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

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Minister Ze'ev Elkin ousted Mayor Tiberias Ron Koobi

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

Minister Ze'ev Elkin ousted Mayor Tiberias Ron Kobi, who was the focus of public outbursts. He said that for a few days he examined the professional rationale for failing to approve the...

Excellence Investment House aquired mutual fund company Alumot

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

The Excellence Investment House, managed by Hannah Hollander, is expanding: The company has today signed an agreement to acquire the mutual fund company "Alumot". Total assets managed -...

The Bank of Israel interest rate remains at 0.25%

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

The Bank of Israel interest rate remains at 0.25% - the Bank of Israel announced. This is in line with economists' estimates. While in recent months market estimates have expected the...

Teva will pay $ 54 million to settle claims it bribed doctors

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

Israeli "Teva" pharmaceutical company will pay $ 54 million to settle claims that the company bribed doctors to prescribe copaxone drugs for the treatment of multiple sclerosis and...

Israeli marketing company Tremor has agreed to acquire the video company Unruly from News Corp

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

Israeli marketing company Tremor International has announced that it has agreed to acquire the video company Unruly from News Corp. in an attempt to thwart its video services by logging in to the...

P.M Netanyahu decided to appoint MK David Bittan to Minister of Agriculture

Posted on Jan 5, 2020 by Ifi Reporter - Dan Bielski

Prime Minister Benjamin Netanyahu decided to appoint Deputy Minister Tzipi Hotobli to the Diaspora Minister, Minister Yifat Shaasha Biton  minister for Welfare Minister and Labor Deputy...

The average wage in October: NIS 10,501 - an increase of 2.1%

Posted on Jan 5, 2020 by Ifi Reporter - Dan Bielski

The average wage in October 2019 was NIS 10,501 - an increase of 2.1% compared to October last year. The Central Bureau of Statistics (CBS) released this on Sunday. Excluding the price index (ie,...

The Free Trade Area Agreement between Israel and Panama is in effect

Posted on Jan 5, 2020 by Ifi Reporter - Dan Bielski

The Free Trade Area Agreement between the State of Israel and the Republic of Panama comes into effect this weekend in early 2020. The agreement was signed by Minister of Economy and Industry, Mr....

The Free Trade Area Agreement between Israel and Panama is in effect

Posted on Jan 5, 2020 by Ifi Reporter - Dan Bielski

The Free Trade Area Agreement between the State of Israel and the Republic of Panama comes into effect this weekend in early 2020. The agreement was signed by Minister of Economy and Industry, Mr....

"Dan" driving cooperative signed a new collective agreement with 1,800 drivers guaranteeing their rights

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

The Federation of Transportation Employees Association and the bus company Dan on Thursday signed a new collective agreement for about 1,800 drivers, guaranteeing their rights with the entry of...

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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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