Financial and economic News from israel - Economic World by Dan Bielski

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The Ministry of Transportation increase by3.8% the price of travel in taxis

Posted on Mar 27, 2022 by Ifi Reporter - Dan Bielski

The Ministry of Transportation announces tonight (Sunday) a 3.8% increase in the price of travel in special taxis (special) and service taxis. According to the ministry, the rise in prices, which...

Ace, or in its new name, Multi-Rail: competition commissioner approved its acquisition of the retail furniture chains Beitili, Urban and IDDesign

Posted on Mar 23, 2022 by Ifi Reporter - Dan Bielski

Ace, or in its new name, Multi-Rail - which owns the Ace, Auto Depot and Ace Electric chains - announced that the competition commissioner, Michal Cohen, has approved its acquisition of the...

Azrieli's empire is worth NIS 34.1 billion on the stock exchange - Net profit amounted to NIS 2.9 billion in 2021

Posted on Mar 23, 2022 by Ifi Reporter - Dan Bielski

Dana Azrieli's empire is worth NIS 34.1 billion on the stock exchange today, which is 34% higher than the group's value a year ago, and it's an equally amazing story given the fact...

Teva signed a compromise agreement with Rhode Island and pay $ 21 million in cash over the next 13 years

Posted on Mar 22, 2022 by Ifi Reporter - Dan Bielski

Another compromise agreement with Teva in the case of narcotic painkillers (opioids). The company has signed an agreement with the Rhode Island Attorney General, under which Teva will pay Rhode...

Electra: 16% increase in revenues in 2021 amounted to NIS 8.97 billion

Posted on Mar 22, 2022 by Ifi Reporter - Dan Bielski

Electra, which is controlled by the Zelkind brothers' Elco, today (Tuesday) reported an increase in revenue and profit in 2021 thanks to its entry into the public transportation sector. The...

Electra: 16% increase in revenues in 2021 amounted to NIS 8.97 billion

Posted on Mar 22, 2022 by Ifi Reporter - Dan Bielski

Electra, which is controlled by the Zelkind brothers' Elco, today (Tuesday) reported an increase in revenue and profit in 2021 thanks to its entry into the public transportation sector. The...

ICL has signed a long-term agreement with IPL the largest importer of potash in India

Posted on Mar 22, 2022 by Ifi Reporter - Dan Bielski

ICL has signed a long-term agreement with IPL, the largest importer of potash in India, for the supply of potash for the years 2027-2022. The new framework agreement replaces the previous...

hundreds of thousands of people came to attend the funeral of Rabbi Chaim Kanevsky

Posted on Mar 20, 2022 by Ifi Reporter - Dan Bielski

The siren instructing to stop working was sounded in the city of Bnei Brak and hundreds of thousands of people came to attend the funeral of Rabbi Chaim Kanevsky, the ultra-Orthodox "great...

hundreds of thousands of people came to attend the funeral of Rabbi Chaim Kanevsky

Posted on Mar 20, 2022 by Ifi Reporter - Dan Bielski

The siren instructing to stop working was sounded in the city of Bnei Brak and hundreds of thousands of people came to attend the funeral of Rabbi Chaim Kanevsky, the ultra-Orthodox "great...

Isracard: Revenues in 2021 grew by about 12% to about NIS 2.3 billion

Posted on Mar 19, 2022 by Ifi Reporter - Dan Bielski

Isracard publishes the fourth quarter reports of 2021 summarizing an excellent year for the credit company: The annual net profit amounted to NIS 343 million, compared to NIS 93 million last...

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BRICKSTONE Reports 16% Surge in Safe Deposit Box Rentals by Israelis Living in Western Europe

Oct 16, 2026 by Ifi Reporter - Dan Bielski

 BRICKSTONE, a company operating three private, high-security safe deposit facilities in Israel, has reported an approximately 16% increase over the past month in safe deposit box rentals by Israelis living in France, Germany, the United Kingdom and Belgium. The company attributes... Continue reading →

Finance Ministry Delay Threatens Entry of 50,000 Foreign Workers into Israel

Oct 16, 2026 by Ifi Reporter - Dan Bielski

A dispute over a NIS 10 million budget transfer from Israel’s Finance Ministry is reportedly holding up a government plan to increase the permitted share of foreign workers in the Israeli economy, potentially delaying the arrival of 50,000 additional workers across several key sectors.... Continue reading →

Shoofra Opens New Store at Israel’s Golden Mall, Investing NIS 1 Million

Oct 16, 2026 by Ifi Reporter - Dan Bielski

 Shoofra, the Israeli footwear retailer known for its colorful, original designs and distinctive shoe brands, has opened a new store on the newly inaugurated floor of Golden Mall in Rishon LeZion. The 170-square-meter store represents an investment of approximately NIS 1 million... Continue reading →

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