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

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Elbit won a huge contract from the Australian Army in the amount of about 600 million dollars

Posted on Feb 26, 2024 by Ifi Reporter - Dan Bielski

Elbit won a huge contract from the Australian Army in the amount of about 600 million dollars, to supply systems to the Hanwha Defense Australia company for the Land 400 Phase 3 project. The...

Government Salary Gender Gap Narrows Slightly in 2022 New Agreement Aims for Further Improvement

Posted on Feb 26, 2024 by Ifi Reporter - Dan Bielski

  According to the latest reports from the Ministry of Finance's Salary Commissioner, the average gross salary in government offices for 2022 stood at NIS 18,029 per month. However, a...

Finance Committee of the Knesset has approved an increase in Israel's Value Added Tax

Posted on Feb 22, 2024 by Ifi Reporter - Dan Bielski

In a move to address the significant deficit in the state budget, the Finance Committee of the Knesset has approved an increase in Israel's Value Added Tax (VAT) rate from 17% to 18%,...

Volume of mortgages secured by apartment buyers in Israel experienced a notable decline

Posted on Feb 22, 2024 by Ifi Reporter - Dan Bielski

In 2023, the volume of mortgages secured by apartment buyers in Israel experienced a notable decline, reaching NIS 71.3 billion, as per recent data released by the Bank of Israel. This marks a...

Unilever Postpones Planned Price Increases for Ice Cream and Chocolate Products

Posted on Feb 18, 2024 by Ifi Reporter - Dan Bielski

Unilever has decided to postpone the price increases it had previously planned, notably for its ice cream and chocolate products, until after the holidays. The decision comes following...

Nature and Parks Authority in Crisis: Budget Cuts Threaten Conservation Efforts

Posted on Feb 13, 2024 by Ifi Reporter - Dan Bielski

The aftermath of the recent war coupled with government budget slashes has plunged Israel's Nature and Parks Authority into a dire financial crisis. Severe cuts have forced the organization...

Roladin Coffee Chain Joins Trend of Price Hikes Amidst Economic Challenges

Posted on Feb 1, 2024 by Ifi Reporter - Dan Bielski

In the wake of rising import costs, supply chain disruptions, and increased operational expenses, Roladin, a prominent coffee chain, has decided to implement price hikes across its menu,...

Affinity Fund Led by Jared Kushner Completes 15% Acquisition of Shlomo Group's Automotive Operations

Posted on Feb 1, 2024 by Ifi Reporter - Dan Bielski

Shlomo Group has successfully concluded a deal to sell 15% of its automotive operations to the Affinity Fund, headed by Jared Kushner. The completion of this transaction marks Affinity Fund's...

in settlements surrounding Gaza the educational institutions will be reopening

Posted on Feb 1, 2024 by Ifi Reporter - Dan Bielski

Security restrictions in settlements surrounding Gaza have been relaxed from 18:00, allowing for the reopening of educational institutions and expanded gatherings in the area. This change in...

Shikma Bresler Files Defamation Lawsuit Against Knesset Member Tali Gottlieb and Activists Over Conspiracy Theory

Posted on Feb 1, 2024 by Ifi Reporter - Dan Bielski

In a significant legal development, Shikma Bresler, a prominent leader of the protest against the legal revolution, has filed a defamation lawsuit totaling NIS 2.6 million against Knesset member...

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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 →

Hadas Water unveiled a first-of-its-kind under-sink system for Shabbat observant users

Mar 13, 2026 by Ifi Reporter - Dan Bielski

Israeli company Hadas Water , a developer and manufacturer of purified water bars, has unveiled a first-of-its-kind under-sink system in Israel designed to provide hot and cold purified water while incorporating a special mechanism adapted for Shabbat observant users. The system,... Continue reading →

Idit Catering Wins Tender to Operate Meat Restaurant Network at Rafael

Mar 12, 2026 by Ifi Reporter - Dan Bielski

The catering company Idit Catering , part of the Dan Hotels Group , has won a tender to operate the meat restaurant network at the facilities of Rafael Advanced Defense Systems , one of Israel’s leading defense companies. Under the agreement, Idit will... Continue reading →

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