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The absolute majority of small businesses take advantage of the credit line given to them by the bank. From an inspection conducted by the fintech company Bizzy in the first quarter of 2023, it emerged that 97% of the small businesses took advantage of the credit limit that was given to them, and only 3% did not take advantage of it. The inspection included almost 1,000 bank accounts of about 800 small businesses. The sample data also shows that the effective credit cost increased by 14% during the quarter. Thus, while the cost that the small business pays for the credit line amounted to...

Sunfrost's frozen bean products are back on the shelves, after their production and marketing was stopped due to the discovery of parts of a snake, a mouse, a snail and a bird's foot, among others, in the company's beans and peas, which is owned by Tnuva. They will gradually return to the points of sale starting today. Sunfrost controls about 70% of the cash sales in the frozen vegetables category. See that Sunfrost has begun the process of improving quality control and sorting at its factory in Migdal Ha'Emek, but has not yet activated the three optical sorting machines it announced it...

The annual State Comptroller's report, which was devoted mainly to issues in the fields of economics and infrastructure, with an emphasis on socio-economic issues, also addressed two important environmental-socio-economic issues: energy efficiency and the promotion of renewable energies and reducing fuel dependence. Plans are organized, and how the implementation of existing plans fails, so the goals are not achieved, and it is important to say that in advance these are low goals on any scale. However, this report is only the tip of the iceberg, and the big picture is even more worrying,...

Intel's suppliers recently received notices of contract cancellations, halting equipment and material supplies for the expansion of the company's new factory. The Ministry of Finance was aware of Intel's decision to halt the expansion

The Vicarius startup, which has developed a technology platform to help corporations identify and deal with software threats and weaknesses, has completed a $ 5 million Seed fundraising round. The capital raised will accelerate the company's international growth and expand its operations in the international arena. The investment was led by the Jerusalem Venture Partners (JVP) fund, with the participation of Innogy Innovation Hub and Goldbell Investments. Established in 2016 by Michael Asraf, Roy Cohen and Yossi Zeevi, Vicarius aims to change the way organizations manage and secure...

A huge fire broke out today (Tuesday) in the Jerusalem area, near the village of Shoresh and Road No. 1 (Jerusalem-Tel Aviv Road). Suspected arson. Following the fire, Shoresh's first line of houses, on Harimon Street, was evacuated - as was the gas station complex and the nearby commercial center. Later, residents of the first line of houses in the locality of Shoeva, on Hahoresh Street, were also evacuated to an absorption center in Kiryat Anavim. In addition, in both localities, electricity was cut off, in order to avoid the danger of electric shock

The State Attorney's Office filed an indictment against MK Haim Katz as part of a plea agreement signed with him, according to which he will be fined and given a suspended sentence only. As part of the plea bargain, the offense of fraud and breach of trust attributed to Katz was reduced to the offense of conspiracy to achieve a kosher purpose by improper means. This, at the end of negotiations that lasted a year between his defense attorneys and Attorney General Avichai Mandelblit and the State Attorney's Office. Katz, who will be represented by attorneys Noyet Negev, Yana Fogel and Tuval...

After six consecutive months of increases, fuel prices will drop sharply tonight at midnight - according to the Ministry of Energy announcement. The decrease is recorded following the drop in oil prices in the world in the last month, and after last week the Ministry of Finance published an order that expands the reduction of the excise tax on fuel to NIS per liter. The order that reserves the reduction of the excise tax on fuel will be in effect until the end of the month, after which it will be possible to extend it

Israel is in 4th place on the "Economist" list of successful economies in 2022 In weighing the indicators of growth, inflation, stock performance, and government debt, Israel leads the list of the 34 richest countries, alongside other surprising winners - Greece, Portugal and Ireland. Germany, despite its political stability, was ranked particularly low. In financial terms, the past year has been bad for almost everyone. Inflation of 10% in the rich world has eaten away at household incomes. Investors lost a lot when stock markets fell by an average of 20%. However, focusing on the...