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

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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...

Israeli Businessman Abramovich Files Lawsuit Against Mizrahi Tefahot Bank Over Blocked Donation to Zaka Organization

Posted on Dec 27, 2023 by Ifi Reporter - Dan Bielski

In a legal battle that has unfolded in the midst of the ongoing conflict in Ukraine, prominent Israeli businessman Roman Abramovich, alongside the Zaka organization, has initiated legal...

Israeli Economy Shows Resilience Amidst Challenges: CBS Reveals Revenue Trends

Posted on Dec 27, 2023 by Ifi Reporter - Dan Bielski

Central Bureau of Statistics (CBS) unveiled the revenue indices reflecting the economic performance of various sectors in Israel. The data, covering the period from August to October of the...

Government Unveils "Recruited for Reserves" Program: NIS 9 Billion Aid Package for Reserve Servants and Families

Posted on Dec 27, 2023 by Ifi Reporter - Dan Bielski

In a significant move aimed at supporting reserve soldiers and their families affected by the ongoing conflict, Finance Minister Bezalel Smotrich and Defense Minister Yoav Galant unveiled the...

Finance Committee Reveals Controversial Taxation Measures Amidst 2024 Budget Discussions

Posted on Dec 25, 2023 by Ifi Reporter - Dan Bielski

In a heated session chaired by MK Moshe Gafni, the Finance Committee engaged in discussions surrounding proposed taxation measures to accompany the 2024 budget. The committee disclosed that...

Banking Supervision Extends Relief Measures Amidst Ongoing Conflict in Gaza

Posted on Dec 25, 2023 by Ifi Reporter - Dan Bielski

In response to the evolving situation and the recent announcement by the Bank of Israel, the Banking Supervision has declared an extension of the temporary order, Proper Banking Management 251,...

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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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