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

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Strauss board of directors ordered the company's management to examine raising a debt of NIS 400 million

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

Strauss board of directors ordered the company's management to examine raising a debt of NIS 400 million. The debt raised from a bank, other financial institution or by issuing bonds will be...

Israeli cyber company CyCognito laid off about 30 employees - about 15% of the company's workforce

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

The Israeli cyber company CyCognito (CyCognito) laid off about 30 employees, which make up about 15% of the company's workforce of 185 employees in Israel and the United States. According to...

CloudWize and Kyndryl Israel have entered into a strategic partnership to enables companies to have maximum cloud security

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

CloudWize and Kyndryl Israel announced today that the companies have entered into a strategic partnership to help bring cloud security and compliance to more businesses in Israel, across the...

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...

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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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