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

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CamTech earned $ 13.4 million, which is 30 cents a share

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

The tide in the chip market led CamTech, which develops and manufactures test and measurement equipment for chipmakers, to another quarter in which it surpassed analysts' forecasts for its...

Rafael raised NIS 800 million in bonds

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

The government defense industry company Rafael today (Wednesday) raised NIS 800 million in bonds by issuing private bonds in the expansion of series C, D and E. The company planned to raise NIS...

Bank of Israel resumed its intervention in foreign currency trading: $1 = NIS 3.26

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

The Bank of Israel resumed its intervention in foreign currency trading, and following the acquisition of hundreds of millions of dollars, the dollar exchange rate in continuous trading rose to...

Google announced the establishment of a local cloud infrastructure in Israel

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

Google this morning (Wednesday) officially announced the establishment of a local cloud infrastructure in Israel. The company issued a short press release on the subject, quoting Boaz Maoz, CEO of...

Ended: The limits on the permitted passenger capacity on trains and buses

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

Thursday - the limit on the permitted passenger capacity on trains and buses, which currently amounts to 75% of the possible occupancy, will be abolished. This was made possible following...

Recommended: Stop monitoring the price of butter and allow the market to set the price

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

The Prices Committee of the Ministries of Agriculture and Finance has recommended that ministers stop monitoring the price of butter and allow the market to set the price. The committee recommends...

The dollar continues to weaken against the shekel: NIS 3.24 - Non-intervention of the Bank of Israel surprises

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

The dollar continues to weaken against the shekel - and the Bank of Israel does not interfere in trading. The representative exchange rate of the dollar was set on Monday at NIS 3.24, a decrease...

Max Stock: Suspicion of large-scale evasion of customs payments

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

As part of an ongoing investigation against the Max Stock company regarding customs and imports, representatives of the Haifa Customs House arrived at the company's offices yesterday, searched...

Blackstone Fund is entering Israel - Yifat Oron will be the CEO

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

Yifat Oron, until recently CEO of Leumi Tech, will lead the Blackstone Fund's new investment activity in Israeli high-tech - in Tel Aviv. The fund, which is considered one of the largest in...

Paz has hired the services of Leumi Partners to enter real estate activity

Posted on Apr 24, 2021 by Ifi Reporter - Dan Bielski

Paz continues to diversify its business to reduce its dependence on gas station operations that face a long-term threat. Paz has hired the services of Leumi Partners to recruit a company that...

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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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