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

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21 residents and staff members of a nursing home in Bat-Yam were infected with Corona

Posted on Jan 2, 2021 by Ifi Reporter - Dan Bielski

21 residents and staff members were evacuated today (Saturday) from the Neve Babov nursing home in Bat Yam after being diagnosed with corona, a few days after being vaccinated against the virus....

Rami Levy will acquire Israir for NIS 162 million - Moti Ben Moshe demands a new round of bids

Posted on Dec 31, 2020 by Ifi Reporter - Dan Bielski

Rami Levy and BGI have already enjoyed an increase in their shares, after IDB bondholders voted by a 75% majority in favor of their offer to acquire Israir for NIS 162 million. However, it now...

On the last day of the 2020 Knesset Finance Committee approved the transfer of NIS 3.5 billion from target to target

Posted on Dec 31, 2020 by Ifi Reporter - Dan Bielski

On the last day of the 2020 budget year, at noon, 9 MKs (out of 17) in the Knesset Finance Committee approved, in less than three hours, the transfer of NIS 3.5 billion from target to target...

Isracard is preparing for 200 layoffs, about 14% of the total number of employees

Posted on Dec 31, 2020 by Ifi Reporter - Dan Bielski

Isracard is preparing for the official inauguration of Tamar Yasur as chairman of the company, and is cleaning stables: Today the credit card company announced that the company's board of...

428 people out of 15,144 vaccinated who underwent corona testing were found positive

Posted on Dec 31, 2020 by Ifi Reporter - Dan Bielski

428 people out of 15,144 vaccinated who underwent corona testing were found to be positive. This is according to data from the Ministry of Health. The ministry stated that "this is not a...

The Consumer Protection and Fair Trade Authority opposes intention to close down the 2nd and 3rd generation cellular networks

Posted on Dec 31, 2020 by Ifi Reporter - Dan Bielski

The Consumer Protection and Fair Trade Authority opposes the Ministry of Communications' intention to close down the 2nd and 3rd generation cellular networks, without a mechanism that would...

3 patent attorneys are establishing an office in the field of intellectual property: we will not forget social awareness

Posted on Dec 28, 2020 by Ifi Reporter - Dan Bielski

Three senior patent attorneys are establishing a new office in the field of intellectual property in Israel. "We are embarking on a new path, as a skilled team, with shared professional...

July-September: An increase of 9% in apartment purchase: 25,800

Posted on Dec 28, 2020 by Ifi Reporter - Dan Bielski

According to the data, in July-September this year the number of transactions in the free real estate market (excluding sales as part of the price per occupant and target price) was 25,800...

an underground reservoir that excess rainwater will be installed in the power plant in Kiryat Gat

Posted on Dec 27, 2020 by Ifi Reporter - Dan Bielski

An initial project in Israel of an underground reservoir that will absorb the excess rainwater will be installed in the new power plant being built in Kiryat Gat in order to absorb the rainwater...

Israel Bank: The weekly cost of the closure is about NIS 2.5 billion

Posted on Dec 25, 2020 by Ifi Reporter - Dan Bielski

The weekly cost of the closure, which will begin next week, is about NIS 2.5 billion - a figure that reflects an activity rate of about 90% in the economy, according to an analysis published by...

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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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