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

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Intention: Partner will be fined by NIS 414,600 on suspicion of misleading consumers

Posted on Jun 7, 2021 by Ifi Reporter - Dan Bielski

The Consumer Protection and Fair Trade Authority announced today (Monday) to Partner that it intends to fine it NIS 414,600, on suspicion of misleading consumers. The PA investigation began...

ormer Health Minister Yaakov Litzman's aide, Moti Babchik was arrested on suspicion of bribery

Posted on Jun 6, 2021 by Ifi Reporter - Dan Bielski

Four people, including former Health Minister Yaakov Litzman's aide, Moti Babchik, were arrested on suspicion of bribery, fraud and breach of trust. Other detainees in the corruption case,...

Notal Vision has begun a fourth round of funding in the amount of $ 60 million

Posted on Jun 6, 2021 by Ifi Reporter - Dan Bielski

Notal Vision, a company that develops and provides early detection and home monitoring services for retinal diseases, has begun a fourth round of funding in the amount of $ 60 million. It is...

Teva: 28 million settlement agreement in three derivative proceedings filed against the company and it's officers

Posted on Jun 6, 2021 by Ifi Reporter - Dan Bielski

Economic Judge Ruth Ronen approved a $ 28 million settlement agreement in three derivative proceedings filed against Teva and its officers. The main lawsuit dealt with claims for damages to the...

Ministry of Health will recommend abolishing the obligation to wear masks indoors on June 15

Posted on Jun 6, 2021 by Ifi Reporter - Dan Bielski

Health Minister Yuli Edelstein has announced that the Ministry of Health will recommend abolishing the obligation to wear masks indoors on June 15. "After a consultation with senior...

BDO: Electric vehicle sales in Israel will double this year to 19,000

Posted on Jun 6, 2021 by Ifi Reporter - Dan Bielski

Electric vehicle sales in Israel will double this year to 19,000, BDO chief economist Chen Herzog predicts in a report reviewing their penetration into Israel, the forecast for the coming years...

Israeli startup Gong raised $ 250 million in round E

Posted on Jun 6, 2021 by Ifi Reporter - Dan Bielski

Gong, a business intelligence platform for salespeople that leverages artificial intelligence technologies to upgrade the capabilities of sales teams, raised $ 250 million in round E led by...

Poor Exit: ScaleMP was recently sold to SAP for a small amount and much lower than invested in

Posted on Jun 4, 2021 by Ifi Reporter - Dan Bielski

The startup company ScaleMP was recently sold to SAP for a small amount and much lower than what has been invested in it so far. This is a failure of a start-up company that aimed for much higher...

Elbit Systems has won a $ 80 million contract from an Asia-Pacific state

Posted on Jun 3, 2021 by Ifi Reporter - Dan Bielski

Elbit Systems has won a $ 80 million contract from an Asia-Pacific state to supply SPECTRO XR multifectral electro-optical systems for naval forces. Elbit Systems won the deal after winning a...

IAI has signed a $ 200 million contract with an Asian country

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

IAI has signed a $ 200 million contract with an Asian country to provide UAV services (unmanned aerial vehicle). This is the company's fourth deal in this area in 2021: earlier this year it...

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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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