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

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The BIG open-air shopping chain announced: We will open stores from tommorrow

Posted on Nov 1, 2020 by Ifi Reporter - Dan Bielski

The BIG open-air shopping chain announced on Sunday that it would open its stores in violation of Corona regulations. In a message sent to the owners of the stores in the centers, the chain's...

El Al CEO Gonen Ussishkin is ending his term - Uri Sirkis, CEO of Israir, is one of the candidates to replace the CEO

Posted on Oct 30, 2020 by Ifi Reporter - Dan Bielski

El Al CEO Gonen Ussishkin is ending his position. The company informed the stock exchange that his retirement will take place during January 2021. Ussishkin wrote to his employees this morning:...

Oil spill in the sea shut down the seawater desalination facility in Ashkelon

Posted on Oct 30, 2020 by Ifi Reporter - Dan Bielski

An unusual incident of an oil spill in the sea shut down the seawater desalination facility in Ashkelon: According to the Ministry of Environmental Protection, early in the morning he received a...

The price per liter of gasoline will be Reduced Saturday midnight by 0.12 NIS

Posted on Oct 29, 2020 by Ifi Reporter - Dan Bielski

The Fuel Administration of the Ministry of Energy announced on Thursday the update of the price of fuel for November, with a line in the form of a reduction of 12 Agorot per liter. Therefore, this...

Fatal work accident: A window cleaner about 50 years old was killed

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

Fatal work accident: A window cleaner about 50 years old was killed on Wednesday afternoon in a fall from the fourth floor of a high-rise building on Arava Street in the city of Nesher. The...

FIMI, announced the acquisition of 90% of Rafa pharmaceutical company for a value of NIS 700 million

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

The largest investment fund in Israel, FIMI, announced the acquisition of control (90%) of the Rafa pharmaceutical company at a company value of NIS 700 million. Rafa was founded in 1937 by the...

Shufersal is acquiring 75% of Amiga Food Marketing for NIS 23.5 million

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

Shufersal is expanding in the institutional food market. The company signed the agreement to acquire Amiga Food Marketing, a leading food wholesale company with an annual sales turnover of more...

Audiocodes presents a 10% growth in revenue and an 80% increase in net profit

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

Audiocodes, a provider of advanced voice networks and media processing solutions for a digital work environment, announced its financial results for the third quarter of 2020, with a 10% growth in...

Microsoft is the high-tech company that is best to be employed in Israel

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

Microsoft is the high-tech company that is best for the employee to be employed in Israel, according to the annual ranking of Dun & Bradstreet. Microsoft was also ranked first last year. In...

Corona Cabinet: businesses that have one-on-one reception - can function

Posted on Oct 26, 2020 by Ifi Reporter - Dan Bielski

The Corona Cabinet has confirmed that businesses that have one-on-one reception, such as hairdressers, beauty salons, driving lessons and non-medical treatments, will return to activity this...

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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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