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

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The Bank of Israel's Supervisor of Banks, Hedva Bar to retire in April 2020

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

The Bank of Israel's Supervisor of Banks, Hedva Bar, prepares for her retirement in three months and will retire in April 2020 instead of July 2020 at the end of five years. Bar took office...

Rami Levy network reported 9.9% revenue growth in the 3rd Q

Posted on Nov 28, 2019 by Ifi Reporter - Dan Bielski

The Rami Levy network reported 9.9% revenue growth in the third quarter, net income down 16.4%, mainly due to the impact of the new accounting standard IFRS 16. Excluding the effect of the...

The ride on the Israel Railroad is expanding: the number of trips rose by 6.5%

Posted on Nov 28, 2019 by Ifi Reporter - Dan Bielski

The ride on the Israel Railroad is expanding. In the first nine months of 2019, the number of trips was 52.4 million, a 6.5 percent growth over the same period last year Israel Railways released...

Cellcom concluded its third quarter with a net loss of NIS 2 million

Posted on Nov 27, 2019 by Ifi Reporter - Dan Bielski

Cellcom Telecom concluded its third quarter of 2019 with an increase in revenue, but erosion in operating profit and a net loss. The company posted revenues of NIS 938 million, an increase of 3.1%...

The October composite state-of-the-economy index rose by 0.3%

Posted on Nov 27, 2019 by Ifi Reporter - Dan Bielski

The October composite state-of-the-economy index rose by 0.30%. The growth rate of the index reflects long-term growth with slight acceleration over the past two months. The combined index was...

Cellular partner revenues decreased by 2% to NIS 608 million

Posted on Nov 27, 2019 by Ifi Reporter - Dan Bielski

Cellular partner revenues decreased by 2% to NIS 608 million, compared with NIS 619 million in the corresponding quarter. Stationary revenues (TV and Internet) increased by 5% to NIS 258 million,...

The unemployment rate continued to fall in October: 3.4%

Posted on Nov 25, 2019 by Ifi Reporter - Dan Bielski

The unemployment rate continued to fall last October, to a mere 3.4% of the workforce - a figure that was last recorded in 1978; According to data from the Central Bureau of Statistics (CBS)...

Golf's third Quarter revenues: NIS 236 million

Posted on Nov 25, 2019 by Ifi Reporter - Dan Bielski

Golf's financial statements release a disappointing third quarter that indicates the instability suffered by the fashion company, which has been controlled by Clal Industries for a long time....

Israeli cyber startup ​"​Perimeter 81" has raised $ 10 million

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

Cyber ​​Perimeter 81, which develops Network as a Service (NaaS) platform for secure access to enterprise applications and resources in the cloud and on local networks, has raised $ 10 million...

The Histadrut and OPC Energy have signed a collective agreement

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

The Histadrut and OPC Energy have signed a collective agreement that will apply to dozens of the company's power plant, located in the Rotem Plain near Dimona. This is the second renewal...

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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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