Ifi Reporter

The warnings of the Corona Cabinet, the Ministry of Health and Prime Minister Naftali Bennett against a fourth closure, perhaps during the Tishrei holidays, lead to an attack by senior health officials who warn: A closure is not a solution. This move, they say, has failed in the past, and will fail this time as well. The Ministry of Health and its senior officials, they claim, do not take into account all the considerations, and manage the crisis through a particularly narrow prism. In the Corona Cabinet yesterday, the experts who attended the meeting said that in order to avoid reaching...

Paz will acquire Freshmarket, controlled by Shlomi and Yossi Amir, for NIS 2.1 billion in cash (80%) and shares (20%). The transaction reflects a 14% premium on the value of a fresh market on the stock exchange. Simultaneously with the decision to acquire Freshmarket, the Paz Board of Directors decided to reject the two proposals it received for the acquisition of control of the company by Leumi Partners and by Shikun VeBinui. Leumi Partners offered to inject NIS 1.055 billion, in exchange for an allotment of 20% of Paz's shares at a company value of NIS 3.85 billion - and an option to...

The average wage in the economy last May was NIS 11,300 gross, a decrease of 3% compared to April this year. This is according to data from the Central Bureau of Statistics. The number of jobs in May was 3.552 million, an increase of 15.5% compared to the same period last year and an increase of 1.1% compared to the previous month. The continued decline in the average wage in the economy can be attributed to the return of weaker workers to the labor market. Most of the laid off or workers who were expelled from the IDF were in occupations where the monthly income was low, especially in the...

The Corona Cabinet decided on Tuesday evening to impose further restrictions on the public in view of the increase in Corona morbidity, including the expansion of the green label outline. The public will be required to wear masks even in open spaces during gatherings. The list of countries from which returnees will be required to enter isolation has been expanded, even if we have been vaccinated before leaving for them. Most of the decisions will take effect next Sunday, August 8th. During the discussion, some of the ministers raised the possibility that another closure would be imposed on...

A huge fire broke out today (Tuesday) in the Jerusalem area, near the village of Shoresh and Road No. 1 (Jerusalem-Tel Aviv Road). Suspected arson. Following the fire, Shoresh's first line of houses, on Harimon Street, was evacuated - as was the gas station complex and the nearby commercial center. Later, residents of the first line of houses in the locality of Shoeva, on Hahoresh Street, were also evacuated to an absorption center in Kiryat Anavim. In addition, in both localities, electricity was cut off, in order to avoid the danger of electric shock

Three years since the last budget was approved, the Israeli government approved this morning (Monday), after a white night of heated discussions, the state budget for the years 2022-2021 - and later it will have to approve it in the Knesset as well. In light of the narrow coalition, the government is facing a significant problem ahead of the Knesset vote on the budget in mid-November - and in order to obtain a majority it will have to reach various "deals". The government discussed approving the budget from Sunday morning, went out for a break in the afternoon - and returned to discuss it...

The unemployment rate in the first two weeks of July rose again, and climbed slightly - to 9%, after reaching only 8.8% in the last two weeks of June. The data come from a manpower survey by the Central Bureau of Statistics. The rise in unemployment is particularly surprising in light of the work that in early July, unemployment benefit payments to employees who were on unpaid leave were stopped. In recent months there has been a downward trend in unemployment, but now the unemployment rate is back to climbing. According to the Central Bureau of Statistics in Israel, there were 384,000...

The increase in the number of corona patients in a difficult situation continues: data from the Ministry of Health show that 201 critically ill patients are hospitalized tonight (Saturday) in hospitals across the country, compared with 168 in the update before Shabbat. This is the highest number of serious patients since mid-April. There has also been an increase in the number of respirators and their number now stands at 31. Data from the Ministry of Health show that yesterday 2,435 positive for the virus were diagnosed in Israel and today another 1,589 were diagnosed. That means over the...

The government is expected to discuss the budget bill tomorrow and it will approve it. This is the first time that the Israeli government has approved a budget in the last three years. A political majority for a budget is guaranteed after 17 government ministers pledged to support it. The ministers demand budget increases of NIS 12-14 billion a year, they will criticize various items, the discussion will continue until late at night until Monday morning, but in the end the budget must be approved by the government. It was initially planned to continue the budget discussions on Thursday,...

Israel will end 2021 with a deficit of 6.8%, and 2022 with a deficit of 3.9%. After that, the reduced outline of the deficit will continue until 2026, when it will stand at 1.5%, according to the draft decision of the state budget, which the Ministry of Finance submitted to government members this morning. Towards the approval of the budget: The Ministry of Finance distributed to the government ministers the main points of the state budget, which includes the budget framework and the new deficit ceiling, along with the distribution of the budget according to government ministries and the...

The attack on the ship owned by the Israeli businessman, Eyal Ofer, was carried out by a suicide drone and apparently by other unmanned aircraft, an American source told the AP news agency. He added that it was not clear at this stage who was behind it. A senior Israeli source said that this was an attack carried out by Iran and noted that it was a terrorist act for everything that caused the deaths of innocent people. He said an unmanned aerial vehicle attacked the merchant ship and was remotely controlled. A diplomatic source says that Iran is sowing violence and destruction in every...

Friday morning, President Yitzhak Herzog and his wife Michal received the third vaccine against Corona virus. "This is a very important step for the sake of social solidarity in the State of Israel," said President Herzog at the opening of the campaign to receive the complementary dose at Sheba Hospital in Tel Hashomer. "We are launching, we are launching a vaccination campaign to protect the adults in the State of Israel," said Prime Minister Naftali Bennett, who accompanied the Herzog couple. "From today there is a new mitzvah - Hassan your father and mother for the sake of prolonging...

Hundreds of farmers on Thursday blocked major intersections from north to south in protest of the Ministry of Finance's intention to introduce a reform in the import of agricultural produce, which is expected to lead to falling prices for a range of products in supermarkets and containers. Farmers block roads using tractors, agricultural produce and various tools, and dump vegetables and eggs on the floor. "The settlement was not established in the Arrangements Law, nor will it be dismantled in the Arrangements Law," they attacked. Demonstrations are taking place at eight major...

The international credit rating company Fitch announced today that it reaffirms the credit rating of the State of Israel at the level of A + with a stable forecast, following the previous approval in January. In its announcement, the company emphasizes Israel's core strengths in the credit rating, including: a diversified economy with high added value, strong external accounts and a strong institutional structure. According to the company, the main limitations on the credit rating are geopolitical risks and a relatively high debt burden

A rapid recovery in global industrial activity, a jump in fertilizer prices following the rise in commodity prices, and a significant drop in the level of competition with Chinese manufacturers - all led to a sharp rise in ICL (ICC) earnings, which significantly exceeded analysts' forecasts for revenue and profits. The improvement in the company's results is even more pronounced against the background of maintenance work on the potash facilities at the Dead Sea and Spain, which led to a decrease in exports. The company earned $ 140 million in the second quarter of 2021, compared to a loss...

The Israeli pharmaceutical company Teva reduces its annual forecast: The company's current forecast is for annual revenues of $ 16 to 16.4 billion, compared to $ 16.4 to 16.8 billion. The stock is expected to fall. The company still expects earnings per share on a non-GAAP basis to stand at $ 2.5-2.7 and free cash flow will total $ 2-2.3 billion. Teva's debt fell to $ 22.7 billion (compared to $ 24 billion). Teva reports revenues of NIS 3.9 billion, the same as revenues of $ 3.9 billion in the corresponding quarter last year, and adjusted earnings (Non-GAAP) of 59 cents compared to 55...

The change government is re-introducing new taxes to stabilize the economy even though Finance Minister Lieberman promised upon taking office that he would not raise taxes. It must be noted that he did not promise not to formulate new taxes. The Ministry of Finance has published the 'Fiscal Adjustments Document', which includes a wide range of measures that will increase state revenues in the coming years. The measures include correcting distortions in the tax system, new taxes designed to influence behavior and a war on black capital. Among the taxes intended to change the public's...

The monthly review of the chief economist at the Ministry of Finance, Shira Greenberg, published, reveals unsurprising data for May, when there was another increase in the purchase of apartments throughout Israel. In May, 12.5 thousand apartments were purchased, an increase of 40% compared to May 2019 and an increase of 15% compared to last April. Comparing the level of transactions in the free market last May to its counterparts in the last twenty years, it is found that this is the second highest level, and is only ahead of the level of sales in May 2013. In the market segment of new...

The Minister of Finance, Avigdor Lieberman, has decided to increase the income supplement for seniors. The benefit will increase by almost NIS 500 per person. The Ministry of Finance says that the move means that exercising the rights to receive income supplementation will allow the elderly to receive income above the poverty line. Income supplement is paid to adults whose income is low, usually without a pension, and who are mainly based on an old-age pension. The average benefit today is NIS 3,230 per person per month, and will now increase to at least NIS 3,710 per month. This amount is...

El Al has asked the Ministry of Finance to cancel or postpone the issuance of the shares it was required to carry out under an agreement with the state, until the end of July 2021. El Al received a payment of $ 210 million from the state in early May 2021 for the flight services of the aircraft security system for the next 20 years. As part of the agreement, EL AL undertook to issue shares, options or mix of the two by the end of July 2021, with a minimum amount of $ 105 million. The controlling owner of El Al, Eagles' Wings, owned by Kenny Rosenberg, has pledged to order at least $ 43...