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

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Teva stopped negotiations with US on a compromise deal on the price coordination suspicion

Posted on May 16, 2020 by Ifi Reporter - Dan Bielski

Teva last month stopped negotiations on a compromise with the US Department of Justice's antitrust unit on suspicion that the company had inflated US generic drug prices and was engaged in...

Cyberark announced the acquisition of $ 70 million in cash from American cyber company

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

Cyberark announced the acquisition of $ 70 million in cash from American cyber company Idaptive. Idaptive develops a cloud-based remote access and artificial intelligence solution that supports...

Histadrut approved a labour dispute in Bitan Winery Group

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

Just before they came to understand about the cut needed to bring the company together and signed a new collective bargaining agreement, the Histadrut for the Mega workers of the Bitan Winery...

A senior income tax official was arrested for questioning on suspicion of bribery

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

A senior income tax official from the north of the country was arrested this morning for questioning on suspicion of bribery, accepting fraud and breach of trust. Along with him, two tax advisers...

Israeli startup LawGeex completed a $ 20 million round of funding

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

Israeli startup LawGeex, which has developed a system for automated legal contract analysis, announced the completion of a $ 20 million round of funding led by the American venture capital firm...

Uriel Lin, president of the Association of Chambers of Commerce criticized the government's economic policy

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

 Uriel Lin, president of the Association of Chambers of Commerce, strongly criticized the government's economic policy. "You can understand the way of working and thinking of the...

Israel Bank: raised the threshold of the verification ceiling for a transaction to NIS 300

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

With the return to routine and store opening, some fashion chains could see big queues at the box office, some of which may have been due to the reopening after the closure period, but also as a...

The Securities and Exchange Commission: disclosure required in Q1 reports regarding Corona impact

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

The Securities and Exchange Commission has issued a new guidance document with highlights regarding the disclosure required in the first quarter and overall reports, in light of the impact of the...

Treasury Director General Shai Babad announced to Finance Minister Israel Katz that he intends to end his role

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

Treasury Director General Shai Babad announced to Finance Minister Israel Katz that he intends to end his role with the establishment of the new government and the exchange of ministers. At the...

A construction worker in Or Akiva fell to his death

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

On Sunday morning, a construction worker in the Or Yam neighborhood of Or Akiva fell to his death. This is a site where the entrepreneurial company is Housing and Construction and the execution...

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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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