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

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Israeli Cybersecurity Company Skybox Security Shuts Down, Lays Off All Employees

Posted on Feb 19, 2025 by Ifi Reporter - Dan Bielski

Skybox Security, an Israeli cybersecurity firm, has laid off all of its employees and ceased its operations, marking the end of nearly 23 years in business. The company, which employed an...

Delta Brands Sees Strong Growth in 2024 with Increased Revenue and Profit

Posted on Feb 11, 2025 by Ifi Reporter - Dan Bielski

Delta Brands has closed 2024 on a high note, reporting a substantial 26% increase in revenue, reaching NIS 1.2 billion, while net profit surged by 37% to NIS...

Israel has slightly improved its position in the 2024 Global Corruption Perceptions Index

Posted on Feb 11, 2025 by Ifi Reporter - Dan Bielski

Israel has slightly improved its position in the 2024 Global Corruption Perceptions Index, published today (Tuesday), moving up to 31st place, compared to 33rd place in the previous year's...

Mobileye Reports Challenging Year with 23% Drop in Q4 Revenue - Forecasts Slow Recovery in 2025

Posted on Jan 30, 2025 by Ifi Reporter - Dan Bielski

Mobileye, the autonomous vehicle technology company led by CEO Amnon Shashua, has closed one of the most difficult years in its history, reporting a 23%...

Castro Hoodies Secures NIS 30 Million Investment from Institutional Investors

Posted on Jan 30, 2025 by Ifi Reporter - Dan Bielski

Castro Hoodies, a leading Israeli fashion group, has successfully raised NIS 30 million from institutional investors, issuing 3.5% of the company’s shares in return. The funding round was...

Vehicle License Fees Set to Increase by 3.24% in April 2024

Posted on Jan 30, 2025 by Ifi Reporter - Dan Bielski

According to documents released today by the Ministry of Transportation, Israeli motorists will face an increase in vehicle license fees starting in April 2024. The 3.24% fee hike is attributed...

The government has authorized Palestinian construction workers to enter Israel

Posted on Jan 30, 2025 by Ifi Reporter - Dan Bielski

Castro Hoodies, a leading Israeli fashion group, has successfully raised NIS 30 million from institutional investors, issuing 3.5% of the company’s shares in return. The funding round was...

IDF Deputy Chief of Staff Major General Amir Baram to Step Down at End of January

Posted on Jan 10, 2025 by Ifi Reporter - Dan Bielski

General Amir Baram, the Deputy Chief of Staff of the Israel Defense Forces (IDF), has announced his intention to step down from his position at the end of next month. In a letter addressed to...

Nagel Committee Proposes Major Defense Budget Increase: NIS 9-15 Billion Annually to Strengthen Military Capacity

Posted on Jan 7, 2025 by Ifi Reporter - Dan Bielski

The Committee to Examine the Defense Budget and Force Building (Nagel Committee) has presented its long-awaited recommendations to Prime Minister Benjamin Netanyahu, Defense Minister Israel...

Wysotsky Announces Price Increases Across Multiple Product Lines Amid Rising Costs

Posted on Jan 5, 2025 by Ifi Reporter - Dan Bielski

The Wysotsky company, a dominant player in Israel’s tea market, has announced price hikes across several of its product categories, citing rising input costs and other economic pressures....

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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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