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

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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...

Bezeq: net loss amounted to NIS 5 million, in Q4 compared with NIS 1.76 billion same Q last year

Posted on Mar 19, 2020 by Ifi Reporter - Dan Bielski

The Bezeq Group reported fourth-quarter results in 2019 with a 5.3% decline in quarterly revenues - NIS 2.2 billion. The net loss amounted to only NIS 5 million, compared with NIS 1.76 billion in...

Difficulties in real estate construction hinder the ability to maintain business as usual

Posted on Mar 18, 2020 by Ifi Reporter - Dan Bielski

While the construction industry has been deviated from the manpower reduction directive and has been defined as an essential sector for the economy, in an attempt not to hurt construction starts...

Israir, The Israeli airline will begin operating direct cargo flights to London

Posted on Mar 17, 2020 by Ifi Reporter - Dan Bielski

Israir, The Israeli airline will begin operating direct cargo flights from Israel to London from Tuesday. This is to cope with the dramatic drop in passenger numbers as part of the global crisis...

El Al will return on a special flight and for free Israeli travelers staying in Peru

Posted on Mar 17, 2020 by Ifi Reporter - Dan Bielski

Foreign Minister Israel Katz has agreed with El Al's management to take out a plane that will return on a special flight and for free Israeli travelers staying in Peru, which is under closure...

The shekel loses ground against the world's leading currencies: dollar is up 4% and trades at 3,879 NIS

Posted on Mar 17, 2020 by Ifi Reporter - Dan Bielski

The shekel also loses on the second day of trading this week against the world's leading currencies, following the dramatic decision by the Central Bank on Sunday to lower interest rates to...

Lands Authority refuses contractors who have sought to postpone payments for plots

Posted on Mar 17, 2020 by Ifi Reporter - Dan Bielski

The Israel Lands Authority refuses the inquiries of dozens of contractors who have sought to postpone payments for plots in the light of the situation. The Authority has received inquiries from...

The Competition Commissioner: collaborations between competing businesses - allowed

Posted on Mar 17, 2020 by Ifi Reporter - Dan Bielski

The Competition Commissioner, Michal Halperin, said that during this period, collaborations, including collaborations between competing businesses that allow businesses to continue their...

The Treasury introduced a package of measures to assist the economy due to the consequences of Corona

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

The Treasury introduced a package of measures to assist the economy in dealing with the consequences of the Corona virus, including deferred compulsory payments to self-employed and small and...

El Al was refused by the government a $ 700 million state guarantee for a loan and a $ 700 million grant

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

El Al faces a significant flow challenge after the Treasury rejected a request that lasted until the wee hours of the night, its request for assistance, claiming its efficiency plan was...

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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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