MAX credit card company from the controlling owner, the Warburg Pincus Fund, for NIS 2.47 billion. The parties have already signed the memorandum of understanding in preparation for due diligence, and in the end they are expected to sign the agreement. To the extent that the transaction is completed, Warburg Pincus will exit Max three years after acquiring control of it at a value of NIS 2.5 billion from Bank Leumi as part of the adoption of the recommendations of the Strum Committee, which stipulated that...

The deficit figures published by the Accountant General of the Ministry of Finance, Yahli Rotenberg, reveal that the budget deficit in relation to GDP in Israel is only 1.4% - the lowest since 2008, when Prime Minister Ehud Olmert was still and Finance Minister Roni Brown was. In March, a total budget surplus of NIS 700 million was measured, making March the third month in a row that a budget surplus was measured - a situation that has not been remembered for years. The total budget surplus in the budget already reaches NIS 23.4 billion in the first quarter of the year. The huge decline in...

After quite a few rejections, the Israeli astronaut Eitan Steva was sent into space tonight (Friday) together with three other astronauts from the space base at Cape Canaveral in Florida. Tomorrow, the four are expected to arrive at the International Space Station on a 200-hour mission. A few minutes before the launch, Steve said in Hebrew: "A few days before we celebrate Independence Day, we take off. Good luck AX-1, good luck 'Sky'." A SpaceX broadcast said that the first stages of the launch were successfully completed, including the separation of the first stage launcher from its...

The Israeli cyber company Tufin has announced that it will be sold to Turn / River Capital - an investment company that focuses on investments in software companies - at a value of $ 570 million, which is about 60% higher than the company's current value. Shares of Tuffin soared 40% in early trading on Wall Street, to $ 12.8. Tufin shareholders will receive $ 13 in cash per share, a 44% premium to the company’s share price last night at the close of trading on Wall Street. According to the agreement, in the coming month, until May 5, there will be a period of "go-shop" - that is, Tufin...

Coalition Chairman Idit Silman has decided to resign from the coalition. The cracks were heard in the coalition for a long time. The dispute between Silman and Nitzan Horowitz over the chametz conference for hospitals. After the bomb was dropped on Wednesday by the leader of the retiring coalition, Idit Silman, the political system has three options. The first is to go to the polls - a move that is estimated to be preferred by opposition leader Benjamin Netanyahu and the Likud. Elections will be possible if Silman is followed by another retiree from the right, who will allow her and...

The tax on fuel known as "blo" will be reduced by half a shekel, Finance Minister Avigdor Lieberman announced today (Tuesday), despite the opposition of professional ranks. The reduction will be made for the next quarter only, after which a reassessment will be made as to whether to continue the extension. The reduction will be implemented immediately and is subject to the approval of the Finance Committee

The average wage in the economy per Israeli worker was NIS 11,784 per month in January 2022, a decrease compared to the previous month when the average wage was NIS 12,142. This is according to data published by the Central Bureau of Statistics (CBS). In the high-tech industry, the average wage continues to be much higher than in the entire economy and even rose close to NIS 1,000 compared with December 2021 to NIS 27,310 (December 26,494). The salaries of the programmers in the field reached NIS 29,558 and of the workers in the field of scientific research and development NIS 29,481

Transport Minister Merav Michaeli and Finance Minister Avigdor Lieberman announced at noon (Sunday) a reform that will significantly reduce public transportation prices and take effect this summer. At a press conference, Michaeli accused that "the Ministry of Transportation has neglected public transportation for years - and traffic jams have accumulated." After the reform, a national free-monthly ticket will cost only NIS 225. In the Negev, the Galilee and all localities outside the metropolitan areas of Jerusalem, Gush Dan and Haifa, there will be a free regional ticket for only NIS 99,...