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

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The Electricity Authority reduceד electricity tariffs by 4.13% to 5.3%

Posted on Dec 24, 2019 by Ifi Reporter - Dan Bielski

The Electricity Authority has decided to reduce electricity tariffs. The home consumer tariff will fall by an average of four percent and thirteen percent of the percentage The economy rate will...

The Finance Committee approved a series of budget transfers totaling NIS 11.36 billion

Posted on Dec 23, 2019 by Ifi Reporter - Dan Bielski

The Finance Committee, headed by MK Moshe Gaffney, approved a series of budget transfers totaling NIS 11.36 billion, including for internal changes in ministries and government bodies, and...

Partner will compensate its customers from the past of about NIS 1.8 million in benefits

Posted on Dec 22, 2019 by Ifi Reporter - Dan Bielski

Partner will compensate its customers from the past, amounting to a total of about NIS 1.8 million in benefits, including surfing packages and vouchers for exercise. Thus, as part of a settlement...

Raphael has won NIS billions of classified tender of the defence ministry

Posted on Dec 22, 2019 by Ifi Reporter - Dan Bielski

Raphael (Defense Systems Development Authority) has won NIS billions of classified to supply IDF intelligence systems. The estimated duration of engagement between Raphael and the Ministry of...

Transportation employees will conduct sanctions Sunday in protest over unilateral reforms

Posted on Dec 21, 2019 by Ifi Reporter - Dan Bielski

On Sunday noon between 11 am and 1 pm, Ministry of Transportation employees will hold informational meetings in all office units in the country. During these hours, there may be disruptions to the...

the Bird Foundation noted an investment in 1000 Israel-US projects

Posted on Dec 20, 2019 by Ifi Reporter - Dan Bielski

The Bird Foundation, the Israel-US Biennial Research and Development Fund, held a recognition evening at the Peres Center for Peace and Innovation, which was attended by about 150 guests. As part...

approved: grants to 12 industrial establishments of over NIS 200 million

Posted on Dec 18, 2019 by Ifi Reporter - Dan Bielski

The Ministry of Economy and Industry approved grants to 12 industrial establishments with an investment of over NIS 200 million The Director of the Investment Authority at the Ministry of...

Egged Traffic will will shut down Thursaday all the company's lines for 4 hours

Posted on Dec 18, 2019 by Ifi Reporter - Dan Bielski

The Egged Traffic  union and drivers will shut down all the company's lines for four hours, from 5:00 to 9:00 am on Thursday. According to the company, among the lines that will be...

Cellcom CEO Nir Stern leaves the company and will be the Director of "Paz"

Posted on Dec 18, 2019 by Ifi Reporter - Dan Bielski

Detection Committee of the Board of Directors of "Paz" elected Cellcom CEO Nir Stern as CEO of the company instead of Yona Vogel. Cellcom's CEO met with Paz Chairman last night,...

tax authority arrested 2 Israelis due to information they held unerported bank accounts abroad

Posted on Dec 18, 2019 by Ifi Reporter - Dan Bielski

The tax authority has arrested two other Israelis following information it received on unreported bank accounts held abroad, the amount of which is NIS 77 million. The two were arrested as part...

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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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