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

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Intention: grants paid to athletes by the Israel Olympic Committee for winning a medal at the Olympic or Paralympic Games will be tax-free

Posted on Aug 29, 2021 by Ifi Reporter - Dan Bielski

The Minister of Finance, Avigdor Lieberman, issued a memorandum amending the Income Tax Ordinance, according to which the grants paid to athletes by the Israel Olympic Committee for winning a...

Policy change of entering Israel from abroad, and granting an exemption from isolation led to an increase in traveling abroad

Posted on Aug 29, 2021 by Ifi Reporter - Dan Bielski

Policy change by senior Ministry of Health officials of entering Israel from abroad, and granting an exemption from isolation for the third-degree vaccinated returning from orange countries, has...

Hamashbir: Sales in the second quarter grew by 83% to NIS 220 million

Posted on Aug 29, 2021 by Ifi Reporter - Dan Bielski

Hamashbir reports good but exceptional reports for the quarter, but it is not certain that the results for the quarter justify the value at which the company is traded (NIS 314.7 million)....

Delek Group net profit in the first half of 2021 jumped to about NIS 581 million

Posted on Aug 28, 2021 by Ifi Reporter - Dan Bielski

Delek Group published its financial statements for the second quarter of 2021, which show that the net profit in the first half of 2021 jumped to about NIS 581 million, compared with a loss of...

The Histadrut has declared a labor dispute in the religious councils

Posted on Aug 28, 2021 by Ifi Reporter - Dan Bielski

The Histadrut has declared a labor dispute in the religious councils, against the background of the mass layoffs expected as part of the reform of the kashrut system. This is about 4,000...

Dr. Tal Zacks, who serves as the medical director of Moderna will join the board of Teva Pharmaceuticals

Posted on Aug 27, 2021 by Ifi Reporter - Dan Bielski

One of the well-known figures in the field of corona vaccines, Dr. Tal Zacks, who serves as the medical director of Moderna, the pioneer of the vaccine against the virus, who recently announced...

Isracard is allowed to market savings policies and investment provident funds

Posted on Aug 26, 2021 by Ifi Reporter - Dan Bielski

Isracard has received approval from the Capital Market Authority to market savings policies and investment provident funds. This is an extension of the existing credit card company's license...

A man was arrested on suspicion of concealing income of more than NIS 11 million generated from virtual currency

Posted on Aug 26, 2021 by Ifi Reporter - Dan Bielski

A Jerusalem resident was arrested on suspicion of concealing income of more than NIS 11 million allegedly generated from virtual currency exchange transactions. According to the suspicion, he did...

Manufacturers Association, asked Prime Minister Naftali Bennett: eliminate discrimination of defense industries from Israel

Posted on Aug 26, 2021 by Ifi Reporter - Dan Bielski

Dr. Ron Tomer, president of the Manufacturers Association, asked Prime Minister Naftali Bennett to examine the possibility of eliminating the discrimination of defense industries from Israel...

The average mortgage size in Israel in July was NIS 953,000

Posted on Aug 25, 2021 by Ifi Reporter - Dan Bielski

The Bank of Israel published an interesting figure according to which the average mortgage size in Israel in July was NIS 953,000, which is a continuation of NIS 929,000 in June and NIS 879,000...

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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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