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

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Wizz Air Announces Return to Israel, Unveils 6 Destinations for March 1, 2024

Posted on Jan 17, 2024 by Ifi Reporter - Dan Bielski

Wizz Air, a prominent low-cost airline, revealed its plans to resume operations in Israel starting March 1, 2024. The announcement comes amidst a wave of airlines resuming services in the region,...

Vacancy Dynamics and Workforce Trends Unveiled in Recent CBS Reports

Posted on Jan 16, 2024 by Ifi Reporter - Dan Bielski

In a recent report by the Central Bureau of Statistics (CBS), December data reveals a slight increase in job vacancies, totaling 100,870 compared to November's 98,772. The "Iron...

Government Approves Revised Budget for 2024 Prioritizing Security and Civilian Needs in War

Posted on Jan 15, 2024 by Ifi Reporter - Dan Bielski

The government approved the revised budget proposal for 2024 brought by Finance Minister Bezalel Smotrich. The proposal includes amending the budget and adding tens of billions to the security...

Governor of the Bank of Israel Urges Immediate Fiscal Measures for Defense Budget and Revenue Increase

Posted on Jan 14, 2024 by Ifi Reporter - Dan Bielski

In a crucial government meeting on Sunday, the Governor of the Bank of Israel, Prof. Amir Yaron, emphasized the need for significant adjustments to the 2024 budget. While touching upon various...

Miriam Adelson Leads Israel's Richest in Global Wealth Rankings and Eyal Ofer follows

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

About a week into the new year, Forbes Magazine has unveiled the latest rankings of Israel's wealthiest individuals, showcasing notable financial movements and gains in the first weeks of...

Lawsuit Alleges Harvard University Failed to Address Surge in Anti-Semitism Since Hamas Attack

Posted on Jan 12, 2024 by Ifi Reporter - Dan Bielski

Jewish students at Harvard University have filed a federal lawsuit accusing the institution of neglecting to address the increasing incidents of anti-Semitism on campus following the October 7...

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...

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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 →

Former NBA Star Omri Casspi Raises $250 Million for Third Venture Fund

Sep 4, 2026 by Ifi Reporter - Dan Bielski

Former NBA player Omri Casspi has raised $250 million for the third fund of his venture capital firm, Swish Ventures, marking another major milestone in his transition from professional basketball to the technology investment world. The new fund brings Swish Ventures' total assets... Continue reading →

Why AI Adoption on the Factory Floor Is Far More Complicated Than a Successful Demo

Aug 25, 2026 by Ifi Reporter - Dan Bielski

The integration of artificial intelligence (AI) has become a major priority for technology companies and startups. Yet when AI solutions move from development environments to the physical factory floor, the reality can be considerably more complex.... Continue reading →

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