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

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The Ashdod Port Department of the Sea will be under the control of Israel Ports Company

Posted on Dec 9, 2019 by Ifi Reporter - Dan Bielski

The Ashdod Port Department of the Sea will come under the control of the Israel Ports Company. The Department of the Sea includes the port routers, towed workers and maintenance workers, all...

Azrieli real estate will purchase Har Zion Hotel in Jerusalem, for NIS 275 million

Posted on Dec 9, 2019 by Ifi Reporter - Dan Bielski

Azrieli real estate company signed agreement to purchase Har Zion Hotel in Jerusalem, for NIS 275 million. Azrieli will acquire the hotel from Shlomo Eliyahu (owner of Migdal Group), as part of...

Pelephone and Bezeq International announced a new labor dispute

Posted on Dec 9, 2019 by Ifi Reporter - Dan Bielski

Pelephone and Bezeq International announced a new labor dispute through the General Histadrut, after the management negatively responded to their request to enter into further negotiations...

Economy ministry helped 59 companies who employed disabled workers

Posted on Dec 7, 2019 by Ifi Reporter - Dan Bielski

The Ministry of Economy and Industry Investment Authority summarizes the dedicated path for integrating people with disabilities into the free market for 2019. These are people whose participation...

Foreign exchange reserves totaled $ 122.4 billion

Posted on Dec 7, 2019 by Ifi Reporter - Dan Bielski

Foreign exchange reserves totaled $ 122.4 billion at the end of November 2019, an increase of $ 1,022 million from the end of the previous month. The balances account for 31.9 percent of gross...

The government deficit in the last 12 months amounted to 3.7% of GDP

Posted on Dec 5, 2019 by Ifi Reporter - Dan Bielski

The Treasury announces that the government deficit in the last 12 months amounted to 3.7% of GDP in the past month, significantly higher than the annual target of 2.9% of GDP. Government...

"Sabbatical pay for private sector employees in 4 election days cost is NIS 6 billion"

Posted on Dec 4, 2019 by Ifi Reporter - Dan Bielski

The Manufacturing Association's Economic Research Department reports on Wednesday that it will pay sabbatical pay for private sector employees on four sabbaticals. The cost is NIS 6 billion....

Success in the early stage of issuing Cellcom shares and options: chose NIS 300 million

Posted on Dec 3, 2019 by Ifi Reporter - Dan Bielski

Success in the early stage of issuing Cellcom shares and options. In the institutional tender, demand for NIS 505 million was recorded, of which Cellcom chose to accept NIS 300 million in bids....

Kamada Pharmaceuticals signed a new marketing agreement in Israel for 6 new products

Posted on Dec 2, 2019 by Ifi Reporter - Dan Bielski

Kamada Pharmaceuticals today announced the signing of a new marketing agreement in Israel for 6 new products, imitations of biological drugs (biosimilers), including osteoporosis drug (bone...

Cellcom will start a capital raising process of NIS 400 million

Posted on Dec 1, 2019 by Ifi Reporter - Dan Bielski

Cellcom telecommunications company 2.9% reported that the board of directors has ordered the company to start a capital raising process of NIS 400 million through the issuance of shares and...

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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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