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

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Teva was fined 60 million euros by the European Union - "We will appeal"

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

Teva was fined 60 million euros by the European Union, in light of an agreement signed between it and Seflon in 2005 and ended in 2011, when Teva acquired Seflon for $ 6.8 billion in cash. The...

Or Akiva Mayor and former Minister Yaakov Edri is suspected of rape

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

Developments in the investigation into the corruption case in which Or Akiva Mayor and former Minister Yaakov Edri and his partner Yehezkel created a mechanism in which various businessmen...

in coping with the Corona pandemic: Israel is graded in 21st place

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

The spread of the corona plague around the world has challenged accepted perceptions about which countries are best able to cope with a severe health crisis. Developed countries like the US and...

Vanti Analytics today announced a $4.5 million seed funding round

Posted on Nov 24, 2020 by Ifi Reporter - Dan Bielski

 Vanti Analytics today announced a $4.5 million seed funding round led by Silicon Valley venture capital firm True Ventures and Israel’s More VC. The round includes...

Discount Bank's profits were cut 40% in Q3 toNIS 258 million - 540 employees will retire

Posted on Nov 24, 2020 by Ifi Reporter - Dan Bielski

Discount Bank's profits in the third quarter of 2020 were cut by 40% compared to the corresponding quarter last year, mainly due to non-recurring items. The bank's net profit for the...

The crisis in the economy signaled a 74% drop in Elbit's earnings - the profit amounted to $ 17 million

Posted on Nov 24, 2020 by Ifi Reporter - Dan Bielski

The crisis in the economy signaled a 74% drop in the company's earnings based on US GAAP in the past quarter, compared to the same quarter in 2019 - to $ 17 million, which is 38 cents a share....

Victory earned NIS 16 million in the third quarter of 2020, an increase of 70%

Posted on Nov 23, 2020 by Ifi Reporter - Dan Bielski

A sharp increase in sales of identical stores, the opening of new branches and the outbreak of the Corona virus led to a strong growth in the revenues and profits of the food retail company...

approved: concessions in obtaining medical licenses for doctors immigrated to Israel

Posted on Nov 22, 2020 by Ifi Reporter - Dan Bielski

The government has approved significant concessions in obtaining medical licenses in Israel, for doctors and nurses who have immigrated to Israel. But it turns out that the decision was made...

Microsoft launches the new campus in Herzliya Pituach which covers 500,000 square feet

Posted on Nov 22, 2020 by Ifi Reporter - Dan Bielski

Microsoft announced today (Sunday) the launch of the new campus in Herzliya Pituach. The complex, which covers 46,000 square meters, will unite under one roof the employees of Microsoft Israel,...

The Israeli start-up company Forter which specializes in preventing e-commerce fraud, raised $ 125 million

Posted on Nov 21, 2020 by Ifi Reporter - Dan Bielski

The Israeli start-up company Forter, which specializes in preventing e-commerce fraud, raised $ 125 million in the fifth round, led by Bessemer Venture Partners and Itai Sidon, who is one of the...

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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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