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

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Hamat Group reported on Thursday a 420% jump in net profit in 2020: NIS 51 million

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

The Hamat Group reported on Thursday a 420% jump in net profit in 2020, to NIS 51 million, compared with NIS 9.8 million in 2019. Hamat shares responded today with a jump of 12%. Revenues in 2020...

Castro fashion reports revenues of NIS 282 million in the fourth quarter - a decrease of 40%

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

The Castro fashion company reports revenues of NIS 282 million in the fourth quarter, compared to revenues of NIS 471 million in the corresponding quarter last year - a decrease of 40%. Operating...

Google is opening in Israel a third R&D center and will hire hundreds of employees

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

A month after he unexpectedly retired from Intel, Uri Frank is appointed vice president of engineering and design of server chips at Google (VP of Engineering for server chip design). Frank,...

Corona fines dropped in a dramatic fashion: only 112 compared with 300 on a regular day

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

Data from the Center for the Collection of Fines at the Enforcement and Collection Authority published on the website show that yesterday (Tuesday) only 112 reports were received at the Center for...

15% of those engaged in the economy were still affected in November and December 2020

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

15% of those engaged in the economy were still affected in November and December 2020, on the eve of the third closure, in 80% or more of their normal cycles on the eve of the crisis. This is...

It's final: settlement between Bank Mizrahi Tefahot and the American regulators - fine of $ 195 million

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

Two years after the settlement between Bank Mizrahi Tefahot and the American regulators in the affair of helping its customers evade tax, Mizrahi Tefahot officially closes the affair. Under the...

Elbit: Record results with an increase in profit - $ 237.7 million, an increase of 4.3%

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

Elbit passed the corona year with record results, with an increase in profits and the backlog of orders, which reached a peak of $ 11 billion, an increase of 10% compared to last year. Bezalel...

The total cost of four election campaigns in Israel within two years amounts to about NIS 12-14 billion

Posted on Mar 23, 2021 by Ifi Reporter - Dan Bielski

The total cost of four election campaigns in Israel within two years amounts to about NIS 12-14 billion. The cost of the current election is higher than the state budget, due to the special...

The israeli startup Eternity announced the recruitment of 50 employees for immediate jobs

Posted on Mar 23, 2021 by Ifi Reporter - Dan Bielski

One of the least affected markets during the Corona period is the Big Data market, in light of the surge in demand for data science technologies, which produce instant insights and produce fast...

Greece has approved the entry of 10,000 Israeli tourists with a vaccine certificate

Posted on Mar 22, 2021 by Ifi Reporter - Dan Bielski

Greece has approved the entry of Israeli tourists with a vaccine certificate into its territory, without the need for a corona inspection or an obligation to insulate. The permit is expected to...

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El Al Appoints Levi Halevi as New CEO; CFO Yaakov Shahar to Retire

Sep 20, 2026 by Ifi Reporter - Dan Bielski

El Al Israel Airlines announced a major leadership transition this afternoon, with the appointment of Levi Halevi as the airline’s new Chief Executive Officer . The decision was made by El Al’s Board of Directors , following the recommendation of a search committee... Continue reading →

Why AI Adoption on the Factory Floor Is Far More Complicated Than a Successful Demo

Aug 25, 2026 by Ifi Reporter - Dan Bielski

The integration of artificial intelligence (AI) has become a major priority for technology companies and startups. Yet when AI solutions move from development environments to the physical factory floor, the reality can be considerably more complex.... Continue reading →

SACHEK NA Introduces New 3D Plastic Puzzle Collection Featuring Iconic Cars

Aug 25, 2026 by Ifi Reporter - Dan Bielski

Israeli toy and puzzle company SACHEK NA, owned by Meir Klughaft and Yossi Bar-On, is introducing a new collection of 3D plastic vehicle puzzles, combining traditional puzzle assembly with three-dimensional model building. From Porsche and Ferrari to the Harry Potter Bus The new... Continue reading →

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