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After three days of fighting, Western countries have agreed to impose the most severe sanction on Russia: cut off (not all) Russian banks from the Swift system, the World Interbank Financial Communications Association. This means that funds will not be able to flow out of and into the Russian financial system. The decision was supported by the European Union, Canada, the United Kingdom, France, Germany, Italy and the United States, which initially opposed it. This is a very extreme step. The decision was made to take "drastic measures" against Russia. "We will make sure that these banks are...

The economic blow that Russia will suffer from the sanctions will cause sub-shocks, because the global economy is very integrated today. Even overseas vacations will increase as a result, due to rising prices for insurance, jet fuel, and a possible shortage of flights. We may be able to give up the neighborhood baker's cookie box after it becomes more expensive, The military - wherever we turn. Inflation is an economic phenomenon that has been almost completely absent from the world for three decades. Captivation is worrying - it erodes the value of money and income of employees....

Israeli high-tech companies employing workers in Ukraine are in a major crisis. It is estimated that Israeli high-tech companies employ about 15,000 workers in the country, the vast majority of whom are developers. Ukrainian developers have become in demand due to being skilled workers seeking lower wages than is customary in Israel, as well as due to the fact that the flight distance is short and the time zone is the same. Even before the Russian invasion, start-ups began offering their workers in Ukraine packages of assistance or assistance in moving to another country. For example,...

The Economics Committee approved on second and third reading the amendment to the Traffic Ordinance, which would allow experiments in autonomous cars without having an operator in the vehicle. According to the Ministry of Transportation, this will allow the experiments to start this year. The number of vehicles in the experiments will be limited to 500, according to the proposal of the chairman of the Economics Committee, MK Michael Bitton (blue and white). The committee decided that many regulations would become an addition to the bill, to allow for their speedy enactment. Transport...

The number of job seekers is declining, and is very close to the levels recorded on the eve of the Corona crisis. This is according to the Employment Service report for January 2022 published on Tuesday. According to the report, in January the number of jobseekers active in the employment service was 168.8 thousand, very close to 164 thousand registered in February 2020. In fact, this is the lowest number since The outbreak of the crisis. The data of the Employment Service actually correspond with the Central Bureau of Statistics reports regarding January, according to which in January the...

The Minister of Innovation, Science and Technology, Orit Farkash HaCohen, announced that she has issued a policy directive to the Innovation Authority, the main point of which is to set strict goals for significantly increasing the representation of ultra-Orthodox, Arabs, women, juniors and Israeli high-tech periphery. According to the Minister, this is a program based on comprehensive economic work carried out in recent months by the Ministry of Innovation, led by the Director General of the Ministry of Innovation, the Deputy CEO, Task Company and in collaboration with the Innovation...

The Israeli high-tech industry is very fond of saying that there is a shortage of workers. Here comes the Central Bureau of Statistics trying to put things in order: 14,000 software developers are missing. However, this number expresses only a small part of the story. To think that only 14,000 workers are missing in high-tech is a form of thinking that is appropriate for a governmental and public body and not for an industry that is moving fast and not waiting for initiatives from the state

132,275 Israelis were diagnosed last week as positive for Corona, 10,354 of them yesterday (Saturday). For comparison, in the week between February 6 and 12, 240,756 positive for the virus were diagnosed in Israel, a decrease of about 45%. If the downward trend continues at a similar pace, it is likely that in the coming days less than 10,000 positive viruses will be diagnosed in Israel in the next few days. At the same time, the coefficient of infection has remained stable over the past three days and stands at 0.67 - indicating a decline in the epidemic. Data from the Ministry of Health...

The escalation in relations between Russia and Ukraine and estimates that the situation could explode in the coming days, prompted this week the Israeli high-tech companies and the manpower companies that work with them, which together employ about 15,000 workers in Ukraine. The companies were organized ahead of time for temporary evacuation of workers and their families within the country (from east and south to west); For their transfer to neighboring countries such as Poland and Bulgaria; As well as finding alternative workspaces in case of need and providing satellite internet in case...

The Minister of Transportation, Merav Michaeli, ordered the addition of bus stops at the entrances to ten Bedouin localities in the Negev, some of which are illegally recognized. Notice of the addition of the stations was sent to the Coalition Labor Party's partner, the RAAM Party. Two bus stops have recently been set up at the entrance to the new Bedouin settlement, Abda, located on Road 40 north of Mitzpe Ramon. The settlement has recently received official recognition from the state, as part of the coalition agreement with RAAM. The other stations will be built mostly, at the entrance...