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

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Real Estate Market Shows Signs of Revival as Apartment Sales Increase in August

Posted on Sep 18, 2023 by Ifi Reporter - Dan Bielski

After a prolonged period of stagnation in the real estate market, characterized by hesitant apartment buyers and failed state tenders for land marketing, there is finally a glimmer of hope....

Israeli Billionaire Ziv Aviram and Former US President Bill Clinton Join Forces to Launch Eco-Bridge Investment Fund

Posted on Sep 18, 2023 by Ifi Reporter - Dan Bielski

In a groundbreaking announcement made during the annual conference of the Clinton Family Foundation, Israeli billionaire Ziv Aviram, one of the co-founders of Mobileye, and former US President...

Bondholders of Bull Trading Move Closer to Taking Control as Talks with Controlling Owner Falter

Posted on Sep 14, 2023 by Ifi Reporter - Dan Bielski

In a decisive turn of events, negotiations between the bondholders of the non-bank credit company, Bull Trading, and its controlling owner, Ronen Bachor (72%), have hit a roadblock. This impasse...

High Costs of Transportation Minister Miri Regev's Official Trips to Morocco Spark Controversy

Posted on Sep 13, 2023 by Ifi Reporter - Dan Bielski

Transportation Minister Miri Regev's official trips have incurred substantial expenses, raising questions and concerns among the public. Her journey to Morocco, in particular, has stirred...

Financial Strain Hits Food Distribution Associations as Holiday Demand Soars - Discrepancy Between Increased Demand and Decreased Donations

Posted on Sep 13, 2023 by Ifi Reporter - Dan Bielski

In a recent survey conducted by "Value for the Way" among dozens of associations, a stark reality has come to light: 90% of these associations that distribute food have reported a...

Elbit Systems Secures $109 Million Contract to Supply "Hats" Systems to European Country

Posted on Sep 12, 2023 by Ifi Reporter - Dan Bielski

Israeli defense technology giant, Elbit Systems, continues its winning streak with a substantial contract worth $109 million. The company has inked a deal with an undisclosed European nation to...

"Controversial Budget Cuts Spark Outrage as Finance Committee Allocates NIS 478 Million to Ultra-Orthodox Sector and Settlement Education"

Posted on Sep 12, 2023 by Ifi Reporter - Dan Bielski

Finance Committee has given the green light to significant budget cuts affecting various ministries to facilitate a transfer of NIS 478 million towards the ultra-Orthodox sector and settlement...

three million private sector employees are set to receive increased recovery fees

Posted on Sep 11, 2023 by Ifi Reporter - Dan Bielski

Approximately three million private sector employees in the country are set to receive increased recovery fees, including retroactive payments dating back to the start of 2023. This momentous...

Cellcom Expands Fiber Optic Network to Eilat, Establishing Key International Connection

Posted on Sep 10, 2023 by Ifi Reporter - Dan Bielski

Cellcom has announced the expansion of its fiber optic network into the southern region, extending all the way to Eilat. This ambitious endeavor promises to connect the East to Europe in the...

Netanyahu and Bank of Israel Governor Discuss Future Term: "After high holidays"

Posted on Sep 10, 2023 by Ifi Reporter - Dan Bielski

Israeli Prime Minister Benjamin Netanyahu held a crucial meeting on Sunday with the Governor of the Bank of Israel, Prof. Amir Yaron, to discuss the possibility of extending Yaron's term,...

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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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