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

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The first reduction in connectivity fees entered into force on the way to their complete cancellation

Posted on Jun 17, 2023 by Ifi Reporter - Dan Bielski

The first reduction in connectivity fees entered into force on the way to their complete cancellation in June 2025. The connection fee is a payment transferred between the communication companies...

Commissioner of the Competition Authority intends to impose a fine of NIS 8.6 million on the food company "Neto Melinda"

Posted on Jun 17, 2023 by Ifi Reporter - Dan Bielski

The Commissioner of the Competition Authority, Attorney Michal Cohen, announced that she intends to impose a fine of NIS 8.6 million on the food company "Neto Melinda" subject to a...

The startup Tomorrow.io announced the raising of an additional 87 million dollars

Posted on Jun 15, 2023 by Ifi Reporter - Dan Bielski

The startup Tomorrow.io, which promises more accurate weather forecasting, announced yesterday (Wednesday) the raising of an additional 87 million dollars. According to the database PitchBook,...

Water rates as of July 1st will rise by 3.08% - The update is carried out automatically

Posted on Jun 15, 2023 by Ifi Reporter - Dan Bielski

The Water Authority announced today (Thursday) the update of water rates as of July 1, 2023, within which they will increase by 3.08%, following a change in the basket of indices that determines...

Uber announced its departure from the Israeli market a year after trying to return to it

Posted on Jun 15, 2023 by Ifi Reporter - Dan Bielski

The transportation application Uber announced its departure from the Israeli market, about a year after trying to return to it. In the world, Uber is mainly known through the UberX service, which...

The average wage for a salaried position in Israel reached a new record of NIS 13,683 in March

Posted on Jun 15, 2023 by Ifi Reporter - Dan Bielski

A considerable increase in the average salary in Israel, alongside the increase in the cost of living. The published data from the Central Bureau of Statistics (CBS) shows that the average wage...

Cyprus and Israel will try to conclude h an agreement on the distribution of the gas revenues

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

The Minister of Trade and Industry of Cyprus, George Papanstasio, will arrive on Wednesday for a political visit centered on the attempt to reac h an agreement on the distribution of the gas...

The youth project in Kfar Saba: 1.5 billion NIS will be invested by the State of Israel

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

The youth project, which has been promoted by the municipality in Kfar Saba for the past two years under the leadership of Mayor Rafi Sa'ar, who was responsible for the negotiations with Rami...

Rafael unveiled a development plan for the "SkySonic" interceptor missile

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

About a week after Iran unveiled its new "Fateh" missile, and claimed that it has hypersonic capabilities (a speed higher than the speed of sound) in a way that would make it difficult...

In February-April 2023 there was a 19% decrease in the sale of new apartment

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

According to a review by the Central Bureau of Statistics, in the three months of February-April 2023, there was a 19% decrease in the sale of new apartments, compared to the previous three...

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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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