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The average wage in the economy in August increased significantly relative to the corresponding period last year and the main reason for this is layoffs and expenses for low-wage workers. In August, the average wage reached NIS 11,578, an increase of 7.3% compared to August 2019. CBS) published today (Wednesday). Such a high increase in the average salary in the economy is expected to result in an increase of thousands of shekels in the salaries of ministers, Knesset members and senior officials in the economy, if there is no legislation on the temporary order proposed by Finance Minister...

The Ministry of Finance announced that the committee for examining Israeli food standards reached agreements regarding the cancellation and modification of the standards. In recent months, the committee examined the Israeli food standards, and its goal was to balance as much as possible the Israeli regulation in the field of food with that practiced in other developed countries, thereby facilitating both the import of food to Israel and its local production in the Israeli food industry. According to the announcement of the Ministry of Finance, the standards that will be canceled will...

Food giant Osem is not content with raising consumer prices to improve profitability. The company plans to reduce the salaries of the sales force division. This is a division of more than 100 employees and is responsible for sales in the amount of NIS 4 billion. Yesterday morning, the brigade's workers decided to strike a warning strike with the approval of the Histadrut and did not go to work in the field. Chairman of the Trade Division Workers' Committee, Shlomi Aviv, said that "the company wants to cut our sales component by 20%, so we stopped the work. For years we have hired including...

1,386 people infected with corona were identified on Friday. This is according to data from the Ministry of Health. This is a rate of about 7% of the total tests (about 20.7 thousand). So far, a total of 674 people have died in Israel since the outbreak of the plague. The hospitals hospitalize 387 patients in critical condition, of whom 116 are respirators. The death toll from the plague in Israel has risen by eight since midnight to 665, the Ministry of Health updates. 783 people are hospitalized: 375 in critical condition, including 108 respirators, and 158 in moderate condition. 931...

Five election campaigns in less than four years cost us a lot of money, when all the expenses and damages to the economy in one election campaign are estimated at three billion shekels, including the cost of the Sabbath day and the damage to economic growth. Today (Sunday) the Finance Committee approved the budget proposal of the Central Election Committee for the elections to the 25th Knesset, which this time will amount to approximately NIS 538 million

The Minister of Finance, Israel Katz, announced that he had agreed with the Director of the Tax Authority on the outline of compensation for indirect damages due to Operation The Wall Guard. This means that gates in the south, such as Ashkelon, Sderot and Beer Sheva, will receive compensation, but the Gush Dan and Shefela areas will not receive any compensation, even though they have received rocket fire. The compensation will be given to businesses for a decrease in business turnover or for wages paid to employees who are absent due to the security situation. Businesses in the Gaza...

The Ministry of Economy and Industry, in collaboration with the Ministry of Energy and the Innovation Authority, launched the Energy Innovation Community in Israel. The innovation community is expected to build an engine of economic growth in a market valued at $ 1 trillion a year David Lefler, Director General of the Ministry of Economy and Industry, in front of hundreds at the conference: "The technologies in Israel exist and are excellent. The problem is in the application and assimilation of the technologies in the Israeli market and in the Israeli reality. Only cooperation between the...

Prime Minister Benjamin Netanyahu and Health Minister Yuli Edelstein arrived at the Clalit Health Fund's vaccination complex in the city of Umm al - Fahm on Friday, where the millionth vaccine against the corona virus was carried out. "This is great excitement," Netanyahu said after city resident Muhammad Jabarin received the vaccine. "We are breaking all records, we have brought millions of vaccines to Israel." Netanyahu added: "We have preceded the whole world and now we are ahead of them with our excellent health funds. We are moving forward with tremendous speed to vaccinate the entire...

Following the weather, the Finance Committee has decided that it will work to determine compensation for natural damage under the law. This is in the wake of the damage done to business owners and private individuals in the intense wave of rains that hit Israel. The Capital Market Authority said about 4,500 applications were submitted to the insurance companies. The company's estimate indicates weather damage totaling NIS 130 million. The Deputy Commissioner of Fire said: We warned in advance that the systems would collapse. We need NIS 30 million, and the political situation paralyzes us...