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

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Police evacuated in violence 30 protesters from a protest tent in front of Prime Minister's Residence

Posted on Jul 13, 2020 by Ifi Reporter - Dan Bielski

Police forces and inspectors of the Jerusalem Municipality evacuated 30 protesters from a protest tent set up in front of the Prime Minister's Residence on Monday. The demonstrators claim to...

CBS: about half of Israelis 46.5% expressed difficulty in covering their expenses

Posted on Jul 12, 2020 by Ifi Reporter - Dan Bielski

A survey published by the Central Bureau of Statistics (CBS) shows that about half of Israelis 46.5% expressed difficulty in covering their expenses even after the closure period, compared to...

Matrix paid NIS 49.8 million for 51% of Gestetnertek provider of office automation services

Posted on Jul 12, 2020 by Ifi Reporter - Dan Bielski

Sky Investment, which manages $ 450 million, sold Matrix information technology company (51%) to GestetnerTech. Matrix paid NIS 49.8 million for the transaction - an amount that reflects NIS 100...

Corona effect: sales growth in the second quarter of 2020

Posted on Jul 11, 2020 by Ifi Reporter - Dan Bielski

PCs (PCs) enjoyed sales growth in the second quarter of 2020 not only in the world but also in Israel. The increase in demand was caused by the fact that more people had to work from home....

Fox Group will gradually close three international brands: Urban Outfitters, Anthropology and Perry People

Posted on Jul 11, 2020 by Ifi Reporter - Dan Bielski

The Fox Group has announced that it will gradually close its operations to three international brands: Urban Outfitters, Anthropology and Perry People. These are three international chains of the...

Hospital directors in Israel warn of their financial situation and missing manpower

Posted on Jul 11, 2020 by Ifi Reporter - Dan Bielski

Hospital directors in Israel warn of their financial situation. In a letter sent to the Ministry of Finance they say that they are in a huge budget deficit following the corona period. "Their...

Pharmaceutical maker Gilead: Remdesivir drug reduces the risk of death among the severely ill by 62%

Posted on Jul 11, 2020 by Ifi Reporter - Dan Bielski

Pharmaceutical maker Gilead Sciences reported that its remdesivir drug for the treatment of the corona virus reduces the risk of death among the severely ill by 62%. The company stated that the...

Since midnight 840 people had been diagnosed with the Corona virus

Posted on Jul 10, 2020 by Ifi Reporter - Dan Bielski

The Ministry of Health said that since midnight, 840 people had been diagnosed with the corona virus. The data show that the number of seriously ill patients stands at 130. Since midnight, two...

About 10 thousand soldiers are required for isolation and 463 are infected with Corona

Posted on Jul 10, 2020 by Ifi Reporter - Dan Bielski

About ten thousand soldiers, in duty, permanent service and among IDF employees, are listed this morning as being required for isolation due to exposure to corona patients or the detection of...

Elbit will provide the Swedish army 1,000 non-Lynx software radios

Posted on Jul 9, 2020 by Ifi Reporter - Dan Bielski

Elbit will provide the Swedish army with more than 1,000 non-Lynx software radios in two years. This is a sequel to a deal signed two years ago under which Elbit provides systems for the Swedish...

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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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