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

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Imposed: financial sanction in the amount of NIS 350,000 on Excellence

Posted on Jul 1, 2021 by Ifi Reporter - Dan Bielski

The Committee for the Imposition of a Financial Sanction under the Anti-Money Laundering Law imposed a financial sanction in the amount of NIS 350,000 on money laundering violations on Member of...

Israeli Outbrain submitted a public prospectus and took a significant step towards an IPO on the NASDAQ

Posted on Jun 30, 2021 by Ifi Reporter - Dan Bielski

The Israeli company Outbrain submitted a public prospectus and took a significant step towards an IPO on the NASDAQ stock exchange. Outbrain revealed its financial performance in the prospectus...

IAI will upgrade Israeli produced Kfir planes for the Sri Lankan Air Force for $ 50 million

Posted on Jun 30, 2021 by Ifi Reporter - Dan Bielski

IAI will upgrade Kfir planes for the Sri Lankan Air Force for $ 50 million. The deal - which includes the return to fitness, refurbishment and improvement of Kfir aircraft for the Sri Lankan Air...

Price per liter of lead-free 95-octane gasoline will be NIS 6.31 per liter starting Wednesday

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

Fuel prices are rising - the Ministry of Energy updates that the price per liter of lead-free 95-octane gasoline will be NIS 6.31 per liter starting tomorrow (Wednesday) at NIS 6.31 - an increase...

Discount Bank will provide financing of NIS 200 million to the public transportation company Galim Hanegev

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

Discount Bank continues to expand its credit transportation business. The level of risk for banks in this area is considered low, and it yields stable flows over a long period of time. As part...

Agreed upon: adaptation grants for people aged 67 and over will continue for three months

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

A day before the expiration of the unpaid leave law, the Finance Committee is engrossed in a legislative marathon. This is in an attempt to legitimize the bill that will reduce the incentive for...

Minister of Transportation, Merav Michaeli, ordered the separation of the passengers from red countries at Ben Gurion Airport

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

The Minister of Transportation, Merav Michaeli, ordered the separation of the passengers from red countries at Ben Gurion Airport from the other passengers, and from today passengers from...

Ministry of Communications imposed fines of 1,021,570 on communications companies that exceeded response times

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

The Ministry of Communications imposed fines of 1,021,570 on communications companies that exceeded response times at the call centers. For the companies, these are small amounts. The highest...

Approved: A transfer from bank to bank at no cost within a maximum of 7 days

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

The Ministerial Committee on Legislation approved the bill of the Minister of Finance, Avigdor Lieberman, "to promote competition in banking", which will allow a transfer from bank to...

he director general of the Ministry of Health, Prof. Hezi Levy, announced his resignation

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

The director general of the Ministry of Health, Prof. Hezi Levy, announced his resignation today (Sunday). Levy, who was appointed to the position in June 2020 by former Minister Yuli Edelstein,...

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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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