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

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Auditor Report Reveals Disturbing Disparities in Israel's Food Industry Prices

Posted on Jan 8, 2024 by Ifi Reporter - Dan Bielski

In a recent audit conducted by Auditor Engelman, it has been disclosed that the level of prices in Israel, in terms of purchasing power, is on average 27% higher than in other OECD countries....

Minister Amichai Shikli Resigns - Sparks Government Trend of Ministry Closures

Posted on Jan 8, 2024 by Ifi Reporter - Dan Bielski

Three months after the outbreak of the war, Minister Amichai Shikli has announced his resignation from the position of Minister of Social Equality, a move seen as a response to growing criticism...

Israeli Economy Shows Resilience as Credit Card Sales Surge Amidst War Challenges

Posted on Jan 8, 2024 by Ifi Reporter - Dan Bielski

In a surprising turn of events, Israel's economy witnessed a notable recovery in the third month of the ongoing conflict, with a discernible uptick in credit card sales, according to data...

Government Approves NIS 9 Billion Aid Program for Reservists in 2024 Budget

Posted on Jan 7, 2024 by Ifi Reporter - Dan Bielski

The government has given the green light to a comprehensive aid program for reservists, amounting to NIS 9 billion. While parts of the plan await final approval in the 2024 budget, immediate...

Record-Breaking Bond Issue Reflects Market Confidence in Israel's Financial Stability

Posted on Jan 5, 2024 by Ifi Reporter - Dan Bielski

In a historic move, the Accountant General's Division at the Ministry of Finance successfully completed a record-breaking bond issue in the local market, amounting to a staggering NIS 4.4...

DF Launches Investigation into October 7 Incident and Gaza War, Led by Former Defense Minister Shaul Mofaz

Posted on Jan 4, 2024 by Ifi Reporter - Dan Bielski

In a significant development, the Chief of Staff, Major General Hertzi Halevi, has taken decisive action by initiating a comprehensive investigation into the events of October 7 and the broader...

Encouraging Signs of Labor Market Recovery Amidst Gaza War Challenges

Posted on Jan 3, 2024 by Ifi Reporter - Dan Bielski

In a positive turn of events, the Israeli job market is displaying signs of recovery, with increasing numbers of individuals returning to work after a challenging two and a half months since the...

Government Unanimously Approves Postponement of Local Authority Elections by Four Weeks

Posted on Dec 31, 2023 by Ifi Reporter - Dan Bielski

In a unanimous decision, the government has sanctioned a four-week delay in the upcoming local authority elections, pushing the date from January 30, 2024, to February 27. The move was prompted...

Bank of Israel Halts Dollar Sales as Shekel Strengthens; Exporters Face Challenges Amid Economic Shifts

Posted on Dec 30, 2023 by Ifi Reporter - Dan Bielski

Bank of Israel announced a cessation of foreign currency sales in November 2023, as the shekel experienced a notable strengthening trend. The foreign currency balances at the end of the month...

Government Companies Authority Director Resigns Amidst Struggles with Minister Amsalem

Posted on Dec 30, 2023 by Ifi Reporter - Dan Bielski

Michal Rosenbaum, the Director of the Government Companies Authority, has submitted her resignation to Prime Minister Binyamin Netanyahu, citing her inability to perform her duties properly. The...

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El Al Appoints Levi Halevi as New CEO; CFO Yaakov Shahar to Retire

Sep 20, 2026 by Ifi Reporter - Dan Bielski

El Al Israel Airlines announced a major leadership transition this afternoon, with the appointment of Levi Halevi as the airline’s new Chief Executive Officer . The decision was made by El Al’s Board of Directors , following the recommendation of a search committee... Continue reading →

Hanukkah Travel Surge Drives Sharp Rise in Passenger Traffic at Ben Gurion Airport

Dec 14, 2025 by Ifi Reporter - Dan Bielski

Hanukkah is already being felt across Ben Gurion Airport , with passenger traffic rising sharply and the terminal returning to a high-intensity operational rhythm. According to the Israel Airports Authority , approximately 508,000 passengers are expected to pass through the airport on... Continue reading →

New Jersey Alleges $122 Million Fraud by El Al Controlling Shareholder in U.S. Nursing Homes

Dec 11, 2025 by Ifi Reporter - Dan Bielski

A report by the New Jersey State Comptroller has accused Kenny Rosenberg , the controlling shareholder of El Al Airlines (48%) , and his business partner Darryl Hagler of orchestrating a large-scale fraud scheme involving nursing homes under their ownership in the United States. The... Continue reading →

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