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

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The state filed a request from the court for restraining order against the teachers union eliminating their threat not to open the school year

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

The state on Friday filed an urgent request for restraining orders against the teachers 'union, with the aim of eliminating the labor dispute declared by the teachers' union, and forcing...

Corona implications: Israel Post lost in the 2nd Quarter NIS 163 million

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

The corona hits Israel Post: In the first half of the year, the company lost NIS 163 million. The corresponding period last year, the postal company lost NIS 13 million. The company's report...

A new collective agreement at Hot Mobile will apply to 250 of the company's employees

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

The Histadrut's Cellular, Internet and High-Tech Workers 'Union, headed by Yaki Halutzi, Chairman of the Hot Mobile Workers' Committee, Eli Cohen, and representatives of the Hot Mobile...

Analyte Renewable Energy revenues amounted to NIS 56.3 million in the second quarter

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

Analyte Renewable Energy announced its financial results for the second quarter of 2020 as part of an increase in revenue and profit. The energy company's revenues amounted to NIS 56.3 million...

Possible: submitting applications for the assistance grant to the self-employed and employees who control a company

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

The website of the Tax Authority opened up the possibility of submitting applications for the assistance grant to the self-employed and employees who control a few companies, in the amount of up...

Cellcom and Electra Consumer Products announced: The sale of Golan Telecom to Cellcom has been completed

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

Cellcom and Electra Consumer Products announced on Wednesday that the sale of Golan Telecom to Cellcom has been completed. Electra Consumer Products announced that the parties had agreed that the...

Fox fashion group surprises with NIS 90 million net profit in the 2nd quarter

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

The Fox fashion group, controlled by the Wiesel and Fox families, posted record profits in the second quarter of 2020 - NIS 90 million - despite the Corona crisis, and after the group's CEO...

Bank of Israel has left the basic interest rate unchanged - 0.1%

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

The Bank of Israel has left the basic interest rate in the economy at its current rate - 0.1% per year. The prime interest rate will therefore remain 1.6% per year. The interest rate decision...

851,051 jobseekers are registered - of whom 536,906 are on unpaid leave

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

The Employment Service said that as of today, 851,051 jobseekers are registered, of whom 536,906 are on unpaid leave. According to the Employment Service, "We continue to see in August a...

The Histadrut's Independent Business Owners' Forum onvened today for the first official discussion

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

The Histadrut's Independent Business Owners' Forum meeting convened today for the first official discussion in the presence of Histadrut Chairman Arnon Bar-David. The self-employed...

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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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