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

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The US drug company Cambrex whose Ceo is Shlomo Yanay will be sold for $ 2.4 billion

Posted on Aug 12, 2019 by Ifi Reporter - Dan Bielski

The US drug company Cambrex, whose chairman is Shlomo Yanai, is been sold to the $ 2.4 billion private equity fund Permira. The share price in the deal is $ 60, a 47% premium to the price set...

Finance Minister Kahlon signed the first 4 chapters of the new Israeli building code

Posted on Aug 11, 2019 by Ifi Reporter - Dan Bielski

Finance Minister Moshe Kahlon recently signed the first four chapters of the new Israeli building code, the Ministry of Construction and Housing, which prepares the code, announced on Sunday....

In July 2019, Bank Hapoalim's Consumer Confidence Index fell 5.0 points

Posted on Aug 6, 2019 by Ifi Reporter - Dan Bielski

In July 2019, Bank Hapoalim's Consumer Confidence Index and TNS Telescar fell 5.0 points to 2.139. The index for the current situation fell by 3.1 points and the index remained unchanged....

Sapiens concludes a successful quarter in which revenue improved by 9.6%

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

The software company Sapiens concludes a successful quarter in which revenue improved by 9.6% and net profit jumped by 49.5% over the same quarter in 2018. Sapiens revenues in the second quarter...

2918: 2.6 million residential apartments in Israel, most of them in cities

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

As of 2018, there were 2.6 million residential apartments in Israel, most of them in cities and local councils (about 2.4 million apartments), and the rest in regional councils (about 222,000...

Israel Post s launching in Israel debit-cards for teens

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

Israel Post Company is launching in Israel for the first time shekel and forex recharge cards for teens under 16. Each card can be loaded up to NIS 2,500 a month, even in foreign currencies. The...

65,800 foreign workers entered Israel in 2018 - an increase of about 15%

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

In 2018, 65,800 workers from abroad (foreign nationals) entered work permits - an increase of about 15% compared to 2017, according to the Central Bureau of Statistics. As of the end of 2018,...

Hot second quarter revenue was about 235 million euros, down 2.6%

Posted on Jul 31, 2019 by Ifi Reporter - Dan Bielski

HOT sums up the second quarter of 2019 with a 14.3% decrease in EBITDA compared to the same quarter (18.7% change in local currency), according to reports from Altai (Patrick Altai) of HOT...

Some 3,000 medical and public health labs employees will strike Thursday

Posted on Jul 31, 2019 by Ifi Reporter - Dan Bielski

Some 3,000 medical and public health labs employees across the country will go on strike on Thursday, working in a part-time style like on a weekend. As part of the strike, all medical...

The Competition Commissioner approved Nobel Energy to purchase part of the gas pipeline between Israel and Egypt

Posted on Jul 31, 2019 by Ifi Reporter - Dan Bielski

The Competition Commissioner, Adv. Michal Halperin, approved the fuel and Nobel Energy to purchase part of the gas pipeline between Israel and Egypt, owned by the Egyptian gas importer EMG. The...

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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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