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

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Israel will pass tonight at 0200 for a summer time

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

Israel will pass tonight - Thursday through Friday - for a summer time. At 2:00 in the night, the circles will be moved one hour to 3:00. This, after Interior Minister Aryeh Deri's initiative...

Finance Ministry is considering temporarily raising the tax on gasoline

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

The Finance Ministry is considering temporarily raising the excise tax on gasoline - Globes has learned. This is in the context of attempts to reduce the expected severe damage to the state's...

Bank of Israel ntends to purchase NIS 50 billion in government bonds

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

Against the backdrop of the growing corona crisis and the sharp slowdown in economic activity, the Bank of Israel today announced a plan for quantitative expansion. The central bank, headed by...

Bank of Israel ntends to purchase NIS 50 billion in government bonds

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

Against the backdrop of the growing corona crisis and the sharp slowdown in economic activity, the Bank of Israel today announced a plan for quantitative expansion. The central bank, headed by...

Cellcom's loss expanded to NIS 107 million in 2019 - 67% increase

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

Cellcom's loss expanded to NIS 107 million in 2019 - a 67% increase in loss compared to 2018. In the fourth quarter of 2019, Cellcom lost NIS 54 million. The company warns about the effects of...

Interior Minister Aryeh Deri -- summer clock will start as paned on Thursdau

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

Interior Minister Aryeh Deri received the recommendation of the National Security Council (NSC) to start daylight saving time on the night of Thursday and Friday of the week - and reiterated its...

Cofix closed about two-thirds of its subsidiaries and left open 35 branches

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

Strengthening the Ministry of Health's directives, which require the closure of recreational culture, shopping malls, bars and restaurants and banning crowds, is detrimental to Copics. The...

Teva takes hundreds of workers in Israel and thousands of workers worldwide on paid leave

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

Teva takes hundreds of workers in Israel and thousands of workers worldwide on paid leave at her expense until a new announcement. The letter to company employees states that employees who are not...

The Ministry of Labor and Social Affairs: Parents will not be required to pay for the period in which there was no activity

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

The Ministry of Labor and Social Affairs announced Sunday that parents will not be required to pay for daycare and supervised families, which are disabled following the Corona crisis. According to...

Teva decided to extend the contract of CEO Car Schultz until 2023

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

Teva decided to extend the contract of CEO Car Schultz a year later, and it will now end in 2023. The cost of Teva's CEO's salary, Cor Schultz, totaled $ 11.6 million in 2019, according to...

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El Al Appoints Levi Halevi as New CEO; CFO Yaakov Shahar to Retire

Sep 20, 2026 by Ifi Reporter - Dan Bielski

El Al Israel Airlines announced a major leadership transition this afternoon, with the appointment of Levi Halevi as the airline’s new Chief Executive Officer . The decision was made by El Al’s Board of Directors , following the recommendation of a search committee... Continue reading →

Israeli High-Tech Investors Move to Secure Future of Channel 13

Mar 13, 2026 by Ifi Reporter - Dan Bielski

A group of Israeli high-tech investors has stepped in to support the future of Channel 13 , in a move that supporters say is intended to preserve independent journalism and strengthen pluralistic media in Israel. The development emerged amid uncertainty surrounding the channel’s... Continue reading →

Hadas Water unveiled a first-of-its-kind under-sink system for Shabbat observant users

Mar 13, 2026 by Ifi Reporter - Dan Bielski

Israeli company Hadas Water , a developer and manufacturer of purified water bars, has unveiled a first-of-its-kind under-sink system in Israel designed to provide hot and cold purified water while incorporating a special mechanism adapted for Shabbat observant users. The system,... Continue reading →

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