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

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Chairman of the Histadrut Arnon Bar-David: "Netanyahu where are you taking the State of Israel?

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

"I call on the Prime Minister: the ball is in your hand. Where are you taking the State of Israel? What legacy will you leave behind? Stop the crazy chaos that exists in Israeli society as...

The total amount of mortgages in June amounted to NIS 6.535 billion - 45% decrease

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

The total amount of mortgages that the banks granted to the public in June of this year amounted to NIS 6.535 billion - a negligible increase compared to the previous month, which amounted to NIS...

Spire Capital Partners acquires the Israeli cyber intelligence company Cobwebs Technologies for about 200 million dollars

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

Spire Capital Partners - an American private equity fund - acquires the Israeli cyber intelligence company Cobwebs Technologies for about 200 million dollars. The company develops cyber...

Elbit Systems won a contract to supply two long-range patrol aircraft to a country in the Asia-Pacific

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

Elbit Systems, under the management of Bezalel (Butzi) Machlis, won a contract to supply two long-range patrol aircraft to a country in the Asia-Pacific. The contract is worth 114 million...

Commissioner of competition intends to impose a financial sanction on Neto Melinda of NIS 15 million

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

The commissioner of the competition, attorney Michal Cohen, announced that she intends to impose a financial sanction on Neto Melinda in the amount of NIS 15 million for violations of the Food...

New wage agreement was signed at Bank Hapoalim - up to1,000 shekel a month increase

Posted on Jul 9, 2023 by Ifi Reporter - Dan Bielski

After a year of negotiations, the announcement of a labor dispute, and the imposition of sanctions, a new wage agreement was signed at Bank Hapoalim. The bank's employees' organization...

compromise: Meta will pay four million shekels to a fund for class actions

Posted on Jul 9, 2023 by Ifi Reporter - Dan Bielski

The Central District Court approved a compromise in which it was agreed that the company Meta (Facebook) will pay four million shekels to a fund for class actions, with the amount helping to...

Teva Pharmaceuticals is exploring options for selling the plant in in Ramat Hovav

Posted on Jul 6, 2023 by Ifi Reporter - Dan Bielski

Teva Pharmaceuticals is exploring options for its active pharmaceutical ingredients business, including the possibility of selling them, people familiar with the situation said, at a time when...

A soldier was killed on Tuesday in the Jenin refugee camp after two days of fighting

Posted on Jul 5, 2023 by Ifi Reporter - Dan Bielski

A soldier in the Agoz unit was killed on Tuesday in the Jenin refugee camp, when the forces were leaving the place after two days of fighting. The IDF is investigating the circumstances of the...

"Labor Market Report in Israel for 2022": The rate of jobs in high-tech dropped to the lowest level since 2019

Posted on Jul 5, 2023 by Ifi Reporter - Dan Bielski

The Ministry of Labor publishes the "Labor Market Report in Israel for 2022" from which some interesting data emerges regarding the distribution between the various industries, wages,...

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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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