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

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Discount Bank has announced a new plan: NIS 2,000 for credit for free

Posted on Jan 8, 2022 by Ifi Reporter - Dan Bielski

Discount Bank has announced a new plan, the main one being the cancellation of a future payment of the mandatory interest in the current account on a minus, overdraft, up to the amount of NIS...

The Bank of Israel's foreign exchange reserves totaled approximately $ 213 billion

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

The Bank of Israel's foreign exchange reserves totaled approximately $ 213 billion at the end of December, compared with $ 208.77 billion at the end of November. This is the amount equivalent...

The board of directors of Cellcom decided: Daniel Sapir will be appointed to the CEO

Posted on Jan 5, 2022 by Ifi Reporter - Dan Bielski

The board of directors of Cellcom decided on the issue of appointing the CEO, following the dramatic departure of Avi Gabay. Daniel Sapir, the former CEO of the ICT Group - the company of service...

Increase in the number of Israelis' transactions in digital wallets: Reached NIS 592.49 million

Posted on Jan 5, 2022 by Ifi Reporter - Dan Bielski

Following the entry of Google pay into Israel: There has been an increase in the number of Israelis' transactions in digital wallets, according to data from the Shebaa (automatic banking...

The Craft and Small scale Industry Association reports a 50% drop in revenue

Posted on Jan 5, 2022 by Ifi Reporter - Dan Bielski

The Craft and Small scale Industry Association reports a 50% drop in revenue amid the fear of being cared for by a person close to the customer, an increase in isolations and cancellations. ...

The average wage fell in October and amounted to NIS 11,277 per month - A decrease of 2.6%

Posted on Jan 4, 2022 by Ifi Reporter - Dan Bielski

The average wage in the economy continues to fall, and in October it reached NIS 11,277 per month - a decrease of 2.6% compared to October 2020. This, after an unusual increase during the crisis,...

"Beit B'Kfar" nursing home chain is expected to successfully complete its initial public offering

Posted on Jan 4, 2022 by Ifi Reporter - Dan Bielski

In the coming days, the "Beit B'Kfar" nursing home chain is expected to successfully complete its initial public offering and join the stock exchange. In the offering, 20% of...

More than 50,000 Israelis over 60 booked an appointment for the fourth vaccine

Posted on Jan 3, 2022 by Ifi Reporter - Dan Bielski

A day after the Ministry of Health approved the fourth vaccine for those aged 60 and over, more than 50,000 Israelis booked an appointment for the additional dose. According to the HMOs, in...

More than 50,000 Israelis over 60 booked an appointment for the fourth vaccine

Posted on Jan 3, 2022 by Ifi Reporter - Dan Bielski

A day after the Ministry of Health approved the fourth vaccine for those aged 60 and over, more than 50,000 Israelis booked an appointment for the additional dose. According to the HMOs, in...

Elbit Systems won a $ 53 million contract to supply systems for the UAE Air Force

Posted on Jan 3, 2022 by Ifi Reporter - Dan Bielski

Elbit Systems is penetrating for the first time the large security market that opened following the Avraham agreements. The company, which is managed by Bezalel Machlis, has won a $ 53 million...

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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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