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

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In November, a budget deficit of approximately 1.2 billion shekels was measured

Posted on Dec 8, 2022 by Ifi Reporter - Dan Bielski

In November, a budget deficit of approximately 1.2 billion shekels was measured, and the cumulative budget surplus in the last 12 months is reduced to 0.4% of GDP (approximately 7.5 billion...

Tigo Energy may merge with Spak under the name Roth CH Acquisition IV at a value of 600 million dollars

Posted on Dec 7, 2022 by Ifi Reporter - Dan Bielski

Zvi Alon's Tigo Energy may merge with Spak under the name Roth CH Acquisition IV at a value of 600 million dollars. Tigo provides solar and energy storage solutions and the merger is expected...

Univo Pharmaceutical that supplies medical cannabis products request to delay proceedings due to 40 million $ debts

Posted on Dec 6, 2022 by Ifi Reporter - Dan Bielski

The medical cannabis company Univo Pharmaceutical Industries, which manufactures and supplies medical cannabis products in Israel, as well as a number of subsidiaries it owns, submitted an urgent...

About a hundred Israeli importers flew.to Istanbul for meetings with about 400 Turkish exporters

Posted on Dec 5, 2022 by Ifi Reporter - Dan Bielski

The Association of Chambers of Commerce, in cooperation with the Turkish Exporters Association TIM, organized a delegation of about a hundred Israeli importers to Istanbul for a series of BTB...

Santa Israeli startup lays off most of their employees - A few dozens

Posted on Dec 5, 2022 by Ifi Reporter - Dan Bielski

Another startup company lays off employees. The CEO of Santa, Roy Adler, announced on Monday evening that the company will lay off most of its employees (a few dozen). In addition, the company is...

The Standards Institute began laying off 150 of the 873 employees

Posted on Dec 5, 2022 by Ifi Reporter - Dan Bielski

The Standards Institute began laying off 150 of the 873 employees it employs following the standardization reform initiated by the Ministry of Finance and the Ministry of Economy as part of the...

The average salary for Israeli workers in September was NIS 12,214

Posted on Dec 4, 2022 by Ifi Reporter - Dan Bielski

The average salary for Israeli workers in September was NIS 12,214, an increase of 4.7% compared to the same month last year, according to data from the Central Bureau of Statistics published on...

Yes satellite company is launching fiber internet packages that include home internet plus TV services

Posted on Dec 1, 2022 by Ifi Reporter - Dan Bielski

Yes satellite company is launching fiber internet packages that include home internet plus TV services. The company promises an installation from today to tomorrow, but it should be noted that...

Bizavo is laying off about 100 employees - About 35% of the company's 280 employees

Posted on Dec 1, 2022 by Ifi Reporter - Dan Bielski

The technology company Bizavo, which operates in the field of conferences, is embarking on a second round of layoffs in six months. The company is laying off about 100 employees - which is about...

Clal concludes the third quarter with a total profit of NIS 40 million

Posted on Nov 30, 2022 by Ifi Reporter - Dan Bielski

After the two largest companies in the insurance market, Migdal and Harel, presented losses - Clal concludes the third quarter with a total profit of NIS 40 million. Last year in the...

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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 →

L’Oréal Signs 50-Year Global License Agreement for Gucci Beauty

Jul 15, 2026 by Ifi Reporter - Dan Bielski

L’Oréal has signed an exclusive worldwide 50-year license agreement to create, develop, and distribute fragrance and beauty products under the Gucci Beauty brand, strengthening its position in the global luxury beauty market. The agreement follows the previously... Continue reading →

Mul-T-Lock Partners With Ruach Nashit to Promote Women's Economic Independence

Jul 15, 2026 by Ifi Reporter - Dan Bielski

Mul-T-Lock , a leading Israeli security solutions company, has joined forces with Ruach Nashit (Women's Spirit), an organization dedicated to promoting economic independence among women survivors of domestic violence. The partnership aims to support women in rebuilding their lives... Continue reading →

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