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

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labor dispute at ECI Telecom following the merger deal with American Ribbon Communications

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

Chairman of the Cellular, Internet and High-Tech Workers Union, Yaki Pioneer, announced a labor dispute at ECI Telecom, following the merger deal signed between it and American Ribbon...

Dutch Minister for Foreign Trade and Cooperation accompanied by a business delegation came to Israel

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

 On Monday, the Dutch Minister for Foreign Trade and Cooperation, Ms. Sigrid Kach, came to visit the country, accompanied by a large business delegation, with senior Dutch companies such as...

intel export from Israel in 2019 increased by more than $ 2.7 billion to $ 6.6 billion

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

Intel Worldwide released data on its operations in Israel, which shows that in 2019, the company's exports nearly doubled. Intel Israel's volume of exports increased by more than $ 2.7...

Fattal Holdings continues to expand in Europe: acquired land in Lisbon for € 42 million

Posted on Feb 2, 2020 by Ifi Reporter - Dan Bielski

Fattal Holdings, which is controlled by its chairman and CEO, David Fattal, continues to expand in Europe. The company reported on Monday that it has signed an agreement to acquire a...

Almost a third The business owners surveyed in the north of Israel didn't report their income

Posted on Jan 28, 2020 by Ifi Reporter - Dan Bielski

In a raid by tax authority investigators on business in the north of the country, it turned out that almost a third  The business owners surveyed did not report their income, a high rate...

The Ministry of Environmental Protection imposed a financial sanction of NIS 906,000 on Paz Refinery

Posted on Jan 27, 2020 by Ifi Reporter - Dan Bielski

The Ministry of Environmental Protection imposed a financial sanction of NIS 906,000 on Paz Refinery Ashdod following an incident during which the power system in the factory collapsed and emitted...

Over the past 8 years the number of credit cards held by a customer in a bank account increased by 38%

Posted on Jan 27, 2020 by Ifi Reporter - Dan Bielski

Over the course of 8 years, the number of credit cards held by a customer in a bank account has increased by about 38%. This is according to a semi-annual report published by the Bank of Israel....

Satisfaction of small business owners: Mizrahi Tefahot Bank is the leading bank

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

Mizrahi Tefahot Bank is the leading bank among the five largest banks in Israel in the satisfaction of small and self-employed business owners. Following in the ranking is the International Bank....

officially signed: an agreement to privatize Haifa Port

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

Representatives of the State, the Histadrut and the workers' committees at Haifa Port have officially signed the agreement to privatize Haifa Port. The agreement completes the move approved by...

mega Or is expected to purchase Ispro for NIS 855 million

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

Real estate mega Or company, controlled by Tzachi Nahmias, is expected to sign the acquisition of the mall company "Ispro", controlled by Eduardo Elstein's IDB (Discount Investment)...

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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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