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

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satisfaction survey conducted by the Bank of Israel: Bank Yahav leads in the customer satisfaction survey

Posted on Mar 13, 2022 by Ifi Reporter - Dan Bielski

The satisfaction survey conducted by the Bank of Israel among the banks' customers from the bank where their account is conducted reveals that Bank Yahav leads in the customer...

Corona: There has been a halt in the decline in morbidity

Posted on Mar 13, 2022 by Ifi Reporter - Dan Bielski

After two weeks of a decline in corona data, in recent days there has been a halt in the decline in morbidity and even an increase in the infection coefficient approaching 1. In recent days, the...

First collective agreement was signed in Electra-Magason for a period of 4 years

Posted on Mar 12, 2022 by Ifi Reporter - Dan Bielski

First collective agreement signed in Electra-Magason. The agreement, which was signed for a period of 4 years, includes, among other things, wage supplements, a study fund and meal subsidy *...

The Israeli fintech startup Lili was selected to the list of the 50 most innovative companies in the world

Posted on Mar 12, 2022 by Ifi Reporter - Dan Bielski

The Israeli fintech startup Lili was selected to the list of the 50 most innovative companies in the world by the technology company Fast Company and in first place in the category of personal...

Ukraine shot down a Russian drone made in Israel

Posted on Mar 12, 2022 by Ifi Reporter - Dan Bielski

While Israel refuses to supply Ukraine with weapons to defend itself against the Russian invasion, Friday its forces shot down a Russian drone made in Israel. Russia, Israel's main...

Matrix will sell 45% of the shares in the subsidiary Infinity Labs to Links Detail Holdko for NIS 160 million

Posted on Mar 10, 2022 by Ifi Reporter - Dan Bielski

The information technology company Matrix published on Thursday an update to its investors on a small exit, on which it will post a capital gain of NIS 160 million. As part of the transaction,...

Sharp rise in global transportation prices led to a yearly profit of $ 4.65 billion - 787% increase

Posted on Mar 9, 2022 by Ifi Reporter - Dan Bielski

ZIM sums up a tremendous year: The sharp rise in global transportation prices jumped the profit of the transportation shipping company by 787% to $ 4.65 billion in 2021, compared to $ 524 million...

Discount Bank's net profit in 2021 amounted to amounted to NIS 2.77 billion - an increase of 184.4%

Posted on Mar 9, 2022 by Ifi Reporter - Dan Bielski

Discount Bank's net profit in the fourth quarter of the year amounted to NIS 529 million, compared with NIS 264 million in the fourth quarter of 2020, in fact a doubling of profit. In 2021 as...

Israeli economy recovered quickly from the effects of the Omicron wave: 4.3% increase in average daily credit card expenditure

Posted on Mar 6, 2022 by Ifi Reporter - Dan Bielski

Data from the Automated Banking Services Company, director of the national credit card payment system, shows that the Israeli economy recovered quickly from the effects of the Omicron wave in...

Electra Consumer Products reported that it closed 2021 with revenues of NIS 4.6 billion

Posted on Mar 6, 2022 by Ifi Reporter - Dan Bielski

Electra Consumer Products reported that it closed 2021 with revenues of NIS 4.6 billion, about 79% more than 2020; Operating profit of NIS 266 million, about 103% more than in 2020; And a net...

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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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