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

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Adeltek group won the tender to purchase NIS 4.2 billion in the Ramat Hovav power plant

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

The Adeltek, Adelcom and Housing & Construction partnership won the tender to purchase NIS 4.2 billion in the Ramat Hovav power plant. This is according to the company's announcement to...

Supreme Court ordered Facebook to stop blocking Facebook and Instagram accounts of Israeli NSO employees

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

The Supreme Court rejected Facebook's appeal and ordered it to stop blocking Facebook and Instagram accounts owned by the Israeli cyber company NSO, and two former employees of the company....

The Knesset Finance Committee approved the outline of the encouragement of employment

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

The Knesset Finance Committee approved Tuesday, after heated discussions for five days, and despite widespread criticism, the outline of the encouragement of employment adopted by Finance Minister...

Zipi and Bar Refaeli signed a plea bargain with Tax authorities - Zipi will serve 16 months in prison

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

The Refaeli family and the prosecutor's office reached agreements in a case in which model Rafael Rafaeli and her parents are suspected of tax evasion and false reports. According to the...

El Al is offered: a new path of aid: a $ 150 million public offering

Posted on Jun 7, 2020 by Ifi Reporter - Dan Bielski

The state is offering God a new path of aid: a $ 150 million public offering. According to the Treasury, if the public does not respond to the issue, the state will buy the shares, take over the...

Foreign exchange reserves reached a new high of $ 142.5 billion

Posted on Jun 7, 2020 by Ifi Reporter - Dan Bielski

The Bank of Israel updated that as of May 2020, foreign exchange reserves reached a new high of $ 142.5 billion (about 35.5% of GDP) - an increase of about $ 9 billion compared to the end of...

Teva has won a patent trial against Opiant Pharmaceuticals and Emergent Biosolutions for Narcan Nasal Spray

Posted on Jun 6, 2020 by Ifi Reporter - Dan Bielski

Teva has won a patent trial against Opiant Pharmaceuticals and Emergent Biosolutions for Narcan Nasal Spray, the only FDA-approved drug to treat narcotic painkillers (opiates). Spray Narcan...

Only 57,000 employees were returned to work in the first week of June

Posted on Jun 4, 2020 by Ifi Reporter - Dan Bielski

Only 57,000 workers were returned in the first week of June. All in all, this is a decline from about 900,000 unemployed to about 850,000, which is a decrease of 6% - according to figures...

Microsoft for Startups Accelerator in Israel selected 14 start-ups for the first round

Posted on Jun 3, 2020 by Ifi Reporter - Dan Bielski

Microsoft for Startups Accelerator in Israel in collaboration with Tech for Good social enterprise organization selected 14 Israeli start-ups for the first round. Microsoft announced the launch of...

Israeli cyber company OneTouch completed its first $ 14 million round of funding

Posted on Jun 3, 2020 by Ifi Reporter - Dan Bielski

Israeli cyber company OneTouch (Wednesday) announced Wednesday that it has completed its first $ 14 million round of funding, led by the Jerusalem JVP funds and the investment arm of National Grid...

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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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