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

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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...

Migdal Insurance Company concludes 2020 with a profit of NIS 540 million

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

Migdal Insurance Company concludes 2020 with a profit of NIS 540 million, compared to NIS 640 million in 2019 - a decrease of 15.6%. The company's profit in the fourth quarter of 2020 jumped...

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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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