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

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investment fund Fortissimo acquires C.T.S for NIS 150 million

Posted on Aug 25, 2022 by Ifi Reporter - Dan Bielski

The private investment fund Fortissimo signed an agreement to purchase the ownership in C.T.S for NIS 150 million. The purchase of C.T.S follows a previous attempt by Fortissimo to purchase...

Eyal Melis, CEO of the Tnuva Group which owns Sunfrost, said that "we apologize

Posted on Aug 22, 2022 by Ifi Reporter - Dan Bielski

Eyal Melis, CEO of the Tnuva Group which owns Sunfrost, said that "we apologize to the customers and consumers and take full responsibility". This after animal parts were found in...

Rami Levy earned NIS 34 million in the past quarter, a 42% decrease compared to the corresponding quarter in 2021

Posted on Aug 22, 2022 by Ifi Reporter - Dan Bielski

The increase in inflation, losses in the capital market, and a further deterioration in Kofix's situation eroded the profits of the Rami Levy company in the second quarter of 2022. Rami Levy...

IAI presents a weaker second quarter than the first in 2022, with a 12% drop in net profit to $51 million

Posted on Aug 18, 2022 by Ifi Reporter - Dan Bielski

IAI presents a weaker second quarter than the first in 2022, with a 12% drop in net profit to $51 million, and an increase of only one percent in sales, to $1.159 billion. Despite this, thanks to...

Estimates: Finance Minister Avigdor Lieberman intends to extend the discount on the fuel tax until November 15th

Posted on Aug 18, 2022 by Ifi Reporter - Dan Bielski

Despite the significant drop in world oil prices by about 10% since the end of last month and the drop in the dollar exchange rate by about 5% in recent weeks, Finance Minister Avigdor Lieberman...

Elbit Systems missed expectations in Q2 slightly on the top line

Posted on Aug 16, 2022 by Ifi Reporter - Dan Bielski

Elbit Systems published its financial reports for the second quarter of the year and once again missed expectations, slightly on the top line and more significantly on the bottom line. Despite...

The International Bank reports a profit of NIS 342 million in the second quarter

Posted on Aug 16, 2022 by Ifi Reporter - Dan Bielski

The International Bank reports a profit of NIS 342 million in the second quarter of this year and a return on capital of 13.8%. This is a 15% decrease from profits of NIS 404 million in the...

The International Bank reports a profit of NIS 342 million in the second quarter

Posted on Aug 16, 2022 by Ifi Reporter - Dan Bielski

The International Bank reports a profit of NIS 342 million in the second quarter of this year and a return on capital of 13.8%. This is a 15% decrease from profits of NIS 404 million in the...

Max Stock chain reports the signing of an official agreement to open stores in Portugal

Posted on Aug 16, 2022 by Ifi Reporter - Dan Bielski

The Max Stock chain publishes the financial results for the second quarter this morning and reports the signing of an official agreement to open stores in Portugal. The company announced the...

Ormat which produces geothermal power plants signed new contracts in New Zealand and Indonesia

Posted on Aug 16, 2022 by Ifi Reporter - Dan Bielski

Ormat, which deals with the construction and operation of geothermal power plants, signed new contracts for the construction of such power plants in New Zealand and Indonesia for 100 million...

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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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